Top Meme Coins to Invest In
If you’re looking for the best crypto to buy now, meme coins like Shiba Inu (SHIB), Dogecoin (DOGE), and PepeCoin (PEPE) have proven their worth. These tokens have shown potential for massive returns, but also come with the risk of significant losses.
The Global Meme Coin Market
The global meme coin market currently has a market cap of $23 billion, with a 10% increase in value. SHIB, DOGE, and PEPE continue to hold the top three spots in terms of market capitalization. Let’s take a closer look at the technical aspects of these meme coins to understand why they are considered some of the best crypto to buy now.
Shiba Inu (SHIB) Price Prediction
SHIB has experienced a notable price surge due to an announcement from the Shiba Inu team. The introduction of Shibarium, a layer-2 network, will involve the burning of SHIB tokens, which is seen as a significant development.
From a technical standpoint, SHIB has broken out of a descending triangle pattern on the weekly chart. The bullish trend in the market has pushed the price above the $0.0000084 support level. The weekly Relative Strength Index (RSI) indicates further upward movement potential. Currently, SHIB is trading at $0.00001001 with a 24-hour trading volume of $691 million.
Dogecoin (DOGE) Price Prediction
DOGE’s recent price surge can be attributed to social media buzz around its 10th anniversary. The price broke through a rising megaphone chart pattern and surpassed the key $0.1 resistance level. The prior resistance, now acting as support at $0.08, has seen significant trading activity.
The 14-day RSI suggests that the market is overbought, indicating a possible correction. Short sellers may enter the market, creating sell pressure and potentially pushing the price below $0.09. Currently, Dogecoin is trading at $0.10.
PepeCoin (PEPE) Price Prediction
PEPE’s recent price surge is driven by overall market optimism. The coin reached a $666 million market cap milestone, resulting in a 14% increase in value.
However, PEPE struggles to break through the $0.00000172 threshold and is currently hovering near $0.0000016. The RSI indicates an overbought condition. At present, PEPE is trading at $0.00000157 with a 24-hour trading volume of $535 million.
Hot Take: Meme Coins on the Rise
Meme coins like SHIB, DOGE, and PEPE have gained significant attention in the crypto market. While they offer the potential for high returns, it’s important to be aware of the risks involved in investing in these volatile assets. Keep an eye on their technical indicators and market sentiment before making any investment decisions.
By
By
By
By
By