It’s been a tough few days for meme coin investors, with Dogecoin (DOGE) and Bonk (BONK) posting significant losses.
However, the pullbacks in DOGE and BONK have created opportunities for an array of low-cap meme coins to surge in their place.
This article takes a closer look at the price action of Dogecoin and Bonk before presenting three under-the-radar tokens that traders believe could be primed for growth.
Dogecoin & Bonk Prices Plummet as Traders Take Profits
DOGE and BONK have both posted two bearish daily closes in a row – and look likely to make it three today.
These meme coins have suffered from high profit-taking following their sharp rallies last week.
Dogecoin has dropped from $0.107 to $0.094, representing a 13% slump.
Meanwhile, Bonk has plummeted almost 30% in the same time frame, now hovering around the $0.0000105 level.
Notably, both meme coins have fallen simultaneously as the broader crypto market has begun to pull back.
This suggests that the recent declines in DOGE and BONK are likely part of a broader market trend rather than anything directly related to them.
Regardless, the bearish momentum experienced by both tokens has led many meme coin investors to question whether their price rallies are officially over.
Which Alternative Meme Coins Could Be Poised to Surge?
Although DOGE and BONK are struggling, investors are still looking for the next big opportunity in the meme coin sector.
Presented below are three alternative meme coins that could have the potential to surge thanks to their unique features and strong community backing.
1. Meme Kombat (MK)
First up is Meme Kombat (MK), which aims to offer a fresh spark in the meme coin space with its unique gaming angle.
Meme Kombat targets the overlap between the growing blockchain gaming market and viral internet memes.
This Ethereum-based fighting game showcases AI-powered battles featuring the mascots of popular meme coins.
Players can bet on match outcomes using Meme Kombat’s native MK token, which also offers attractive 292% APY staking rewards.
With plans to offer new seasons every few months, complete with exciting characters and game modes, Meme Kombat’s team is looking to the future.
Regarding tokenomics, a whopping 50% of the total MK supply has been set aside for presale buyers, ensuring they have a sizable stake in the project’s future.
10% of the total supply will also provide DEX liquidity, which is critical to ensuring a smooth post-presale trading experience.
Meme Kombat has also begun attracting attention from high-profile influencers such as Crypto Tony, who described it as an “innovative new gaming platform designed for hardcore gamers.”
Over $2.9 million has been raised during Meme Kombat’s presale so far, and with plans to launch MK on Uniswap once it concludes, this could be a meme coin project that investors may wish to monitor going forward.
Investors can buy MK tokens for $0.235 through the presale using ETH or USDT.
2. Snek (SNEK)
Next up is Snek (SNEK), a trending meme coin hosted on the Cardano blockchain.
Launched in April 2023, this community-driven token has seen its value spike an impressive 123% in the past month.
This has helped SNEK become Cardano’s second-largest token – surpassing a range of established tokens hosted on the chain.
SNEK is hovering around the $0.00106 level at the time of writing, boasting a market cap of over $75 million.
Though still lacking in utility, SNEK has obtained listings on major exchanges like MEXC and LBank, boosting its accessibility to retail investors.
Additionally, SNEK’s official Twitter account has grown to almost 24,000 followers, driving further hype for the token.
Although SNEK is still outside the top ten meme coins by market cap, its growing stature makes it another under-the-radar token that could be positioned for an exciting few weeks ahead.
3. TokenFi (TOKEN)
Lastly, TokenFi (TOKEN) is a utility-focused meme coin from the team that created the popular Floki Inu (FLOKI) token.
TokenFi’s main aim is to simplify asset tokenization, which is projected to become a $16 trillion industry by 2030.
By offering real-world use cases, TokenFi helps differentiate itself from the masses of meme coins with little (or no) utility.
TOKEN is currently trading for $0.038, having jumped 20% in the past month.
Although TOKEN hasn’t experienced the same level of growth as other low-cap meme coins, its focus on providing utility could be a key factor in its long-term success.
Additionally, TokenFi’s link to Floki Inu adds further credibility, crucial for sustaining investor demand.
With a fully diluted market cap of over $380 million, TOKEN still has enormous room to run, making it another high-potential meme coin that investors may wish to consider.
