Meme coins like Dogecoin and Shiba Inu have transformed the crypto landscape in mad rush, making these assets with little to no utility a highly desirable investment opportunity. However, since the market cap of Dogecoin and Shiba Inu is already so high, meme coin investors are looking for lower market cap meme coins that can generate higher yields and generate better returns. Therefore, in this report, we take a look at three meme coins that are still under the $100 million market cap and could promise higher returns compared to Dogecoin and Shiba Inu.
MYRO joins meme coins with potential
The MYRO meme coin has made a name for itself following the success of coins like BONK on the Solana blockchain. The meme coin quickly became a darling of investors, reaching a market cap of over $400 million after listing on Binance Perps.
Since then, however, MYRO has been one of the worst-performing meme coins, eventually falling below the $100 million market cap and now sitting at just under $60 million at the time of writing. Still, this decline in recent months has made it one of the meme coins that could rise sharply after a bounce.
According to CoinGecko data, MYRO is 87% below its all-time high of $0.44. This means that a return to peak levels would represent a nearly 10-fold increase. This gives it higher upside potential compared to companies like Dogecoin and Shiba Inu with a billion dollar market cap.
Kekius Maxiumus joins the ranks of Dogecoin and Shiba Inu
Kekius Maxiumus is another meme coin with a lot of potential and among the coins in this list, it is the only one that has been backed by billionaire Elon Musk. After launching the meme coin in December 2024, Elon Musk changed his X profile picture to the mascot Kekius Maxiumus, causing the price to skyrocket in response.
This puts Kekius Maxiumus in line with companies like Dogecoin, which has received public support from Elon Musk. Although the meme coin has now crashed 80.8% from its all-time high of $0.4011 after Musk did it again.
Cornering Solana Meme Coins with SLERF
The SLERF meme coin is one of the many meme coins that rose to prominence during the legendary Solana run in 2024. However, SLERF has since experienced some twists and turns, causing its market cap to fall below $100 million. However, it is possible that not all hope is lost for this fast riser.
Back in November, the SLERF token was listed on Binance Perps, causing it to rise over 40% in a single day. Currently, the meme coin is 87.6% off its all-time high of $1.30 and has a potential 10-fold increase if it peaks again. With the support of Binance Perps volume, this could be one of the meme coins that ends up outperforming Dogecoin and Shiba Inu in this cycle.
Featured image created with Dall.E, chart from Tradingview.com