In a bearish market, the coins with the most upside potential are typically meme coins. The coins that move less with Bitcoin price action and more with the tides of social media trends and the tidal forces of memes online.
Pepe has already skyrocketed 1,000,000% in 2023. Purely due to the community’s love of memes and the power of apeing in on a popular project.
In today’s climate, similar projects might be the best bet for a major, outsized gain. But which meme projects still have room to make that kind of upward move?
While Shiba Inu is a widely-known meme coin project, SHIB coin has seen a major price correction following the price spike seen in 2021 and is now almost down to its original price range again.
This coin could be majorly oversold, with massive upside potential once again on the cards for a project that has already shown itself capable of massive gains.
El Hippo is a new meme coin, posted 109% gains in its first month.
While the project is not yet fully established, the early gains are promising, as is the team’s statement that funds are being spent on influencer relationships and exchange listings. With 30,000 followers on social media and $4 million in market cap, the project is off to a good start, although only time will tell if it has what it takes to make it to the big leagues.
Dogelon Mars is essentially between the SHIB and HIPP in size and popularity. With $73 million in market cap, the project is no small fish. It has seen similar price action as SHIB in terms of a major price spike followed by a heavy correction.
Many crypto users have already seen hefty returns with Dogelon Mars. And there’s no telling where the price will go from here. It currently sits 78% below its all-time high seen in 2021. Meaning the sky is the limit when restoring itself to its former glory.
Buying Undersold Meme Coins
Getting in on the right meme coin early is a one-way ticket to the best gains available throughout the entire crypto space, as evidenced by the success of PEPE coin.
While its easier said than done, the three coins listed here are either so new or so far below their all-time high that they have the potential for massive upside price movements under the right conditions.
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With the cryptocurrency market continuing to become crowded with new projects, there are several coins that have had a strong start, yet have remained overlooked. Shiba Inu (SHIB), El Hippo (HIPP), and Dogelon Mars (ELON) are three coins that have already demonstrated substantial growth, yet remain undervalued compared to other projects.
Shiba Inu (SHIB) is an ERC-20 token created to decentralize the world of cryptocurrencies and make them accessible to everyone, regardless of financial standing. Despite being launched just a month ago, SHIB has become one of the most popular cryptocurrencies on the market, surpassing its peers with a whopping 300%+ growth since it first hit the market.
El Hippo (HIPP) is another ERC-20 token that has earned a spot in the crypto market by tackling the previously neglected area of risk management. By providing a tokenized platform for users to manage their risks, HIPP has become a powerful tool for traders, investors, and businesses to protect themselves against unpredictable market conditions. Already, HIPP has skyrocketed 250% since its launch and continues to have a strong presence in the market.
Finally, Dogelon Mars (ELON) is a decentralized asset system designed to provide users with a secure and fast way to manage their tokens. The DeFi project is built on the Ethereum blockchain, using a unique approach to asset management that provides users with flexibility, scalability, and security. ELON has also surged 250% since it was first launched, proving itself to be a viable contender in the crypto market.
It is clear that SHIB, HIPP, and ELON are quickly growing in the market, with each showing incredible potential for growth and utility. As the three cryptocurrencies continue to gain traction in the crypto space, it is time to recognize the importance of these projects and their potential to revolutionize the industry. These three coins are ready to move, and could be the next crypto assets to significantly rise in value.