The Best Meme Coins to Buy Today: FLOKI, Pepe, and Dogwifhat
As Bitcoin consolidates and trading volumes drop off, meme coins are gaining attention as traders search for the best crypto to buy today. Bitcoin briefly surpassed $70,000, and Ether hit $4,000 for the first time since December 2021. The major cryptos have been boosted by strong inflows into spot Bitcoin ETFs and macro tailwinds.
However, traders are taking profits on Bitcoin and Ether to invest in riskier altcoins, with meme coins being the top choices. Here are some of the top performers on Friday that could be the best crypto to buy now:
Floki (FLOKI)
FLOKI, the Shiba Inu meme coin created in honor of Elon Muskโs pet dog, is leading the market with a 67% increase in 24 hours. Its market cap is now above $2 billion. With Dogecoin and Shiba Inu valued above $20 billion, FLOKI could have significant room for growth.
Pepe (PEPE)
Pepe is up 32% on Friday and has a market cap of $3.8 billion. It is themed after Pepe the frog, a legendary character of internet meme culture. As a rival to Dogecoin and Shiba Inu, Pepe could see gains of at least 5x.
Dogwifhat (WIF)
Dogwifhat, the latest iteration of the Shiba Inu dog meme featuring a dog wearing a hat, is up nearly 25% in 24 hours. Its market cap is around $2.2 billion. Compared to Dogecoin and Ethereum-based Shiba Inu, Dogwifhat remains relatively cheap and could have significant upside potential.
Consider Alternatives: Smog (SMOG)
Meme coins like FLOKI, Pepe, and Dogwifhat come with inherent risk and already have large market caps. Traders looking for big returns should consider meme coins with lower valuations and compelling use cases. One such coin is Smog (SMOG), a recently launched Solana token.
Smog has experienced an 8x price increase since late February, reaching a market cap of $270 million. It offers Solanaโs greatest airdrop of all time and has already attracted over 60,000 holders. With the excitement surrounding Solana airdrops, Smog could gain significant interest in the coming weeks and deliver at least 10x gains to investors.
Traders can buy SMOG directly through the projectโs website with a 10% discount and stake their tokens for a 42% APY.
Hot Take: The Best Meme Coins for Quick Gains
Meme coins are stealing the limelight as Bitcoin consolidates, and traders seek quick gains. While Bitcoin and Ether may have pulled back from their session highs, meme coins like FLOKI, Pepe, Dogwifhat, and Smog present opportunities for traders looking to capitalize on the meme coin frenzy.
Remember to exercise caution when investing in meme coins due to their inherent volatility and lack of utility. Conduct thorough research and consider your risk tolerance before making any investment decisions. Happy trading!
Wyatt Newson emerges as a luminary seamlessly interweaving the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the dynamic canvas of digital currencies, Wyatt’s insights resonate like vibrant brushstrokes, capturing the attention of curious minds across diverse landscapes. His ability to untangle intricate threads of crypto intricacies harmonizes effortlessly with his editorial mastery, transmuting complexity into a compelling narrative of comprehension.