While the Bitcoin price crash ravaged the crypto market and hurt altcoins, it presented a unique buying opportunity for meme coins that may never present itself after this period. So here are the top 3 meme coins that could 10x your portfolio from here.
Solana-Based Myro Leads Meme Coins with Potential
Meme coins based on Solana have been all the rage over the past year and for good reason too. These meme coins have performed so well in such a short time, coming to rival established Ethereum-based meme coins that have been around for years.
With WIF and BONK already crossing the $1 billion market cap, the hunt is on for other Solana-based meme coins that could achieve the same feat, and that's where the Myro token comes in. Myro currently has capital of $200 million. market capitalization, making it a prime candidate to cross the billion-dollar mark. However, its most optimistic developments have been its stock market listings.
Myro secured a perpetual listing on Binance last month, pushing its market capitalization above $400 million for the first time. It has since retraced, but this retracement is similar to what was seen with WIF, which fell back to $180 million at one point. If Myro follows the WIF playbook, its next step could see it grow to the $1 billion mark by more than 5x.
Popcat: Another Solana Meme Coin on the Rise
Popcat is another Solana meme coin that has been making waves in the space over the past few months. After a long period of consolidation, the price finally broke out in February reaching a new all-time high price of $0.37 in mid-March.
The price has since pulled back just over 50% and is now back to $0.17 with a market cap of $167 million. As with the majority of other meme coins, the token's full supply is in circulation, meaning there are no more unlocks coming.
At the current market capitalization, reaching the $1 billion mark would represent an increase of over 500% for the same coin. And with the bull market approaching, the price of Popcat could rise, bringing more than 10 times return to investors.
Wen (WEN) Coin Meme
Wen (WEN) is another Solana-based meme coin that has hit the crypto space over the past few months. Starting as an airdrop for users of the Solana-based decentralized exchange Jupiter, it quickly grew among meme coin investors as one of the most stable investments.
Just like the other meme coins on this list, the WEN token shows great promise as its market cap is still below $200 million. This puts it at least 5x to reach $1 billion, with a possible 10x when it hits the $2 billion market cap mark.
SOL price shoots to $176 | Source: SOLUSD on Tradingview.com
Featured image from Blockgeeks, chart from Tradingview.com
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