As blue-chip crypto markets remain largely stagnant, with bitcoin (BTC) hovering around the low $29,000s and ether (ETH) around the mid-$1,800s, the meme coin market is gaining attention. A new token, $BALD, that was launched on Coinbase’s Ethereum scaling blockchain Base, reached a market cap of $100 million; however, most of its value was lost when the token’s developer pulled liquidity. With crypto markets subdued, degens are looking to the meme coin market for potential short-term gains. Here are some of the top-performing Ethereum-based tokens, according to DEXTools.
Majin Buu Token ($BUU)
$BUU, based on the iconic character Majin Buu from the Dragon Ball Z anime series, has been gaining momentum since its decentralized exchange (DEX) launch a few hours ago. With a last price of around $0.0000065, it has increased more than 3x from its launch price of under $0.000002. The DEXTScore is high at 90/99, although a blacklist function exists and no liquidity has been locked yet.
Pegasus SniperBot Token ($PEGASUS)
$PEGASUS, a token related to Telegram crypto bots, has been performing well since its launch last Friday, increasing over 130%. It has a market cap of around $500,000, with 500+ holders and trading volumes of $170,000 in the last 24 hours. However, there is a 5% buy and sell tax, and the issuer can play around with trading conditions.
Hamsters ($HAMS)
$HAMS, a unique gaming platform combining hamster races with a PvP betting system, has increased around 100% in the last 24 hours. With a current price of just above $0.30, it has a market cap of $3 million and around 4,000 holders. Trading volumes are not high, at $22,700 in the past 24 hours, and there is a 5% buy tax and a 7.7% sell tax.
Better Alternative to a Shitcoin
Rather than investing in shitcoins, with no underlying utility or project vision, investors should instead check out promising presale projects, such as those scrutinized by Cryptonews.com. One such project is Wall Street Memes ($WSM), an internet retail investing community that has recently been expanding its relevance in the cryptocurrency space. The $WSM presale has raised more than $18.8 million and its social community of 1 million degens is expected to ensure the token is listed on tier 1 exchanges. With 30% of the token supply being held back for community rewards, airdrops to holders are likely. The first $WSM airdrop is open now.
Investing in crypto is highly risky. This article is provided for informational purposes only and does not constitute investment advice. You may lose your entire capital.
