Price: $0.31599 -5.994%
Market Cap: 46.55B 1.4016%
Volume (24h): 5.46B 0%
Dominance: 1.4016%
Price: $0.31599 -5.994%
Market Cap: 46.55B 1.4016%
Volume (24h): 5.46B 0%
Dominance: 1.4016% 1.4016%
  • Price: $0.31599 -5.994%
  • Market Cap: 46.55B 1.4016%
  • Volume (24h): 5.46B 0%
  • Dominance: 1.4016% 1.4016%
  • Price: $0.31599 -5.994%
Home > Information news > Meme Coins Facing a Dump? Best Altcoin to Diversify With

Meme Coins Facing a Dump? Best Altcoin to Diversify With

Release: 2024/05/21 00:05 Reading: 946

Original author:TheBitTimes

Original source:https://coinmarketcap.com/community/articles/664b6d80ccd3f00fbea79307

In the swirl of the bull run, a twist looms for meme coins with signs pointing to a sell-off. Smart diversification is key, and the search for a robust alternative is pressing. This article highlights an altcoin ticking all the right boxes, offering a unique opportunity for portfolio expansion. Indications are strong for a coin that stands to outperform, proving its mettle in a challenging market. The focus is on providing insight into a solid choice in the face of current market dynamics.

Over $6 Million Raised: BlastUP Presale Continues, Offering Up To 1000% Potential ROI

BlastUP has been getting a lot of attention lately thanks to its high potential to become a major force in the crypto industry. This pioneering launchpad on Blast has already attracted over 15,000 active users.

The ongoing presale of BlastUP is a huge success, more than $6 million raised so far. The BlastUP token is considered by crypto experts as a hidden crypto gem that can skyrocket 1000% by the end of this year.

>> Buy BlastUP Tokens Now for Maximum Returns! <<

BlastUP helps crypto startups grow faster and earn more. As BlastUP forges ahead, it remains committed to creating a global hub for the Blast community. BlastUP is rapidly gaining traction for the benefit of all participants in this ecosystem.

BlastUP's roadmap extends into 2026, promising the introduction of AI-driven tools and the Community Marketplace, further enriching the ecosystem's capabilities.

The BlastUP token, a cornerstone of the platform, unlocks access to tiered IDO launches, staking rewards, and exclusive loyalty benefits.

>> Join BlastUP Now or This Rocket Will Take Off Without You! <<

Bonk Crypto Rally Potential: What's Next?

The Bonk coin is trading between $0.0000216 and $0.0000285. It has jumped 12.75% in the past week and a sharp 73.47% in the past month. Looking over six months, it's up an impressive 620.33%. The coin is making moves under its nearest resistance level of $0.0000318 and above its closest support level of $0.0000180. The price action is showing a mix of ups and downs, which suggests it's in a mix of impulsive and corrective moves right now.

Shiba Inu Price Movement and Future Outlook

Shiba Inu (SHIB) crypto has seen significant growth with a 210.74% rise in the past six months. Currently, the coin trades between $0.00002164 and $0.00002598. Over the last week, SHIB increased by 7.66% and 4.98% over the past month. With the Relative Strength Index near the middle at 46.61, SHIB's price moves aren't showing a clear trend of overbought or oversold conditions. Predicting its short-term movement is tricky, but the price is leaning towards a corrective move as it sits below both the 10 and 100-day Simple Moving Averages. If it breaks the nearest resistance of $0.00002811, we could see it attempt to reach the second resistance at $0.00003245. Conversely, if it falls, SHIB might find support at $0.00001942 before possibly dropping to the second support level of $0.00001508.

Pepe Price Analysis: Bullish Trends Emerge

Pepe (PEPE) has shown a significant upward trend over the last six months, marked by an impressive 813.57% price increase. Currently, PEPE is trading between $0.00000777 and $0.00001107, with the nearest resistance at $0.00001298 and support at $0.00000638. The one-week price change reflects a rise of 7.47%, while the one-month price change shows a surge of 84.32%. Indicators suggest the market is in a bullish phase, with the RSI at 55.43 signaling a potential continuation of the uptrend. The Stochastic reading at 76.24 reinforces this expectation. With the MACD Level at zero, it indicates that the price is neither overbought nor oversold, suggesting the current price moves are impulsive rather than corrective.

Dogwifhat Crypto Price Momentum and Future Outlook

Dogwifhat (WIF) is currently in a volatile phase, swinging between $2.18 and $3.12. Despite a downward trend over the past week and month with decreases of 10.41% and 8.47% respectively, the coin has shown remarkable growth over the last six months, jumping by 106.83%. The price movement indicates a strong impulsive wave, considering the six months' performance. The coin moves above the 10-day average but slightly below the 100-day, suggesting a mixed sentiment. The technical indicators like RSI and Stochastic hint at a potential for further gains, positioning the coin for potential upward mobility towards its nearest resistance at $3.71, provided it maintains momentum and holds above the key support level at $1.83.

Conclusion

Meme coins like BONK, SHIB, and PEPE, along with WIF, may not be the best picks for short-term growth, especially considering the current bull run in 2024. Instead, attention should shift to BlastUP. This coin stands out due to its solid concept and its integration within the Blast ecosystem, which offers a compelling reason for its potential high performance in the market. BlastUP's placement and association provide a strong case for investors looking to diversify and capitalize on emerging opportunities.

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