New Meme Coin ICO Solciety Raises $750k - What Is $SLCTY Token? (2024)

Newly-launched Solana meme coin, Solciety (SLCTY) has gathered upwards of $750k from investors within a few weeks of going live on presale.

Describing itself as the political meme coin movement for the degens, Solciety has been riding in the wave of the rising popularity of the PolitiFi sector to gain traction.

However, can Solciety sustain this momentum, even after it lands on DEX? This article takes a closer look at the fundamentals of the project to forecast its future price.

What Is Solciety (SLCTY)?

Solciety prides itself as “the political party for the degens.” At its core, Solciety blends the powers of memes and community to address the shortcomings of today’s politicians.

In essence, Solciety wants to take the minds of degens off the “false promises” made by politicians by providing an umbrella for them to monetize their creativity and make potential gains.

In line with its ambition to unite meme coin enthusiasts, Solciety has introduced a tool, known as Meme Campaigner. Built for 21st century politics, this meme-generation product provides users with an avenue to convey their opinions on governments’ actions through memes.

According to the project, users will first accumulate points for completing the aforementioned tasks. Eventually, the top ten persons with the highest points will be rewarded with $SLCTY.

In the long run, Solciety’s team will use the funds gathered during its presale to finance its future plans, including the development of new tools like Solciety’s AR (Augmented Reality).

Also, Solciety aims to launch its AI tool by the first quarter of 2025. The project says the tool will feature a programming language that can automatically generate captions and translate memes into different languages.

Solciety ($SLCTY) Price Prediction

Solciety is currently in its presale phase. Therefore, it is impossible to use technical indicators to analyze its price movements. Nevertheless, the project’s politics-based lore, tokenomics, roadmap, and burn policy offer some insights into where its price could be heading upon the conclusion of its ICO campaign.

Meanwhile, the Solciety’s presale, according to its website, is spread across fifteen stages. Presently, the event is in its fifth stage, with 1 SLCTY selling for a discounted price of $0.002289. In the next stage, the price will increase to $0.002357, allowing the earliest investors to make gains.

That being said, Solciety’s future price performance will be influenced by many factors including its ability to tap into the bustling PolitiFi space. With the US election on the horizon, political-based meme coins like TREMP and BODEN have gained widespread attention, strengthening the niche’s presence in the global crypto landscape.

Despite the sharp downtrend in the broader crypto market, the PolitiFi niche still boasts a market value of over $1 billion. This milestone underscores the rapid growth that has greeted a space that emerged less than a year ago. Like other tokens in this niche, Solciety is poised to benefit from the election buzz.

Beyond its connection with the PolitiFi space, another key factor that could determine the price action of Solciety is the execution of the plans in its roadmap.

The project plans to integrate AR in its meme-generation tool so that users will be able to create and bring their political memes into the real world. More so, the team behind the project aims to regularly carry out token burn to pump the value of $SLCTY.

However, as earlier mentioned, Solciety is trending, majorly because of the upcoming election in the United States. As soon as the election season is over, the hype around Solciety and several other PolitiFi tokens will gradually fade away.

Why Is Base Dawgz (DAWGZ) A Better Alternative To Solciety?

Base Dawgz stands out as the best alternative to Solciety due to its multichain posture and community-centric strategies. While Solciety is confined to one chain, the doge-inspired meme coin boasts an interoperability capability that makes it accessible on top networks like Base, Ethereum, Solana, Binance Smart Chain, and Avalanche.

Base Dawgz’s lore is not only interesting but also depicts its lofty goal to bring meme coin investors across different communities together. The engaging narrative illustrates how popular doge-themed characters such as Shiba Inu, Wojak, and others were strapped with base jumping kits, flying high in the skies after jumping off a plane.

Adding a feather to Base Dawgz’s cap is its unique “Share-to-Earn” program where community members will be able to win free tokens for their engagement with its social media handle. Whenever any participants share any Base Dawgz-related memes, they will get points which will be exchanged for DAWGZ at the end of its presale. While Solciety provides a similar rewarding system, only the top ten participants can benefit.

More so, unlike Solciety, Base Dawgz has a staking facility, giving it long-term potential. This offering is now accessible to all investors, irrespective of the chain they are using.

In recent weeks, major crypto analysts have discussed its explosive potential on YouTube.

In fact, a more bullish perspective about the token was given by 99Bitcoins, a famous YouTube channel with more than 705k subscribers. The crypto channel, in a video, explained how Base Dawgz’s multichain posture, staking and Share-to-Earn mechanics distinguish it as the next 100x gem.

So far, Base Dawgz has raised $2.4 million. Priced at $0.00581, investors can swap DAWGZ with USDT, SOL, USDC, BNB, or BUSD.

Once the presale is over, Base Dawgz tokens will then be claimable at the same time as the new meme coin’s launch on crypto exchanges.

For the latest updates, follow Base Dawgz on X.

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