Here Are The Meme Coins To Buy For Dogecoin-Like Gains If There Is A Repeat Of The 2021 Mania

The Return of Meme Coins: Pepe (PEPE) and Dogwifhat (WIF) Poised to Lead

The return of Keith Gill, known as "Roaring Kitty," has sparked discussions of another impending meme coin craze. If this prediction holds true, certain meme coins stand to benefit significantly.

Pepe (PEPE) and Dogwifhat (WIF): Potential Leaders in Meme Coin Mania

PEPE and WIF are well-positioned to spearhead a new wave of meme coin enthusiasm should it materialize. Gill's return echoes the GameStop saga of 2021, where Reddit traders rallied against hedge funds shorting the company's stock, leading to a meteoric rise in GameStop's share price.

This event is widely credited with paving the way for the meme coin frenzy, attracting retail investors to the cryptocurrency market. Consequently, meme coins like Dogecoin and Shiba Inu experienced parabolic rallies.

However, with Dogecoin and Shiba Inu now seemingly lacking momentum, newer meme coins like Pepe, WIF, and Bonk may emerge as the drivers this time around.

Significant Gains for Newer Meme Coins

In the 24 hours following Gill's first X (formerly Twitter) post announcing his return, these newer meme coins have posted substantial gains. Pepe has been the top performer among the leading meme coins, with a price increase of over 25%, according to CoinMarketCap. WIF and BONK have also seen price increases of 11% and 9%, respectively.

Dogecoin and Shiba Inu have also registered notable gains. However, in the long term, Pepe, WIF, and BONK are expected to surpass the two largest meme coins by market capitalization, as they have greater potential for parabolic upside.

Gill's Return and Mainstream Adoption

Gill's return is particularly timely, as meme coins were already projected to play a significant role in the current bull run. His presence could further ignite a surge in the meme coin market.

Cryptocurrency expert Scott Melker has suggested that mainstream crypto adoption will coincide with Dogecoin reaching a new all-time high. However, Gill's return could potentially be the catalyst that draws retail investors back into the crypto space.

Decentralized Protocols vs. Traditional Finance

The events surrounding Gill's return highlight the advantages of decentralized protocols over traditional finance. The New York Stock Exchange reportedly halted trading in GameStop's stock due to volatility following Gill's X posts. Such interruptions are impossible on-chain, which could further sway TradFi traders towards decentralized platforms.

Unlike the NYSE, decentralized exchanges did not halt trading despite the GameStop (GME) meme coin, which is unaffiliated with the retail company, soaring by over 3000% in a single day.

SHIB bulls struggle to maintain control | Source: SHIBUSDT on Tradingview.com Featured image from Blockzeit, chart from Tradingview.com