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For investors in the cryptocurrency space, there’s no end to the intriguing opportunities present in the surging memecoin movement. While crypto investors can buy and sell a diverse range of assets, from privacy tokens to utility tokens and more, memecoins have captured the attention of investors like no other. Thanks to their unique appeal, strong but lighthearted communities and their natural volatility, memecoins can sometimes be extremely rewarding investments
The crypto markets have been in sideways territory for quite a time, but many believe that we could soon see another surge in digital assets, and that makes memecoins a tempting bet. While it’s never easy to predict which memecoins are on a trajectory towards the moon, we can consider a few promising candidates that certainly have lots of momentum behind them.
LADYS
One of the most eye-catching memecoins making waves this year has to be LADYS, which came into being as a homage to the Milady Maker NFT collection created by the artist Charlotte Fang. The token, whose creators are unknown, launched in May 2023 and proudly proclaims it has no utility, instead leveraging its enthusiastic community to generate buzz and interest on social media as a means of creating value.
LADYS’ official website makes it clear that there’s no direct affiliation with Fang or the Milday’s NFTs, but that didn’t prevent it from soaring in value, thanks in part to a supportive tweet by SpaceX and Tesla founder Elon Musk. On March 13, 2024, it hit an all-time high of $0.0000003923.
One clear advantage of LADYS is that it’s compatible with most crypto wallets and easy for exchange platforms to support, boosting its accessibility. Because there’s no formal team, there’s no official whitepaper, but despite that – or perhaps because of it – it has managed to amass a loyal community, with its market capitalization currently hovering around $58 million, with a 24-hour trading volume of over $3 million.
On the other hand, LADYS does have an informal roadmap, and it notably managed to secure $5 million in funding from the crypto-focused VC DWF Labs in June 2024. It wasn’t made clear at the time how that capital will be used, except to fuel “new avenues for development, collaboration and community engagement.”
That said, it’s clear the funds are being put to good use, with LADYS recently announcing a comprehensive rebrand that includes a new vision statement and logo. The rebrand is said to reflect the memecoin’s determination to foster a vibrant and inclusive community, and the project’s backers list three major goals.
They include “fun and engagement”, with a focus on creating an engaging platform that enables community members to connect through interactive games and other on-chain activities, and “unity through friendly rivalries” with other memecoins, hopefully leading to future collaborations.
Finally, LADYS is focused on having a wider “cultural impact” based on the phrase “There is no meme. I love you”.
Regarding the specifics, LADYS has a total supply of 888 trillion, with 94% of those tokens residing in a liquidity pool to facilitate decentralized trading and price stability. The unnamed creators burned their own tokens, ensuring that the community itself has full control over the project. The website explains that the creators maintain 5% of LADYS’ supply in a trackable wallet, which is intended for use in future centralized exchange listings, bridges and liquidity pools. The final 1% of the supply was airdropped to Mildays NFT and PEPE token holders at genesis.
BONK
BONK first entered the limelight in late 2022, shortly after the collapse of the once-popular FTX exchange platform. One of its aims at launch was to uplift the Solana ecosystem during an especially testing period, during one of the darkest crypto winters the industry has ever experienced.
The creators launched BONK via an innovative airdrop, with half of its supply distributed to NFT creators, investors and other key figures in the Solana ecosystem. That strategy was designed to foster growth and engagement and counteract the dominance of whales in many other token projects. One of its aims is to promote widespread adoption and development in the Solana community by integrating itself with GameFi and DeFi applications.
To that end, BONK aims to serve as one of the primary assets across Solana’s decentralized application ecosystem, rivaling that blockchain’s native token SOL, with the aim being to encourage both existing users and others to engage with the blockchain. There are plans to create more inclusive community leadership, with the launch of BonkDAO on its roadmap.
BONK boasts an impressive market cap of $1.13 billion, with a daily trading volume in excess of $60 million. Its total supply extends to 100 trillion tokens, though a significant portion of that was distributed to Solana’s top NFT projects, DeFi users and developers.
Although BONK has often been compared to other popular memecoins such as Dogecoin and Shiba Inu, the project is distinguished by its laser focus on Solana and its goals of growing that network’s adoption and boosting development. That gives BONK more utility than other memecoins, which are little more than speculative assets, and it’s one of the primary reasons why the token has such a promising future.
FLOKI
The Viking-themed memecoin FLOKI has distinguished itself within the blockchain community through a novel blend of charity initiatives, community focus and utility, aiming to extend its popularity far beyond simple memes and speculative trading.
FLOKI’s ecosystem includes a 3D metaverse project, NFTs, a merchandise store, utility within various DeFi apps and even educational content that aims to promote the broader crypto industry.
One thing that sets FLOKI apart is its strong emphasis on giving, with charitable initiatives that include a project to build new schools in developing countries, beginning in Guatemala and Nigeria. To fund these efforts, it incorporates a tax of 0.3% on all trades that take place on decentralized exchanges.
The FLOKI token lives on both Ethereum and BNB Chain, boosting its accessibility, and it currently boasts an impressive market cap of just over $1.14 billion, with a daily trading volume of over $10 million. The total supply is capped at 10 trillion, with 9.58 trillion of those tokens currently in circulation, and there have been a number of token burns carried out with the goal of reducing this supply and, hopefully, boosting its value.
FLOKI has been one of the best performing memecons this year, and its value has increased more than 200% over the last 12 months, recently hitting an all-time high of $0.0003462 in June.
Although FLOKI has faced challenges around regulatory scrutiny in some regions, its commitment to proving real-world utility around charitable efforts has ensured it retains a strong community and captures the attention of investors. By leveraging meme culture to fuel its mission of funding education and other charities, FLOKI sets itself apart from many of its peers, and it looks sure to remain at the forefront of the memecoin movement for the foreseeable future.
Be Cautious & Have Fun!
Investors considering investing in memecoins should always remember that these tokens are extremely speculative and volatile – even more so than other crypto projects – and they have no intrinsic value. As such, there is always a risk that the value of these tokens will decline.
That said, as we can see above, there are a number of memecoin projects that aim to create a lasting impact, either culturally or by boosting adoption of their blockchain ecosystem or through charity-giving. As such, these memecoin projects with a viable mission might well be able to stand the test of time and deliver real value to investors.
As always, don’t invest any more money than you can afford to lose, choose your bets carefully and remember, the entire point of memecoins is to have fun and enjoy the buzz around them.
