Three Meme Coins: Maxi Doge, Snorter Token, BullZilla Ride Next Cycle Wave After BAYC Ruling
Three cryptocurrency projects, Maxi Doge, Snorter Token, and BullZilla, have emerged as potential pioneers in the next meme coin cycle following a significant court ruling. The projects, which centre around community, identity, and narrative, may benefit from regulatory leniency due to their focus on non-financial aspects and avoidance of overpromising profits.
The recent ruling on Bored Ape Yacht Club (BAYC) NFTs and ApeCoin has classified these tokens more as digital collectibles and membership access rather than investment contracts. This decision could pave the way for similar projects to operate with less regulatory scrutiny. BullZilla ($BZIL), Maxi Doge ($MAXI), and Snorter Token ($SNORT) could capitalise on this, given their meme coin nature and community-driven focus.
BullZilla, with its engineered scarcity and holder rewards, raised $788K in its presale at $0.00011907 per token. Maxi Doge, representing the lifestyle of the never-sleeping trader, raised $2.7M at $0.0002605 per token. Snorter Token, a trading suite masquerading as a meme coin, raised $4.2M at $0.1069 per token. Despite the significant funds raised, these projects have not explicitly identified their founders or teams, adding to their enigmatic allure.
Maxi Doge, Snorter Token, and BullZilla have positioned themselves as early players in the next meme coin cycle, benefiting from the BAYC ruling's implications. Their focus on community, identity, and narrative, coupled with the absence of explicit profit promises, may help them navigate regulatory challenges. However, their anonymity and the unpredictable nature of the cryptocurrency market pose both intrigue and risk for investors.
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