After a considerably troublesome begin to the week, stablecoins, meme cash, and the crypto market normally 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 determine a regulatory framework for stablecoins. If handed into laws, Tether ($USDT), USD Coin ($USDC), and different steady cash with market caps above the $10B mark would want to stick to US Federal Reserve laws.
In the meantime, stablecoins with market caps beneath the $10B threshold can be regulated by the person states.
Hagerty introduced the introduction of GENIUS at yesterday’s White House press conference on digital assets.
On the identical press assembly, AI and crypto adviser David Sacks famous that ‘Stablecoins have the potential to make sure American greenback dominance internationally to extend the utilization of the US greenback digitally because the world’s reserve forex and within the course of create doubtlessly trillions of {dollars} of demand for the US Treasury.’
What Does The GENIUS Act Imply For Stablecoins, Meme Cash, And Different Altcoins
The Trump administration being in assist of stablecoins – or any sort of cryptocurrency for that matter – is sweet information all the best way. And whereas the market has seen a downturn, the neighborhood sentiment is bullish.
With costs usually down throughout the board, now’s time to purchase the dip. That’s very true with regards to meme cash, which exploded final 12 months. If you happen to’re considering of investing in meme cash, listed here are 5 which have excessive progress potential.
1. Solaxy ($SOLX) – The First-ever Solana Layer 2 Ecosystem
Solaxy ($SOLX) is grabbing lots of investor consideration – and for good purpose. This meme coin, at present 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 pace and low transaction charges) however it should additionally do away with the ache factors that plague the Solana blockchain – congestion and failed transactions.
If that’s not sufficient excellent news, it should add much more pace and scalability to the equation. In all, it means a extremely strong platform for meme cash and dApps.
$SOLX can also be a multi-chain token, but one more reason why we’ve got excessive hopes for Solaxy. It would exist on each Solana (famend for the hottest meme coins) 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 worth improve is imminent, however 1 SOLX at present 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 protecting a detailed eye on is MIND of Pepe ($MIND). Extra than simply one more iteration of Pepe the Frog, this can be a highly effective AI agent, and the primary meme coin of its type.
The Pepes of the crypto world usually do very properly for themselves. Take Wall Street Pepe ($WEPE), as an example – one other Pepe-inspired meme coin at present on presale. $WEPU has change into a phenomenon, having raised near $69.5M (sure, you learn that determine appropriately). 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 determine upcoming crypto market tendencies, via the intelligent use of hive-mind evaluation.
AI is the driving power behind this meme coin, enabling it to constantly study and self-evolve. And as $MIND’s influencer standing grows, it should form conversations and achieve precious 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, after all, $MIND holders may 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 search out out extra about how one can put money into $MIND utilizing $ETH, $BNB, $USDT, or $USD, check out our guide to buying $MIND.
3. Meme Index ($MEMEX) – Coin Baskets For Larger Publicity With The Profit Of Diversified Danger
Publicity is the title of the Meme Index ($MEMEX) sport. 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 risky however with slower rewards. It’s residence 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 might be poised to rub shoulders with their counterparts within the Titan basket, however have market caps beneath $1B. $POPCAT and $PNUT are two of the meme cash on this index.
The Midcap Index, in the meantime, is the place the chance 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 susceptible to volatility.
Then, there’s the Frenzy Index, which cranks up the warmth with high-risk tokens which have doubtlessly explosive rewards. Assume $ZEREBRO, as an example. Being Degen territory, nevertheless, this index just isn’t for the faint of coronary heart.
$MEMEX holders have the extra advantage of neighborhood governance, with potential to suggest and vote on each the way forward for the venture, in addition to which meme cash are within the 4 indexes.
Up to now, Meme Index has raised near $3.4M, and 1 $MEMEX prices $0.0159077, with 687% staking rewards. It gained’t keep that worth for lengthy, although, with a worth improve set for lower than two days..
4. Fartcoin ($FARTCOIN) – A Humor-centric Meme Coin With Heaps Of Potential
When the market takes a tumble, because it not too long ago has, nobody can be blamed for having cry. Nonetheless, giggle due to Fartcoin ($FARTCOIN) is one other different, one that would properly repay in the long run.
The premise of Fartcoin is easy – preliminary tokens could possibly be claimed by submitting fart jokes and memes. Launched in late 2024 on the Solana blockchain, $FARTCOIN additionally contains a ‘Fuel 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 guage?
Like the remainder of the market, Fartcoin has been left bruised by the latest downturn.
After an all-time excessive of $2.61 in mid-January, the value has since plummeted to $0.7015. However with the swings and roundabouts of the crypto market, we predict $FARTCOIN might get better, with potential for, forgive the pun, explosive progress.
5. Pudgy Penguins ($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 neighborhood and appeal to new buyers, $PENGU launched on Solana. And it’s been (principally) 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 honest, the latest downturn of the crypto market has been lower than type to our little penguin good friend. Slightly below a month in the past, as an example, Pudgy Penguins had a $2B+ market cap. That market cap has since dropped to a relatively dismal $820M.
However – and it’s a giant however – $PENGU has traditionally been a robust performer, and we count on this resilient little meme coin to get better 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 worth is a rise of 159.63% for the 12 months, according to CoinMarketCap.
In A Nutshell…
The latest ‘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 effective time to purchase the dip.
As for the best crypto presales, now’s the time to take a position at a low non-public sale worth earlier than itemizing. However keep in mind, it’s vital to at all times DYOR earlier than making any funding choice.