The meme coin frenzy continues to sweep the crypto world, with no signs of slowing down, as the value of Homer Coin ($SIMPSON) exploded over the weekend.
SIMPSON skyrocketed by about 18,000% as buyers clamored to find the “next big thing” in the meme coin niche market.
However, Homer Coin is not the only new project that savvy crypto investors are keeping an eye on, as new competitors AiDoge ($AI) and Sponge ($SPONGE) may be poised for price surges.
The rapid rise of Homer Coin has shocked crypto investors
The price surge of $SIMPSON over the weekend took the meme coin from obscurity to stardom, leaving meme coin investors stunned.
This unexpected rebound has made $SIMPSON one of the hottest projects in the meme coin niche market – even earning a listing on CoinMarketCap.
Like other recently market-pumping meme coins, $SIMPSON has no real-world use case yet. However, the token does have a full whitepaper outlining the developers’ future plans.
According to DEXView.com data, Homer Coin’s current market cap is over $92 million.
Furthermore, $SIMPSON traded over $16.4 million in value in the past 24 hours, highlighting the token’s increasing appeal among retail traders.
However, it’s not just retail traders getting in on the action – crypto “whales” seem to be involved too.
According to DEXTools.io, there have been 7 buy orders for $SIMPSON worth over $20,000 in the past 12 hours. This suggests that the “big fish” in the market want to add Homer Coin to their investment portfolios before the next rally.
Given that Homer Coin has already started attracting a large following, this decision could prove fruitful for those investors. In the past few days, over 6,500 people have followed the project’s Twitter account, which urges investors to “get ready to say ‘Woo Hoo!’ for the fun and rewards.”
The rapid price surge of Homer Coin has also caught the attention of leading crypto exchanges, with BitMart and MEXC choosing to list $SIMPSON – significantly increasing its accessibility.
Can $SIMPSON sustain its momentum in the coming days?
Investors are now wondering whether $SIMPSON can maintain its momentum – or if the token is just a “flash in the pan.”
According to Homer Coin’s official website, developers plan to add use cases soon, including chatbots integrated with Twitter and Telegram AI bots.
However, the website also seems hastily put together, with conflicting information that leaves potential investors confused.
At the top of the homepage, developers note a low fee of 5% for transactions using $SIMPSON – then, in the “Tokenomics” section near the bottom of the page, it claims there are no transaction taxes.
Additionally, the plans mentioned on the Homer Coin website differ greatly from the plans outlined in the project’s whitepaper – suggesting that developers are unsure of the direction forward.
Ultimately, these features have left many investors confused as they indicate that the creators of the coin have quickly assembled the project to profit from the ongoing meme coin craze.
After raising over $7.5 million, is AiDoge the future of meme coins?
The stage seems to be set for AiDoge ($AI), a meme coin that combines humor and pop culture with the latest in artificial intelligence technology.
This meme coin is causing a stir in the crypto market and is a promising investment opportunity for retail traders – helping the project’s presale raise over $7.4 million in just three weeks.
Once listed on centralized exchanges (CEXs), AiDoge looks poised to make a big splash, with the event scheduled for the third quarter of 2023.
Given AiDoge’s unique setup, these CEX listings could serve as a catalyst for significant price surges. According to the project’s whitepaper, users can immediately create memes using AiDoge’s AI-powered “meme generator.”
Furthermore, users can earn $AI tokens by creating funny memes that the community loves. This is done through the “public wall,” which features user-created images that can be upvoted or downvoted.
Using AiDoge’s meme generator, meme coin enthusiasts can create memes with viral potential without any photo editing experience and immediately upload them to Twitter and Reddit for the world to see.
AiDoge’s development is nearing completion, and investors can still purchase $AI tokens through presale before the project launches. The presale is currently in its 11th of potentially 20 stages, with $AI tokens priced at $0.00003 – 12% lower than the expected listing price.
$SPONGE Token attracts attention after a big surge
Sponge ($SPONGE) is another innovative meme coin that has been catching the attention of the crypto community.
Just as AiDoge combines memes and AI technology, Sponge is making waves in the crypto market with its iconic namesake product.
The official Sponge Twitter account has just surpassed 40,000 followers, showcasing the solid community support that the token is benefiting from.
According to CoinMarketCap, this community support has helped push $SPONGE’s market cap to over $13.4 million – and the project seems to be just getting started.
In the past week, $SPONGE tokens have been listed on seven CEXs, including Gate.io, LBank, and MEXC. These listings have caught the attention of some crypto influencers, with moonpie666 recently posting a Sponge meme to her over 20,000 followers on Twitter.
At the time of writing, the trading price of $SPONGE was $0.00054, with prices dropping in the past few days.
However, given its current appeal on social media, investors are increasingly believing that the token may be gearing up for another price surge.
According to DEXTools.io, over $1.8 million worth of $SPONGE was traded on Uniswap alone in the past day, as well as buy orders worth $91,000 – indicating that the token still has strong support, which will undoubtedly contribute to Sponge’s future growth.
You can buy $SPONGE tokens here.
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