A crypto token based on a squirrel called Peanut ($PNUT) is seeing amazing growth, potentially making this coin a windfall opportunity for investors to get excited over.
Launched on the Solana blockchain, Peanut is based on a rescued injured squirrel. Her story morphed into a cause for animal rights, but when she was put down due to public health concerns, it became a hot topic just before the election, with Donald Trump and Elon Musk wading into the conversation.
One Tweet By Musk Was Enough For $PNUT to Take Off in Price
The natural progression to a meme coin was made, and after Musk promoted it online, the market cap of the coin shot up from $3M to an eye-watering $140M in only 24 hours.
Since the middle of November, the price has consistently increased, but its value has declined in the past few days by 9.7%, down to $1.11. However, from what we’re seeing, this seems to be an industry-wide downturn and not one specific to $PNUT.
While its future still looks promising, investing in crypto brings no guarantees. Especially a meme coin that seems to owe its staggering growth to a subject that quickly became politicized.
If investing in a squirrel meme coin isn’t your thing, or you just missed the 50x $PNUT, then we have two other potentially profitable and bullish meme coins that are worth looking into.
Here are the new coins with 55x potential we’re keeping our eyes on
Wall Street Pepe
Wall Street Pepe ($WEPE) is aiming to capitalize on the immensely popular Pepe the Frog meme coin, and so far, it seems to be working.
With over $2.5M raised in presale in just a week, Claybro, a popular crypto influencer, also makes some bold price predictions that 2025 will be the year when early investors (those who jump in now in 2024) will see their profits possibly go as high as 500%.
So, if you’re looking for a coin to invest in, Wall Street Pepe has very bullish prospects that bode well for a potentially big return on your money. At only $0.000205 per $WEPE right now, this would be the time to buy.
Crypto All-Stars
Crypto All-Stars ($STARS) is another new meme coin that financial market experts are predicting will shoot up in price at the end of this year and during 2025.
With over $2M in presales and a current price of $0.0034067, $STARS is another meme coin that’s expected to bring something around a 500% leap for investors. Obviously, though, this is a prediction, not a guarantee.
Invest – But Do Your Due Diligence First
Despite all of the positive news you read about $PNUT, $STARS, and $WEPE, we should heavily emphasize the importance of doing your own independent research. We’re not offering financial advice or guarantees.
So before committing your funds, read up on each of these three new altcoins and make your own conclusions.
Source: NewsBTC