Many investors made millions of dollars by investing in dog-themed coins like Shiba Inu (SHIB) and Dogecoin (DOGE) while their market caps were very low.
Kitty Queen Coin (KITQUE), a cat-themed Solana memecoin that was launched on 12 April, is set to deliver explosive gains to early investors.
KITQUE, which currently trades on decentralized exchanges like Raydium and Jupiter, has a maximum supply of 5 billion tokens and it has a market cap of around $9,000.
Kitty Queen Coin is currently trading at $0.00000184, after rallying 58% in the one hour since it was launched.
Its market cap is forecast to rally another 5,500% in the next seven days and breach the $500,000 mark.
This would allow early investors to turn a few hundred dollars into around $20,000 – and there would be plenty more explosive upside potential after that, with listings on centralized exchanges set to cause KITQUE’s market cap to blow past the $2mn-$4mn range in the short term.
As for Kitty Queen Coin’s long-term prospects, its ability to reach a market cap of $50 million or more will be dependent on how many investors flock to the project and choose to hold their tokens, instead of taking profits after generating 50x-200x returns.
Many experienced memecoin investors, including those who generated huge profits by investing early on in Shiba Inu (SHIB) and Dogecoin (DOGE), are set to pour funds into Kitty Queen Coin (contract address: F6LdtNP9zThSuCwdweAGqngC9XufhDfMYjFio3mWZT9e).
This is because this newly launched memecoin has much more potential for further growth than SHIB and DOGE, as those tokens already have market caps in the billions of dollars.
However, SHIB and DOGE still have room to surge 100%-300% during the next 6-12 months, so they are still potentially more lucrative than other, more traditional investments.
