Bonk, Shiba Inu and Dogecoin take off — which other meme coins are worth keeping an eye on in March

The bullish growth of meme coins began after industry leaders — such as Bonk, Shiba Inu, and Dogecoin — experienced extraordinary price rises. For example, BONK is up 40 % from recent lows, while SHIB is up over 90 % (now, though, it's back down again).

While analysts are predicting a promising price movement, traders are looking for alternatives from which they can capitalize during the current bull rally. Experts suggest that the next 4 meme coins are worth keeping an eye on, as their popularity is skyrocketing.

SMOG

While BONK is an enviable crypto asset, there is another contender that is competing for traders' attention. This is the Smog token (SMOG), which caused a big stir in the market immediately after its listing.

This cryptocurrency has gained investor support thanks to a 490 million coin giveaway, which could well be called the largest airdrop on the Solana network. Thus, investors need to purchase and store SMOG to earn points and qualify for the giveaway.

Smog airdrop is being conducted through the Zealy app, which allows market participants to complete daily missions and accumulate points. According to the team, 700,000 missions have already been completed as investors rush to get their share of the upcoming token draw.

SMOG coin features that can stimulate growth:

• Support for two blockchain, Ethereum and Solana, which opens up the asset to more Web3 users.

• SMOG coin holders can move their tokens into the ETH liquidity pool to earn an APY of 42%.

SPONGE V2

Sponge V2 (SPONGEV2) is an ERC-20 token that will replace Sponge V1 in the cryptocurrency market. The original coin reached a market capitalization of $100 million at the peak of its popularity, which brought investors a 100x return. According to analysts, the new asset has the same potential for a quick takeoff.

The Play-to-Earn racing game may help the token grow in value. The game is scheduled to be released at the third stage of the roadmap, right after the coin is listed on exchanges.

Those who already have Sponge V1 tokens can send them to Stacking to earn Sponge V2. Others can purchase them on the project's website. All that is needed is to connect a cryptocurrency wallet and use ETH, MATIC or USDT to complete the purchase.

SPONGEV2 coin features that can stimulate growth:

• Opportunity to earn passive income in Ethereum (185 %) and in Polygon (749 %).

• A planned listing on major exchanges could lead to a sharp rise in the asset.

SCOTTY

Scotty the AI (SCOTTY) cryptocurrency aims to protect the Web3 space with artificial intelligence. This project offers advanced AI-based solutions for fraud detection.

All the actions of Scotty the AI are aimed at reducing risks for investors and increasing security in the blockchain. The platform also monitors transactions, detecting fraud and irregularities in the network.

SCOTTY is the project's own token, which is realized during the pre-sale. Out of a total of 1,734,567,890 coins, 40 % have been allocated to the pre-sale, which has already attracted more than $2.2 million in investments.

What's more, SCOTTY can be sent to steaking for an APY of 120 %. During the current pre-sale round, the coin is priced at $0.00705, but it will rise to $0.01 by the end.

Growth prospects:

• The supply of SCOTTY will be fixed, which could create a shortage, and the value of the token could rise as demand increases.

• Staking will incentivize long-term ownership of the asset.

Meme Kombat

While meme coins are not typically associated with high utility, the new Meme Kombat (MK) token offers numerous revenue opportunities. The team is using artificial intelligence and blockchain to create a battle arena with Play-to-Earn mechanics.

Players need to send MK coins to steaking to engage in virtual battles. There are different modes, and merchants are rewarded with in-game prizes and additional MK coins.

Of the maximum offer of 120 million tokens, 60 million were allocated for the pre-sale, which has almost ended. While waiting for listing on exchanges, investors still have some time to buy the coin at a discount - for $0.279. As history shows, meme coins often rise in price in the first few days of trading.

Future growth is possible due to the following factors:

• MK is needed to participate in the game, so the growing interest in battles may trigger an increase in value.

• Traders can earn high passive income (93 %) and free tokens through the Meme Kombat ecosystem.

• As the number of investments in the cryptosphere increases, the amount of money flowing into MK is likely to increase and the value of the token will rise.

Conclusion

Analysts predict: a bull market for cryptocurrencies will occur in 2024, which is good news for altcoins and meme coins such as SPONGE, SMOG and MK.

Investing in new projects represents a potential opportunity to generate substantial returns. First, investing early allows traders to access tokens at a lower cost compared to their potential. Second, innovations in the industry often attract significant attention from the crypto community, as was the case with SMOG, leading to rapid growth after listing. Finally, successful projects can introduce innovative technologies or solutions to existing problems, as the SCOTTY coin does.

If the new tokens become widespread, their value could increase dramatically, generating substantial returns for early investors.

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Are the above coins worth investing in? What do you think?