Preparing for the Bull Run? These Meme Coins should be on your radar
With the crypto market showing significant signs of recovery, meme coins could be the next to rise as momentum picks up. So here’s a list of meme coins that could have potential when the next bull rally rolls around.
Dogecoin (DOGE)
As always, Dogecoin (DOGE) remains at the forefront when talk of meme coins comes up. This is because it is the first meme coin and the whole movement was built on Dogecoin’s success in the market. So that makes the list the first meme coin you always look at when investing.
One thing that makes DOGE interesting has been its ability to remain among the largest cryptocurrencies in the space. This cements it as a good contender in the market and the possibility of the cryptocurrency regaining its previous $0.7 ATH is very high, which would be around a 1000% increase since 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 followed Dogecoin over the years and has found success because of it. Given its proximity to the OG meme coin, it tends to rally when DOGE is on the rise, so if and when DOGE were to regain its ATH, there’s no doubt that SHIB won’t be far behind.
Like its competitor DOGE, SHIB is also down almost 90% from ATH. This means that another recovery to the October 28, 2021 all-time high of $0.00008 would also mean a move of almost 1000%.
The community behind Shiba Inu is also one of the largest in the area, which continues to support the value of the digital resource. It is also a purely hype-driven cryptocurrency. As such, it doesn’t take much to trigger a price rise 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 across social media and the cryptocurrency has gained multiple listings across centralized exchanges. This gives it more liquidity compared to coins that only exist on decentralized exchanges (DEXs).
FLOKI price holding at $0.000033 | Source: FLOKIUSDT on TradingView.com
FLOKI also moves with the market and a rally across top meme coins like DOGE and SHIB can often trigger a rally for that as well. It is also one of the relatively safe meme coin alternatives with positive trust scores on CoinGecko.
Investing in Meme Coins
An important thing to keep in mind when investing in meme coins is that they are even more volatile compared to their major counterparts in the crypto market. While this volatility can mean quick gains, it also means that the chances of losing money become higher. As such, it is important to exercise extreme caution when engaging with these digital assets.
