Top 3 Memecoins worth keeping an eye on in July 2024: BONK, TEA, and TrumpCoin

Welcome to Extreme Investor Network, your go-to source for all things related to the stock market, trading, and Wall Street. Today, we are diving into some exciting trends in the world of memecoins and how they are shaping the market in July 2024.

The latest buzz in the legacy memecoin markets indicates a shift towards low-cap and mid-range memes, leaving behind the mega-cap assets like DOGE and SHIB. PEPE has seen a surge to new all-time highs in May 2024, while DOGE and SHIB struggled to gain traction. The recent interest from US-based fund manager VanEck in Solana spot ETFs has caught investors’ attention, potentially directing billions of dollars into the Solana memecoin ecosystem. This could mean big things for memecoins like Dogwifhat (WIF) and BONK, which are on the cusp of a major upswing in July 2024.

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In the chart above, we can see BONK has already experienced a 47% rally since VanEck filed for a spot SOL ETF last week. If positive developments continue, BONK could be a memecoin to watch in the upcoming month.

But that’s not all – a new trend is emerging in the memecoin market with the rise of product memecoins. Unlike the animal-themed memes of the past, these tokens are centered around everyday products, fostering community and offering real-world utility. Tokens like BEER, WATER, and TEA are leading the charge, with TEA combining the elegance of tea culture with the world of cryptocurrency. With 3 million users and a focus on DeFi features and community engagement, TEA has raised over $3.4 million in just 10 minutes post-launch, signaling strong investor interest in the new asset.

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Lastly, political memecoins are making waves with coins like DJT, linked to former U.S. President Donald Trump, gaining traction as his lead widens. These coins provide a unique blend of digital assets and political commentary, reflecting creators’ views on the political landscape.

As the market continues to evolve and new trends emerge, staying informed and being prepared is key to success in the ever-changing world of memecoins. Stay tuned to Extreme Investor Network for the latest updates and analysis on all things stock market, trading, and Wall Street.

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