Meme coin is an altcoin that was first created for fun that later evolved into a real utility in the crypto industry. Dogecointhe world’s first meme coin, a pioneer in the space, with Shiba Inu following in his footsteps.
This token might be fun and all, but with the rising popularity of meme coins, investors can enjoy it and make a profit! Investing in these top 5 meme coins should make an investor’s portfolio green.
Here are five meme coins that have the potential to make a surprise rally in the next day.
This Meme Coin Looks Like It’s Climbing High
STRONG
Among the Shiba inu-themed meme coins is the little-known Rich Quack, a duck-themed cryptocurrency with an enthusiastic community supporting the project. according to The Phoenix GroupRich Quack is one of them most socially active meme coins in space, which is only behind Shiba Inu by a small margin.
Based on data by Coingecko, this token is flashing green in all time frames with the biggest gains made in two weeks at 11%. At the current price of the token, we can see a bigger price movement as the bulls try to consolidate above the current support at $1.6731.
FLOKI
Floki inu is one of the popular Shiba inu themed tokens available in the market. With a market cap of almost $500 million due to Floki’s new listing on several major exchanges like KuCoin, OKwith can Binance listing in the future. This attracted many investors, pushing the token trading volume to almost $200 million on the day of listing.
Image: StormGain
Although the price of FLOKI has declined since reaching a high of $0.00006793, the token is still showing growth in later time frames. Those interested in FLOKI should help the bull to defend the support at $0.00003774 which will allow the token to target higher.
CUT
Another lesser known coin, Dejitaru Tsuka, currently ranked 270 in the CoinGecko cryptocurrency list, showing results in the medium to long term. The Japanese lore themed token is very mysterious, with few official updates Twitter glass. However, the token recently reached 10,000 holders as proof that the TSUKA community is dedicated to the crypto project.
At the $0.11756 support, the bulls could have enough room to have an explosive move up if the momentum allows. However, bulls face resistance at $0.15815 which should be broken in the medium to long term to allow freedom of movement.
Dog-Themed Coin Darlings
BABY DOG
A Shiba inu themed token, Baby Doge Coin (BABYDOGE) is a self-described deflationary token that is currently one of the most socially active tokens available on the market. With a market capitalization of more than $500 million, BABYDOGE offers investors a community that supports them today push to list tokens on Binance.
At the price of $3.1, the token’s support is strengthened by the bulls at $3.012 which, if held, will be the launching pad for a bullish price movement in BABYDOGE. Investors should watch the current token support as this is an important support for the token.
DOT total market cap at $8.6 billion on the daily chart | Chart: TradingView.com
DOGE
The “grandfather” of all meme coins, Dogecoin (DOGE) has the potential to rise even more. At the time of writing, DOGE is up almost 8% in weekly time.
DOGE is currently trading at $0.0882 with support at $0.08585. The token’s small trading range could be the catalyst for a big bullish move in the medium to long term. This means strong bull and bear tug-o-war and it is only a matter of time to know who wins the fight.
-Image shown is from Outlook India