Meme coins have burst onto the world stage in 2024.
They’ve emerged from obscurity into the go-to asset class for retail investors.
And with crypto’s next bull rally closing in, now could be the best time to invest for big gains.
With that in mind, here are five meme coins that could explode in August.
Pepe Unchained
On the surface, Pepe Unchained is a Pepe-inspired meme coin. But that’s just the tip of the iceberg.
Beneath that, Pepe Unchained is a real force to be reckoned with.
It is currently in its presale and raising funds to build the first Pepe-themed Ethereum layer 2 blockchain.
The chain will be cheaper and 100x faster than Ethereum.
And there are other key features like a block explorer, a dedicated bridge to Ethereum, and a staking mechanism.
If the popularity of other Ethereum layer 2s is anything to go by, Pepe Unchained could be huge.
Data from L2 suggests that layer 2 activity is at an all-time high.
And Pepe Unchained’s focus on memetic activity makes it an obvious choice for meme coin fans.
The $PEPU presale has raised over $6.5 million so far. That’s a clear nod of approval from traders who will expect big returns after it launches on exchanges.
Mog Coin
While Pepe Unchained is our top pick among low-cap projects, Mog Coin could be the most promising large-cap on the market.
It’s an Ethereum-based joke token and claims to be “the internet’s first culture coin.”
Mog Coin’s mascot is a cat hysterically laughing while pointing at the screen. This icon has become popular on social media and even has a matching emoji.
But that’s not the only reason Mog Coin could explode this month.
The project has been on a tear recently, topping CoinMarketCap’s gainers on Tuesday and still sitting in the top three today.
Such relative strength indicates all eyes are on the project, laying the way for further growth as the market’s value grows.
Moreover, Mog Coin has a lower valuation than its Ethereum-based counterparts like Pepe and Shiba Inu, currently holding a $752 million market cap.
This means its price could more easily rise with less inflowing liquidity.
PlayDoge
For those who like meme coins with utility, PlayDoge is not one to miss.
The project is developing a Play-to-Earn game inspired by the iconic Tamagotchi, which sold over 80 million copies in the 1990s.
PlayDoge carries the nostalgia of the original game while bringing some pivotal upgrades.
Like Tamagotchi, PlayDoge is a pet companion game where users must ensure their pet is happy and healthy.
However, PlayDoge swaps the handheld gaming device for more convenient smartphones. It’ll launch on the App Store and Google Play Store, ensuring widespread accessibility.
And most importantly, PlayDoge users will generate $PLAY tokens for engaging with their pets.
These tokens can be cashed out, used for in-game purchases, or staked.
PlayDoge is currently undergoing a presale and has raised almost $6 million so far.
The current $PLAY presale price is $0.00524, but this will increase in one day.
Pepe
While Pepe has performed exceptionally this year, traders should not be mistaken, it still has significant growth potential.
The project has captured the market’s attention a lot more than leaders Dogecoin and Shiba Inu this year.
While Pepe is up over 700%, DOGE is up 58% and SHIB is up 94%.
With that in mind, it becomes clear which meme coin is the most popular among traders.
So, as the crypto market advances, we could expect Pepe to continue outperforming Dogecoin and Shiba Inu.
And considering it peaked at an $89 billion market cap last cycle, Pepe has massive room for growth with its current $4.7 billion market cap.
Even 10x gains would place Pepe at a significantly lower valuation than Dogecoin’s high.
And here’s the good news: Bitcoin is hovering just below its ATH.
This signals August could be a breakout month for crypto, enabling Pepe to lead another meme coin rally.
Currently, Pepe is trading at $0.00001132, down 3.8% today, down 10% this week, and at breakeven this month.
Base Dawgz
Our last pick of meme coins that could explode in August is Base Dawgz.
This project is unlike anything else on the market.
It launched on the illustrious Base network, which is the brainchild of the leading centralized exchange, Coinbase.
But unlike other Base meme coins, Base Dawgz has harnessed multichain technology to also launch on Ethereum, Solana, BSC, and Avalanche.
That’s a lot of liquidity to tap into.
And here’s another reason it could boom:
Base Dawgz has a referral scheme that rewards users for sending others to its presale.
Resultantly, the community size is snowballing.
This is the foundation for continued price growth once $DAWGZ launches on exchanges.
The project also has a staking mechanism, helping bolster its supply and demand dynamics.
Base Dawgz’s presale is live and has raised $2.7 million so far.
The current $DAWGZ presale price is $0.007061, but this will rise in five days.
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