The start of October has not been as bullish as many traders hoped, but they continue to search for the next meme coin that could hit a $1 million market cap. Despite fears of potential war between Israel and Iran delaying meme season, October has historically been the best month for major cryptocurrencies. Anticipation of a Federal Reserve-led global monetary policy and easing liquidity conditions could potentially turn October into “uptober” if geopolitics does not interfere. While meme season has not fully arrived yet, traders are eagerly looking for the next coins that could explode in value.
One potential candidate for the next meme coin to hit a $1 million market cap is Tusk the Walrus (TUSK), a meme coin that has been around since mid-August. Although it has struggled in recent weeks, the Tusk community continues to grow with over 1,300 followers on X and more than 500 subscribers on Telegram. With its on-chain activity surging and TVL reaching over $1 billion, Tusk could be on the brink of a new meme season. Another contender is Baby Moo Deng (BABYDENG), a Solana meme coin that recently pulled back after hitting a $5 million market cap. Marketed as the baby version of the successful Moo Deng meme coin, Baby Moo Deng could see significant growth if the next meme coin season arrives.
Nova AI (NOVAI) is another low-cap meme coin that traders are eyeing as a potential candidate to hit a $1 million market cap. The native token of a Base chain-based AI trading bot, Nova AI has seen a 500% increase in the past 24 hours, reaching a market cap of $326,000. While the project is still in its early stages with limited followers, its strong momentum suggests a push towards $1 million could be on the horizon. However, traders must exercise caution as newly launched tokens in the DEX markets are often associated with scams or pump-and-dump schemes.
Crypto All-stars (STARS) is an exciting new meme coin staking protocol that has already reached a $1 million market cap and is on track to hit $2 million in funds raised via its presale. The project’s “MemeVault” has generated significant interest among investors, with holders of major meme coins being able to stake their holdings for a healthy STARS yield. With the appeal of strong yields and the degenerate nature of meme coin traders, STARS has the potential for significant growth. However, traders should be aware that crypto is a high-risk asset class, and they could potentially lose all of their capital.
In conclusion, the search for the next meme coin to hit a $1 million market cap continues as traders explore various low-cap coins with the potential for explosive growth. Tusk the Walrus, Baby Moo Deng, Nova AI, and Crypto All-stars are among the coins being closely watched by traders for their potential to make significant gains in the upcoming meme season. However, traders must exercise caution and conduct thorough research before investing in any meme coins, as the market is volatile and prone to scams and pump-and-dump schemes.
