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The rise of meme coins has simply taken the crypto world by storm, where coins such as Dogecoin and Shiba Inu capture the imagination of both investors and traders. Normally created as a joke or even community-driven projects, these coins saw explosive growth and massive returns for early adopters. But with so many choices out there, the real question will become how do users recognize the next major meme coin that is on the edge of explosion? Let’s dive into a few potential candidates and what to look for in the next meme coin sensation.

1. What Are Meme Coins?

Meme coins can be defined as cryptocurrencies that find their inception online in the form of internet jokes and memes, and popular support either from communities or celebrity endorsements at times when it goes viral. Unlike traditional cryptocurrencies like Bitcoin and Ethereum that have defined use cases and development goals, meme coins rely so much on so-called social media buzz and hype.

The appeal, however, is that they can be very volatile and very dangerous. Take, for instance, Dogecoin. From this year to date, the currency has increased more than 12,000 per cent online through communities alone and several tweets by high-profile figures such as Elon Musk.

2. Possible Next Big Meme Coin Candidates

Here are some meme coins which have been making much noise and really could be the next big crypto thing:

• PepeCoin (PEPE): This coin, inspired by the very well-known Pepe the Frog internet meme, has been getting immense attention on social media. Community-driven and low in market cap, this might just explode if it catches the right wave of attention.
• Floki Inu (FLOKI): As the name goes, it’s inspired by Elon Musk’s dog. It is another Shiba-themed coin that keeps growing, thanks to the marketing and inherent strong base of community support. TheFloki Inu has some updates coming out, and there might just be a breakout.
  Baby DogeCoin (BabyDoge): As a fork of Dogecoin, the Baby DogeCoin managed to find its place as an alternate Dogecoin while still stealing some of the limelight given towards Dogecoin fans. Due to its large and active community, with continuous shilling in social media, it is easy to pump the price of Baby DogeCoin to a high extent.
• Samoyedcoin [SAMO]: Another meme coin that is gaining a lot of attention on the Solana blockchain, it has gained some momentum in Solana itself; with a very engaged community, Samoyedcoin may just turn out to be the dark horse in this race of meme coins.
• Kishu Inu (KISHU): This is another dog-themed meme coin that, contrary to this fact, has managed to rally behind it a strong community and is firmly on the way to long-term sustainability. A really low price and rising popularity make this project an interesting opportunity for those looking to get into the next big hit.

3. How to Identify the Next Big Meme Coin

Want to find that meme coin ready to explode in value? Here are the largest elements you need to look out for.

• Community Support: More often than not, a coin’s community is its biggest driver of success. Look out for coins with an engaged community on Reddit, Twitter, and Telegram.
• Social Media Presence: Meme coins rely on social media buzz. Coins that have many mentions or are trending high on Twitter, or simply being mentioned by influencers, stand far greater chances of going viral.
• Market Cap and Volume: The lower the market cap with high trading volume, the more room for growth a coin has. Most of these coins are highly volatile but also come with the potential for high returns.
• Celebrity Endorsements: Although they are the least things to depend on solely, coins that feature in the radars of some celebrities or even influential figures see their prices rising at rapid rates. You may also note any shout outs across social media.
• Original Narrative or Branding: A majority of the leading meme coins possess a unique kind of narrative that really just resonates with certain audiences. Be it a direct relation to a super-popular meme, a viral trend, or another kind of specific community—a remarkable story can drive a coin to success.

4. Risks and Considerations

These are very speculative and most meme coins incorporate a large amount of risk into their prospect. Here are some considerations:

• Volatility: Meme coins are known to swing in price violently. The same things that go up quickly can come back down just as fast.
• Lack of Utility: Most meme coins have very little to no real-world utility or underlying technology to back them; thus, they get forced to ride the waves of hype and community sentiment.
• Scams and Rug Pulls: The meme coin space is really high in scams; do your research before investing, as some coins either have no transparency or their devs remain anonymous.

Conclusion

Meme coins are extremely volatile, with a prospect of fast money caked into their future but at huge risks. Therefore, if you’re looking for how to get into the next big meme coin, watch out for community-driven coins with a high level of activity in terms of their social media presence and a rather compelling narrative. Pro tip: Invest only what you can afford to lose, because the meme coin market can be quite unpredictable.

The word on cryptocurrency is growing, and new meme coins will continue to pop up, with some of them hopefully turning into a Dogecoin or Shiba Inu. Staying on top of what’s happening and looking for trends may help you find the very next meme coin that’s going to blow up.