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SPX6900 has skyrocketed 130% in a week, prompting traders to explore other meme coins like Crypto All-Stars, Skibidi Toilet, and Jesus Coin that could also explode.
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SPX6900 is surging with a 130% pump this week.
Analysts are saying there are more gains to come, but what other meme coins might also explode?
Trader targets $7B market cap after SPX breaks 1-year range
SPX6900 is up over 3,200% this month, but almost another 10x may be on the horizon.
It’s currently trading at $0.8661, up 1.45% today and 130% this week.
It has an $806 million market cap, making it the 205th largest cryptocurrency.
A meme coin trader who goes by Kimz is eyeing SPX as the potential “next Pepe.”
He noted that it saw a 26x rally after breaking a 1-year resistance but suggests it has room for much more growth.
According to Kimz, this is helped by rising star influencer Murad backing it.
Specifically, Kimz eyes a $7 billion market cap for SPX6900, marking a 768% gain from its current price.
Meanwhile, a popular trader who goes by Michael targets $4 for SPX, noting that it is trading inside an ascending channel and preparing for its fifth Elliot Wave.
This would place it just above a $4 billion market cap, similar to Pepe’s peak.
That said, traders should also consider the unprecedented gains that SPX6900 has already incurred this month.
As reported by Lookonchain, some early investors have started to take profits, having already generated huge sums of cash.
This selling pressure could suppress SPX6900’s upside and potentially lead to a cooling off and distribution period – at least in the short term.
Traders who got in early to SPX6900 may now look to reallocate profits into newer meme coins, which could yield similar early-stage gains.
Let’s look at three meme coins that fit that criteria.
Crypto All-Stars
Crypto All-Stars stands out from every other meme coin on the market.
That’s because it’s creating the world’s first unified meme coin-staking app.
Picture this: meme coin prices are soaring, but at the same time, investors are compounding their gains by staking them using Crypto All-Stars.
By locking up Dogecoin, Shiba Inu, Pepe, and more, investors receive STARS rewards.
The project will begin by supporting 11 top meme coins, but it can add more later. This will allow it to stay updated with the latest industry trends, such as SPX6900, for example.
Crypto All-Stars is currently undergoing a presale, enabling investors to buy in at a ground floor price.
The presale has raised $2.2 million so far, generating huge excitement. Analyst ClayBro recently told traders to “prepare for 67x gains.”
The current Crypto All-Stars presale price is $0.0015007, but this will rise throughout the campaign.
Skibidi Toilet
In recent weeks, a new phenomenon has occurred in the meme coin domain: users are shifting away from animal coins. New categories such as culture, parody, success, masculinity, and countries are emerging.
However, one of the strongest performers this week has been Skibidi Toilet, a new meme coin paying homage to a viral animated series on YouTube.
The series was released in February 2023, and the SKBDI meme coin was launched in July.
As traders shift away from animal meme coins, Skibidi Toilet is garnering attention thanks to its relation to a recent viral internet trend.
Currently, SKBDI is the top gainer amongst meme coins, pumping by 336% this week and 1,200% this month, illustrating significant bullish momentum.
However, with a market cap of $51 million, there remains lots of room for growth.
Jesus Coin
Jesus Coin is another joke token that deviates from the animal coin meta. Like Skibidi Coin and SPX6900, the project is also experiencing significant gains this week, up 99%.
It’s currently trading at $0.0000002237 and holds a $33 million market cap.
These non-animal coins are performing so well because meme coin influencer Murad predicted that “movement coins” would be the biggest gainers.
Murad has also noted that the strongest meme coins will be those with “cult followings,” and even comparing them to religions. Given Jesus Coin’s obvious religious inspirations, it’s clear why some traders are betting on it.
The project’s website leads with, “The mission of Jesus Coin is to influence culture and be a light in darker places.”
It’s the first time a religion-focused crypto has garnered mainstream awareness. It could undoubtedly unfold into explosive gains in the coming weeks.
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This article first appeared at crypto.news
