We have seen many meme coins in the past that make us question the sanity of crypto investors. The meme coin market is being dumped with DOGE and SHIB knockoffs that scream a serious lack of creativity.
But meme coins that dare to think beyond the established norms have a history of eye-watering returns for investors. Pepe was a trailblazer in that sense. The new theme, based on Matt Furie’s legendary ‘Pepe the Frog’ memes, became a global phenomenon within days of its launch.
Pepe’s days are over and the token loses most of its value. That doesn’t mean meme coin investors are sitting still. They prepare for another explosion. The new meme coin to take the spotlight is $THUG.
The Baller’s meme coin
The value proposition of $THUG is simple:
“Get gangsta in this market and pimp your money game,” the project aims to build wealth for early investors who benefit from the power and speculation of the community.
“Let go of the $THUG fuss: take off straight from crypto! Feel the power of the streets as you roll with the $THUG crew. Our cap represents driving this coin right to the top. With no utility and nothing more than our shared grind, it’s time to support $THUG and strive to get paid,” the website makes clear.
So yeah, it’s mostly hype driven, like most meme coins. In other words, we need to look at the speculative value of the meme coin to analyze its growth potential.
$THUG is a cryptocurrency designed based on the hype surrounding Thug Life Memes. The memes have been very popular for many years and are now an integral part of the internet culture. They have a large fan base, who are also the most responsive to meme coins and Web3 assets in general. For example, Thug Life characters like Snoop Dogg have a history of diving into the NFT market and bringing it into the mainstream. As a result, we can say that $THUG is entering a fertile demographic.
A community-first project
All crypto projects are community oriented. The solidity of a community and its confidence in the project’s vision is essential to its success. In particular, they are at the core of meme coins.
Thug Life Token has paid special attention to building a large community of followers. To give you a better perspective, the project has reserved 70% of the token supply for the public presale. The strategy ensures that the community owns most of the token supply – not the team, not the private investors.
The remaining tokens will be used for marketing campaigns and community rewards. While the first focuses on spreading the project and building the community, the second keeps the community together in the long run.
Most meme coins fade into obscurity over time as they fail to hold the community together and eventually fall apart. To avoid this, Thug Life will launch exciting giveaway contests and sweepstakes from time to time, in addition to various marketing campaigns featuring top crypto influencers and leaders.
Low market capitalization leaves room for big returns
Another interesting feature that has led to the huge hype surrounding $THUG is its low initial market cap. In fact, the presale hard cap is capped at $2,058,000 despite the large presale allocation amounting to 70% of the total token supply.
Since the pre-sale limit is $2 million, the market cap of the token on the listing will be around $3 million. The significantly low number leaves a lot of room for returns for early investors. Even if the token falls short of the $1 billion market cap club, huge returns of 3000% to 4000% await them.
The token presale is progressing at a rapid pace and is taking advantage of these factors. At this rate, it will sell out in a few days, followed by DEX and CEX listings. Be sure to grab the token early on the presale so as not to miss out on the meme coin breakout this month.
You know what time it is. All interactions with these tweets are noted.June 26, 2023
Can wait longer?
If you can wait any longer, Wall Street Memes is another explosive meme coin you can buy right now. Wall Street Memes, widely predicted to be the next 100X crypto, has a larger presale market cap of 30 million. In a few days of its launch, presales have raised $12 million. At this rate, it won’t be long before the token sells out, though not $THUG.
But $WSM has more explosive potential than $THUG, the returns will be worth the wait. The meme coin is backed by one of the largest and most active meme communities in the world of the same name. The Wall Street Memes community consists of 1 million members which gives an edge to the WSM meme coin community.
In addition, Elon Musk has interacted with the WSM community. Given that the tech mogul has been integral to Doge’s rise to stardom, WSM is predicted to follow in his footsteps. Even if Elon Musk doesn’t announce WSM as the next crypto payment for Tesla’s space mission, the token could benefit from the hype.
Not the first venture
WSM is not the first venture of the Wall Street Memes community into the Web 3.0 marketplace. It has proven itself before with the Wall St Bulls collection, which sold out in less than 32 minutes after launch.
The impressive performance has led analysts to predict greater reception for WSM upon launch later this year, taking advantage of the meme coin and meme mania.
The project’s long-term strength also looks good with a robust action plan for community building and expansion. A large portion (30%) of the token supply is earmarked for community rewards and giveaways, the first of which is now live. There’s $50,000 up for grabs to be split among five lucky entrants who complete the tasks listed under the Gleam Contest.
Both $WSM and $THUG are excellent investments right now. Not only because of their unique meme coin themes, but also because of the strength of the community and expansion plans. While $WSM benefits from the support of an already thriving community of over 1 million people, $THUG’s low initial market cap gives it a sharp advantage.
If you are looking for quick returns, $THUG is likely to go live on crypto exchanges soon. But $WSM has greater explosive potential due to its unique placement and the Elon Musk factor. WSM can also give high-cap cryptocurrencies like Dogecoin and Shiba Inu a run for their money.
CaptainAltcoin’s writers and guest writers may or may not have a vested interest in any of the listed projects and companies. None of the content on CaptainAltcoin is investment advice, nor is it a substitute for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com