During the last bull run, and even this year, meme coin has shown itself to be a strong competitor in the crypto market. The benefits of these digital assets with no utility have created their own share of millionaires. Today, while these assets are riskier to invest in due to their higher volatility, they are still gaining attention from investors. So here are five meme coins to watch out for in the next bull run.
Dogecoin (DOGE)
Dogecoin (DOGE) is the OG meme coin. Without DOGE, the whole idea of meme coins would not exist, nor would we see the many benefits it has. Dogecoin caught the attention of billionaire and SpaceX CEO Elon Musk who said it was his favorite cryptocurrency.
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Musk’s support for the coin will lead to a rally in early 2021, giving birth to a blossoming meme coin space. The most important thing about DOGE and why it is number 1 on this list is that it is still supported by Musk, which could be the catalyst for a rally in the next bull run, especially with the expectation that the billionaire will find a way. to integrate into Twitter.
DOGE leads meme coins | Source: Coinmarketcap
Shiba Inu (SHIB)
Shiba Inu is the next candidate as it competes with Dogecoin. SHIB managed to emerge as one of the most valuable meme coins by promoting itself as the ‘Dogecoin killer’. It will continue to rally more than 1,000,000%, amassing a cult-like following in the process.
SHIB was heavily affected by the bear trend that dominated most of 2022 but still remained above $0.00001, which is a good sign for the digital asset. Add in the development of SHIB’s metaverse as well as the upcoming launch of Shibarium, a Layer 2 solution, and there’s still plenty of runway left.
SHIB price holds above $0.00001 | Source: SHIBUSD on TradingView.com
Floki Inu (FLOKI)
Floki Inu is another meme coin that was born in connection with Musk’s Twitter posts. When the billionaire sent him a Shiba Inu dog and said he would name it Floki, Floki Inu quickly showed up, making a huge profit in the process.
Now, one of the things that makes Floki Inu attractive to investors is how quickly it can move. An example of this is Musk’s series of posts on Twitter featuring a picture of his dog Floki dressed as the CEO of Twitter and since then, FLOKI’s price has increased by almost 100%.
Twitter’s new CEO is amazing pic.twitter.com/yBqWFUDIQH
– Elon Musk (@elonmusk) February 15, 2023
If this continues to be a bull run when digital asset prices move easily, a post like this from Musk could easily send the price of meme coins flying.
Baby Doge Coin (BabyDoge)
Of all the meme coins on this list, Baby Doge Coin (BabyDoge) has the most zeros in its value. The spin-off of Dogecoin has seen a lot of gains, but like the meme coin community, when they see a lot of zeros left, they see a lot of potential.
Just for this reason alone, as well as the hype that follows the coin, the possibility of more investors getting in an attempt to catch the next moon bag becomes high. Thus, it can be good to keep an eye on going to the next bull run.
Bones (BONE)
BONE is the native token of Shiba Inu ecosystem and ShibSwap DEX. Since the supply is cheaper than SHIB, it is growing more and more. However, like SHIB, BONE benefits greatly from the upcoming launch of Shibarium to a higher level.
Shiba Inu developers have announced that BONE will be the base token for the Layer 2 blockchain. This means that BONE will be used for fees that will drastically increase the demand for the coin if Shibarium becomes as successful as expected.
Bonus Meme Coins
Others that might be good to keep include Dogelon Mars, DogeBonk, and Dogechain. These three saw a lot of support at their peak and have lost a significant portion of their peak value.]
Disclaimer: The cryptocurrencies mentioned in this article are known to be very volatile. This means that the risk of losing money when investing in coins like this is very high.