The meme coin craze is back with a bang in 2023, driven by the incredible recent success of projects like Pepe Coin, Floki, and Pooh. However, the market is slowing down for no one, with new coins emerging every week that offer exceptional price potential.
Traders have recently been clamoring to buy new tokens AiDoge ($AI) and SpongeBob Token ($SPONGE) – both of which are being touted as the “next big thing” in the meme coin niche after seeing huge growth over the past week.
Investors in Awe of AiDoge’s Unique Use Cases
AiDoge is an innovative meme coin project that has arrived at precisely the right time – given its obvious connection to artificial intelligence (AI) technology.
This “doge-themed” coin is in its presale phase, which has raised a staggering $4.2 million since it kicked off on April 26th. The presale will have 20 total stages, each with an increasing price point, incentivizing investors to get involved as early as possible. Recently, the presale raised $1m in just 24 hours.
The trading community appears buzzed about AiDoge’s prospects, with over 30,000 people following the official Twitter account in less than two weeks.
Not only that, but leading crypto personalities are also looking to get involved.
Prominent YouTuber Jacob Bury, who has over 15,000 subscribers, recently released a six-minute video detailing AiDoge’s prospects.
In this video, Bury highlights that only 25% of the total $AI supply has been reserved for developers. Moreover, this allocation will have a ten-year vesting schedule – meaning the development team cannot instantly sell their tokens upon listing and facilitate a dreaded “rug pull.”
Bury also notes that AiDoge could have a nice potential citing the growing interest in artificial intelligence as one of the critical factors that could influence $AI’s prospects.
$AI Bulls Believe 100x Price Growth is On the Cards?
Naturally, the bullish sentiment from YouTubers like Jacob Bury has sparked enormous interest in AiDoge.com. At the time of writing, more than 18,000 people have joined the project’s Telegram channel to keep track of AiDoge’s growth.
AiDoge’s cutting-edge “meme generator” appears to be a significant driver of investment interest. This meme generator will utilize the latest AI technology to enable users to create hilarious memes using text-based prompts.
In this sense, AiDoge is akin to ChatGPT – but for memes.
This element of the project has also piqued the interest of investors. Crypto Gains, a YouTuber with over 105,000 subscribers, recently highlighted his excitement about the AiDoge ecosystem, noting the low presale token price as a pivotal factor that will likely entice would-be investors.
Crypto Influencers Lavish Praise on SpongeBob Token After 3,000 Pump
However, AiDoge isn’t the only meme coin project that looks likely to explode in May – $SPONGE has also made waves in that regard.
As its name implies, SpongeBob Token is a brand-new meme coin based on the beloved SpongeBob SquarePants character. The project has no direct link to the character’s creators – it’s simply been created as a way for fans to show their admiration.
Unlike AiDoge, $SPONGE is not in its presale phase and was instead directly listed on the Uniswap DEX with no marketing build-up. This low-key approach didn’t hinder $SPONGE, with the token’s price rocketing over 3,000% in a matter of days.
$SPONGE’s success prompted leading crypto influencers to note their appreciation. Hydraze, a Web3 influencer with over 50,000 followers on Twitter, tweeted that he doesn’t “see it stopping anytime soon.”
Another well-known crypto influencer, Captain Clutch, tweeted about $SPONGE’s upcoming CEX listings and stated that the token has “so much further to go.”
This tweet has received nearly 150,000 impressions, highlighting SpongeBob Token’s drawing power.
Could $SPONGE Be the Meme Coin Market Leader in May?
According to CoinMarketCap, $SPONGE now has a market cap of over $24.5 million, based on a total supply of 40.4 billion tokens.
Moreover, there are now 9,700+ $SPONGE holders, per data gathered from Etherscan.io.
These metrics are even more impressive, considering the SpongeBob Token project is less than one week old.
With Pepe Coin slipping from its peak, more and more investors are pondering whether $SPONGE could become the “top dog” in the meme coin market this month.
A recent YouTube video from Jacob Bury highlighted his bullishness on the token, believing that it could 1,000x. If this occurred, it would exceed the returns produced by PEPE.
Michael Wrubel, who has a YouTube channel with over 310,000 subscribers, also has enormous belief in $SPONGE. Wrubel spoke about his $SPONGE position in a recent YouTube video, highlighting how he made $100,000 in profit.
The fact that influencers like Wrubel and Bury are getting in on the act adds massive credibility to SpongeBob Token. Moreover, it also provides beneficial publicity for the project – which could translate to significant price movements.
Ultimately, as the meme coin craze continues to surge forward, projects like AiDoge and SpongeBob Token will continue to garner significant attention.
With AiDoge capitalizing on the popularity of AI technology and SpongeBob Token benefitting from the exponential price movements of similar coins like PEPE, both projects undoubtedly offer enticing opportunities for those seeking the “next big thing” in the meme coin space.
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