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Bitcoin’s dominance, or BTC’s share of the cryptocurrency market, has increased by 10% over the past 12 months, currently holding over 61% of the global crypto value.
While a high BTC dominance typically indicates investor appetite for lower-risk tokens, it also suggests that certain altcoin sectors, such as meme coins, could be undervalued. With smaller market caps and higher growth opportunities, these tokens can deliver lopsided returns when they gain momentum.
Let’s break down four of the best meme coins to buy as Bitcoin continues to capture market share and altcoins become a value play.
Solaxy (SOLX)
Solaxy (SOLX) is a next-generation Layer 2 (L2) scaling solution for the Solana network, currently in the final phases of its presale. The project has already raised over $55 million, signalling high investor exposure and confidence. It addresses Solana’s congestion problems by eliminating bottlenecks and preventing failed transactions during high-traffic periods.
The native utility token, SOLX, powers the Solaxy L2 network with its multi-chain capabilities. It operates on the two largest meme coin blockchains, Solana and Ethereum, bridging the former’s speed with the latter’s expansive ecosystem and liquidity.
The project has already launched its testnet and is currently working on developing a token launchpad and a DEX that will be deployed on the up-and-coming L2.
The project also offers high-yield staking programs where SOLX holders can lock up their tokens and earn up to 77% annual rewards. Solaxy has reserved 25% of its total token supply for rewarding early supporters for their participation, and more than 15 billion SOLX tokens have been staked.
Borch Crypto, a crypto presale expert, urged interested investors to buy the meme coin while it’s still available at an early-stage discount. The Solaxy presale will conclude in under three days, giving everyone one last chance to secure SOLX tokens at just $0.001766 before the project goes public. Visit Solaxy.
SPX6900 (SPX)
SPX6900 (SPX) is a trending meme coin that was launched in 2023. Over the past month, it has gained over 70% and is currently valued at $1.29 per token. The community-owned token experienced a significant rally in late 2024, when its market capitalization grew by over half a billion dollars in just a few weeks. Today, it’s valued at over $1 billion.
A parody of the S&P 500 stock market index, SPX6900 garnered mass market appeal due to its viral meme narrative and speculative momentum. SPX operates on Ethereum, Solana, and Base, increasing the meme token’s exposure to retail audiences from the largest decentralized ecosystems.
While the meme coin is currently down 15% on the week, investor sentiment remains solid. One analyst on X posted a $1.57 price target on the cryptocurrency, stating a bullish chart pattern in the 30-minute chart.
SPX6900 maintains a top 5 spot among the largest meme coins by market capitalization and experiences a daily trading volume of tens of millions of dollars. It’s also a widely distributed token, featured in major DEXs and CEXs as a speculative token.
Snorter (SNORT)
Snorter (SNORT) is another early-stage meme coin that has achieved a remarkable presale performance so far. The presale project has secured over $1.1 million in investments in just under a month since its launch, with investors looking forward to the project developing the fastest Solana sniper bot on Telegram, called Snorter Bot.
The platform features an all-in-one trading interface, including token swaps, copy trading, and portfolio management – all accessed via Telegram. One of Snorter Bot’s most impressive features is its sub-second sniping speeds, which enable users to secure upcoming tokens before other bots and whales.
SNORT, the native token, is key to unlocking further benefits within the Snorter Bot ecosystem. For one, SNORT holders receive reduced trading discounts, down from 1.5% to just 0.85%, the lowest among other Telegram bots. Those who have SNORT can also stake the token, earning 278% annual rewards.
A 99Bitcoins analyst mentioned that SNORT could capture a significant share of the meme coin market. According to them, it’s a compelling meme coin purchase, especially since Snorter Bot is a crypto trading bot at its core. Visit Snorter.
Fartcoin (FARTCOIN)
Fartcoin (FARTCOIN) is a new AI meme coin built through the Pump.fun token launchpad in October 2024. It’s currently trading at $1.02 per token, the lower bound in its seven-day price range ($1.00 to $1.31). While FARTCOIN is down by over 20% over the last month, its current price presents a buying opportunity, given it has reached a $2.48 all-time high.
Today, Fartcoin is one of the top Solana and AI meme tokens, holding a $1 billion market cap. Based on current estimates, there are a total of 160.53K FARTCOIN holders supporting the cryptocurrency’s price.
After analyzing its recent price action, a crypto expert on X suggested a potential price consolidation would occur within the $1 to $0.9 range, followed by a run-up back to the $2 price level.
FARTCOIN is available on major cryptocurrency exchanges, including both centralized and decentralized platforms. Due to its almost cult-like community and widespread distribution, many analysts believe it could gain traction during the next altcoin cycle.
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