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This year’s bull market undoubtedly belongs to memecoins. They are achieving extraordinarily high increases. For these types of projects, it is best to focus on those that are building a strong community around them, providing a solid foundation for further growth.
This article will describe 3 memecoins worth watching in June 2024.
Eddie Seal ($EDSE)
Marketcap: 362k USD
Eddie Seal ($EDSE) is a Solana based memecoin. EDSE has been on an upward trend for the past two weeks. It increased its market capitalization from around $20,000 to the current $362,000 in less than a week. This success is due to regular postings of animations and memes, an engaged community, and a well-organized team. Another notable point is the relatively high liquidity-to-marketcap ratio. The strategy adopted by the Eddie Seal team is similar to the PONKE project, which exceeded a valuation of $300 million through regular postings of animations.
About $EDSE:
Dogwifhat ($WIF)
Marketcap: 3.5 bln USD
Dogwifhat (WIF) was created at the end of 2023 and is also based on the Solana blockchain. The token, which originally cost $0.000013, quickly gained prominence and became one of the most popular meme coins, following in the footsteps of Dogecoin and Shiba Inu. Currently, almost all fundamental analysis indicators, including moving averages and MACD, signal a buy.
About $WIF
SLERF ($SLERF)
Marketcap: 150 mln USD
One of the meme coins attracting community attention is Slerf, whose creator unknowingly burned over $10 million in Solana before its launch. Despite this significant setback, the Slerf project received an enthusiastic response, reaching a market capitalization of $500 million shortly after its launch. Later, the price began to stabilize. Currently, after the price has stabilized, some analysts believe that Slerf has room for further growth.
About $SLERF
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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