Promising Meme Coins Under $70 Million to Buy During the Crypto Market Crash
The Bitcoin crash below $57,000 has sent the entire crypto market into the red, but as always, meme coins have suffered the brunt of it. These meme coins, which have no underlying utility and are driven by pure sentiment and speculation, are incredibly volatile. However, just as they have the propensity to fall sharply, they are more likely to see larger gains when the market begins to recover. So, here are the promising meme coins under $70 million that could be a great buy during the crash.
Meme Coins to Watch Out for
WOJAK Joins Promising Meme Coins
WOJAK is one of the coins that popped up to leverage the PEPE hype back in 2023. However, where most failed, the WOJAK meme coin was preserved, creating its own fair share of crypto millionaires in the process. Since then, though, the meme coin’s price has fallen with the decline in meme coin participation, leading to an over 76% decline from its all-time high.
Nevertheless, the WOJAK coin market cap being below $70 million following the crypto market crash could be good news. It has opened up the possibility for investors to get into the coin at a lower price, thus increasing the profit margins in the event of a rally.
Additionally, the WOJAK coin closely mirrors the price movements of PEPE, which is currently one of the largest meme coins in the market. In this case, it is safe to assume that the better the PEPE price performs, the better the WOJAK price will do.
Neiro On ETH (NEIRO)
Neiro On ETH (NEIRO) is one of the newer meme coins to hit the market that has done well so far in 2024. The meme coin was created after the owner of the legendary Dogecoin’s Kabosu got a new Shiba Inu dog named Nero.
Upon announcement of the name, meme coins named after the dog quickly proliferated various chains, but the one on Ethereum outperformed, crossing $200 million market cap. However, the coin has since seen an around 90% crash from its all-time high, putting it below $50 million market cap.
While this could chase off investors from the altcoin, it could also be an opportunity to get into the NEIRO meme coin at a low price. At below $70 million market cap, it is an almost 600% increase from here back to its all-time high.
Betting On Meme Coins With MANEKI
The MANEKI coin joined the leagues of meme coins earlier in 2024 when the Solana blockchain was still all the rave. The Chinese cat quickly gained a notable following, and its market cap ballooned to $270 million as a result.
However, like other meme coins, MANEKI has seen an 83% decline from its all-time high, putting its market cap below $70 million. This puts it at a good position for a buy-in for investors looking for a promising meme coin to buy.
In conclusion, meme coins have been incredibly volatile, and the market crash has sent their prices plummeting. However, this could also be an opportunity for investors to get into these coins at a lower price, thus increasing the profit margins in the event of a rally. WOJAK, NEIRO, and MANEKI are just a few of the promising meme coins under $70 million that could be a great buy during the crash. Always remember to do your own research and never invest more than you can afford to lose.
Q: What is a meme coin?
A: A meme coin is a type of cryptocurrency that has no underlying utility and is driven by pure sentiment and speculation.
Q: Why do meme coins tend to be more volatile?
A: Meme coins are incredibly volatile because they are driven by pure sentiment and speculation, making them susceptible to sharp price fluctuations.
Q: How do I get started with meme coins?
A: To get started with meme coins, you will need to research and choose a reputable exchange that lists the coin you are interested in. You will then need to create an account and fund it with the desired amount of cryptocurrency.
Q: Are meme coins a good investment?
A: As with any investment, it’s important to do your own research and never invest more than you can afford to lose. Meme coins can be a high-risk, high-reward investment, and it’s essential to be aware of the risks involved.
