Recent weeks have shown difficulty for Shiba Inu (SHIB) and DogWifHat (WIF) to gain traction, while new memecoins have produced enormous gains.
This week saw the birth of Flying Monkey (FLYMONK), a new memecoin on Solana that is expected to make significant gains given the recent decline in popularity of DogWifHat (WIF) and Shiba Inu (SHIB).
As of right now, FLYMONK can only be bought on Solana decentralized exchanges like Raydium; however, listings on centralized exchanges are scheduled for the next few days.
These listings will be extremely bullish for the price of Flying Monkey since they will make the token available to millions more cryptocurrency investors and generate significant inflows, which will drive up the price of the token.
Flying Monkey is expected to soar by 3,600% even before these listings are made public. After that, the company plans to pursue additional increases and eventually aim for a $20 million market cap.
A massive marketing campaign is also scheduled to be unveiled by the developers in an attempt to help the token go viral and possibly take on competitors like DogWifHat and Shiba Inu.
Flying Monkey has the potential to create multimillionaire investors by replicating the success of SHIB and WIF.
It is not unexpected that a lot of cryptocurrency investors are opting to invest in new memecoins like FLYMONK rather than more established altcoins, considering the enormous profit potential these coins provide.
April 2024, Cryptoniteuae