3 Meme Coins to Sell in March Before They Crash & Burn
These digital tokens are extremely volatile and speculative in nature. Meme coins are highly speculative and risky investments. Based on internet memes and cartoon images with no underlying function, meme coins remain the Wild West of the cryptocurrency universe.
Here are three meme coins to sell in March before they crash and burn.
1. Bonk (BONK)
Launched in 2022, Bonk serves no real purpose and it is difficult to determine the reasons for its rally as the trading of meme coins, many of which were started as a joke, is highly speculative. The listing of Bonk on several cryptocurrency exchanges such as Crypto.com appears to have been a catalyst for the digital token. That said, investors would be smart to avoid the volatility with Bonk and simply invest in Solana, which is up 40% this year.
2. Dogecoin (DOGE)
Dogecoin has increased 80% to now trade at 17 cents. In the last 12 months, its price has gained 135%. That’s better than most stocks and amazing considering DOGE was started simply as a joke and serves absolutely no purpose whatsoever.
DOGE seems to be rising now based solely on the broader rally in cryptocurrencies. There’s no news driving this meme coin’s price higher, and Dogecoin has not changed any over the past year. However, Dogecoin still remains extremely volatile and risky. And despite its big run over the last 12 months, this meme coin is currently trading 73% below the all-time high it reached in spring 2021.
3. Shiba Inu (SHIB)
All that said, SHIB has enjoyed a monster rally this year, rising 200% since Jan. 2. That’s a bigger gain than either Bitcoin or Ethereum. Like the other names in this gallery, Shiba Inu is benefitting from the current rally in crypto.
Beyond that, this token doesn’t really have anything going for it. The last big event for SHIB came when Elon Musk briefly changed the Twitter logo to the Shiba Inu image.
