As the Avalanche Foundation continues its ‘digital culture drive‘ acquisition of new meme coins, retail investors are scrambling to discover which new meme coin they will invest in next.
This article will analyze Avalanche’s current meme coin trends and examine whether an innovative new multichain crypto, Dogeverse, represents the most promising new meme coin at this time.
Avalanche haters how they react when they see JPMorgan, Citi, Fidelity etc to run theirs product on top of Avalanche vs. when they see Avalanche foundation going to adopt Meme coin to take lead on Social vertical. pic.twitter.com/CtrpmRtRvO
— Jony.Sarker.AVAX | (@jonycsarker) December 30, 2023
The Avalanche Foundation’s decision to begin acquiring meme coins sent a shockwave through the crypto community when announced in Q4, 2023.
New Year’s recovery rally saw the Foundation initiate its first few meme coin buys as it initiated its push to become a leading figure in digital culture.
How Are The Avalanche Foundation’s First Meme Coin Buys Performing 3 Months Later?
(AVAXUSDT)
With a clear strategy aiming at popular animal-themed cryptocurrencies, Avalanche’s first picks included dog coin – Kimbo (KIMBO), chicken-themed Coq Inu (COQ), gecko-themed Gecko (GEC), a ‘technology joke’ token (TECH), and homegrown classic Avax has no chill (NOCHILL).
So far, the meme coin purchases have been a huge success for the Avalanche Foundation, with all projects outperforming AVAX price over the past few months.
As the most profitable meme coin investment so far, leading the pack is ‘Avax has No Chill’ (NOCHILL) – which has seen a +10,731% return this year.
This is closely followed by Gecko Inu (GEK), which has achieved an admirable +8,233% gain in the same period.
Strong entries at low market cap rates have bolstered the impressive price pumps. However, it is worth noting that the vote of confidence given by an Avalanche Foundation purchase considerably strengthens the fundamentals of any meme coin project, accelerating growth.
As retail investors scramble to identify the next meme coin to purchase, the reality is that it’s anyone’s guess—however, animal-themed projects with a strong market position available on AVAX stand out as strong candidates.
Could DOGEVERSE Be The Avalanche Foundation’s Next Major Purchase After Going Live on AVAX?
One such example gaining viral traction is the Dogeverse presale, which has recently exploded as retail investors race to participate in what has been labeled the ‘unification of DOGE cross-chain.’
Dogeverse (DOGEVERSE), is a new multi-chain dog-themed meme coin project with an active presale that has currently raised almost $1M in just 48 hours.
The token is deploying its highly anticipated presale across multiple chains, including Ethereum, Avalanche, Base, and Solana – offering broad market appeal in enabling DOGE to be traded cross-chain.
The project’s developer said this approach democratizes access, and anyone can acquire the coin, turbocharging growth – becoming a force across the crypto market
Looking at events in the market, the in-demand Dogeverse presale will likely reap massive benefits as more users flock, searching for potent cross-chain opportunities.
Supporters claim Dogeverse could be the next BONK and BOME, securing a $1 billion market cap in the coming weeks.
Follow Dogeverse on X to get the latest news and connect with the presale community on Telegram.
The post Which New Meme Coin Will Avalanche Foundation Invest In Next? appeared first on Cryptonews.
