Meme coins have mostly dropped in the past 24 hours, with top names like Pepe (PEPE) and Pudgy Penguins (PENGU) experiencing 3.3% and 7% losses during this period.
Data from CoinMarketCap indicates that the aggregated market cap of this category has gone down by 1.4%, but trading volumes have retreated as the volatility spike that came before and after the Federal Reserve’s meeting this Wednesday has subsided.
In the midst of this downturn, a handful of tokens are performing positively and appear to be resilient to the market’s negative sentiment.
SPX6900 Delivers 10,725% Return in 12 Months
SPX6900 (SPX) is one of those tokens. In the past 24 hours, it has gained 6.8% while the token has delivered a positive return of 27% in the past week.
This token is a parody of the popular S&P 500 index but for meme coins. The token is endorsed by Murad – a crypto investor whose X account is followed by over 700,000 users.
These are My Top 10 Picks for this Cycle, and I am sticking to them. pic.twitter.com/rYucucvBz9
— Murad 💹🧲 (@MustStopMurad) October 12, 2024
The official X account of SPX6900 was suspended recently and that may contribute to its mysticism as anti-system crypto investors may interpret this as evidence that the token is increasingly capturing the attention of powerful players in the financial industry.
In the past year, SPX6900 has delivered gains of 10,725%. Those who bought early once Murad started to promote the token were the first to benefit from its growing popularity.
SPX is already the 8th most valuable meme coin with a market cap of $423 million that may continue to grow as awareness increases.
Shiba Inu (SHIB) Shows Resilience During the Downturn
Shiba Inu (SHIB) is the best-performing meme coin of the top five apart from TRUMP. Since the year started, SHIB has experienced losses of 40.1%, while Dogecoin (DOGE) and PEPE are down 46.8% and 63.3% during this same period.
Shiba Inu also has one of the strongest communities in the meme coin space with millions of followers across multiple social media platforms and a robust – and growing – ecosystem that includes a decentralized exchange, blockchain-based games, and non-fungible tokens (NFTs).
Currently ranked the second-largest meme coin by market cap, SHIB could be among the first tokens to shake off this latest wave of negative sentiment to produce meaningful gains once the market regains its strength.
Meanwhile, a new token has emerged to compensate Bitcoin (BTC) maximalists for keeping the faith that the top crypto will soon reach new heights.
BTC Bull Token (BTCBULL) is the name of a new meme coin that is rapidly becoming one of the best crypto ICOs of the year. Its novel compensation mechanism, which is centered around Bitcoin’s success has helped it raise millions less than two months after its launch.
BTC Bull Token (BTCBULL) Raises $3.9M to Provide Passive Income to BTC Holders
BTC Bull Token (BTCBULL) gives Bitcoin (BTC) holders a chance to earn passive income as the top crypto rises to new all-time highs, as expected this year.
The reward system is simple. For every $25,000 that BTC adds to its price on top of $100,000, a portion of BTCBULL’s circulating supply will be burned. This should foster scarcity and raise the price of the meme coin in the near term.
Meanwhile, for every $50,000 that BTC adds to $100K, BTCBULL holders will receive a direct airdrop of BTC tokens that will go into all eligible wallets via a smart contract.
This blockchain-based compensation mechanism and the details of the BTCBULL project have been audited by two well-reputed security firms – Coinsult and Solid Proof.
At its discounted presale price of $0.00242, analysts agree that BTCBULL’s upside potential is significant as the token will experience significant demand once BTC starts to recover from this recent market pullback.
To buy $BTCBULL, simply head to the BTC Bull Token website and connect your wallet. You can either swap USDT, ETH, or BNB tokens or use a bank card to make your investment.
