Proving that a strong combination of memetic appeal and utility can attract significant interest, MemeCore (M) has delivered triple-digit gains since August. However, buying pressure is slowly getting exhausted, resulting in a 4.4% drop today for the now fourth-largest meme coin.<\/p>\n
With the broader market showing strength this week, experts believe other utility-driven tokens will soon follow in M\u2019s footsteps. This bullish sentiment is reinforced by the CoinMarketCap Altcoin Season indicator score of 70, which signals that low-cap utility tokens could soon take the spotlight.<\/p>\n
As MemeCore\u2019s rally cools down, all eyes are now on three presales that appear ready to achieve explosive debuts. Let\u2019s examine the tokens that leading analysts expect to match or potentially surpass M\u2019s recent gains.<\/p>\n
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.<\/strong><\/em><\/span><\/p>\n Skyrocketing from $0.42 on August 17th to $2.415 today, MemeCore is one of crypto\u2019s recent top gainers. Following the massive surge, the token boasts a $2.51 billion market cap, making it the 49th largest cryptocurrency today.<\/p>\n However, the token faced several rejections around the $2.5 resistance level this week, finding support at the $2.41 line. This makes $2.41 a level to watch closely, as dipping below it could signal that sellers are maintaining control.<\/p>\n Losing the support it is currently retesting could set M on a path to $2.31. Traders seem to expect this outcome, as the token\u2019s long\/short ratio of 0.51 suggests. It underscores that every two in three traders are holding short M positions in anticipation of a short-term dip.<\/p>\n In response, MemeCore is preparing to introduce a buyback program to its ecosystem, which could help drive its token\u2019s value. The program is set to debut alongside the Meme Perp DEX, which will use 80% of its fees to fuel the buybacks.<\/p>\n With M at the forefront of its growing \u201cMeme 2.0\u201d Layer 1 ecosystem, this could help it rebound following the downturn. However, MemeCore\u2019s relatively low daily user count tempers expectations, as it may not have a large enough impact to help M achieve tremendous gains again.<\/p>\n That\u2019s why investors are already seeking alternatives among emerging community-driven utility tokens that are yet to realize their full potential.<\/p>\n While MemeCore focuses on providing utility to those using its Layer 1 network, Best Wallet strives to serve a much wider audience. Its Best DEX feature already aggregates data from over 90 blockchains, 330 DEXs, and 30 bridges, offering competitive fees.<\/p>\n Best Wallet incorporates multi-chain wallet support and robust security \u2013 and it also launched the presale for its utility token earlier this year. Best Wallet Token<\/a> is designed to enhance the platform\u2019s existing and upcoming features.<\/p>\n Holding BEST will secure lower transaction fees for those using the Best DEX or the wallet\u2019s upcoming crypto debit card. Plus, its holders will enjoy governance rights, exclusive early access to emerging presales, and higher staking rewards \u2013 including a dynamic 83% APY for staking BEST.<\/p>\n
\nMemeCore\u2019s Recent Push Made It One of the 50 Largest Cryptos by Market Cap<\/h2>\n
Best Wallet Token (BEST)<\/h2>\n