The meme coin market continues flourishing in 2023, with titans like Dogecoin (DOGE) and Shiba Inu (SHIB) still top of the pile.
However, exciting new projects are emerging regularly, such as presale stars Thug Life (THUG) and Mr Hankey Coin (HANKEY).
In this article, we’ll look at five high-profile meme coins making moves in the market – comparing their price predictions and covering their potential trajectories.
1. Thug Life (THUG)
First up is Thug Life (THUG) – a new, hip-hop-themed cryptocurrency in the midst of a successful presale phase but is anticipated to see significant price growth once it launches its IEO.
Although THUG’s presale was only launched a few weeks ago, it has already raised more than $1.4 million in funding, meaning the token allocation is now trending to sell out.
Once the allocation sells out or the presale’s end date arrives, Thug Life’s creators intend to launch THUG on a high-profile decentralized exchange (DEX), allowing anyone to access the token.
Given THUG’s unique branding and viral appeal, early investors believe this DEX launch could catalyze a significant price pump, as seen with previous presale cryptos.
Moreover, since 70% of the total THUG supply is being set aside for presale investors, the reduced availability post-launch could drive the price even higher.
Well-known YouTuber Michael Wrubel certainly seems to think this is the case, given that he’s predicted THUG could 100x in value once it makes its open market debut. Given the hype around the project and its rapidly rising presale, this ambitious prediction doesn’t come as a surprise.
Early Thug Life investors will hope he’s right, as such an exponential leap would translate into substantial returns.
2. Dogecoin (DOGE)
Dogecoin (DOGE) needs no introduction, as it was the trailblazer for the meme coin movement.
Although DOGE is trading well below its peak, it remains a favorite among crypto enthusiasts and has solidified its place in the mainstream consciousness.
One of the main features that fuelled Dogecoin’s growth is its community-oriented approach, which has ensured the coin remains popular with retail traders worldwide.
Moreover, the coin has also been referenced by numerous high-profile names – such as Elon Musk and Mark Cuban.
Per CoinGecko, the DOGE price is hovering around $0.0654, with a daily trading volume of just over $191 million.
Although price has been consolidating over the past few days, Zifa Mae, an analyst at Changelly, has predicted that…
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