The Kekius Maximus meme coin has soared over 90% in 24 hours, following Elon Musk adopting the meme coin’s name on his X profile.
This is the second time Musk has used this meme as he continues to exert influence over the crypto market.
Could Kekius Maximus be set for more gains or do other meme coins offer better potential?
KEKIUS More Than Doubles in Value Following Elon Musk’s Name Change on X
Soaring from a sub-$1 million market cap in December to over $180 million on January 1st, when the token was priced at $0.3958, Kekius Maximus reached its all-time high (ATH) when Elon Musk changed his profile picture and name on X (Twitter) to the token’s mascot.
KEKIUS lost its traction quickly after Elon Musk reverted the name change, dipping to the $0.026 level in early May. However, Elon Musk’s interest in cryptocurrencies hasn’t waned, as early May saw him change his username to “Gorklon Rust,” boosting the value of New XAI Gork (GORK).
On May 16th, Elon decided to adopt the Kekius Maximus name for the second time since December, which saw KEKIUS’s price surge from $0.0262 to $0.0622 in just one hour.
Although KEKIUS is a community-driven token that offers nothing more than memetic appeal, it operates on both Solana and Ethereum, giving it a technological edge over many single-chain tokens.
Since its initial pump, KEKIUS saw its price slide down to the $0.052 level as its Relative Strength Index (RSI) of 77.46 indicates that it entered overbought territory. While that indicates that KEKIUS may face a downturn, investors are now turning to other meme tokens that could be next in line to explode.
Best Meme Coins to Buy
Let’s explore three meme coins that could be next to explode.
MIND of Pepe (MIND)
MIND of Pepe appears ready for an explosive launch as its MIND AI agent continues to attract an organic audience and showcase its blockchain and social media platform analyzing capabilities.
With just two weeks left before the $9 million+ presale wraps up, investors are left with limited time to secure their spot in the MIND AI agent’s early backers list.
Holding the token during the presale will allow them to access the AI agent’s upcoming token-gated terminal, which will provide them with unique, actionable AI-powered insights into market trends and patterns.
Plus, boasting access to a crypto wallet and decentralized applications, the MIND AI agent will deploy its own tokens in the future, informing MIND holders first, which meme coin expert ClayBro is excited about.
The expert encourages his audience to start accumulating MIND of Pepe at its current per-token price of $0.0037515, which is expected to rise as the presale nears its end.
Fartcoin (FARTCOIN)
The Solana-based Fartcoin token enjoys a unique position in the meme coin market as a coin inspired by an AI agent experiment.
Resonating with meme coin investors, its November debut was explosive, as Fartcoin surged from just a fraction of a cent to over $2 by late January.
Over the past few months, Fartcoin has built an entire ecosystem, which helped it transcend the meme coin status with the introduction of FartNFTs and FartSwap. Plus, it embraces decentralized governance with FartDAO, which lets each Fartcoin holder participate in decision making.
Crypto expert Fottis believes FARTCOIN has entered a strong demand zone following its 13.1% dip over the past seven days, expecting it to surge back to its ATH levels by summer after its upcoming consolidation phase ends.
However, he warned his audience that the token could decline to the $0.9 level before its next surge.
Toshi (TOSHI)
Inspired by Coinbase co-founder Brian Armstrong’s cat, Toshi was quickly named the “face of Base,” despite having a smaller market cap than Brett (BRETT).
Although its current price of $0.00071 is a far cry from its late January ATH of $0.002273, Toshi is one of the few meme tokens that entered May 17th while boasting double-digit gains over the week.
More impressively, the surge hasn’t seen its long/short ratio dip below 1, meaning traders are confident it stands a chance to soar further in the short term.
Plus, its 50-day Simple Moving Average (SMA) of $0.000407 stands above its 200-day SMA of $0.000368, forming a Golden Cross, a bullish indicator that often precedes sustained upward momentum.
If buying pressure persists, technical analyst Busyjordy believes Toshi may break out of the upper trendline he identified, expecting it to surge further in the near term.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.
