The post Which Meme Coin Will Hit $1 Billion Market Cap Next – NEIRO, MEW? appeared first on Coinpedia Fintech News
After Popcat became the seventh meme coin to reach a $1 billion market cap, traders are frantically searching for the next 10-figure joke token.
This week, First Neiro on Ethereum ($NEIRO) and cat in a dogs world ($MEW) are two of the strongest prospects, up 52% and 47%, respectively. But which will reach $1 billion first?
NEIRO Might Have an Edge On Binance Listing
Both tokens are on fire as traders reenter the meme coin arena. However, NEIRO’s Binance listing might give it the edge.
Outside of Popcat, $NEIRO and $MEW are the best-performing tokens inside the top 15 meme coins by market cap.
Like Popcat, cat in a dogs world is a Solana-based cat-themed crypto. This has a lot of potential, with many traders beginning to see the ‘cat coin’ sector as undervalued compared to its ‘dog coin’ counterpart.
However, First Neiro on Ethereum also has a bullish outlook. It’s a community-led Ethereum-based token and currently Ethereum’s fourth-largest meme coin.
Ethereum has huge liquidity. $ETH has a $318 million market cap. This means there is plenty of capital that could flow into $NEIRO, particularly given that it is one of the ecosystem’s largest joke tokens.
Moreover, the three Ethereum meme coins that are bigger than $NEIRO (Shiba Inu, Pepe, and Floki) are each worth over $1 billion.
$MEW and $NEIRO have market caps just above $500 million. This means just under a 100% gain is needed to reach $1 billion.
All of this indicates the projects are neck and neck. But from a fundamental standpoint, they’re separated by one thing: $NEIRO’s Binance listing.
This opens NEIRO to Binance’s some 200 million users, many of whom may not have had access otherwise.
Indeed, that swings things $NEIRO favour, but what do the charts say?
Analyst TraderSZ sees $NEIRO hitting $1 billion, noting that it is bouncing off the $500 million market cap support level.
Meanwhile, $MEW has a strong resistance at $0.009, which is just shy of a $1 billion market cap. Analyst Amy.SOL expects MEW’s next rally to push toward $0.00788.
As traders return to meme coins, the future looks bright for both projects. However, First Neiro on Ethereum seemingly has the upper hand here.
But another meme coin showing massive potential is Pepe Unchained. The project is undergoing a presale and has raised $15 million so far.
New Meme Coin With L2 Pepe Unchained Raises $15M, Next 100X Presale?
Pepe Unchained is a Pepe-themed meme coin with its own Ethereum layer 2 blockchain.
‘Pepe Chain’ will be 100x faster and much cheaper to use than Ethereum. It aims to be a home for meme coins, allowing developers to launch tokens and meme coin-related applications.
It will also have core infrastructure such as a dedicated Ethereum bridge, a block explorer, a staking mechanism, and a decentralized exchange.
With a use case that blurs the lines between meme coin and utility coin, it’s no wonder that traders are piling in amid the current market environment.
As to how far it can go, ClayBro from 99Bitcoins says that it “could be one of the best” Pepe-themed tokens.
The analyst underscored that Pepe Unchained stands apart from other Pepe-themed meme coins as the only one with its blockchain.
ClayBro also highlighted that Pepe Unchained is launching developer grants, which essentially pay developers to build on its network. This could expedite its ecosystem growth and, therefore, user adoption.
In a market where most meme coins are interchangeable, Pepe Unchained is set apart by contributing real value to the blockchain industry. That’s why its presale has proved so popular.