Bitcoin (BTC) is hovering around $119,000 after a brief pullback ahead of the highly anticipated US CPI data announcement. But the broader crypto market’s outlook remains firmly risk-on, with US spot Ethereum ETFs posting a record-breaking daily net inflow of about $1.02 billion on August 11.
That kind of institutional demand tends to kick-start a liquidity cascade, typically first into blue-chip altcoins and then straight into the high-beta meme coin space.
Although meme coins are experiencing slight volatility, the sectors’ total market valuation remains firmly over the $70 million mark. Veteran traders see this phase as the classic quiet before the storm, a period when opportunists load up tokens ahead of the next crypto bull run.
Institutions are already diving in, with NASDAQ-listed firm Safety Shot announcing a historic $25 million treasury allocation of BONK tokens and a revenue-sharing agreement with Bonk.fun. This indicates that meme coins are going mainstream, prompting investors to place big bets before the cycle turns fully bullish.
With the meme coin sector heating up, here are four of the best meme coins to buy before the next leg of the bull cycle begins.
Dogecoin
The top meme coin on our list comes as no surprise. Dogecoin (DOGE) is the original meme crypto that has thrived for years thanks to its cultural appeal and massive community, rather than its utility.
After last week’s double-digit rally toward the $0.24 resistance level, DOGE has cooled off slightly in recent days. Nonetheless, the meme coin is trading well clear of the key support level at $0.22, which is above both the 20-day and 50-day EMAs.
Meanwhile, Dogecoin devs are pushing the meme coin’s first major technical update in years: The OP_CHECKZKP opcode, a proposal that will enable the network to verify zero-knowledge proofs natively. It will open the door to cheaper roll-ups, faster payments, and even basic smart contracts without compromising Dogecoin’s lightweight design.
This fundamental upgrade has encouraged whales to stockpile DOGE during its latest dip. For example, whales bought more than $200 million worth of DOGE on August 9, helping the meme coin hold its $0.22 support level.
If the current support holds, analysts expect a swing back toward the $0.27–$0.29 range in the coming sessions.
TOKEN6900
Next on our list is TOKEN6900 (T6900), a meme coin that’s branding itself as the unruly sequel to SPX6900’s (SPX) record-setting bull run.
SPX has proven that the 69-themed satire of financial markets can mint millionaires, as it has achieved a whopping 65,242,767% return since its all-time low in 2023. And now, TOKEN6900 doubles down on the theme’s absurdity while keeping a far lower entry price.
The T6900 token presale has raised nearly $2 million of its $5 million hard cap, with each token currently priced at $0.006925. However, this price will soon increase in the upcoming presale round.
TOKEN6900 has a fixed supply cap of 930,993,091 tokens, similar to that of SPXs except for one extra token, a playful sign of its superiority. Other than that, T6900 keeps things simple: a fixed supply (no hidden inflation), no roadmap gimmicks, and no fake promises of complex technology.
Like Dogecoin in its infancy and SPX throughout its entire career, T6900 mocks traditional finance as well as meme coins that pretend to be more than entertainment. This candid take on the absurdity of over-the-top finance is driving TOKEN6900’s early-stage appeal and could be the key to its long-term success.
You can also stake T6900 tokens for an annual yield of up to 34% during the presale stage itself. To encourage early participation, the staking APY dynamically decreases as each presale round concludes. Visit TOKEN6900.
Pudgy Penguins
Pudgy Penguins (PENGU) started as an Ethereum NFT collection and has since evolved into a comprehensive brand, featuring toys, viral social media clips, and an upcoming Web3 game. The big news today is that Pudgy won Kraken’s “memecoin showdown,” grabbing a spot for its logo on the Williams Racing F1 car at the Singapore Grand Prix, an exposure most NFT projects can only dream of.
Increased exposure outside of crypto goes hand in hand with PENGU’s technical momentum, as the token has maintained its uptrend, trading at a premium of about 27% over the past month. With the meme coin still around 36% below its all-time high, many traders believe PENGU has the potential for massive upside during the next meme coin rally.
Let’s not forget that Pudgy Penguins has quietly flipped its 2022 near-collapse into a comeback story. CEO Luca Netz says the brand’s plush-toy and retail push is on track to generate about $50 million this year, proving that Pudgy Penguins is evolving into a real-world consumer brand.
The brand’s original NFT collection still commands a floor price of nearly 15 ETH, with 24-hour sales amounting to almost 280 ETH.
Maxi Doge
Last, but not least, we think Maxi Doge (MAXI) is one of the best early-stage meme coins on the market right now. It’s a bodybuilder version of Dogecoin built for traders who live by the mantra “go big or go home.”
Still selling out in presale at just $0.0002515, the MAXI token has already raised over $740,000 in under two weeks since its launch.
Where Dogecoin leans on nostalgia, Maxi Doge injects its branding with pure adrenaline. Its roadmap centers around the plan to partner with futures exchanges, allowing holders to trade MAXI with up to 1,000x leverage.
To support long-term growth, 25% of the meme coin’s total supply is allocated to the Maxi Fund, a pool that’s designed to create new partnerships and fund trading tournaments for the token holders.
A portion of tokens is also reserved for staking rewards, allowing holders to earn daily payouts simply by locking their tokens on the portal. Holders can currently earn a passive reward of up to 384% annually by staking MAXI.
Maxi Doge ultimately aims to harness Dogecoin’s raw energy, but at an earlier and more affordable stage before a highly awaited exchange listing. And if its impressive early presale momentum tells us anything, it’s that there is still a lot of appetite for canine-themed coins in the meme sector. Visit Maxi Doge.
This article is not intended as financial advice. Educational purposes only.
