The crypto market is skyrocketing after the 2024 Halving event, especially the meme coins, which gained huge momentum in this bull run. The Bitcoin and Ethereum ETF approval by the United States SEC has had a huge impact on meme coin’s price surge.
In the crypto world, meme coins have made their own space by beating other coins in price and market cap. Here are some of the coins to consider in the current market scenario.
Crypto to buy in this bull run
- WIF
- SHIB
- KAS
- DOG
- NOT
- Dogwifhat (WIF): WIF is the most popular among meme coins, maintaining the #33 rank among the cryptocurrencies. On March 31, WIF touched its all-time high at the price of $4.72 with a market cap of $775.53 million.
At the time of writing, the coin is trading at the mark of $3.22, indicating a 12.70% drop in the weekly graph. The total return on investment provided by this coin is 1818.48%.
While talking about the technical indicators, in the 4-hour graph chart, WIF is indicating bullish and the 50-day moving average is towards the upside. The trend is strong, as indicated by the 200-day moving average, which is also indicating bullishness.
While talking about the price prediction, considering the 50 and 200-day moving averages, the sentiment is bearish, but it can regain its strength after making a deep correction.
Chart indicating gain from the launch of the token to till date Source: CoinMarketCap
- Shiba Inu (SHIB): is a dog-themed meme coin that launched in August 2020 and reached its all-time high in October 2021 at the mark of $0.00008845 with a $5.32 billion market cap. After that, it is still struggling to break its previous record, on March 6, 2024, this token managed to skyrocket its price and hit the mark of $0.00003556, with a $5.6 billion market cap, making it one of the most favorite meme coins among the community.
In a four-hour graph, Shib is currently trading bearish, and the 50-day moving average is also indicating bearish signs by moving down. The 200-day moving average is upward, indicating a strong trend.
The relative strength index is between 30-70, which indicates a neutral zone; however, the price of SHIB can jump upward by almost 5%. At the time of writing, Shib is trading for $0.00002387, down by 7.82% in a weekly chart.
Source: CoinMarketCap
Kaspa (KAS): The Kaspa network started its journey in November 2021, and its first price data appeared on January 1, 2022. In November 2022, the price of this token spiked to $0.01 per token, offering ROI of 694%.
In the last quarter of 2023, it got listed on Binance futures, already witnessing a price surge of 81,654%. At the time of writing, Kas is trading for $0.1727, showing a price surge of 23.20% in a seven-day graph. Halving for Kaspa is about to take place in August, eliminating millions of tokens from the supply and reducing the circulation of the token.
Most of the analysts predict a major price surge in its price after August, as the circulation supply will be reduced. While doing technical analysis, in the four-hour graph, the 50-day moving average is moving upward and indicating a bullish sign, and the same is indicated in the 200-day moving average.
By reviewing all indicators, the price of KAS can reach the mark of $0.5 per token by the end of 2024.
Source: CoinMarketCap
DOG•GO•TO•THE•MOON (DOG): The most attractive meme coin on the Runes Platform is DOG, commonly known for its high transaction speed and accuracy. It was launched on April 24, 2024, and gained a lot of attention from investors because of its platform.
DOG’s quick rise happened because of an effective airdrop campaign. The developer distributed 100 billion DOG tokens among 75,000 owners of Runestone Ordinal NFTs on the first day of its launch. This strategy not only boosted DOG’s value but also made it an important token within the Runes system.
While doing technical analysis, DOG’s 14-day RSI is at 65.90; however, its 50- and 200-day moving averages are not available. Right now, it is trading at the point of $0.00914 with a market cap of $915.07 million and a trading volume of $95.62 million. DOG hit its all-time high on June 4 by touching a milestone of $0.009746.
It is now 112% up in a 7-day graph, and the total ROI provided by this token is 98.08%.
Source: CoinMarketCap
- Notcoin (NOT): Launched in January 2024, and ranked as #49 among all the coins. NOT aims to redefine the concept of digital currency through its astonishing blockchain technology, and is designed as an efficient and scalable platform. It is popular for its low-fee transactions, support in smart contracts, and decentralized applications, which make it versatile by use in supply chains and other things.
While doing technical analysis, its major resistance and support levels are Resistance
Level 1: $0.013289 Resistance, Level 1: $0.007566 Support Level 2: $0.023340 Resistance Support Level 2: $0.004490.
In a four-hour graph, the 50-day moving average shows an upward trend, and the same is seen in the 200-day moving average.
With the help of technical indicators, the price of NOT can surge up to 45% in bullish sentiments, but if the price drops below $0.021, a deep correction can be seen in its price.
At the time of writing, the NOT coin is changing hands at $0.02411, showing a price surge of 171.26% in a 7-day graph, and the ROI is 123%.
Source: CoinMarketCap
