Top Memecoins Preparing for an Explosive 100% Rally in April
Top Meme Coins to Watch
Shiba Inu
As the largest meme coin based on the Ethereum network, Shiba Inu (SHIB) has evolved to a utility-based altcoin through the Shibarium layer two scaling solution. With a dozen web3 projects deployed on the Shibarium network, the overall SHIB burn rate has significantly increased, thus increasing the overall bullish outlook.
According to a technical analysis by a popular crypto analyst Captain Faibik, Shiba Inu’s price is on the cusp of a 2x rally in April. The crypto analyst pointed out that the Shiba Inu price has been consolidating in a symmetrical triangular pattern that could end up in a bullish breakout
Floki (FLOKI)
Floki (FLOKI) is the second most valuable meme coin presumably backed by Elon Musk tweets. The meme coin rallied nearly 1,000 percent in the past few weeks to almost retest its prior all-time high (ATH).
According to Captain Faibik, FLOKI’s price is on the cusp of a fresh bullish breakout to enter the price discovery phase.
The frog-themed meme coin has a market capitalization of around $3.5 billion, thus the fourth most valuable meme coin. The small-capped meme coin has also been forming a symmetrical triangular pattern, likely ending in a bullish breakout.
Despite the notable competition from the Solana-based meme coins, PEPE’s price is well positioned for a bullish breakout in April
