As one of the most popular meme coins on the market, Shiba Inu has been a popular investment option for years. However, after the crypto market crash in 2022, SHIB tokens lost over 60% of their value, and the new market conditions are not doing it any favors. Modern meme coins offer much higher token utilization, a limited number of tokens, and an overall better design. Traders are moving away from SHIB towards other meme coins, with Wall Street Memes and the Thug Life token as their favorite investment options in the past month. Shiba Inu will introduce a new and improved token, SHIB 2.0, to keep up with newer meme coins, so let’s look at the entire situation from up close.
Original Shiba Inu Token Losing Traction
Shiba Inu is still in the top 20 cryptocurrencies by market cap, but it’s slowly losing traction as investors move to other assets. With a $4.5 billion market cap, it’s barely hanging on to the 19th place, but considering that it lost over 30% in value in the past few months, it’s slowly losing ground to emerging meme coins and other crypto projects. That’s why the people behind Shiba Inu decided to unroll a new token dubbed SHIB 2.0, made according to the current best industry practices. Pepe and Doge also unrolled their 2.0 tokens recently, leading to massive gains overnight.
The new trend of updating meme coins is slowly emerging, gaining the attention of crypto whales and newcomers looking to invest in cryptos with high gain potential. SHIB 2.0 market cap is gradually growing, gaining over 650k in the past week. It is now at around 720k, with a daily trade volume of approximately $1.5 million. However, it’s important to know that the token went live just a few days ago, so it’s still got plenty of room for growth as investors flock in looking for the highest market gainers.
Will SHIB 2.0 Turn You Into A Millionaire?
Everyone who invested in Shiba Inu tokens in January 2021 and held on to them until March 2023 got over 14 million percent in return. Or in other words, if you invested only $100 in SHIB tokens two years ago, you would have earned $14.5 million in return. Is there a chance that SHIB 2.0 will repeat the success of its predecessor?
As of right now, SHIB 2.0 is yet to lock its liquidity, with only 14.16 Ethereum pooled. That means it is setting itself up for a massive bull run as the number of investors keeps snowballing quickly. If the whales jump on board, SHIB 2.0 could explode and repeat the success of the original Shiba Inu token. However, it’s still too early to predict where the price will land, as it depends on many factors changing extremely quickly.
Other Meme Coins Showing Massive Growth Potential – Wall Street Memes and Thug Life Token
The meme coin market is expanding faster than any other cryptocurrency niche. Dozens of new meme coins were released this year, with many more in presale. However, a few platforms are rising above the rest, with Wall Street Memes leading. So, let’s see what makes these two meme coins such popular investment options.
Wall Street Memes
Wall Street Memes is probably one of the most exciting cryptos released in the past few years for multiple reasons. First, it’s entirely run by the Wall St. Bulls Reddit community with over 1 million members across social media. Secondly, Wall St. Bulls are the same people who outperformed one of the world’s largest hedge funds over the GameStop stock controversy in 2021. The community has proven that it can work together, and if it applies the same effort to the launch of the $WSM token, success will surely follow.
The extremely active community welcomed the news about Wall Street Memes with open arms, making the official $WSM token presale one of the most successful presales in years. The platform has raised well over $12 million in presale in less than a month, and investors are still lining up to join one of the most anticipated and prospective cryptos in 2023.
Therefore, the only way Wall Street Memes will go after launch is up, and it’s highly likely that all early investors will get massive returns by the end of the year. $WSM token could repeat the success SHIB had in the past two years, so don’t miss out on the chance to invest early to get the highest gains down the road.
Thug Life Token
Everyone knows the Thug Life meme that took over the internet years ago. It’s still one of the most popular memes online, and now there is a Thug Life token available for all meme coin fans in presale. Advertised as the baller’s meme coin that will allow you to “get gangsta in the crypto market” and pimp your money game to the highest level, the $THUG token is another excellent investment option.
The presale went live just a few days ago and has already entered phase two, raising over $330K sooner than expected. The first $120K was raised in less than 24 hours, an impressive achievement for any cryptocurrency presale. The presale will end once the platform raises $2 million, so hurry up and invest before all $THUG tokens are sold.
The Thug Life Token features Snoop Dogg in most Tweets, and if the artist applies, the token will likely explode and result in 100x or higher gains.
ApeCoin is another hugely popular meme coin in the past few years. It works as the utility for the Bored Ape Yacht Club ecosystem, the world’s most famous NFT collection. The APE token is designed to allow easier transactions within the BAYC community, and has since gotten more use in various Web3 platforms covering art, entertainment, and real-world events.
The coin quickly became one of the most popular meme coins on the market. It offers excellent support and belongs to a highly respectable community, and it facilitates transactions in a fully decentralized ecosystem. ApeCoin is now in talks with other platforms and businesses as its looking to add more real-world use cases to the token, which makes it an excellent long-term investment option. All price predictions say that the token will keep growing steadily in the next few years, so it’s definitely one of the best meme coins to invest in in 2023.
The meme coin market is growing, with new additions going live almost daily. It’s hard to say if SHIB 2.0 has what it takes to match its predecessor, as the presale is not as successful as everyone hoped. However, while many newly released platforms struggle to attract investors, Wall Street Memes and the Thug Life token presales are quickly raising a lot of money. So jump on the train and watch your investment grow exponentially in the future.