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Must Buy Top 5 Meme Coins As Crypto Market Reclaims $2 Trillion

Release: 2024/08/09 16:03 Reading: 573

Original author:CoinPedia News

Original source:https://coinmarketcap.com/community/articles/66b5ca17d9c5fc3e3e9048b6

Must Buy Top 5 Meme Coins As Crypto Market Reclaims $2 Trillion

Top 5 Meme Coins to Buy as Crypto Market Regains Strength

With the recent surge in the crypto market, investors' appetite for risk has increased. Meme coins, fueled by community support, have been experiencing a surge in popularity. Here are the top 5 meme coins to consider buying as the market recovers:

1. Dogecoin (DOGE)

As the pioneer of meme coins, Dogecoin ranks among the top 10 cryptocurrencies by market cap. Trading at $0.1055 with a market cap of $15.34B, it has recently reclaimed the $0.10 psychological mark. A potential upside of 160% exists if it successfully breaks out of the current resistance.

2. Shiba Inu (SHIB)

Shiba Inu, the second-largest meme coin, has faced a pullback that has tested its crucial support trendline. However, buyers have stepped in to prevent a further decline. A breakout above the overhead trendline could indicate a significant upward move, potentially reaching levels of $0.000022 or even $0.000030.

3. BONK (BONK)

BONK, a Solana-based meme coin, has gained popularity with a market cap of $1.429 billion. It has held steady despite recent market downturns, and a breakout above the overhead resistance could propel it toward $0.000042.

4. PEPE (PEPE)

PEPE, known as the frog-themed meme coin, has experienced exponential growth since inception. Although it faced a recent correction, it has regained momentum and is poised for a bull cycle. A potential upside of 60% exists if it breaks out above the $0.00001047 psychological level.

5. Dogwifhat (WIF)

Dogwifhat has navigated a bearish trend but has reversed its course with a triple white soldier pattern. A breakout could propel it toward the $3.40 mark, representing an upside potential of 103%.

Disclaimer: This article provides general market analysis and should not be construed as investment advice.

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