BONGOCAT coin price jumps 1500% in 24 hours – what’s happening?
BONGOCAT Chart / Source: DEX ToolsA new meme coin featuring a cat is experiencing a sudden, steep increase in value over the past 24 hours, skyrocketing by over 1,500%.
The price of BONGOCAT is currently trading at mid-$0.26, which is almost 400 times higher than its initial listing price on decentralized exchanges on Thursday, which was around $0.00065.
According to the BSC Chain-based meme coin’s website, the project aims to “create a strong community of diamond hands who will all prosper from the project’s success.”
Despite the impressive surge in price, the market capitalization of BONGOCAT is still only around $240,000. Therefore, there is a potential for 10 or even 20-fold gains if the meme coin continues to gain popularity.
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At least in the short term, the predictions for the price of BONGOCAT may remain optimistic.
Alternatives to BONGOCAT to Consider – AiDoge (AI)
Although BONGOCAT’s early price action since its launch is impressive, it is highly likely that the crypto token will end up as just another pump and dump, like so many fellow meme coins before it.
This is because the project currently lacks any real utility.
The project’s website states that a play-to-earn (P2E) game will be released at the end of Q4 2023. However, the project does not provide much detail on how this game will work. Therefore, it should be assumed that the roadmap is all talk until proven otherwise.
Investors who are looking for a small-cap crypto gem should instead look for projects that have a proper, doxed team-building crypto project with a credible use case and roadmap.
Investing early in crypto token presales being run by highly promising web3 start-ups has proven time and time again to be one of the most effective way to generate high returns. But there are so many presale projects to choose from.
Fortunately, the team at blockchain.com spends a significant amount of time combing through the presale market to find the best projects.
Currently, the team is interested in AiDoge (AI) because it combines meme and artificial intelligence (AI) virality with a real, solid use case. The web3 meme coin start-up is building a fun AI-powered meme-generating tool and social media platform and could be the next token to explode.
Meme-to-Earn with AiDoge – Invest in the Presale Now
AiDoge is building a platform where users can generate memes using breakthrough generative AI technology, before sharing them with the AiDoge community via the platform’s public wall.
The creators of the most popular memes will be rewarded with AiDoge’s native $AI token, meaning that AiDoge is bringing the concept of “Meme-to-Earn” (M2E) into reality.
AiDoge has been conducting a public presale of its native $AI token to fund the development of its platform.
Investors should move quickly whilst they can still secure the token, with the presale now coming close to selling out.
The AiDoge presale recently surged past $14.6 million and will end when it hits $14.9 million, which could be hit by the end of the day.
Visit AiDoge Here
