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The ongoing meme coin craze shows no signs of stopping, with Milady ($LADYS) and NoMeme ($NOMEME) being the latest projects to showcase enormous growth.

Having launched yesterday in the wake of Elon Musk’s latest Twitter antics, $NOMEME’s price has already soared by over 850%. This followed the Milady coin pump of over 5,000% in less than 24 hours.

Given the dwindling hype around Pepe Coin and Wojak, crypto investors are pondering if $NOMEME could replicate $LADYS’ growth be the next big thing in the meme coin niche.

Musk Tweet Inspires Milady Maker Comeback

In the afternoon of May 10th, Elon Musk tweeted out a picture of a Milady Maker NFT with the caption, "There is no meme. I love you."

Despite the cryptic nature of the tweet, it didn't stop the crypto community from taking note.

Almost instantly, the floor price of the Milady Maker NFT collection surged on OpenSea, rising from 3.8 ETH to 7.5 ETH.

Not only that, but the trading volume for these NFTs increased exponentially, with 1,388 transactions recorded on May 10th alone – a 1,209% increase from the previous day.

Some of these NFTs are now being sold for more than 7 ETH, which equates to over $12,800 at the time of writing.

Similarly, the Milady ($LADYS) token also surged, with its price up over 5,800% in the last 24 hours. According to Coinmarketcap, the token has a 24 hour trading volume of $211 million and is currently trading at $0.000000126.

Ultimately, this highlights Musk's incredible "power" within the digital assets community. One seemingly pointless tweet can spark price growth in assets that have been forgotten about – but it can also help create brand-new assets, as seen with $NOMEME.

$NOMEME Price Explodes Following Elon’s Latest Meme

NoMeme Token was created just one hour after Elon Musk’s Milady Maker tweet, as eager token developers looked to capitalize on the publicity given to these NFTs.

A basic website was also launched with a Uniswap trading embed, where crypto investors can swap their Ethereum-based (ERC-20) tokens for $NOMEME.

No use cases have been created for the token – it appears it's solely being used to pay homage to the latest Musk-inspired meme.

However, this lack of utility hasn't stopped crypto investors from snatching up $NOMEME tokens at an incredible rate. Within two hours of the token's launch, the price had hit $0.00098 – an 854% increase from the Uniswap launch price.

Moreover, DEXTools.io reports that more than $27 million worth of $NOMEME tokens has been traded already – all in less than 14 hours.

The token has even obtained a listing on CoinMarketCap, which often takes new projects weeks (or even months) to achieve.

Digging a little deeper, Etherscan.io notes that there are over 1,100 holders of $NOMEME, with 5,187 wallet transfers already conducted.

All of this is good news for early adopters of NoMeme Token. However, the good news doesn't stop there, as several "crypto whales" have become aware of the token – and are looking to get involved while the price is still low.

Data from DEXTools.io reveals three buy orders worth over $140,000 have been placed in the past few hours. In addition, there have also been several investments of between $40,000 and $60,000 – highlighting that the "big hitters" are keen to gain exposure to $NOMEME's future growth.

Could NoMeme Token Capitalize on the Meme Coin Frenzy?

At the time of writing, NoMeme Token’s price has dipped from its previous high and is trading around the $0.00023 level.

However, this isn't unusual for new meme coins – especially since the price dip occurred overnight, hinting that it's likely down to reduced trading volume.

Given this, can $NOMEME begin its next leg to the upside and create new all-time highs?

There’s certainly scope for this to occur, due to the explosive growth of projects like Pepe Coin in recent weeks. Per CoinMarketCap, $PEPE reached a market cap of over $1.65 billion at its peak and produced 3,000%+ returns for early investors.

This scenario also played out with Wojak ($WOJ). CoinGecko reports that WOJ hit an all-time high of $0.00107 on May 5th and boasted a market cap of $72.2 million.

However, both of these coins have had sharp falls from their peaks and are now trading 60% to 80% lower than all-time highs.

The incredible rise of tokens like $PEPE and $WOJ provides a clear path to success for $NOMEME. Like $NOMEME, both of these coins were launched without any use cases yet still went on to produce exponential returns for holders.

Moreover, the positive contagion effect from these coins' growth has led to an uptick in interest in the meme coin market as a whole. This can only benefit $NOMEME since there's now a greater number of potential investors looking for enticing opportunities.

It's impossible to predict how high $NOMEME could go since any follow-up tweet from Elon would likely spark a buying frenzy, leading to colossal price growth.

Right now, $NOMEME can only be obtained through Uniswap. However, as seen with other recently-launched meme coins (e.g., $SPONGE), rapid price increases on Uniswap can lay the groundwork for centralized exchange (CEX) listings.

Ultimately, $NOMEME looks poised to dominate the meme coin market as tokens like PEPE and WOJ lose their influence - presenting an exciting opportunity for both existing and potential investors.

Buy $NOMEME Tokens

DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article.

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