With memecoins creating millionaires every day, the days of Bitcoin being a way to make millions in profits are over.
Contrary to their image as short-lived, low-profit investments, memecoins can make investors millionaires. Many investors have set records of making thousands or even millions of dollars from memecoin investments. These include the Pepe Coin profit event, where 6 wallets made $2 million, and SLERF traders made $3.2 million.
There is no end to the list of such profits as new people achieve it every day. So let’s discuss the top three memecoins that can potentially make you a millionaire.
Top 3 Meme Coins to Become a Millionaire
More important than choosing the right investment option is the right strategy. Investors must look for the right opportunities to invest in the right way. Only in this way will it be possible to get the desired results, otherwise the volatility of the cryptocurrency market will eat up the investment and the investor will get nothing but pocket change instead of millions of dollars.
When it comes to the best investments, top meme coins like Dogecoin, BONK, and Shiba Inu are likely to be the best performers in the upcoming bull run. Let’s take a look.
Dogecoin
Dogecoin is the most popular memecoin and has dominated the memecoin market for a decade. Although DOGE is not the most valuable or the highest priced memecoin, it has always been the first choice due to its popularity and history of huge profits.
As of this writing, the DOGE price is $0.1617 and the market cap is $23,286,796,931. Despite its lower value, the Meme coin is ranked 8th by market cap and 13th by trading value on CoinmarketCap. Speaking of which, it has a trading volume of $1,145,705,114.
In 2021, Dogecoin surged to an all-time high of $0.7376, more than 76% higher than its current value. At the time, the coin was trading at an average price of $0.05. But the price took a turn, ultimately earning its investors millions of dollars in profits.
Currently, analysts believe that Dogecoin has the potential to break through the $1 mark in the coming months after a 500% price surge.
Bunker
After weeks of losses, BONK has finally surged higher while indicating more upside in the coming days. BONK is one of the most popular Solana-based memecoins known for its contributions to the community. Bonk’s slogan is “For the People, By the People” and has airdropped nearly half of its total supply to cryptocurrency investors to gain their support.
Due to its reputation in the crypto community, analysts believe that BONK could surge to as high as $0.000042 in the coming days. Looking at its price performance, BONK price reached $0.00002657 after surging 31% in one day. The same is true for the coin’s market cap, which surged to $1.73 billion after rising 31.15%.
Also read: How much is BONK worth if you invest $100 in it and it reaches $1
BONK received an instant surge due to its listing on the Revolt app. The demand for the meme coin has increased with trading volume increasing by 260% in the past few hours.
Shiba Inu
Shiba Inu is widely known as a dog killer that can earn millions of dollars in profit when the time is right. It is the second most popular meme coin after Dogecoin. It surged to an all-time high of $0.00008845 about three years ago and is now aiming at the same target again. As the bull run is expected to take over the cryptocurrency market in the coming months, Shiba Inu price will aim higher.
After the sluggish days in the market before the halving, SHIB has made quite a recovery, surging 22% in a week. Analysts believe that Shiba Inu’s share price will soar to over $0.000036 by the end of April and over $0.0001553 by the end of the year.
Prior to this, cryptocurrency analyst Rafaela Ligo revealed a similar surge pattern as of the 2021 ATH. This suggests that Shiba Inu has the potential to surge above $0.00014. Another cryptocurrency analyst, Javon Marks, agreed with Rafaela’s prediction. He added that once Shiba Inu enters the $0.00008 range, the road to $0.0001553 will be a piece of cake.
Final Thoughts
With the volatility in the market before Bitcoin halving, the crypto market had to endure millions of dollars in losses. However, the upcoming bull run should bring returns several times over. It is expected that this bull run will be a period in which meme coins and AI tokens dominate the crypto market and prosper for a long time.
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