Crypto traders tend to go where the money is. And meme cryptos in particular have been all the rage in recent months.
Crypto traders tend to go where the money is. And meme cryptos in particular have been all the rage in recent months. Most major cryptos have delivered boring price movements. Additionally, many notable altcoin projects have begun to plateau and decline again. I personally think many altcoins currently have very attractive entry points before the next rise in this bull market. Accordingly, many with a higher risk tolerance profile may want to consider allocating a portion of their portfolio to these assets.
Meanwhile, meme cryptos carry significantly higher risk than many of the more established crypto projects out there. Accordingly, I believe that investors should only put money into these projects that they are willing to lose. In fact, there are currently many “pump and dump” schemes to be wary of. Additionally, many meme cryptocurrencies offer no significant utility and only trade on momentum and hype, making it almost impossible to assess their price movements.
Even if you think it’s worth putting some money into some up-and-coming meme cryptos, here are three lottery ticket tokens you should check out.
Non-Playable Coin (NPC-USD)
Source: KWstudio / Shutterstock.com
Unplayable coin (NPC USD) is a meme coin and NFT hybrid for all over 8 billion people on earth. The project's token supply is set to the total population recorded as of July 26, 2023, with each token convertible into an NFT at a 1:1 ratio. Inspired by the unplayable character meme, the ERC-20 token takes cues from this joke by creating a supply limited to the entire human population.
NPC has been one of the meme cryptos with the strongest price movement recently. The cryptocurrency has gained 284% in the last month alone. And there are many crypto experts and speakers who believe that NPC could rise even further from here. I think that’s entirely possible since the… The market cap of this project is currently only $140 million. We have seen many memecoins break the $1 billion barrier this cycle. So if the team continues to “shill” this cryptocurrency, NPC could join this list.
Non-playable coins currently provide no utility and are for entertainment purposes only. However, users will soon be able to equip their NPCs with a built-in customization tool, with plans to better link the liquidity of ERC-20 tokens to ERC-1155 tokens.
BEFE (BEFE-USD)
Source: iQoncept / Shutterstock
BEFE (BEFE-USD) is a much smaller meme cryptocurrency. This is a project with a Market cap of just $25 million. But that doesn’t mean that the price movement of this token hasn’t caused a lot of excitement in the last few days. The three-digit fluctuations attract a lot of attention here. BEFE was launched without pre-sales and has no taxes, making it a coin “for the people,” according to its promoters.
The only major centralized exchange that BEFE currently trades on is MEXC. I think if the meme crypto manages to get listed on larger exchanges, the market cap could definitely increase.
I would also like to note that this project is quite old compared to most of the hyped up meme coins currently spreading. While BEFE saw its first rise in December 2023, it has since traded lower since April this year before a recent rebound. For those betting on a continued rally in meme coins, this is a project to watch closely.
PepeFork (PORK-USD)
Source: Shutterstock.com/ChrisStock82
Pepe (PEPE-USD) is a meme token that has been very popular in the current cycle and even managed to break the important $1 billion market cap threshold. Therefore, it should come as no surprise that many rebranded Pepe tokens have hit the market in recent months, some reaching market caps in the hundreds of millions. PepeFork (Pork USD) is one such project. However, the market capitalization of this token has been increasing recently fell to $73 million. But the price of pork has increased by 35% in the past week. Therefore, I think there is a possibility of this meme coin rising higher and having a resurgence.
This is a meme coin derived from the original Pepe Coin to improve transparency and community-driven development. PORK is the native token of the PepeFork ecosystem with a total supply of 420.69 trillion tokens. I think the price of this cryptocurrency depends more on how most other Pepe tokens will perform. But it’s a meme coin investor you might want to consider for increased upside this cycle.
At the time of publication, Omor Ibne Ehsan did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s publication policies.
Omor Ibne Ehsan
News source:https://www.kdj.com/cryptocurrencies-news/articles/lottery-ticket-meme-cryptos-buy-bull-market-rally.html
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