The memecoin market is fast attaining maturation and here are 5 tokens in this asset class to watch out for.
Since the success of Shiba Inu (SHIB) became visible, many crypto innovators believe they can follow the same template for growth to create new projects with community backing. This underlying motivation to make a difference has led to the launch of numerous memecoin on different blockchain networks today.
To help potential investors get started with exploring the memecoin world, here is an overview of 5 of these tokens with prices under $0.00001 to watch out for.
PAWSWAP is a memecoin built on the Ethereum network using the ERC-20 token standard. The token powers the PawChain ecosystem, aiding transactions and serving as a governance token for its ecosystem.
PAW is one of the memecoins that boasts of relatable utility, making it a viable asset to watch in the long term. At the time of writing, PAW is priced at $0.00000002386 with a market capitalization of $10,238,185.
Kin made its emergence in the crypto ecosystem as a token that can integrate easily across mobile and web applications. Kin’s core ideology centers on shared economic benefits and in its evolutionary drive, it has moved from the Ethereum blockchain to Solana to enable swifter and cheaper transactions.
Trading for $0.00001523, Kin has seen its market cap jump to $44,698,641. The token’s prospects place it on the top of memecoins to watch out for in the long term.
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Bad Idea AI (BAD)
Bad Idea AI is closely associated with the Shiba Inu ecosystem. Despite being an independent project with a dedicated team, many believe its potential growth outlook is tied to that of SHIB. Bad Idea AI’s value proposition hinges on merging the values of blockchain, AI, and decentralized governance to bring a new highlight to the user experience.
BAD’s price comes in at $0.00000002959 with market capitalization pegged at $15,695,489.
Volt Inu (VOLT)
Volt Inu is a memecoin with a very low price pegged at $0.0000003778 but with a dedicated community. With a total supply of 69,000,000,000,000 VOLT, Volt Inu is hyper-deflationary with a defined revenue generation model to chart a unique growth course.
Among the offerings Volt Inu offers its community include stablecoin staking, blue-chip NFTs and yield farms amongst others.
Hosky Token (HOSKY)
Hosky Token is a Cardano-based memecoin built as a doggo-themed asset. It has a total supply of 1,000,000,000,000,000 HOSKY and a price of $0.00000002961. With a market capitalization of $6,751,573, HOSKY ranks as one of the cheapest on this list.
Memecoins have a high volatility and investment in them might lead to loss of funds. While these listed alternatives have good fundamentals and community, personal research is advocated before any decision to invest in these assets is made.