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3 meme coins with 100X potential today
Meme coins are seeing gains in the cryptocurrency market following a general recovery as macroeconomic conditions turn positive. The publication of the US consumer price index (IPC) changed this after periods of market fluctuations that saw assets lose tokens.
Meme coins, in particular, are risky assets that see outflows in times of high interest rates as investors shift funds away from risky assets. Falling inflation could mean a potential rate cut by the Federal Reserve which would boost the performance of meme coins. As of this writing, the meme coins market capitalization is up 1% to $56.5 billion today, with some assets showing signs of 100X potential. Here are 3 meme coins with 100X potential today.
DogeBoy (DOGB)
DogeBoy is the top meme coin gainer today with inflows of 117% amid asset rebound. The project experienced a two-week rally reaching 149% recording gains in its market capitalization. Second days since CoinGecko, the asset’s daily trading volume is $191,481. This is quite low, but many believe these numbers could trigger a larger rally.
DOGB’s rise comes as investors begin pouring resources into fairly new projects that lead to more than 100x earnings.
Pepe Trump (PTRUMP)
Pepe Trump is up 74.5% today, trading at 0.006444 in the market. Weekly flows for the asset are also up 12.9% as funds flow into new projects. One of the main talking points about the asset is its name which combines Pepe and Trump. Meme coins like PEPPER has recorded high gains in the market increasing its market capitalization beyond $4.2 billion, becoming the third largest memecoin behind Dogecoin and Shiba Inu.
Trump has had an impact on the market with recent comments ahead of the US presidential election and the release of meme coins like BODEN.
AMATERASU OMIKAMI (OMIKAMI)
With the surge in meme coins, the asset has risen 60.8% and 266% in the last seven days. This shows potential for a 100X if the bulls maintain their dominance, analysts say. Recent flows into crypto assets will increase depending on interest rate decisions by the Fed.
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David is a financial news contributor with 4 years of experience in Blockchain technology and cryptocurrencies. He is interested in learning about emerging technologies and has an eye for the latest news. Staying up to date on trends, David has reported in several niches including regulation, partnerships, cryptocurrencies, stocks, NFTs, etc. Away from the financial markets, David cycles and rides horses.