Top 5 Resurgent Meme Coins to Watch in July
The meme coin market is witnessing a resurgence, with five standout cryptocurrencies leading the charge: Dogwifhat (WIF), Myro (MYRO), Bonk (BONK), Shiba Inu Coin (SHIB), and Pepe (PEPE). These meme coins captivate with their unique appeal and growing followings, poised for growth in the recovering market.
1. Dogwifhat (WIF)
Dogwifhat, a dog-themed cryptocurrency on Solana, has experienced significant growth. Its market capitalization of approximately $2 billion places it among the top 43 cryptocurrencies worldwide. Currently priced at $2.15, Dogwifhat has a 24-hour trading volume of $586 million. Despite a 35% decline over the past month, Dogwifhat has soared by 1163% since launch, highlighting its potential as a high-risk, high-reward meme coin.
2. Myro (MYRO)
Myro, a popular meme coin from Solana, has gained traction due to its association with Solana's founder's pet. Experiencing a massive surge of 3682% since its inception, Myro is currently trading at $0.1482 with a daily volume of $28 million. Its market capitalization of $139 million ranks it 289th on CoinMarketCap.
3. Bonk (BONK)
Bonk, a Solana-based meme coin themed around dogs, has made waves by distributing 50% of its tokens to Solana users. This has propelled its market cap to an impressive $1.6 billion. Currently priced at $0.0000235, Bonk has increased in value by 3% over the past day and a staggering 6249% this year, positioning it as a potential top-performing risk/reward meme coin for July.
4. Shiba Inu Coin (SHIB)
Shiba Inu Coin, a meme-centric cryptocurrency on Ethereum, has surged in prominence. Its value has climbed by 129% over the past year, ranking it 13th on CoinMarketCap with a market cap of $10 billion. Currently trading at $0.00001737, SHIB has experienced a slight dip of 1%. Its growth is attributed to increased trading volumes, strategic token burns, and the introduction of Shibairum, making it an attractive option for investors seeking gains in the meme coin market.
5. Pepe (PEPE)