After a considerably tough begin to the week, stablecoins, meme cash, and the crypto market typically noticed a glimmer of sunshine yesterday, with the introduction of the Guiding and Establishing Nationwide Innovation for US Stablecoins (GENIUS) Act.
Launched by US senator Invoice Hagerty, the invoice goals to ascertain a regulatory framework for stablecoins. If handed into laws, Tether ($USDT), USD Coin ($USDC), and different secure cash with market caps above the $10B mark would wish to stick to US Federal Reserve laws.
In the meantime, stablecoins with market caps under the $10B threshold can be regulated by the person states.
Hagerty introduced the introduction of GENIUS at yesterday’s White Home press convention on digital property.
On the identical press assembly, AI and crypto adviser David Sacks famous that ‘Stablecoins have the potential to make sure American greenback dominance internationally to extend the utilization of the US greenback digitally because the world’s reserve forex and within the course of create doubtlessly trillions of {dollars} of demand for the US Treasury.’
What Does The GENIUS Act Imply For Stablecoins, Meme Cash, And Different Altcoins
The Trump administration being in assist of stablecoins – or any kind of cryptocurrency for that matter – is sweet information all the best way. And whereas the market has seen a downturn, the group sentiment is bullish.
With costs typically down throughout the board, now’s a superb time to purchase the dip. That’s very true in relation to meme cash, which exploded final 12 months. When you’re considering of investing in meme cash, listed below are 5 which have excessive progress potential.
1. Solaxy ($SOLX) – The First-ever Solana Layer 2 Ecosystem
Solaxy ($SOLX) is grabbing a variety of investor consideration – and for good motive. This meme coin, at the moment in presale, will energy the world’s first-ever Solana Layer 2 ecosystem. Thrilling information certainly.
Not solely will it incorporate Solana’s excellent traits (good velocity and low transaction charges) however it would additionally eliminate the ache factors that plague the Solana blockchain – congestion and failed transactions.
If that’s not sufficient excellent news, it would add much more velocity and scalability to the equation. In all, it means a extremely strong platform for meme cash and dApps.
$SOLX can be a multi-chain token, but one more reason why we’ve got excessive hopes for Solaxy. It’ll exist on each Solana (famend for the most well liked meme cash) and Ethereum, which has a large DeFi and asset tokenization ecosystem.
The Solaxy presale launched in December final 12 months, elevating an $5.8M within the first 5 days alone. That determine now stands at a hefty $18M. A value improve is imminent, however 1 SOLX at the moment prices $0.001626, with 224% staking rewards.
2. Thoughts of Pepe ($MIND) – A Highly effective AI Agent With Invaluable Insights For Token Holders
One other meme coin we’re maintaining a detailed eye on is MIND of Pepe ($MIND). Extra than simply one more iteration of Pepe the Frog, this can be a highly effective AI agent, and the primary meme coin of its type.
The Pepes of the crypto world typically do very effectively for themselves. Take Wall Avenue Pepe ($WEPE), as an illustration – one other Pepe-inspired meme coin at the moment on presale. $WEPU has turn into a phenomenon, having raised near $69.5M (sure, you learn that determine accurately). And because the presale attracts to a detailed, all eyes will likely be on $MIND to see if it follows in $WEPE’s footsteps.
$MIND will arrange autonomous X and different social media accounts, and it’ll use these to amass a follower base and establish upcoming crypto market developments, by the intelligent use of hive-mind evaluation.
AI is the driving pressure behind this meme coin, enabling it to repeatedly be taught and self-evolve. And as $MIND’s influencer standing grows, it would form conversations and achieve beneficial insights, which MIND of Pepe will share completely with $MIND token holders.
MIND of Pepe will even have blockchain entry and the flexibility to launch tokens. And, in fact, $MIND holders can have unique early-bird entry to these.
The MIND of Pepe presale has already raised greater than $5M, and proper now 1 $MIND will value you $0.0032662 (with staking rewards at 444%). To seek out out extra about how one can put money into $MIND utilizing $ETH, $BNB, $USDT, or $USD, check out our information to purchasing $MIND.
