Dogwifhat (WIF) is struggling to maintain its momentum.
Although the Solana meme coin pumped 24.55% on the weekly chart, it has crashed 10% on the daily chart. The growing traffic to the WienerAI (WAI) presale is posing a challenge to saturated meme coins like Dogwifhat and Pepe this week.
WienerAI Presale Hits the $1M Milestone
Popular crypto analyst PetaByte recently shared an important message with his 70K followers.
WienerAI’s fast-moving presale is a good example of the noticeable shift in the market toward AI narratives. The project just crossed the $1M milestone.
Two key factors pump a meme coin.
The first is the speculative power. Does it have the potential to draw the attention of crypto whales and smart money traders?
The next is the narrative. If it falls in line with a popular narrative, chances are it will become huge.
WienerAI successfully brings together these two elements.
The quirky WienerAI mascot – part dog, part sausage creature with a good boy smile and a long, tubular body – is sure to catch attention.
Then again, there are many meme coins with interesting, hilarious themes. Not all of them go viral.
This is where WienerAI’s AI elements come into the picture. It uses cutting-edge technology to offer some attractive functionalities to token holders.
Once you harness the power of AI for your trading…you'll never look back.
— WienerAI (@WienerDogAI) May 7, 2024
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/VCHlvuoDON
Every Crypto Trader’s Dream Partner
At the heart of it, WienerAI is a trading partner. The AI bot helps traders navigate the volatile crypto landscape with no additional fees. From protection against MEV bots to enabling seamless swaps, WienerAI does it all.
The user-friendly interface allows users to ask any trading-related doubts. The bot is designed to give comprehensive, detailed responses. Especially in a bull market, it will prove to be handy by unearthing opportunities that might escape the eye of inexperienced traders.
Staking Rewards, Community-First Tokenomics, and More Reasons Why WAI Presale is Racing Ahead
WienerAI provides an excellent opportunity for investors to earn passive income. Right from the presale stage, investors can put their tokens to work. The staking APY reduces as more investors join the pool.
Currently, the APY stands at a compelling 733%, while the industry standard is 5% to 7%.
Through staking, WienerAI aims to ensure the long-term stability of its price action. Since 68% of the tokens sold during the presale so far have been staked, $WAI will be less prone to early-stage sell-offs.
To check out the current reward rate, visit the staking dashboard.
The community-centric tokenomics is another key highlight of the project, with 30% of the total token supply set aside for the presale. In addition, 20% of the supply is distributed as staking rewards.
Community rewards get another 20% allocation, while 10% is set aside for exchange liquidity. The remaining 20% goes to marketing campaigns.
The project has also focused on establishing its credibility from an early stage. For example, Coinsult has completed an extensive security audit of the smart contract. The link to the audit report is published on the website for the public.
The Investment Outlook of $WAI
Analysts and industry experts have been sharing promising price outlooks for the project.
For example, YouTuber Jacob Bury believes that WAI could be the next big meme coin. Analyst Cilinix Crypto featured WienerAI among the hottest crypto tokens to buy in May 2024.
Due to its identity as a meme coin as well as an AI crypto, $WAI has large growth potential. It is well-positioned for a top meme coin ranking, possibly outperforming saturated coins like Dogwifhat and Bonk.
Other Meme Coins to Watch in May
If the performance of the meme coin market over the last few weeks is any sign, high-cap meme coins have largely saturated.
Assets like Pepe, Dogwifhat, Bonk, and Shiba Inu are going through ups and downs that lead nowhere.
While experienced traders have been taking advantage of these wild turns, they are proving to be risky for new investors. This is where new projects like WienerAI, Dogeverse, and Sealana (SEAL) enter the picture.
Thanks to their low initial market cap, they leave large room for returns to early investors. Since they are selling for heavily discounted prices in the presale stage, the risk is mitigated to a good extent, too.
Dogeverse is a multichain meme coin sensation that is launching on top six blockchains like Ethereum, BNB Chain, Polygon, Solana, Avalanche and Base. The technical competence of the project, and the flexibility that accompanies it, has sent the presale past the $13M milestone.
Sealana, on the other hand, capitalizes on its iconic theme – the first of its kind.
Sealana and Dogeverse are now available for fixed discounted prices in the presale stage.
