Ethereum (ETH) is the second largest cryptocurrency by market cap, and as a result, it has always seen significant attention from traders and investors. However, after Bitcoin (BTC) ETFs were confirmed, a lot of speculation is now heading toward an Ethereum ETF approval. Based on data from Standard Chartered Bank, the ETFs could be approved by May 23, which has sparked significant hype on X (Twitter) communities in the Web3 space.
Traders who want to accumulate the most wealth during this point in time, in order to maximize their returns, are eyeing meme coins instead, which are based on top of Ethereum. These have historically seen the most significant increases and have provided massive ROI for early investors. Today, we will dive into Ethereum-based meme coins to see why they have a high likelihood of surging in value, and to help traders and investors decide which crypto to invest in.
KangaMoon (KANG)
KangaMoon (KANG) is an upcoming meme coin that will foster a community-driven approach while also integrating unique Social-Fi elements that will enable it to provide fun-filled activities with earning opportunities.
In fact, every challenge that players complete on top of the platform will enable them to earn, and every victory will count and translate into real-world value and rewards. KANG holders will not need to wait until the project launches to earn more tokens, however, and the platform will foster an engaging and vibrant community.
KANG holders will even be able to complete weekly, monthly, and quarterly challenges and are eligible to access special giveaways and other rewards. For those not interested in engaging in other gameplay elements, the opportunity is always there for them to spectate and bet on the outcome of battles to have a higher chance of winning prizes.
Alongside thrilling boxing gameplay, KangaMoon will also introduce Play-to-Earn (P2E) opportunities. Through these, players will be able to earn rare in-game items by winning matches, participating in special events, or completing challenging quests.
The starting price for the KANG crypto was at $0.005; however, now, at Stage 2 of the presale, it’s up to $0.0075. This indicates that early investors got an ROI of 50%, yet new investors can get an even more significant return, as analysts project that the cryptocurrency can spike as much as 100x following its launch and listing on various exchanges.
As a result, meme coin enthusiasts can now monetize their gaming time while also gaining access to a massive community. The smart contract has also been audited by SOLIDProof, and the project is set to change the gaming business by introducing a combination of SocialFi, GameFi, and blockchain. As a result, KANG is seen as the best cryptocurrency to invest in.
Pepe (PEPE)
Pepe (PEPE) is a popular meme coin that has been built on the Ethereum blockchain, which originally appeared in April of 2023. It became one of the most highly-traded cryptocurrencies, which initially blew up in value. The crypto, according to data from the official website, has no intrinsic value or expectation of financial return. However, over a hundred thousand investors have purchased the Pepe crypto so far, and its blown-up value provides them with significant ROI.
Just during the past two weeks, the Pepe price blew up by 36%, which showcases significant upward momentum. With a trading volume of 168 million, it’s clear that a lot of people are accumulating this crypto, especially now that its value is at around $0.000001426. Since it’s all-time low, Pepe is up 5,058.51%, and at this rate, following the launch of the Ethereum ETF, it has the potential to explode in value.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is another cryptocurrency that follows the same token standard and was originally launched by an anonymous founder known as Ryoshi. Similarly to other meme coins, it’s based on the Doge meme, which features the Shiba Inu dog. This cryptocurrency has also been dubbed the “Dogecoin Killer,” and since its launch, it has seen the creation of Shibarium, a Layer-2 scaling solution for Ethereum.
Moreover, according to its whitepaper, it’s a community-based crypto project, and its community is known as the ShibArmy, which is in charge of the development of the cryptocurrency. The Shiba Inu price is at around $0.000009558, and since its all-time low, it has blown up in value by 11,706,053.08%, providing significant ROI for early investors. Yet, following the ETH ETFs, it has the potential to surge even further.
Dogelon Mars (ELON)
Dogelon Mars (ELON) is another Doge-themed cryptocurrency; however, this one was launched in 2021. The team behind the cryptocurrency has designed it as a fair universal currency, and in addition to the meme coin, there are non-fungible tokens (NFTs) that are a part of the ecosystem. Cryptocurrency has built a large, passionate community.
The cryptocurrency’s trading volume has spiked 910% in the past week alone to $16 million, and its value has seen an upswing as well. It’s clear that even today, interest in this Ethereum-based meme coin is massive, and while it does not have the largest market cap on this list, it is poised for significant growth following the launch of Ethereum ETFs.
FLOKI (FLOKI)
FLOKI (FLOKI) is another meme coin. However, it features a vast ecosystem. The FLOKI ecosystem is community-powered. Through it, each person will have full control of their finances through the different ecosystem offerings. For example, there is a Valhalla NFT Metaverse Games, the Floki University educational platform for cryptocurrencies, DeFi features, and a FlokiPlaces NFT collection alongside a Merchandise Marketplace.
With a trading volume of $23 million and a value of $0.00003575, the FLOKI crypto is well-positioned to become another dominant meme coin following the launch of Ethereum ETFs. Moreover, since its all-time low, the FLOKI price has gone up by 42,809.4%. As a result, optimism is currently massive surrounding its future.
