The re-election of Donald Trump as the president of the United States has led to a significant surge in cryptocurrencies. The long-anticipated bull market may have emerged with this development, and meme coin projects, in particular, have drawn attention. Popular meme tokens such as WIF, PEPE, DOGE, SHIB, BONK, and FLOKI have the potential to become rising stars in the new bull market. These projects could see their prices increase rapidly, driven by growing interest on social media and speculative gains sought by investors. Considering the historical performance of meme coins, it is evident that they are assets worth keeping an eye on in this new bull market.
Meme coins have also demonstrated remarkable performances in past bull markets. DOGE experienced a major rally during the 2021 bull market, supported by Elon Musk, providing substantial gains to investors. Similarly, SHIB saw a significant rise in a short period, attracting the attention of many investors. These types of tokens often gain value through community support and social media influence, which means they could hold significant potential in the upcoming bull market as well.
