The meme coin market has seen an uptick in momentum, with Pepe Coin’s (PEPE) price rising 34% on Monday.
This sudden surge has led many to speculate that a new meme coin season may be underway.
In this article, we’ll highlight five alternative meme coins that could benefit from the renewed interest surrounding PEPE and the market as a whole.
1. Meme Kombat (MK)
First up is Meme Kombat (MK), an emerging meme coin that combines gaming, staking, and betting into a unified platform.
Built on Ethereum, Meme Kombat allows users to view battles between popular internet memes, with animations powered by artificial intelligence (AI).
The outcomes of these battles are determined on-chain – and MK holders can bet on the results for a chance to win substantial payouts.
MK also has a built-in staking protocol, with yields currently set at 112% per year.
Users can earn more MK tokens and other rewards by participating in battles, betting, and staking, providing a multifaceted approach to token utility.
MK is currently available through a presale phase, with 50% of the 12 million total supply available for purchase.
Over $650,000 has already been raised, showing strong early interest from meme coin investors.
Once the presale sells out, MK will be listed on DEXs like Uniswap – an event that’s already being highly anticipated by members of Meme Kombat’s Telegram community.
With its unique meme-gaming approach, staking rewards, and betting features, MK is undoubtedly an exciting project to watch as the meme coin space heats up again.
2. FLOKI (FLOKI)
Another meme coin worth watching is FLOKI (FLOKI), launched in 2021 after tech tycoon Elon Musk named his Shiba Inu dog Floki.
Originally just a dog-themed coin like Dogecoin and Shiba Inu, FLOKI has evolved into a more utility-focused project.
It runs on both Ethereum and the Binance Smart Chain, with a total supply of 10 trillion tokens.
The coin’s offerings include Valhalla, an upcoming metaverse game using FLOKI tokens, and FlokiFi, a suite of DeFi products.
These products are designed to give FLOKI real-world utility beyond just being another speculative low-cap crypto.
FLOKI is currently the world’s fourth most-traded meme coin, boasting trading volumes of over $82 million per day.
With the token’s price up 42% in the past seven days, FLOKI could be another trending meme coin to benefit from renewed market momentum.
3. Bonk (BONK)
Next up is Bonk (BONK), another dog-themed coin launched on Solana in December 2022.
With a total supply of 100 trillion tokens, 50 trillion were airdropped to the Solana community at launch – prompting a 4,000%+ gain for BONK in January 2023.
As a dog-themed coin, Bonk is similar to DOGE and SHIB yet aims to add more utility than these two market stalwarts.
For example, Bonk’s team has created BonkSwap, a decentralized crypto exchange, and will be launching BonkPlaces, an upcoming NFT marketplace.
According to BONK’s official website, there are now over 462,000 unique holders, with the token integrated into 131 platforms.
Given BONK’s Solana-focused approach, the token has differentiated itself from most meme coins hosted on the Ethereum blockchain.
As such, with the market heating up once more, BONK could be an exciting meme coin to watch for investors seeking high-potential projects on the Solana network.
4. Shiba Inu (SHIB)
Shiba Inu (SHIB) needs no introduction since it’s currently the world’s second-largest meme coin, boasting a market cap of over $4.4 billion.
SHIB’s price is up almost 7% in the past week, following a trend seen throughout the meme coin space.
As the self-defined “Dogecoin killer,” Shiba Inu’s team is consistently rolling out updates and partnerships aimed at broadening the token’s utility.
Shibarium, Shiba Inu’s Layer-2 scaling solution, was one of these updates and received enormous attention from the crypto community.
Although Shibarium’s launch didn’t go as the development team had planned, the network has gradually begun gaining traction and now has over 1.2 million wallet addresses associated with it.
Given its proactive development strategy and the increasing adoption of its Layer-2 network, SHIB is a token to watch as the meme coin space continues to heat up.
5. Pepe 2.0 (PEPE2.0)
Lastly, Pepe 2.0 (PEPE2.0) is a low-cap meme coin launched in June that claims to be an improved version of the original PEPE.
Built on Ethereum, it has a massive total supply of 420 quadrillion tokens and was created by early PEPE investors who the project’s founder allegedly blacklisted.
After spiking by over 1,000% during its early days, PEPE2.0 has declined substantially and is now trading 92% below July’s all-time high.
The token currently has no utility beyond trading, though the developers have hinted at further upgrades in the future.
However, this has yet to stop the token from producing some impressive returns recently, with 20%+ daily spikes not uncommon.
Thus, although PEPE2.0 may not have the community backing or recognition of the original PEPE, it has demonstrated its potential – and remains a speculative asset that could offer high returns.
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