Two meme coins are showing potential for significant growth this month.
Firstly, Shiba Inu ($SHIB) is gaining traction with its strong social media presence, token burns, and ongoing ecosystem development. Its price has been steadily recovering, with a market cap of $14.7 billion and a trading volume of $250 million. If it maintains its current support level, a breakout above $0.00003 could signal a shift in market sentiment towards buying on dips, potentially driving the price to $0.000038 and beyond.
Secondly, Floki ($FLOKI) has evolved from its origins as a homage to Elon Musk’s dog into a meme-inspired cryptocurrency with features like Valhalla, an NFT gaming metaverse. Despite a recent dip in price to $0.0000259 and a market cap of $2.44 billion, it's supported by an ascending trendline that could help it bounce back and breach the $0.0000313 resistance level.
Overall, both coins present opportunities for bullish movements, with Shiba Inu benefiting from its established presence and Floki offering unique features in its ecosystem.#Megadrop #MtGox #StartInvestingInCrypto #ETHETFsApproved
