In this cycle, the rotation order of sectors seems to have been rearranged, with meme coins taking the lead and becoming the main line of this cycle, which also confirms the difference of the second round of bull market.
Meme is a unit that carries cultural ideas and symbols and continues to spread in people's consciousness. Like genes, the spread of memes varies. Those that resonate will last forever, while those with less influence will soon be forgotten.
With the advent of MemeCoin, cultural ideas and symbols and their spread can be traded and speculated on. Their value is based on the relevance of a meme and its ability to capture mindshare, creating a new type of market where cultural resonance is quantifiable and has financial value.
When we look back at the history of cryptocurrency, we can say that one branch has a mission that is very different from the others. MEME coins, starting with Dogecoin (DOGE), fully embodied the culture of jokes to the cryptocurrency world and the world. With the emergence of DOGE, other meme coins have also found their place in the market.
We recommend 4 promising MEME coins, which are expected to soar 100 to 1,000 times in this bull market!
Click here to recharge your faith
1. BABY
Pepecoin (PEPE) is a meme coin based on the Ethereum network, which uses Pepe the Frog as its brand image.
PEPE coin has broken new highs only one year after its launch. It is particularly noteworthy that it was launched in a bear market and quickly became popular around the world. In the past two days, PEPE coin has shown unprecedented vitality and great potential.
As expected with most meme coins, PEPE lost value after Bitcoin’s price drop two weeks ago. But at press time, Pepe is up, with a weekly gain of about 27%. This is a testament to Pepe’s strong community and ability to ride the memecoin craze. Despite the fact that PEPE tokens have no utility, the project has persevered through difficult times. Investors can expect solid returns on PEPE for the foreseeable future.
Unlike other top meme coins, PEPE coin has not yet experienced a bull run, so its potential growth space may be greater.
2.FLOKI
Floki, known as the "people's cryptocurrency," is not much different from PEPE in terms of ideology, but it has the backing of Elon Musk. Named after Elon Musk's Shiba Inu, Floki seeks to change the memecoin industry by emphasizing utility. The project offers an operational staking service that enables users to deposit FLOKI tokens and earn yields.
FLOKI's price has had a volatile month, but the token has benefited from the recent crypto recovery and is currently in the green. At the time of writing, FLOKI has appreciated by about 15% in the last week. It has seen a slight increase in today's trading session and is currently trading at $0.000180, up 0.54% intraday. Moreover, Floki is up 393% year to date. We can expect FLOKI to ride the crypto resurgence.
3.WIF
Solana-based Dogwifhat (WIF) is the only meme coin among the top 100 cryptocurrencies gaining today, with WIF’s price currently showing a solid bullish trend with no significant resistance on the 4-hour chart. This positive momentum suggests that bearish forces may have difficulty stopping its upward trajectory. Despite the volatility in the cryptocurrency market, WIF has attracted a lot of attention and remains bullish.
Over the past few days, WIF has continued to surge in price, showing resilience even during temporary pullbacks experienced by other cryptocurrencies. As of the time of writing, dogfight is priced at $3.2, a notable increase of 23.94% over the past 7 days. With its solid performance history, WIF shows the potential for steady growth.
4.DOGE
Dogecoin (DOGE) is a memecoin that needs no introduction. It was the original memecoin launched in 2013. With its Shiba Inu mascot and large community, DOGE has survived multiple market cycles. As memecoin season approaches, DOGE’s popularity over the years may make it one of the memecoins to watch out for.
In the past year alone, Dogecoin’s price action has seen it rise from $0.07 to $0.12. During this period, the Dogecoin market cap has surged from $10.97B to $17.95B. The meme coin is also currently trading above its 100-day and 200-day moving averages.
Therefore, Dogecoin could surge to $0.19 before the end of the second quarter of 2024.
Create a high-quality circle
Spot mainly
This is the end of the article. There is a more detailed analysis in the circle. Click here to join the circle. I will reply to you in time~!
