Pepe's Price Surges, But New DOGE20 Meme Coin is Poised for 50x Growth in 2024

You just can't keep a good dog down. Or in this case a good frog. Pepe Coin (PEPE) has been reliving some of its glory days recently as the meme coin is up over 600% in the last 30 days. Of course, PEPE is now trending number 1 on CoinCarp again as the star of last year is looking to make a triumphant return to the top of the meme coin ladder.

While its run has been great it should also be noted that it has lost 9% of its value in the last 24 hours. This may signify that this run was more because of bullish market conditions. We believe this may be the case and have found three other meme coins that are much better placed to pump in the short and long term.

• Dogecoin20 (DOGE20)
• Smog Token (SMOG)
• Sponge V2 ($SPONGEV2)

Let's take a look at why these might be better investment options than Pepe Coin.

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Dogecoin20- This greener version of DOGE may replace the original

Dogecoin (DOGE) has been enjoying a good start to 2024. It had pumped by over 100% at one stage and things were looking up. However, this may have just been because of the bullish conditions as we can already see in the last 24 hours DOGE has dropped by over 8%. It could also have a lot to do With Dogecoin20 (DOGE20).

There has been a quite successful trend that some new projects have been employing lately where they take an exciting project and keep its good parts but improve on their negatives. Green Bitcoin (GBTC) is the talk of the town at the moment and Dogecoin20 looks like it could be huge too. The main difference with this project is the stake-to-mine system that it uses.

This has two major advantages when compared to DOGE. The first is that staking has become almost a necessity for any new project that wishes to be successful. It benefits both the investors and the project as the former gets to make more of their investment while the latter gets a layer of security as staked tokens are less likely to be sold.

The other main upside of proof-of-stake is how much better it is for the environment. Bitcoin comes under a lot of criticism for its proof-of-work model but Dogecoin’s statistics are quite shocking too. Dogecoin actually uses the equivalent amount of electricity as a small African country over the course of a year. Dogecoin20 is far greener and in the long run, this will be a more viable option.

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Smog Token- Solana's next millionaire-making meme coin has arrived

The crypto world is incredibly fast-moving when it comes to trends and of all areas of the market, the meme coin sector is the fastest of all. One thing that has remained true now for quite some time is the Solana network is producing the best meme coins. Next up on that list is Smog Token (SMOG).

Bonk Coin (BONK) is one of the most successful meme coins of all time but we think Smog Token can overtake it as Solana’s biggest meme coin. This is because we think the project has found the formula to success. Combine what every meme coin project needs with what every crypto investor likes the most: virality and airdrops.

The airdrop part will be the feature piece of the project. Smog Token is promising the biggest airdrop events the market has seen. Investors can position themselves to make the most of the events by earning airdrop points. The best way to do this is by completing daily tasks on Zealy. Already over half a million tasks have been completed as investors fight to get the most points.

The virality part is crucial to the success of a meme coin. A massive 50% of the total allocation of SMOG has been dedicated to marketing. The effects of this can already be seen as despite barely being launched a month ago the social media accounts for Smog Token have exploded. The x account has over 40k followers and is a hub of activity for the meme coin.

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Sponge V2- The project that found a way to build on the success of their original token

There are many ways that a meme coin project can find success in the market. The people behind the Sponge V2 ($SPONGEV2) project may have cracked the code and found the easiest route to success. They have built their new meem coin off the back of their original meme coin Sponge Token ($SPONGE).

Readers will remember that Sponge Token was one of the biggest meme coins of 2023. After the Pepe Coin craze, it looked like the meme coin market was going to explode, however, a bearish patch set in that stunted a lot of progress. Sponge Token was one of the only meme coin projects to pump besides these conditions and make sure investors stayed interested in meme coins.

The project will now look to build on that success with Sponge V2. They will use an innovative stake-to-bridge system that not only ensures that Sponge Token remains valuable but that Sponge V2 can build on its progress.

How it works is investors who wish to be part of version 2 must first purchase and stake Sponge Token, when they do so an equivalent amount of $SPONGEV2 is purchased and stored for them. Once version 1 sells out completely, version 2 is launched. Investors can claim their new tokens and the staking rewards will also be paid out over a 4 year period.

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Pepe Coin’s revival may be over as fast as it began

Above is the 30-day performance chart for Pepe Coin (PEPE) that we referenced in the opening. While the growth was impressive we are beginning to see the start of a tail-off. This is not great news for the meme coin as it indicates that the progress did not have anything to do with the coin itself.

The current price pattern is actually very similar to Bitcoin's (BTC). In this way, we can determine that the PEPE run was just because of the bullish conditions. Now that the price of BTC has dropped all the way below $69k, PEPE has also begun to fall. Investors are best looking elsewhere.

Conclusion

So there you have our vision of how the meme coin market is going to play out in the coming weeks and months. Pepe coin may be coming down to earth but Dogecoin20, Smog Token, and Sponge V2 all look set for at least 50x growth in 2024.