The meme coin market is thriving this week – but it’s not Dogecoin, Shiba Inu, and Pepe that are doing the best.
It’s emerging mid-cap projects like First Neiro On Ethereum and SPX6900. But what will explode next?
NEIRO and SPX Approach $1 Billion Market Caps
First Neiro On Ethereum and SPX6900 are approaching the revered $1 billion market cap milestone this week – but will they reach it?
Starting with First Neiro On Ethereum, it’s currently trading at $0.001979, up 2% today, 36% this week, and 5,484% this month.
It holds an $833 million market cap and a $527 million 24-hour trading volume.
The project has experienced a continued upward ascent since receiving an unexpected Binance listing in September. When Binance listed it, NEIRO was worth just $15 million. Today, it’s the ninth-largest project in the $58 billion meme coin market.
As such, it is receiving significant attention online. Analyst TraderMv expects a $1 billion market cap, saying it will reach it “in the coming hours.”
Taking a higher time frame outlook, analyst Kimz points to a $4 billion market cap, almost a 5x from its current price.
Kimz notes that it recently broke out from a distribution phase, and the previous two times it did that, exponential gains followed.
Moving to SPX6900, it’s currently trading at $0.8129. However, it has sold off 6% today on the back of some early investors taking profits, but it remains up 127% this week and 2,668% this month.
Currently, SPX holds a $756 million market cap and a $81 million 24-hour trading volume, up 18% today.
But with the price already pumping over 25x in one month, some traders anticipate a pullback this week.
Asad is one of them, telling his readers to expect a 40% retracement before the next uptick begins.
Nevertheless, the meteoric pumps of NEIRO and SPX underline the signficant gains that can be achieved with meme coins. With that in mind, let’s explore three others to buy now.
We’ve handpicked these projects based on prices, recent performances, and market trends.
Pepe Unchained
Pepe Unchained is a brand new project which is also the first meme coin with its own blockchain.
It’s undergoing a presale, raising funds to build a Pepe-themed Ethereum layer 2 network.
Imagine trading meme coins and engaging with meme coin-themed dApps from a fast and scalable network connected to Ethereum. It’s a concept causing a storm, especially given the rapid growth of meme coins like SPX and NEIRO.
Pepe Unchained is more than a meme coin. Because of its blockchain, it’s also an infrastructure play that holds price exposure to underlying ecosystem tokens.
Similar to how the Solana price exploded thanks to its meme coins, the $PEPU will rise on the growth of its ecosystem.
The Pepe Unchained team has also announced a developer grants program and said it’s in talks with tier-1 crypto exchanges, paving the way for long-term growth.
Pepe Unchained is currently undergoing a presale, which has raised $19.4 million.
The current $PEPU presale price is $0.00998, but this will rise throughout the campaign.
Slerf
Slerf is a meme coin that made headlines in March of this year when the team raised $10 million via a presale and then accidentally burned the supply.
In any other industry, that would have been enough for everyone to exit the project and never return, but this turned into a selling point for Slerf.
It creates a unique backstory that perfectly encapsulates the rag-tag nature of meme coins.
At its peak, Slerf had a market cap above $440 million and was receiving coverage from mainstream media outlets like Bloomberg.
Hype died down as crypto prices fell and traders de-risked their meme coin positions, but Slerf has started showing strength again this week, pumping 68%.
However, with a $122 million market cap, Slerf remains 82% from its all-time high (ATH). Its recent uptick may be an indication of a trend reversal, signaling an upcoming ascent toward its ATH and beyond.
Myro
Myro is another Solana-based meme coin with a rich history.
The project was one of the early pioneers in the Solana ecosystem, launching in November 2023 when only one SOL meme coin was worth more than $10 million.
Myro was the second-largest Solana meme coin, trailing behind Bonk. It enjoyed notable success through the Q1 bull rally, soaring to highs of a $405 million market cap.
However, like Slerf, its preceding trajectory was bearish.
But now Myro is gathering pace again, pumping 45% this week and 66% this month.
Currently, it is priced at $0.1204, holding a $113 million market cap and a $23 million 24-hour trading volume.
What separates Myro is a strong and vocal community, alongside tangible utilities like a trading bot and an upcoming SocialFi app.
They’ve also created a line of real-life Myro Plushies, which can be purchased with MYRO, SOL, USDC, or bank card.
