Meme coins such as Dogecoin and Shiba Inu have transformed the cryptocurrency scene with remarkable surges, turning these assets with minimal to no functional use into a highly sought-after investment avenue. Nevertheless, with the market valuations of Dogecoin and Shiba Inu already considerably elevated, meme coin investors are now focusing on lower-cap meme currencies that possess the potential for higher gains and improved returns. Consequently, in this report, we will examine three meme coins that remain under the $100 million market capitalization threshold that may offer the promise of superior returns compared to Dogecoin and Shiba Inu.
MYRO Enters The Meme Coins Arena With Promise
The MYRO meme currency made its mark on the Solana blockchain, following the success of projects like BONK. It quickly garnered attention from investors, escalating its market cap to over $400 million after securing a listing on Binance perps.
However, since that peak, MYRO has been among the poorest performing meme currencies, ultimately dropping below the $100 million market cap and presently sitting just under $60 million as of this writing. Nonetheless, this downturn over recent months has positioned it among the meme coins that could experience a strong rally after a rebound.
Data from CoinGecko indicates that MYRO is currently 87% lower than its all-time high of $0.44. A return to previous highs would signify nearly a 10x increase. This endows it with greater upside potential when compared to Dogecoin and Shiba Inu, which have billion-dollar market valuations.
Kekius Maxiumus Joins The Ranks Of Dogecoin And Shiba Inu
Kekius Maxiumus stands out as another meme currency with significant promise and, among the coins on this list, it is the only one that has garnered backing from billionaire Elon Musk. Following the meme currency’s inception in December 2024, Elon Musk changed his X profile picture to feature the Kekius Maxiumus mascot, resulting in a dramatic price surge.
This positions Kekius Maxiumus alongside Dogecoin, which has also received public endorsements from Elon Musk. Even though the meme currency has since plummeted 80.8% from its all-time peak of $0.4011 post Musk’s change of his X profile picture, it remains one of the meme coins with the potential to rebound tenfold from this point, particularly if Musk expresses public support for it again.
Dominating Solana Meme Coins With SLERF
The SLERF meme currency is one of the several meme coins that gained traction during the remarkable Solana surge of 2024. Since then, however, SLERF has faced several ups and downs, resulting in its market cap falling beneath $100 million. Still, not all hope may be lost for this rapid riser.
Back in November, the SLERF token was introduced on Binance perps, propelling it over 40% in a single day. Presently, the meme coin is down 87.6% from its all-time high of $1.30, posing a potential for a 10x increase if it recovers to its peak. With Binance Perps backing it, this could be one of the meme currencies that ends up surpassing Dogecoin and Shiba Inu in performance during this cycle.
Featured image crafted with Dall.E, chart sourced from Tradingview.com
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