Should You Sell Dogecoin For New Low Market Cap Meme Coins? 5 Next

Original author：Crypto World Daily

Original source：https://www.youtube.com/embed/QV5z9ADJ4VE

Sam Cooling

Last updated:
February 13, 2024 at 19:33 GMT+2
| 4 min read




































As meme coin markets continue to mount a come-back, smart money investors are considering whether to sell Dogecoin for new low market cap DOGE alternatives – lets dig in and take a look at 5 of the most promising meme coins.

Shifting sentiment on Dogecoin leaves the leading meme coin as a victim of its own success, with its strong market position, whilst once an allure – DOGE now has an eye-watering market cap.







Dogecoin Alternatives: Discover 5 Promising Meme Coins That Could be The Next DOGE.


Indeed, at a whopping $11Bn market cap, major gains for Dogecoin will require an absolute flood of new capital, for example, to get a 2x on DOGE, the project would need an additional +$11Bn.

This highlights the benefit of low market cap meme coins, which could make much bigger moves with the same amount of fresh capital – lets explore some examples.

Dogecoin Alternative #5 – BONK Token.




The start of 2024 has seen a huge migration in meme coin activity away from the Ethereum network, as traders look to shield their trading from the expensive and volatile gas fee situation – which appears to be worsening amid the arrival of ERC-404 tokens.

Solana has received a majority of the fresh volume, and at present BONK token is actively dominating Solana meme coin markets with a jaw-dropping market cap of $755,300,625.

In order for BONK to reach 2x gains, BONK’s market cap must reach around $1.5Bn – an increase of around $745m.

Whilst this is still lofty target, $745m is certainly more attainable than Dogecoin’s $11Bn.

Dogecoin Alternative #4 – DogWifHat Token.




In testament to the breakout success of the Solana blockchain amongst meme coin traders stands DogWifHat (WIF) token.

Standing as the second-largest meme coin on Solana, behind BONK, WIF token has enjoyed unrivalled success over the past month.

Yet, despite the vote of confidence from the market – WIF continues to remain below $500k market cap, at a present $374,306,952.

In order for DogWifHat to reach 2x gains, WIF’s market cap must reach around $750k – an increase of around $375m.

Whilst this remains a large capital inflow, it is certainly more feasible than Dogecoin’s $11Bn.

Dogecoin Alternative #3 – MYRO Token.




In third place is the 3rd biggest Solana-based meme coin, MYRO, which has unlocked viral success by playing on the name of the Solana Founder’s pet dog.

Myro is already a well-established name in the meme coin vertical, having...

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