Popcat became the seventh memecoin to hit a $1 billion market cap, and traders are looking for the next meme to achieve this milestone.
This week, First Neiro and Cat in a Dogs World are emerging as pretty strong contenders, showing increases of 52% and 47%.
NEIRO + Binance listing = boom
Both tokens are gaining momentum as traders return to the memecoin market, but NEIRO’s listing on Binance may give it an edge over MEW.
Apart from Popcat, both $NEIRO and $MEW are among the top-performing tokens in the memecoin category.
Cat in a Dogs World is based on Solana and features a cat theme, which many traders believe is undervalued compared to the more popular dog-themed coins
First Neiro is an Ethereum-based token that has a positive outlook as well. It is community-driven and currently ranks as Ethereum’s fourth-largest memecoin.
With Ethereum’s liquidity being huge, big pile of capital could flow into $NEIRO, especially since it is one of the largest joke tokens in that ecosystem.
The three Ethereum memecoins larger than NEIRO—Shiba Inu, Pepe, and Floki—are all already valued at over $1 billion.
100% gainz for happiness
Both $MEW and $NEIRO have market caps just above $500 million, meaning they need almost a 100% gain to reach the $1 billion level.
But we know we shouldn’t underestimate the degens and memecoin traders.
Now both projects are closely matched, but NEIRO’s Binance listing gives it a unique advantage by potentially exposing it to Binance’s 200 million users who might not have had access otherwise.
Popular trader and analyst TraderSZ believes that $NEIRO is on track to reach $1 billion, as it appears to be bouncing off the support level of a $500 million market cap.
In contrast, $MEW faces strong resistance at around $0.009, which is just below a $1 billion valuation.
One of the easiest trading charts to understand right now is the $MEW chart. It clearly shows support and resistance areas, along with obvious entry and take-profit points. I'm bullish on it, along with @dollarmoonio both are among the top $SOL memecoins right now
DYOR pic.twitter.com/ACIDdHUw88— Amy.SOL (@Amysolanasol) September 24, 2024
Another analyst, Amy.SOL predicts that MEW’s next rally could push its price toward $0.00788.
Frog frens unite!
Another memecoin gaining attention is Pepe Unchained, which has raised $15 million in its presale.
This Pepe-themed token will operate on its own Ethereum layer 2 blockchain called Pepe Chain, which wants to be lot faster and cheaper than Ethereum.
Pepe Unchained plans to create a space for memecoins by allowing developers to launch their tokens and applications related to memes.
It will also feature essential infrastructure like an Ethereum bridge, block explorer, staking options, and a decentralized exchange. Not bad from a frog, not at all!
