Traders are upping their risk tolerances and reallocating to memecoins amid the recovering crypto market conditions. Pepe and Floki are leading the way among the top dogs, up 7.8% and 3.3%, respectively.
However, the brewing excitement presents a massive opportunity as prices look set for another leg up.
This article provides the top five memecoins to watch this week. We consider factors like recent performance, tokenomics, use cases, expert opinions, teams, and more.
Based on these criteria, our top picks are Dogeverse, Dogwifhat, Slothana, cat in a dogs world, and Brett. Let’s take a closer look at each.
Top 5 memecoins to watch this week
Dogeverse:
Dogeverse is a multichain memecoin launching on the six hottest smart contract-enabled blockchains, ushering in the next generation of meme coin innovation.
It is currently in its presale and has raised a whopping $9 million so far, signifying a nod of approval from the degen trader community.
However, its novel use case provides a distinct advantage from other meme tokens, protecting it from the flippant migration of users between blockchains.
Dogeverse’s presale has already launched on Ethereum, Base, Polygon, BSC, and Avalanche and will soon launch on Solana.
Another advantage is Dogeverse’s staking mechanism, which incentivizes users to lock up their tokens in exchange for passive rewards. Users can earn a 118% APY, but this decreases as more tokens are staked.
Indeed, the staking mechanism is skewed to reward early adopters, but the presale pricing system operates on the same merit.
The price will incrementally increase throughout the event, so investors should act fast.
Dogwifhat
Dogwifhat led the recent memecoin season, with investors drawn to its simplistic and light-hearted approach. Slogans like “the hat stays on” circulated degen social media communities, but the project went mainstream following a Binance listing.
However, Coinbase recently announced it will list WIF for futures trading on its international exchange for institutional clients, signifying a spot listing on its main exchange may follow.
WIF is currently priced at $3.05, down 3.4% today, 0.1% this week, up 24% this month, and over 1,700% since CoinMarketCap data began in September.
Dogwifhat is the third-largest meme token by market cap, but there is room for a 5x to catch the next-largest, Shiba Inu.
Horse, a prominent trader who recently called for Dogwifhat’s price to retrace, has reentered the memecoin, illustrating that he has switched bullish again.
He wrote, “I bought some more $WIF that I am willing to sit on over the Summer even if we chop.”
Slothana
Slothana is a Solana-based memecoin that witnessed unprecedented presale success, overshadowing that of earlier juggernauts Book of Meme and Slerf.
BOME raised $2 million in its presale, while SLERF raised $10 million. In comparison, Slothana surpassed $10 million in two weeks and is now advancing towards its IEO.
Both BOME and SLERF enjoyed monumental success after launching on exchanges, setting a bullish precedent for $SLOTH.
Adding to the excitement, rumors are circulating that the Smog team is linked to Slothana. Smog soared 100x after launching in February, peaking with over a $200 million market cap.
These whispers are bolstered by the Smog team commenting on Slothana’s first-ever X post within its opening hours of launch.
There are just seven days until the Slothana presale ends. Investors can buy the presale directly from the project’s website or send SOL to its wallet.
Cat in a dogs world
Cat in a dogs world prevailed in late March, initially running an airdrop to Solana memecoin holders. The project soared in popularity, peaking at an $800 million market cap.
While MEW retraced with the broader market, it has enjoyed a strong recovery today, up 9%. This indicates bulls have confidence in the token as it outpaces other meme coins.
MEW currently has a $506 million market cap and a $90 million 24-hour trading volume, down 24% from yesterday.
Its recent display of strength indicates that it could be a leader in the next meme coin rally.
And unlike Dogwifhat, MEW has yet to experience a full memecoin rally because it launched during the previous leg-up. This is especially important given the meme coin market’s appetite for new projects.
Another bullish factor is that MEW is the top cat-themed memecoin. Considering the market’s frivolous nature, a rotation from dog to cat meme coins must not be ruled out.
Brett
Brett is the leading memecoin on Coinbase’s Ethereum layer 2 network, Base. The project launched in March and has enjoyed notable momentum since.
It currently holds a $590 million market cap, with its price down 4.3% today, 1.4% this week, but up 140% this month.
It holds a $15 million 24-hour trading volume, down 12% today.
Brett’s proximity to Coinbase makes it a likely listing candidate in the coming months.
This is amplified by Coinbase listing WIF and PEPE for futures trading soon. If Coinbase users receive those listings well, the platform may look for other on-chain meme coins to list next.
Prominent analysts are also bullish, with Max Schwartman, CEO of Because Bitcoin, recently saying, “Millions of fresh retail users are coming to Base soon.”
Given Brett is the network’s leading memecoin, the analyst believes that it is primed for explosive growth.
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