After dogs, frogs and cats, hippos are now dominating the meme coin space. Investors have printed millions in profits in a span of a few days with Moo Deng (MOODENG), a token inspired by a baby hippopotamus living in Thailand.
In this article, we explain how to buy Moo Deng coin and whether new buyers can still see explosive gains with it.
However, another new meme coin is already stealing the spotlight. A chicken-inspired, utility-driven token Flockerz has raised over $300k in ICO and is being backed as one of the best crypto to buy now.
What Is Moo Deng And Is It Too Late To Buy?
Experts are referring to the current crypto cycle as the meme coin super cycle, with the number of high-upside projects continuing to rise.
Gone are the days when Dogecoin and Shiba Inu used to lead the sector with their explosive growth. The top dog meme coins are now facing stiff competition from newer tokens, inspired by a wide variety of animals.
The latest in the line is Moo Deng. This baby pygmy hippopotamus became an internet sensation after its videos flooded social media.
Not many things better on this earth than Moodeng videos pic.twitter.com/t3WRMONaBg
— Value & Time (@valueandtime) September 30, 2024
Soon, the tiny hippo had its own meme coin. In fact, the Moo Deng coin on Solana reached an all-time high of $322 million earlier this week.
Unsurprisingly, smart money investors have printed generational wealth with the meme coin.
For instance, a trader turned $814 into $9.4 million after the Moo Deng coi soared in valuation.
Imagine buying 5 SOL worth of MooDengLogging off for 2 weeksEnjoying lifeCome back to $9m4 profitsHoly.. pic.twitter.com/AX4aeqp5jT
— ram (@0xRamonos) September 29, 2024
These stories are not uncommon in the meme coin space. Early investment in new meme coins remains one of the best ways for retail investors to create their own rags-to-riches story.
Sidelined investors can still buy the Moo Deng coin through DEXs like Uniswap, Raydium, DEXScreener, etc. Prominent crypto trader Stock Investor, who has nearly 50k YouTube subscribers, has explained the process in detail in his latest video.
Top-tier CEXs like KuCoin have also listed the meme coin on their platforms, while Bybit has hinted at a potential listing.
Moo
— Bybit (@Bybit_Official) September 29, 2024
However, opinions are divided on whether Moo Deng is still one of the best meme coins to buy right now. As such, the meme coin is down over 30% from its all-time high and could see further correction after a new narrative steals the headlines.
There are also multiple projects that are competing to be the top Moo Deng-based meme coin. While the one on Solana is the most popular, another one on Ethereum is also competing for market share.
This could result in a significant drawdown in Moo Deng’s price as investors still have the recent Neiro drama fresh in their minds.
Is New Meme Coin Flockerz The Best Crypto To Buy Now?
As the hippo mania is still going on, chickens are now vying to dominate the meme coin sector.
A new low-cap gem Flockerz (FLOCK) has raised $320k in presale funding and is creating quite a buzz among meme coin enthusiasts.
The flock is flying high! We’ve officially crossed $300K! pic.twitter.com/MsLc5PeoyX
— Flockerz (@FlockerzToken) September 28, 2024
However, FLOCK isn’t an ordinary, utility-less meme coin. Instead, it is realizing the original meme coin dream of achieving true decentralization and returning the power back to the community.
Its vote-to-earn platform does just that. At the core of this project lies Flocktopia, a revolutionary DAO, which allows token holders to make decisions about the project through their vote, while also earning rewards for it.
Additionally, there is also a staking program, which is currently offering an APY of over 7800%.
Unsurprisingly, smart money investors are quick to realize its upside potential. Prominent crypto trader Jacob Bury believes that the project has 10x potential, while the aforementioned crypto YouTuber Stock Investor is also bullish on the project.
Interested buyers can visit the Flockerz presale and use the over-the-counter widget to buy the meme coin.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.