Meme coins are altcoins that were first made for fun which then evolved to have actual utility in the crypto industry. Dogecoin, the world’s first meme coin, pioneered the space, with Shiba Inu following in its footsteps.
These tokens might be fun and all, but with the popularity of meme coins skyrocketing, investors might find both joy and gains! Investing in these top 5 meme coins should make any investors’ portfolio glow in green.
Here are five meme coins that have the potential to make a surprise rally in the next coming days.
These Meme Coins Are Seen Climbing High
Among the Shiba inu-themed meme coins lie the little-known Rich Quack, a duck-themed cryptocurrency with a vibrant community backing the project. According to Phoenix Group, Rich Quack is one of the most socially active meme coins in the space, being only behind Shiba Inu by a small margin.
Based on data by Coingecko, the token is flashing green in all time frames with the biggest gains being made at the bi-weekly at 11%. At the token’s current price, we might see a bigger price movement as the bulls try to consolidate above its current support at $1.6731.
Floki inu is one of the popular Shiba inu-themed tokens available in the market. With a market cap of nearly $500 million due to the Floki’s recent listings on several major exchanges like KuCoin, OKX, with a possible Binance listing in the future. This caught the eyes of many investors, pushing the trading volume of the token to nearly $200 million on the day of the listing.
Although the price of FLOKI has been going down since hitting its high of $0.00006793, the token is still showing growth in the later time frames. Those who are interested in getting on FLOKI should help the bulls in defending its support at $0.00003774 which would allow the token to target higher highs.
Another lesser-known coin, Dejitaru Tsuka, is currently ranked 270 in CoinGecko’s cryptocurrency list, showing gains in the medium to long term. The Japanese lore-themed token is very mysterious, with few updates on its official Twitter page. However, the token recently reached 10,000 holders which is a testament to how dedicated the TSUKA community is to the crypto project.
At $0.11756 support, the bulls can have enough room to have an explosive movement upwards if the momentum allows it. However, bulls face resistance at $0.15815 which needs to be broken in the medium to long term to allow freedom of movement.
Dog-Themed Coin Darlings
A Shiba inu-themed token, Baby Doge Coin (BABYDOGE) is a self-described deflationary token which is currently one of the most socially active tokens available in the market. With a market cap of over $500 million, BABYDOGE offers investors with a supportive community that is currently pushing for the listing of the token on Binance.
At the price of $3.1, the token’s support is being strengthened by the bulls at $3.012 which, if it holds, will be the launch pad for BABYDOGE’s future bullish price movement. Investors should watch the token’s current support as this is a crucial support for the token.
DOT total market cap at $8.6 billion on the daily chart | Chart: TradingView.com
The “grandfather” of all meme coins, Dogecoin (DOGE) has the potential to rise even more. At the time of writing, DOGE is up nearly 8% in the weekly timeframe.
DOGE is currently trading at $0.0882 with support at $0.08585. The token’s small trading range can be a catalyst of a big bullish movement in the medium to long term. This signifies a strong bull and bear tug-o-war and it’s only a matter of time to know who won the fight.
-Featured image from Outlook India