Bitrabo Editorial
The recent Bitcoin crash below $57,000 has caused a downward spiral in the crypto market. Meme coins, known for their volatility driven by sentiment and speculation, have taken a hard hit. Despite the sharp declines, these meme coins could see significant gains once the market starts to bounce back.
WOJAK Emerges in Meme Coin Space
WOJAK emerged alongside the PEPE hype in 2023 and managed to sustain itself while many others failed. Despite experiencing a 76% drop from its peak, WOJAK’s market cap is now under $70 million post the crypto market crash. This presents a buying opportunity for investors to enter at a lower price, potentially leading to higher profits in a future rally.
Moreover, WOJAK’s price movements closely follow PEPE, a major player in the meme coin market. Therefore, as PEPE performs well, it is anticipated that WOJAK’s price will also rise.
Neiro On ETH (NEIRO)
NEIRO, a newer meme coin introduced in 2024, gained popularity early on. Inspired by the owner of Dogecoin’s Kabosu getting a new Shiba Inu named Nero, NEIRO quickly rose to over $200 million market cap. However, it has since plummeted by approximately 90% from its peak, now standing below $50 million market cap.
Despite the decline, this presents a chance for investors to enter NEIRO at a discounted price. With a market cap below $70 million, there is a potential 600% increase back to its previous all-time high.
Betting On Meme Coins With MANEKI
MANEKI entered the meme coin arena in 2024 during the hype surrounding the Solana blockchain. This Chinese cat-themed token quickly gained popularity, driving its market cap to $270 million. However, similar to its counterparts, MANEKI has witnessed an 83% drop from its peak, placing its market cap below $70 million.
For investors seeking potential in meme coins, MANEKI’s current market position offers an entry point to consider.