The cryptocurrency sector anticipates the upcoming Bitcoin halving, projecting a bullish outlook for notable meme tokens. Among them, meme coins to long Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), Pepe (PEPE), and Floki (FLOKI) have captured investors’ interest.
Although these digital currencies have experienced a recent price dip, they’re now positioned as top contenders for significant gains, with potential returns ranging from 20 to 50 times their value post-halving.
1. Dogecoin (DOGE)
Dogecoin (DOGE), the leading cryptocurrency inspired by the viral “doge” meme featuring a Shiba Inu, has experienced a decrease in its value over the last seven days. Despite this, its recent performance over several months has been remarkable.
With a market cap of $20.67 billion, it secures the ninth spot among cryptocurrencies and elevates it to the position of the foremost meme coin.
In the past year, Dogecoin has surged by an impressive 86%, drawing attention to a significant uptick in large-scale transactions. This activity, particularly from major investors or “whales,” signals a growing interest in Dogecoin as a lucrative investment, with projections of 20 to 50 times returns following the Bitcoin halving event.
Currently, the Dogecoin price is at $0.145. The meme-coin has seen a minor setback of 8% yet continues to capture the spotlight with its stellar market performance. It made significant strides in a bullish market, breaking past the $0.1 threshold and even touching above $0.2 before experiencing a modest pullback.
2. Shiba Inu Coin (SHIB)
Shiba Inu, a cryptocurrency born from internet meme culture, has displayed impressive growth in the decentralized finance arena. Based on the Ethereum network, SHIB has seen its value jump by nearly 89% over the past year.
However, it recently underwent a slight price correction, dipping by over 3.20% in the last 24 hours due to a bearish market trend. Currently, the Shiba Inu Coin price is at $0.0000218.