A new week only means one thing in the memecoin market: more opportunity. Recently, promising projects have been flooding in, providing massive upside potential to early buyers. Therefore, this article looks at the five best new memecoins to watch this week.
We consider trends, narratives, price, community, utility, and expert opinions. Based on these criteria, our top picks are Dogecoin20, Slothana, cat in a dogs world, Book of Meme, and Brett. Let’s take a closer look at each.
Dogecoin20
Dogecoin20 transcends memecoin norms, ushering in a new paradigm of financial innovation for lasting success and community fulfillment. The project is inspired by market leader Dogecoin, encapsulating its “Do Only Good Everyday Ethos.”
According to its whitepaper, Dogecoin20 will “channel its influence to support charitable initiatives, community projects, and noble causes.”
Simultaneously, the project introduces novel innovations like a Stake-to-Earn mechanism, inviting users to lock their $DOGE20 tokens for passive rewards. Currently, they can earn a 53% APY, but this will decrease as more tokens are staked.
It also boasts a capped supply of 140 billion tokens. In comparison, the original Dogecoin holds an infinite supply, making it susceptible to inflation and price dilution.
Indeed, these factors have skyrocketed Dogecoin20’s notoriety, causing its presale to raise $10 million in its first week. However, traders are now looking ahead to its IEO, set to occur on Doge Day (4/20). This leaves little time for potential buyers to enter the presale.
Slothana
The latest revelation within the memecoin frenzy is Solana-based presales. We first saw Book of Meme and Slerf explode into memecoin stardom after raising $2 million and $10 million in their respective ICOs.
But the newest Solana presale to cause a stir is Slothana. The project raised $10 million in its first two weeks and now looks primed to explode once it launches on exchanges.
Prominent YouTube account 99Bitcoins recently told its 700K followers that Slothana holds 100x potential.
Given the meteoric post-presale success of BOME and SLERF, this would be no surprise.
BOME reached a $1 billion market cap within two days of its IEO, printing countless millionaires in the process. Meanwhile, SLERF eclipsed Ethereum in on-chain trading volume, illustrating an unwavering market appetite for Solana meme coins.
But with such potential, those looking to buy $SLOTH should act quickly. The team has not announced a presale hard cap, meaning the exchange launch could come anytime.
cat in a dogs world
cat in a dogs world is another Solana-based memecoin experiencing immense success lately. The project launched at the end of March and gained near-instant notoriety thanks to its esteemed airdrop.
MEW is trading at $0.004647, down 11% today and 16% this week, but up 162% since CoinMarketCap data began on 26 March.
It holds a $423 million market cap and a $76 million 24-hour trading volume.
While its price retraced recently, this could present a solid entry point for new buyers. One reason is that a strong support zone between $0.004 and $0.0045 is forming, which enhances its bullish outlook.
Adding to its potential, the cat-themed memecoin meta is taking off, with CoinGecko data reporting that two of the top three best-performing meme coins today are cat-themed. Cat in a Dog’s World is the largest cat-themed meme coin by market cap, meaning it could benefit as the niche advances.
Book of Meme
Book of Meme was the first Solana memecoin presale to succeed, reaching a $1 billion market cap and securing a Binance listing just two days after launching. Leading media outlet Bloomberg has also recognized the project, adding to its legitimacy.
Currently, BOME is trading at $0.01454. It is up 1.5% today, down 1.8% this week, and up 1,500% since CoinMarketCap data began on 14 March.
It holds a $800 million market cap and a $353 million 24-hour trading volume. This makes it the seventh-largest meme coin by market cap, but the fifth-largest by trading volume.
These metrics illustrate that BOME is captivating investors’ attention and could lay the way for a bullish trajectory.
Adding to the excitement, Book of Meme’s founder, who goes by Darkfarms on X, is a renowned industry figure, famous for creating Pepe the Frog art. This offers a distinct advantage over most meme coin projects, where the team remains anonymous.
Brett
While the Solana network has been central to the recent memecoin mania, Coinbase’s layer 2 network Base poses stiff competition. Therefore, it is worth watching its leading meme coin, Brett.
Currently, Brett is trading at $0.07985, up 4.1% today, 11.1% this week, and 293% this month. It holds a $679 million market cap and a $19.5 million 24-hour trading volume.
As per its website, Brett is inspired by “the legendary character from Matt Furie’s Boys’ club comic.”
It also notes that Brett is “Pepe’s best friend.”
DeFiLlama shows that Base has eclipsed Ethereum and Arbitrum is 24-hour active addresses today, reflecting a vast market interest.
Analyst and CEO of Because Bitcoin Max Schwartzman speculated that “millions of fresh retail users are coming to base soon” and suggested that Brett would be the go-to purchase.
Another factor hinting at strong potential is that Brett could be first-in-line for a Coinbase listing, considering it is Base’s largest meme coin.
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