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Avalanche is once again on rise the in TVL, as retail traders flock to AVAX meme coins to weather the crypto downturn – in this article, deep-dive and discover the best AVAX meme coins for April 2024.
The old adage within finance and crypto has always been to sell when others are greedy, and be greedy when they’re fearful.
Currently, the market is declining away from extreme greed. Bitcoin tested the $60k level, and now many analysts are predicting that we eventually see $50k.
As a result, the altcoin market is looking extremely bloody and people are capitulating their positions everywhere you look.
Meme coins are holding up better than utility altcoins, which lends credence to the view that memecoin season has legs yet. Another area of the market that is holding up well is the Avalanche ecosystem.
The Avax (Avalanche) chain is showing serious strength in a red market, with its one-day TVL (Total Value Locked) up by 50%. This comes, while the majority of other chains are seeing big outflows.
Best AVAX Meme Coins To Buy To Weather Crypto Downturn
(AVAX TVL)
So let’s get greedy now that everyone is fearful and look at some Avax memecoins that are available at insane discounts and look ready to bounce hard once the market begins recovering.
AVAX Meme Coin #3 – Coq Inu (COQ) – The Juggernaut memecoin on Avalanche
(COQUSD)
Never fade the first mover; Coq Inu (COQ) is just that. It is the face of the meme coin sector on Avalanche, with over 66,000 holders, including multiple AVAX mainnet developers.
It is currently -15% down on the day and -60% down from the all-time high – which it hit around a month ago.
Even with this slide, the Coq Inu market cap is still standing at $175m – suggesting resilience despite the downturn and the potential for up to a 10x move for late-stage investors.
Although the market looks shaky, COQ is still processing over $1m per day in volume and is available on Avalanche DEXs such as TraderJoe. It is also available on many CEXs, Kucoin and Bybit, to name a few.
With TVL on Avalanche picking up and meme coins showing strength for another leg in this bull run, COQ represents good value in this discounted market.
AVAX Meme Coin #2 – Landwolf (WOLF) – The Pepecoin of the Avax network
(WOLFUSD)
From Matt Furies ‘Boys Club book, which gave us Pepe coin, comes Landwolf (WOLF), another of the characters from the story.
You also have Brett, who, being blue, has found a home on the Base chain with the BRETT ticker.
Andy, the yellow character, has launched on blast with the ANDY ticker.
This leaves Landwolf, the red character. And where else was the WOLF ticker going to launch other than the red chain, Avalanche?
WOLF is a popular meme coin on Avax, with many investors hoping for a Pepe-like run once the market recovers.
It is currently down -12% on the day and -70% from its all-time high six weeks ago, with a $13m market cap.
Landwolf is still seeing a respectable volume, over $300k in the past 24 hours – showing demand remains, and the coin is still available on Avalanche via the Trader Joe DEX and even has a CEX listing with MEXC.
Big Red (TD) – Teddybear Meme Coin With a Twist
(TDUSD)
Big Red is an outside, more degen bet on the AVAX meme coin market. Launching only two days ago, the Big Red bear is based on the unofficial Cornell University mascot – and in very unique meme coin fashion, the team is fully doxxed.
They’re taking a very different approach to your average memecoin; the team have registered as an LLC in Florida and announced a partnership with the Cornell Entrepreneurial Program.
In just two days they’ve amassed a dedicated community with over 5,000 holders. Due to their insane momentum since launch, they’re only down -5% on the day and -50% from the all-time high hit on launch day.
The market cap for TD is still extremely small at $7.5m, potentially positioning the project for unhinged growth potential, and the team keeps teasing more huge announcements.
Big Red also just launched on MEXC, which is no small feat in itself, a Tier 2 CEX listing within 48 hours is nothing to be sniffed at.
All Eyes On The Dogeverse: Multichain Crypto Presale Hammers Multi-Million Raise – Here’s Why
With AVAX meme coins in focus and bears pressing on, more investors are training their eyes on Dogeverse (DOGEVERSE).
The multi-chain meme coin is rapidly gaining traction, raising over $5 million in its ongoing presale – available on AVAX.
DOGEVERSE will operate on Ethereum, Polygon, BNB Chain, Solana, Avalanche, and Base, a multichain feature that supporters will drive prices in 2024.
Moreover, holders cite DOGEVERSE’s capped supply of 200 million combined with staking as attractive attributes.
These features will likely create a supply squeeze, progressively lifting prices over time – in addition to viral traction from being the first omnichain Dogecoin.
Get in now for early-bird advantage.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
