Meme coins are taking over the market, with an array of exciting projects generating enormous returns for investors in the past week.
$TOMMY, $L, and $LUMI are three of the most talked-about coins in the space, benefiting from the increased interest in small-cap cryptos.
The success of these coins has also paved the way for new projects to make their mark – with Wall Street Memes and yPredict already making waves through their respective presale phases.
Meme Coin Rise Seems Unstoppable as $TOMMY, $L, & $LUMI Soar
According to CoinMarketCap, the meme coin market is now valued at over $15.1 billion, led by well-known projects like Dogecoin ($DOGE) and Shiba Inu ($SHIB).
However, the market’s ever-evolving nature means that exciting new projects are springing up regularly – and this is what investors have seen over the past week.
Tommy Shelby token ($TOMMY), named after the beloved character from the Peaky Blinders TV show, made its Uniswap debut on Tuesday and immediately rocketed by 6,000%.
Per DEXTools.io, the token now boasts a market cap of over $1.45 million – which is even more impressive considering that $TOMMY has no use cases and no real social media presence.
The exponential rise of the Tommy Shelby token highlights the hype-driven nature of the meme coin space since seemingly useless tokens can still produce quadruple-digit returns for investors.
$TOMMY’s recent surge has been mirrored by L The Memecoin ($L), which soared by 6,700% on Monday evening.
The hype around L The Memecoin stems from the project’s focus on Elon Musk – specifically Musk’s ownership of Twitter.
Twitter Blue subscribers can receive an airdrop of $L tokens based on how much “clout” they have on the social media platform.
This unique setup, combined with the Musk-inspired aesthetic, has led to a broad accumulation of $L – with Etherscan revealing that over 3,200 people now own the token.
Finally, Illuminati ($LUMI) is also soaring, with this project drawing inspiration from conspiracy theories surrounding the elusive secret society.
Like $TOMMY and $L, the Illuminati token doesn’t have any real-world use cases, but its growing community of supporters has contributed to a massive surge in price.
$LUMI rose 470% on Tuesday, although it has now pulled back by 66% from its peak.
This wild fluctuation underscores the volatile nature of the meme coin market – where investor sentiment and hype can overshadow a project’s fundamentals.
Which Meme Coins Could Be Next to Shake Up the Market?
As highlighted above, the meme coin market is highly dynamic and constantly offers fresh opportunities.
Let’s now focus on two new entrants that could be the next meme coin market shakers – Wall Street Memes and yPredict.
Wall Street Memes Takes Market by Storm & Nears $11m Milestone
First up is Wall Street Memes ($WSM) – a meme coin that has gained significant attention from crypto-savvy investors.
Launched just over one month ago, Wall Street Memes’ presale has already generated nearly $11 million in funding, showcasing the immense hype around the project.
This hype stems from several factors, including the project’s indirect link to the WallStreetBets Reddit movement, which battled against the stock market’s short sellers in 2021 – and won.
Not only that, but Wall Street Memes has also drawn attention due to the brand’s hilarious memes on social media, which resulted in Elon Musk interacting with the official Twitter account on several occasions.
Now, the $WSM token has originated as a sort of “revolution” against Wall Street greed, with the Wall Street Memes team also aiming to reward those who have supported the brand from the very start.
Several cryptors influenced, including Michael Wrubel, have stated that they believe $WSM could produce exponential returns for investors by the end of the year, adding even more fuel to the project’s buzz.
Currently, $WSM is available to purchase through the ongoing presale for just $0.0304 – although the price will continue rising as each presale stage ends.
yPredict Presale Soars Past $2.6m as Investors Flock to AI-Powered Analytics Platform
yPredict($YPRED) is also attracting attention from investors due to its unique use cases within the context of the crypto market.
This AI-powered analytics platform has seen a massive response to its presale launch, raising over $2.6 million thus far.
The yPredict platform is designed to provide accurate price predictions for thousands of coins and tokens, enabling traders to make better (and more profitable) decisions.
Additionally, yPredict will feature a marketplace for AI-powered price prediction models created by industry-leading experts.
As outlined in yPredict’s whitepapertraders can subscribe to these models using $YPRED – yPredict’s native ERC-20 token.
Given the fast-paced nature of the crypto market, there’s a growing need for actionable analytics – and yPredict looks set to meet this need by offering real-time insights to its users.
yPredict’s presale is now in Stage 6 out of 8, meaning early investors can purchase $YPRED for just $0.09, a 33% discount on the planned CEX listing price.
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