Five Top Meme Coins To Buy Now To Benefit From the Market Bearish Correction

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With the crypto market experiencing a slight bearish correction, resulting in many tokens dumping their gains, analysts project that the market will soon be flying again. As a result, investors need to source for projects that can give them huge returns during this dip.

Among core crypto niches that will sporadically benefit from the anticipated bull market is the meme coin market. Already, the niche has witnessed a remarkable surge since the start of the year, and market experts are not in doubt that the meme coin industry will spearhead the bull cycle. Reflecting on the meme coin frenzy in 2021, analysts posit that the 2024 bull cycle could replicate a similar feat.

Crypto experts anticipate a potential meme coin surge from 5x to 100x based on their market cap and trading volume. With this revelation about meme coin potential surges, investors should be on the lookout for the best meme coins to invest in ahead of crypto events such as the Bitcoin halving that is coming up in a short time. To make things easier, we bring to the readers the list of the 5 top meme coins to buy in the wake of the market downturn.

KangaMoon (KANG)

Even if you are a few months old in the crypto market, you should have come across the KangaMoon (KANG) frenzy that is changing the outlook of meme coins in recent times. KangaMoon is not just a meme coin. The project incorporates two key features to complement its meme coin status. These two features which are the SocialFi model and play-to-earn gaming have been reflected in its adoption by investors.

Through KangaMoon, users have rewards and prizes commensurate with their activities. Gamers are the most rewarded with several challenges, giving them good profits. Even though they have minimal contribution, spectators are rewarded by betting and predictions of gameplay. In addition, holders can earn free KANG tokens at presale by participating in community activities such as commenting on posts and sharing tweets aimed at promoting the project.

Armed with these features and user benefits, KangaMoon is credited as one of the top meme coins to spearhead the meme coin market in the bull run. The project is already in stage 5 of the presale and the KANG token is sold for just 0.0196. That means early buyers have gotten 290% returns. By investing in one of the meme coin titans shaping the $200B NFT market, investors can earn a significant ROI of up to 1000% after the end of the bull cycle.

DogWifHat (WIF)

DogWifHat (WIF) is a Solana-based meme coin that has sparked attention since the start of the year. Launched in November 2023, DogWifHat has risen by more than 5000% since inception with the price going from $0.067 on Jan. 8, 2024, to $4.85 on March 31, 2024. Although the token has since stumbled, going down to $3.8 in the past few days, DogWifHat’s impact in only a few months has been exceptional.

Analysts believe DogWifHat is just starting and the next Bitcoin halving could be truly remarkable for the token. With a market capitalization exceeding $3B, DogWifHat still has the momentum to give exponential increase. For investors looking for profitable trade ahead of the bull cycle, DogWifHat is one of the best meme coins to watch with a potential to reach $10 in 2024.

Shiba Inu (SHIB)

Shiba Inu (SHIB) has been in the meme coin space for a long time, rising to its highest price in 2021. Although the bear market has taken a significant toll on Shiba Inu, the meme coin is recovering now, having polled a year-to-date increase of 150%. Shiba Inu is one of the meme coins that have an actual ecosystem geared towards its development.

Its Shibarium layer-2 ecosystem provides faster transactions and lower gas fees across the broader Shib ecosystem. Recently, Shiba Inu has been making remarkable progress in terms of development. Its products such as Shibarium, and Shiba Name Service give it an edge over other meme coins, making it one of the best meme coins to buy for huge gains.

Dogecoin (DOGE)

Although many new meme tokens have infiltrated the market, Dogecoin (DOGE) still stands tall as a worthy meme coin. With a market capitalization exceeding $26B, Dogecoin is the meme coin with the most adoption in the market. Fueled by the Elon Musk adoption frenzy, Dogecoin has consistently performed both during the bear and the bull market.

Unlike the growth of DogWifHat which is sporadic, Dogecoin growth is steady, growing by 132% in the past year. The bear pressure was intense on Dogecoin earlier in the year, but the meme coin has shrugged it off, edging closer to the $0.2 threshold. Dogecoin has performed excellently across its weekly and monthly trading charts in recent times and could see a significant price increase soon.

Floki (FLOKI)

Inspired by the personality of Elon Musk, Floki (FLOKI) was created by the Shiba Inu community as a new meme coin. The token serves a host of features such as payment for transaction fees and governance rights on the Floki ecosystem. Unlike many meme coins, Floki is a deflationary meme coin using auto-burns to reduce the number of tokens in circulation. 

The Floki ecosystem houses several use cases and utilities. It has an NFT gaming metaverse, a host of DeFi products, a marketplace, and an educational platform. While most meme coins are built on the Ethereum blockchain only, Floki is compatible with both Ethereum and Binance Smart Chain. With a $2B market cap, Floki has a lot of room for growth, making it one of the top meme coins to invest in.

Closing Thought

In this article, we’ve researched analysts’ predictions of the top meme coins perfect for accumulation during the dip. While a lot of research might have been done underground to arrive at these meme coins, the importance of thorough research on the part of Investors can not be underestimated. As such, investors should conduct their research by looking at every market condition before making an investment.

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

Website: https://KangaMoon.com/

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