With the crypto market showing signs of recovery, meme coins may be the next to rise as momentum builds. So here is a list of meme coins that may have value when the next bull market arrives.
When it comes to meme coins, Dogecoin (DOGE) is always at the top of the list. This is because it was the first meme coin, and the entire movement was based on Dogecoin’s market success. As a result, it is the first meme coin to be considered when investing.
One of the things that has kept DOGE interesting is its ability to remain one of the largest cryptocurrencies in the space. This solidifies it as a market contender, and the possibility of the cryptocurrency reclaiming its previous $0.7 ATH is very high, representing a 1,000% increase given that the meme coin is down nearly 90% from its ATH.
Shiba Inu (SHIB) has been following Dogecoin and has found success as a result. Given its proximity to the original meme coin, it tends to rally when DOGE is on the rise, so if and when DOGE reclaims its ATH, SHIB will not be far behind.
SHIB, like its rival DOGE, is down nearly 90% from its all-time high. This means that a return to its all-time high of $0.00008 on October 28, 2021 would imply a nearly 1,000% increase. Shiba Inu’s community is also one of the largest in the space, which helps to keep the digital asset’s value high. It’s also a purely speculative cryptocurrency. As a result, it doesn’t take much to cause SHIB’s price to rise.
Floki Inu (FLOK) is another meme coin that has proven its worth in the last two years. Its social media community has grown, and the cryptocurrency has gained multiple listings on centralized exchanges. This makes it more liquid than coins that can only be found on decentralized exchanges (DEXes).
FLOKI moves with the market, and a rally in top meme coins such as DOGE and SHIB can frequently trigger a rally in FLOKI as well. It is also one of the relatively safe meme coin options with positive CoinGecko trust scores.
When investing in meme coins, keep in mind that they are even more volatile than their largest counterparts in the crypto market. While this volatility may result in quick gains, it also increases the likelihood of losing money. As a result, it is critical to exercise extreme caution when interacting with these digital assets.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.