As the broader crypto market shows signs of notable recovery, memecoins are experiencing significant gains, reflecting investors’ renewed appetite for quick and substantial returns after a period of volatility and price declines.
Crypto analyst Ardizor has listed five memecoins to watch as he anticipates that these assets could yield substantial returns during what he describes as the “biggest bull run” starting in October. According to Ardizor, new bull runs often start with liquidity flowing to established cryptocurrencies like Bitcoin and Ethereum before shifting towards memecoins.
The analyst highlights Sundog, trading at $0.31 with a market cap of approximately $287.7 million, emphasizing its community engagement and inclusive ecosystem. Simon’s Cat on the Binance Smart Chain has also been notable, consistently increasing in price and backed by the well-known Simon’s Cat brand.
Other mentioned tokens include Cate on ETH, which has ties to Dogecoin and embodies a “spirit of adventure and innovation.” Neiro, associated with the Doge meme’s dog Kabosu, captures the essence of internet culture with a market cap of $341 million. Finally, Turbo started as an AI-driven experiment and now thrives as a decentralized, community-led initiative with a market cap of $387 million.
