Top Meme Coins Send Out Buy Signal as Hype Remains Strong

Top Meme Coins Continue to Signal Buy Opportunities

Despite market volatility, top meme coins and tokens continue to exhibit strong rallies. Even at their elevated valuations, some assets continue to flash buy signals. Many meme tokens also engage their communities with calls to hold assets rather than selling prematurely.

Top Meme Coins with Buy Signals

On-chain analysis reveals buy signals for Dogecoin (DOGE), Pepe Coin (PEPE), Bonk, and dogwifhat (WIF), indicating a surge in investor interest and open interest.

• Dogecoin (DOGE): Despite a 3.07% dip, Dogecoin remains a popular meme asset.
• Pepe Coin (PEPE): Pepe Coin has recently experienced price swings, but its overall sentiment remains positive.
• Bonk: Bonk has demonstrated strong growth and is supported by a dedicated community.
• Dogwifhat (WIF): WIF has seen significant trading volume and community engagement.

Traders Beware of Slippage

Traders should be aware that significant slippage potential exists in the meme coin market, which may limit realized gains.

Community Support Drives Meme Coin Success

The primary factor driving the success of meme coins is their dedicated communities. Calls to hold assets for extended periods are particularly prevalent among PEPE, Dogwifhat (WIF), and GameStop Coin (GME).

Greed Sentiment Propels Meme Tokens

Despite buy signals and favorable data, meme assets such as PEPE remain susceptible to price volatility.

Trending Search Terms Reveal Meme Dominance

Trending search terms on CoinGecko indicate continued interest in meme tokens:

• Pepe (PEPE)
• Dog (DOG)
• Notcoin (NOT)
• Ethereum (ETH)
• FOMO Network (FOMO)

ShibaInu: A Hybrid Meme

Both PEPE and ShibaInu remain among the most actively traded assets on Binance. ShibaInu benefits from its association with both the meme narrative and a decentralized ecosystem.

Ethereum Gas Fees Driven by Meme Trading

The share of Ethereum gas used for meme-related transactions has recently increased to over 18%.

Meme Coins Spread to Other Networks

While Ethereum remains the primary platform for meme coins, they have also expanded to other networks, particularly Solana.

Can Meme Coins Continue their Rally?

The meme coin market capitalization remains strong at over $61B. Meme coins may benefit further from a broader altcoin market rally.

Conclusion

Meme tokens continue to exhibit resilience and irrational rallies. However, their performance is often tied to Bitcoin (BTC). Top gainers in the meme market include ELON, SHIB, PEPE, and BONE. Community engagement and FOMO play significant roles in driving their success.