3. Meme Index ($MEMEX) – Coin Baskets For Higher Publicity With The Profit Of Diversified Danger
Publicity is the title of the Meme Index ($MEMEX) recreation. The meme coin market exploded final 12 months, however as even the previous week has reminded us, the crypto market is unpredictable. That’s why threat diversification is extremely interesting to buyers, and $MEMEX does simply that.
$MEMEX has 4 meme coin baskets (in one other phrase, indexes) to select from, every with various ranges of volatility.
The Titan Index is the least unstable however with slower rewards. It’s dwelling to $DOGE, $SHIB, $FLOKI, $PEPE, and extra of the highest and better-established meme cash.
Up subsequent is the Moonshot Index, the place you’ll discover meme cash which can be poised to rub shoulders with their counterparts within the Titan basket, however have market caps under $1B. $POPCAT and $PNUT are two of the meme cash on this index.
The Midcap Index, in the meantime, is the place the danger issue is turned up a notch additional. Tokens on this meme coin basket, amongst them $TURBO and $BOME, have appreciable progress potential however, on the identical time, are additionally liable to volatility.
Then, there’s the Frenzy Index, which cranks up the warmth with high-risk tokens which have doubtlessly explosive rewards. Suppose $ZEREBRO, as an illustration. Being Degen territory, nevertheless, this index isn’t for the faint of coronary heart.
$MEMEX holders have the extra advantage of group governance, with capacity to suggest and vote on each the way forward for the undertaking, in addition to which meme cash are within the 4 indexes.
Thus far, Meme Index has raised near $3.4M, and 1 $MEMEX prices $0.0159077, with 687% staking rewards. It gained’t keep that value for lengthy, although, with a value improve set for lower than two days..
4. Fartcoin ($FARTCOIN) – A Humor-centric Meme Coin With Tons Of Potential
When the market takes a tumble, because it lately has, nobody can be blamed for having a superb cry. Nonetheless, a superb chuckle due to Fartcoin ($FARTCOIN) is one other different, one that would effectively repay in the long run.
The premise of Fartcoin is easy – preliminary tokens may very well be claimed by submitting fart jokes and memes. Launched in late 2024 on the Solana blockchain, $FARTCOIN additionally includes a ‘Gasoline Charge’ system, with every transaction accompanied by a digital fart sound.
As for utility? There may be none. But after a CEX itemizing with a $978M market cap, and reaching the $1B market cap milestone in January, who’re we to evaluate?
Like the remainder of the market, Fartcoin has been left bruised by the current downturn.
After an all-time excessive of $2.61 in mid-January, the worth has since plummeted to $0.7015. However with the swings and roundabouts of the crypto market, we expect $FARTCOIN may recuperate, with potential for, forgive the pun, explosive progress.
5. Pudgy Penguins ($PENGU) – The Resilient Meme Coin New To Solana
Technically talking, Pudgy Penguins ($PENGU) isn’t precisely new, having been on the Ethereum blockchain since 2021. However in December final 12 months, in a transfer to increase its group and appeal to new buyers, $PENGU launched on Solana. And it’s been (largely) onwards and upwards ever since then.
Pudgy Penguins is an NFT assortment of 8,888 pudgy little cartoon characters – representing love, happiness, empathy, and compassion, amongst different feelings. However don’t let that ‘awwwww’ issue idiot you – $PENGU packs a punch.
To be truthful, the current downturn of the crypto market has been lower than type to our little penguin good friend. Just below a month in the past, as an illustration, Pudgy Penguins had a $2B+ market cap. That market cap has since dropped to a relatively dismal $820M.
However – and it’s an enormous however – $PENGU has traditionally been a robust performer, and we count on this resilient little meme coin to recuperate in the end. After an all-time excessive of $0.05738 in mid December, it hit an all-time low of $0.01015 two days in the past.
Proper now, $PENGU is up +28.59% on that ATL, at $0.01298. And that value is a rise of 159.63% for the 12 months, in response to CoinMarketCap.
In A Nutshell…
The current ‘commerce wars’ have hit the crypto market onerous. So it’s a aid that the GENIUS Act and different crypto-focused laws is being formalized to the market’s profit. And the present downturn is an efficient time to purchase the dip.
As for the greatest crypto presales, now’s the time to take a position at a low non-public sale value earlier than itemizing. However bear in mind, it’s essential to all the time DYOR earlier than making any funding choice.