Akuma Inu (AKUMA), the anime-inspired meme coin, has rocketed 110% in the past 24 hours.
That makes AKUMA one of the hottest cryptos on the market right now.
Meanwhile, Meme Index (MEMEX) is beginning to go viral with its unique approach to meme coin investing – and some investors believe it could also be about to explode.
AKUMA Price Explodes – What’s Behind the Coin’s Rally?
Akuma Inu is blowing up right now.
The coin’s mascot, a fierce black Pomeranian, is taking over the meme coin space – offering something different from other dog-themed tokens.
AKUMA is hosted on the Base network, and its price has more than doubled since yesterday.
The coin is up 336% in the past week alone.
It’s now hovering around $0.0010, and over the last day, spot trading volume has exceeded $5.6 million.
That’s enough to get it a spot on CoinMarketCap’s trending cryptos list.
Not bad for a meme coin that’s still only available on Uniswap and Pancakeswap.
Interestingly, there is no apparent reason why Akuma Inu’s price has climbed in the past 24 hours.
It seems that AKUMA is simply benefiting from traders’ interest in new and unique meme coins, as evidenced by the recent rallies from AI16Z and PENGU.
Akuma Inu & The Bull Run – Is This the Final Stage?
There are mixed conditions in the crypto market right now.
Bitcoin passed $100,000 again yesterday, yet has dropped today, pulling down most major altcoins.
However, this indecisiveness doesn’t seem to have affected AKUMA.
Smaller meme coins like this tend to trade on their own momentum, often rising regardless of broader market trends.
And the coin’s timing might actually be perfect since CryptoQuant analysts believe the bull market is entering its final stages, with a potential peak in early-to-mid 2025.
The Market Has Entered the Later Stages of the Current Bull Cycle
“The long-term trend remains downward, which suggests that the market is likely to reach its cycle peak by Q1 2025, or at the latest by Q2 2025.” – By @DanCoinInvestor
Full post https://t.co/U6eLo2kUOc pic.twitter.com/qkJArfnbRK
— CryptoQuant.com (@cryptoquant_com) January 6, 2025
Meme coins often see their biggest runs around this time of year.
But not everyone expects a market top to approach so soon.
VanEck’s team predicts Bitcoin could surge as high as $180,000 by year-end, while Steno Research expects 2025 to be crypto’s best year ever.
For AKUMA holders, either scenario could spell opportunity – meme coins often thrive during sustained bull runs and in the final stages of a cycle.
Plus, if AKUMA were to be listed on a top-tier CEX like Binance, its recent price action could just be the start of something much bigger.
It’s a meme coin to watch in the days and weeks ahead.
Meme Index Could be the Next Big Meme Coin After Raising Over $2M in Presale
Everyone’s talking about AKUMA, but there’s another meme coin that’s beginning to attract attention: Meme Index.
This project has now raised over $2 million in its presale.
But it’s not just a random meme coin – it’s creating a whole new way for retail traders to invest.
Meme Index will offer four different indexes, each with a unique selection of meme coins.
These indexes are similar to the S&P 500 in how they are structured.
You’ve got a low-risk index with established names, and then there’s a high-risk index for those with more of a risk appetite.
It’s an exciting concept – especially given all the hype around meme coins right now.
If that wasn’t enough, Meme Index also has a built-in staking protocol for the MEMEX token, offering APYs of 1,170%.
No wonder crypto YouTuber Michael Wrubel, who has over 314,000 subscribers, praised the project in a recent video.
Wrubel has a history of talking about presale cryptos before they explode, so his endorsement could be a signal that Meme Index might be on the verge of a breakout.
However, as it stands, the project’s presale is still ongoing.
The team has yet to announce an end date, but investors can grab MEMEX tokens at a discounted price of $0.0149831 each.
So, for those who missed the boat with AKUMA, Meme Index might be the next big opportunity.
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