Turmoil has struck the cryptocurrency market this week, but this presents a lucrative opportunity for traders to get in at low prices.
As the market recovers, meme coins will likely be some of the first and strongest off-the-mark.
Therefore, this article explores five meme coins to watch this week.
Pepe Unchained
Pepe Unchained is a new meme coin currently undergoing a presale.
The project lays claim as the first Pepe-themed cryptocurrency to have its own Ethereum layer 2 blockchain.
This title has garnered massive interest in the community, with the presale’s total raise surging past $2.7 million this week.
Given the broader market’s recent struggle, this is a solid indicator that Pepe Unchained is a meme coin to watch.
The Pepe Unchained blockchain will deliver lower fees and be up to 100x faster than the Ethereum main network.
Think of it like taking a toll road instead of a congested highway.
The blockchain will be centered around meme coins and meme coin-related dApps, which could make it a considerable draw for developers and investors alike.
Adding to the excitement, the project has a staking mechanism with “double the rewards.” Currently, stakers can garner a 692% APY.
With a meme coin allure and cutting-edge utility, Pepe Unchained is pushing far beyond the meme coin norms.
The Pepe Unchained presale is ongoing and currently priced at $0.0083258.
Shiba Inu
Shiba Inu is the second-largest meme coin by market cap and is currently one of the best-performers this week.
Like other meme coins, SHIB is in the red this week, down 6.7%. However, many of its peers are down 20% or more.
This display of relative strength is bullish for SHIB. It reflects high demand and illustrates that investors are accumulating on the market dip.
Like Pepe Unchained, Shiba Inu is a utility-focused meme coin.
It has an Ethereum layer 2 blockchain and other utilities, such as a metaverse, a decentralized exchange, and NFTs.
Given its $9.5 billion market cap, SHIB’s upside is limited compared to Pepe Unchained’s. That said, its recent performance indicates that it holds significant growth potential.
Shiba Inu is currently trading at $0.00001616, down 1.5% today, 6.7% this week, and 32% this month.
WienerAI
WienerAI is another utility-focused meme coin in its presale.
The project intertwines the contagious hype of AI with a meme coin allure, providing unprecedented viral potential.
Since the advent of ChatGPT, AI has entered a golden era. The prices of AI-related stocks like Nvidia have soared exponentially, and a diverse range of AI utilities have emerged.
WienerAI is one of those. The team is developing an AI-powered bot that helps make users better traders.
It works like ChatGPT. Users can ask it questions or layout criteria, and then the bot will scour the market for the best trading opportunities.
And once the user is happy, they can seamlessly make the trade from the WienerAI interface.
The project also boasts a staking mechanism with a 158% APY currently at play.
WienerAI is undergoing a presale and has raised $7.2 million so far.
Currently, investors can buy $WAI for $0.000726, but this price will rise in one day.
Bonk
Bonk is another large-cap meme coin holding relatively firm this week.
According to CoinMarketCap data, Bonk is down 5.8% – a much better performance than its Solana-based peer Dogwifhat, which is down 23%.
Bonk has underperformed Dogwifhat in 2024, but this recent strength could indicate a trend reversal.
Therefore, meme coin traders should keep a close eye on Bonk this week.
Similar to Dogwifhat, Bonk is a no-utility meme coin. Its sole focus is on memetic escapades, something which has worked wonders for many projects, including market leader Dogecoin.
Currently, Bonk is priced at $0.00002255, up 1.5% today, down 5.8% this week, and down 21% this month.
It holds a $1.5 billion market cap and $230 million 24-hour trading volume, up 2.8% today.
Based on its market cap, Bonk is the fifth largest meme coin.
Base Dawgz
Base Dawgz is another meme coin to watch this week. It’s positioned on the Base network, which has gained significant popularity recently.
Led by Brett, the Base ecosystem is thriving, presenting massive growth opportunities for new projects like Base Dawgz.
However, Base Dawgz is far from your everyday meme coin.
The project is leveraging cross-chain technology to launch on Ethereum, Solana, BSC, and Avalanche.
That’s a significant upper hand over other Base meme coins, with $DAWGZ accessible to a huge multi-chain market.
This could attract more investment and also shelter Base Dawgz from the risk of users migrating between blockchains.
With Base Dawgz’s ubiquitous availability, it stands a strong chance of long-term resilience.
Base Dawgz also has features like a refer-and-earn mechanism and staking.
The project is currently in its presale and has raised $2.3 million so far.
Currently, the $DAWGZ presale price is $0.00581, but this will rise in just under one day. As such, potential buyers should act fast.
