Bitcoin’s recent jump to its highest price in a year and a half signals that the crypto market might see a big boost in December. This is exciting news for new meme coins, which are known for their wild price jumps. They might be ready for another big increase.
But it’s tricky for crypto investors to figure out which meme coins will grow the most. To help out, we’ve picked out three meme coins that are worth watching this month. We chose them by looking at their current prices, how they’ve been doing in the market, how active and strong their communities are, their tokenomics, and what they’re used for.
These meme coins are not just popular but also have shown they have a lot of potential to grow. However, remember that not every meme coin will be a big hit, so it’s important to know how to spot the ones with the most promise.
A new cryptocurrency is perfect from all points of view for a very substantial short-term gain. It has all the growth potential yet to be exploited, low liquidity leading to high volatility, and a vertical growth in the first days, if not in the first hours. After days spent analyzing various new projects, we present Pandoshi, a project that certainly stands out from the crowd.
Pandoshi, although it may mistakenly seem like a meme coin at first glance, is not at all. In fact, it is a completely autonomous decentralized ecosystem. The level of professionalism and technical knowledge shown in the whitepaper is high. The project ideologically supports decentralization, monetary privacy, and the power of the community over the project itself.
The Pandoshi ecosystem includes a Layer-2 network (Proof of Stake, which is a more environmentally friendly solution than Proof of Work), a decentralized exchange, a non-custodial wallet, metaverse games, and cryptocurrency rechargeable prepaid cards. The entire ecosystem will be powered by the native coin PAMBO, initially launched on the Ethereum blockchain.
PAMBO is deflationary and has a buy-and-burn system that buys native crypto at market price and removes it from circulation, making it rarer. PAMBO benefits from each product of the project, for example, the exchange has a fee on the exchange of cryptocurrencies within it, this fee is used to buy PAMBO at market price and subsequently removes it from circulation, making the coin rarer and removing the possibility of selling those removed PAMBO.
Being an absolutely deflationary crypto, it is definitely an advantage, as inflationary assets tend to have poorer performance. However, the project includes another crypto, the governance token BAMBOO. This is used by the community to vote on decisions regarding the future of the project. BAMBOO can be obtained by staking the main crypto, PAMBO. In this way, the effect of collateral staking is created, where the main asset does not suffer inflation, but in the meantime rewards its holders with another crypto. PAMBO coins can be acquired directly from the project’s official website.
The Pandoshi project has recently reported progress beyond their initial development schedule, particularly with their non-custodial wallet, a key component of their ecosystem. They are preparing to launch a beta version that supports all EVM networks. This upcoming release will be available as a browser extension and as a mobile app for both iOS and Android devices.
Pandoshi is currently undergoing its Initial Coin Offering (ICO), a period during which the project’s cryptocurrency is offered for sale at a price lower than its expected market debut price. This ICO is structured into five distinct stages, with each stage seeing an increment in the sale price.
Upon the completion of the ICO, the cryptocurrency of the project is set to be launched in the market, initially appearing on renowned decentralized exchanges like Uniswap, followed by listings on major centralized exchanges including Binance and Coinbase. This sequence of events is likely to create substantial upward momentum in price for those who purchased in the early stages of the ICO.
Shiba Inu (SHIB)
Next, we have the Shiba Inu Coin, which has been on the market for several years. As a widely distributed asset, it is certainly less volatile and, consequently, less profitable. Shiba Inu is a cryptocurrency named and based on the Japanese dog breed. Since its introduction to the crypto world, the coin has grown at an astonishing rate, drawing the attention of investors and enthusiasts. At the end of October 2021, the price of Shiba Inu cryptocurrency increased by over 173% in a week, only to crash almost as quickly.
Shiba Inu is an altcoin created by a pseudonymous entity named Ryoshi in August 2020. According to the whitepaper, or “woof paper” as it’s called in the Shib community, the founder launched Shiba Inu on Ethereum because the blockchain is well-established and secure.
The Shiba Inu ecosystem includes a decentralized exchange and a Metaverse game still in development, with a release date yet to be announced. Shiba Inu can be purchased on both centralized and decentralized exchanges.
However, most of Shiba Inu’s popularity is based on hype. While seeing others profit from Shiba Inu, one might be tempted to invest as well, however their investment might turn into a loss. If you want to buy some coins for fun, you can proceed, but you shouldn’t heavily invest in Shib as it could be worth little or nothing in the future.
It’s important to note that Shiba Inu has no intrinsic value. It may seem valuable considering its market capitalization, but its value is based solely on entertainment. With this in mind, it wouldn’t be wise to invest too much money in Shib. Shiba Inu cryptocurrency can help make a quick profit, but it’s not a reliable long-term investment.
Pepe Coin (PEPE)
PEPE coin has rapidly gained attention in the cryptocurrency world, distinguishing itself as a standout meme coin. Within just two weeks of its market introduction, it witnessed an extraordinary surge of 525%, surpassing the performance of well-known meme tokens like Shiba Inu and Dogecoin. From its initial launch, PEPE the Frog’s market value soared to $1.6 billion by May 5, 2023, and it currently boasts a market capitalization of approximately $302 million.
However, the journey of PEPE coin wasn’t always smooth. In 2015, the internet meme coin underwent a challenging phase with various iterations like “Sad Frog,” prompting its creator, Matt Furie, to disassociate from the project and pursue legal action.
The Pepecoin (PEPE) project recently faced a significant setback, with a shocking theft of $16 million from its multisig wallet. This incident, which occurred on August 24, led to a substantial 15% drop in PEPE’s price, igniting concerns among investors about a potential rug-pull, especially as the stolen funds were tracked moving to various digital exchanges.
The situation took a dramatic turn the next day when an anonymous founder of the Pepecoin project addressed the crisis on Twitter. The @pepecoineth account revealed a tale of internal betrayal, alleging that three original team members orchestrated the theft and subsequently abandoned the project. This left the remaining team member to handle the aftermath alone.
Given these recent events, investors are advised to exercise extreme caution when considering investments in Pepecoin. The internal turmoil and significant financial loss highlight the high risks associated with investing in this particular cryptocurrency.
In conclusion, after a thorough analysis of Pandoshi, Shiba Inu, and Pepe coin, it’s clear that Pandoshi stands out as the most promising option for substantial profits on your investment. While Shiba Inu and Pepe coin are older and more established cryptocurrencies, their longer presence in the market also translates to slower movements in terms of value. This slower pace often results in lesser profit margins for investors. On the other hand, Pandoshi, being a newer entrant, exhibits greater potential for rapid growth and higher returns, making it a more attractive choice for those looking to maximize their investment gains.