The Avalanche Foundation is acquiring new meme coins as part of its ‘digital culture drive,’ leading to a frenzy among retail investors trying to determine the next promising meme coin to invest in. The Foundation’s decision to start acquiring meme coins in Q4, 2023, came as a surprise to the crypto community. The New Year’s recovery rally marked the beginning of the Foundation’s move to establish a significant presence in digital culture. The first meme coin buys by the Foundation included popular animal-themed cryptocurrencies like Kimbo (KIMBO), Coq Inu (COQ), Gecko (GEC), TECH, and Avax has no chill (NOCHILL). These purchases have been highly successful, with all projects outperforming AVAX price over the past few months.
Among the meme coin investments made by the Avalanche Foundation, ‘Avax has No Chill’ (NOCHILL) has been the most profitable, with a remarkable +10,731% return this year. Following closely behind is Gecko Inu (GEK) with an impressive +8,233% gain in the same period. The strong entries made at low market cap rates have contributed to the significant price increases. The confidence shown by the Avalanche Foundation in purchasing meme coin projects has strengthened their fundamentals and accelerated growth. Retail investors are now trying to identify the next meme coin to invest in, with animal-themed projects available on AVAX appearing as strong candidates for consideration.
One potential option that has gained significant attention is Dogeverse, a multi-chain dog-themed meme coin project that is experiencing a surge in popularity. Dogeverse (DOGEVERSE) is currently in its active presale phase and has raised almost $1M in just 48 hours. The project is offering its presale on multiple chains, including Ethereum, Avalanche, Base, and Solana, making it attractive to a wide range of investors. The project aims to enable the trading of DOGE cross-chain, which has garnered interest from many in the crypto community. The democratic access to acquiring the coin and the potential for rapid growth have positioned Dogeverse as a project to watch in the coming weeks.
The Dogeverse presale is expected to attract more users seeking cross-chain opportunities, potentially leading to significant benefits for investors. Supporters believe that Dogeverse could follow the footsteps of successful projects like BONK and BOME, reaching a $1 billion market cap in the near future. As retail investors continue to show interest in meme coin investments, projects like Dogeverse offer unique opportunities for growth and potential returns. It is important to note that investing in crypto assets carries a high level of risk, and individuals should exercise caution and conduct thorough research before making investment decisions in this volatile market.
