3 Meme Coins With 100X Potential Today
Meme coins are recording gains in the crypto market following a general rebound as macroeconomic conditions flip positive. The release of the United States Consumer Price Index (CPI) changed the tide after periods of market fluctuations that saw assets lose tokens.
Meme coins in particular are risky assets that see outflows in periods of high interest rates as investors move funds away from risky assets. Declining inflation could signify a potential rate cut by the Federal Reserve which boosts the performance of meme coins. At press time, the meme coin market capitalization is up 1% to $56.5 billion today with certain assets showing signs of a 100X potential. Here are 3 meme coins with 100X potential today.
DogeBoy (DOGB)
DogeBoy is the top meme coin gainer today with 117% inflows amid the rebound of assets. The project has posted a two-week rally hitting 149%recording gains in its market cap. According to days from CoinGecko, the asset’s daily trading volume is $191,481. This is quite low but many believe these figures could spark with a wider rally.
DOGB’s rise comes as investors begin to pump assets into fairly new projects leading to over 100X gains.
Pepe Trump (PTRUMP)
Pepe Trump is up 74.5% today trading at 0.006444 in the market. Weekly flows for the asset are also up 12.9% as funds flow to new projects. One major talking point around the asset is its name combining Pepe and Trump. Meme coins like PEPE recorded high-flying gains in the market increasing their market cap above $4.2 billion becoming the third largest memecoin behind Dogecoin and Shiba Inu.
Trump has been having an impact on the market with recent comments ahead of the US Presidential election and the release of meme coins like BODEN.
AMATERASU OMIKAMI (OMIKAMI)
As meme coins soar, the asset has moved up 60.8% and 266% in the last seven days. This shows a potential for a 100X should bulls maintain their dominance, analysts say. Recent flows to crypto assets will surge depending on interest rate decisions by the Feds.
Also Read: Microsoft Build 2024: Date, Key Highlights, and What To Expect
The post 3 Meme Coins With 100X Potential Today appeared first on CoinGape.
