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Bitcoin reclaimed $28,000 on Sunday after US President Joe Biden and House Speaker Kevin McCarthy struck a deal to suspend the national debt limit until 2025.
The deal would remove any limits on government borrowing until after the 2024 election, meaning money-printer-go-brr. It also aims at scrapping a proposed 30% tax on Bitcoin miners across the nation, further bolstering Bitcoin’s future prospects.
As history demonstrates, what’s bullish for Bitcoin is bullish for all of crypto – from smart-contract networks like Ethereum ($ETH), to meme coins like Dogecoin ($DOGE). That’s especially true in May 2023, after the rise of Pepe ($PEPE) and Bitcoin’s BRC-20 token standard have helped usher in a renaissance of low-cap meme coins with potential for 10-100x gains.
Now that Bitcoin’s back in action, here are a few meme coins to keep your eyes on if you're looking to ride some serious volatility in search of the next Pepe.
Biaocoin ($BIAO) Explodes As Whales Take Interest
The newly launched and enigmatic Biao Coin skyrocketed by 75% to $0.00022 on Monday, making it one of the top trending meme coins of the day on DEXTools.
The team behind the token offers little information about it on its website biaocoin.xyz, but DEXTools gives the project a high-reliability score of 89/100, and a community trust score of 95%.
The crypto price tracking site describes the token as “the future of finance,” and “not just a meme, but a friend.” It appears to be based on the popular Chinese meme “biaoqing,” reflecting an expressive face edited onto a panda bear or other animal.
The token’s already been stirring up engagement over social media, and the numbers would indicate its impact.
The coin cracked a market cap of $30 million on its first weekend when its price topped out at $0.000035 on Sunday. It’s now generating $47 million in daily volume, according to CoinMarketCap.
Whales appear to be getting involved as well: According to @vydamo_ on Twitter – a developer behind the $PSYOP meme coin who criticized ben.eth – a wallet holding $400,000 worth of Floki Inu ($FLOKI) recently bought 6.2 ETH worth of BIAO. That buy occurred just before it pump on Monday, meaning that whale is likely in the green.
With high volume and whale involvement, Biao Coin’s upside potential in the coming days should not be underestimated.
Kermit the Coin ($KERMIT) Explodes 2000%, $16 Million in Trading Volume
Kermit the Coin ($KERMIT) is up over 2000% in the past 24 hours, and is trading for $0.000026 at writing time.
Built on Ethereum, KERMIT boasts a 0% transactions tax, a renounce contract, and locked liquidity for 2 years. Specifically, the coin has total liquidity worth $528,000 right now, of which 99% is locked.
Still in its early stages, the coin just scored its first listing on CoinMarketCap on Monday, which is one of the most popular crypto price tracking websites. Meanwhile, its currently ranked #8 on DexTools’ hot pairs list, and was among the site’s top two gainers by trading volume for May 29, alongside Biao Coin.
The project promises a “fun and secure crypto experience” that will “make your cosmic dreams come true.” Little is known about the coin aside form that (it doesn’t appear to have a public website) but it has an 86/99 reliability score on DexTools.
Kermit already has 1200 individual holders, some of whom include Chinese whales, according to crypto trader @cryptopivo on twitter. By the traders’ account, the token’s promising development and high volume are signs that it will trend higher in the near term.
Wall Street Memes ($WSM) Hits $1 Million Raised in 72 Hours
Wall Street Memes ($WSM) is a brand new token embodies the meme culture of today, and is intent on recreating the fervent excitement behind meme coins and meme stocks that made early buyers rich in 2021.
Since its presale began on May 26, WSM has already attracted over $1,000,000 in funds.
Its success is no surprise: the token is founded by the same group that launched the Wall Street Bulls 10,000-piece NFT collection in 2021. The collection sold out in just 32 minutes, raising $2.5 million at the time.
Today, the team is intent on turning WSM into both the “King of Memes” and “King of Stonks,” and to eventually surpass Dogecoin. While that’s a lofty goal, the team is already building traction with the well-established community Wall Street Bets community, which has over 500,000 on its Instagram account, and over 214,000 followers on its Twitter account.
Given that this community in particular is plugged into the financial world, its likely that it will continue to notice WSM token and snap it up fast. The coin is currently selling for $0.0256 a piece on wallstmemes.com, but that price will only increase as the presale continues, so it’s best to get in ASAP!
AiDoge Concludes $15 Million Presale, CEX Listings Planned
Capitalizing on this month’s meme coin mania, AiDoge ($AI) just concluded a massively popular $15 million token presale.
The coin is one of many that successfully together popular seasonal trends in the form of artificial intelligence and memecoins – while also infusing their token with utility. Specifically, AI tokens let users purchase credits on the AiDoge platform for forming AI-generated memes based on user-provided text prompts.
Following the stunning success of the presale, many analysts are backing the AiDoge price to explode when it lists on exchanges in the near future.
While the token presale is now over, it’s not yet listed on centralized or decentralized exchanges. Instead, users can continue to purchase the token on aidoge.com at its planned list price of $0.0000336 using ETH, USDT, BNB, or card payment.
DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article.
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