The meteoric rise of Dogecoin has turned what started as a joke meme coin into one of the most talked-about cryptocurrencies in the world.
The “Dogecoin mania” that began in 2021 has proven lucrative for savvy investors who were able to invest early and realize profits at the opportune time.
In this article, we explore how a hypothetical purchase of $DOGE could have yielded a crypto fortune before highlighting two new meme coins that many are tipping to produce similar returns.
Dogecoin Produces Meme Coin Magic & Turns Ordinary People into Millionaires
Dogecoin’s astronomical surge in 2021 to become one of the top ten cryptocurrencies on the market was nothing short of mind-blowing.
$DOGE, initially created as a joke based on the “Doge” internet meme, gained legitimacy through celebrity endorsements – most notably from Elon Musk and Mark Cuban.
Naturally, this translated into hype from the crypto community, with Reddit becoming a hotbed for Doge-related discussion.
As a result, between December 2020 and May 2021, the $DOGE price rocketed by over 16,200% – making fortunes for those with the foresight to invest before the bull run.
Hypothetically, an investor who opted to put $10,000 in $DOGE at the end of December 2020 would have seen this initial investment balloon to over $1.6 million by May 2021.
This price rally, fuelled by Reddit hype, turned early backers into fabled “crypto millionaires.”
One of the most prominent examples was the story of Glauber Contessoto, who bought $DOGE when it was only $0.045 – right before Dogecoin’s explosion.
Dogecoin’s epic surge illustrates just how life-changing crypto investing can be for those who are able to identify low-cap coins immediately before their price grows exponentially.
For investors drawn to high-risk, high-reward “moonshots,” $DOGE was clearly the first to deliver genuinely life-changing returns.
Which Other Meme Coins Could Produce Similar Returns?
With Dogecoin’s heyday seemingly behind it, meme coin traders are now looking for alternative coins that could provide similar returns.
Two brand-new coins that could be viable options in this regard are Shibie Coin and Wall Street Memes – both of which have been making headlines due to the early success of their respective presale phases.
Shibie Coin Bursts Into the Meme Coin Space & Nears $100k Raised in 3 Days
First up is Shibie Coin ($SHIBIE) – an innovative meme coin that combines the humor of Shiba Inu ($SHIB) with the iconic design of Barbie.
Shibie Coin brings a bold, provocative persona to the meme coin niche, tapping into the power of pop culture trends.
The project’s whitepaper highlights that the total supply of $SHIBIE is capped at 10 billion tokens, with 60% of these set aside for presale investors.
Presale investors can buy $SHIBIE for the low price of $0.000167 – potentially a discount on the eventual listing price.
This setup has enticed significant early investment, with the Shibie Coin presale raising nearly $100,000 in less than three days.
Additionally, Shibie Coin’s Telegram channel has also seen an explosion of growth – indicating that speculative hype is rapidly building around this new meme token.
Bolstering the hype further is the recent success of other meme coins that have latched onto pop culture themes.
$PEPE is the most evident story, benefiting from the appeal of the Pepe the Frog meme. Yet, there have also been numerous tokens launched on Uniswap with simple branding that has gone on to produce exponential returns.
Early investors will hope $SHIBIE follows a similar trajectory – making this token worth watching in the weeks ahead.
Wall Street Memes Hype Keeps Growing As Presale Raises $20.6m
Another meme coin that’s catching investors’ attention is Wall Street Memes ($WSM).
As its name implies, Wall Street Memes leverages the appeal of the WallStreetBets Reddit subculture, tapping into the power of a colossal retail trader community.
Although Wall Street Memes has no direct connection to r/WallStreetBets, the project does follow a similar approach, posting memes on social media to drive engagement.
This approach has succeeded – helping Wall Street Memes grow a community of over 1.1 million “degens” worldwide.
Unsurprisingly, this community backing has helped the $WSM presale become a considerable success, having raised over $20.6 million thus far.
Would-be investors can purchase $WSM tokens through the presale for $0.0326 ahead of the exchange listings planned for the coming weeks.
The success of Wall Street Memes’ presale, combined with its meme-style branding, has led to much speculation on social media – with YouTube analyst Michael Wrubel believing that $WSM “will make you rich.”
Time will tell whether Wrubel’s prediction comes true, but for now, the hype and engagement around Wall Street Memes point to an exciting future for the project.
Visit Wall Street Memes Presale
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