With the crypto market showing signs of a significant recovery, meme coins could be the next rally as momentum builds. So here’s a list of meme coins that could have potential during the next bull rally.
Dogecoin (DOGE)
As always, Dogecoin (DOGE) remains at the forefront when talk about meme coins comes up. This is because it is the first meme coin and the whole movement is built from Dogecoin’s success in the market. So make a list of the first meme coins to look at when investing.
One thing that makes DOGE interesting is its ability to remain among the largest cryptocurrencies in the space. It is a good contender in the market, and the probability of the cryptocurrency recovering its previous $0.7 ATH is very high, which will increase by 1,000% because the meme coin is down almost 90% from its ATH.
DOGE remains the largest meme coin | Source: CoinGecko
Shiba Inu (SHIB)
Shiba Inu (SHIB) has been following Dogecoin for years and has been successful because of it. Due to its close proximity to the OG meme coin, it tends to rally when DOGE rises, so if and when DOGE captures ATH, there is no doubt that SHIB will not be far behind.
Like its rival DOGE, SHIB is also down almost 90% from ATH. This means another recovery until October 28, 2021, the all-time high of $0.00008 means also almost 1,000%.
The community behind Shiba Inu is also one of the largest in the space, which continues to support the value of these digital assets. It is also a pure hype-driven cryptocurrency. So, it won’t take much to trigger a price rally for SHIB.
Floki Inu (FLOKI)
Floki Inu (FLOK) is a meme coin that has also proven itself over the past two years. The community has grown on social media and the cryptocurrency has gained multiple listings on centralized exchanges. This provides more liquidity than coins that only exist on decentralized exchanges (DEX).
FLOKI price holding at $0.000033 | Source: FLOKIUSDT on TradingView.com
FLOKI also moves with the market and rallies between top meme coins such as DOGE and SHIB can often trigger rallies for that as well. It is also one of the relatively safe meme coin options with a positive trust score on CoinGecko.
Invest In Meme Coins
An important thing to remember when investing in meme coins is that they are even more volatile compared to their biggest counterparts in the crypto market. While this volatility can mean quick gains, it also means the chance to lose more money. So, it is very important to be careful when engaging with these digital assets.