As the cryptocurrency market drops, enthusiasts await the return of meme season. Meme coins tend to rise when the overall market is unstable. Therefore, we will point out 4 popular meme coins to watch right now: Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Dogwifhat (WIF).
Dogecoin (DOGE): The Original Meme Coin
DOGE has survived multiple market cycles thanks to its Shiba Inu mascot and large community. As memecoin season approaches, DOGE’s popularity over the years may make it one of the memecoins to watch.
In the past year alone, Dogecoin’s price action has risen from $0.07 to $0.12. The current price is also above the 100-day and 200-day moving averages. Therefore, Dogecoin is predicted to rise to $0.19 before the end of the second quarter of 2024.
Shiba Inu (SHIB): One of the memecoin giants
SHIB has gained attention for its interesting brand and loyal community, similar to Dogecoin. If the meme season comes soon, SHIB may reach unprecedented levels with strong support from the community.
Regarding the price of SHIB, it has fluctuated between $0.000028 and $0.000020 over the past month. Moreover, SHIB is currently priced above the 100-day and 200-day moving averages. Therefore, it is expected to rise to $0.000032 in the second quarter of 2024.
Pepe (PEPE): A meme coin that shows good resilience
Another best meme coin to buy during this market drop is PEPE (PEPE). This meme coin represents the famous Pepe the Frog meme that has become well-known on the internet. If it continues, Pepe might just bring some fresh energy to the crypto market.
The Pepe price on the YTD chart has also risen from $0.0000010 to $0.0000060. Moreover, more than 12 technical indicators are in the buy zone for Pepecoin. Therefore, Pepe is expected to rise to $0.000011 before the end of Q2 2024.
Dogwifhat (WIF）
WIFWith meme coin season approaching, WIF’s growth potential and meme-worthy branding could see it rise to prominence. In the past year alone, it has risen from 0.17 to 2.32.
Not only that, WIF’s technical analysis is also in the green. Notably, Dogwifhat’s five technical indicators are showing green. Therefore, it is expected to rise to $2.91 by the second quarter of 2024.
(Personal opinion, not a recommendation)
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