Meme coins are altcoins that were first created for fun and then evolved to be really useful in the crypto industry. Dogecointhe world’s first meme coin, pioneered space, with Shiba Inu following in his footsteps.
These tokens may be fun and all, but with the popularity of meme coins skyrocketing, investors can find joy as well as profit! Investing in these top 5 meme coins should make any investor’s portfolio glow green.
Here are five meme coins that could be making a surprise rally in the coming days.
These Meme Coins are highly regarded
Among the Shiba inu themed meme coins is the little-known Rich Quack, a duck-themed cryptocurrency with a vibrant community supporting the project. According to Phoenix groupRich Quack is one of them most socially active meme coins in space, only behind Shiba Inu by a small margin.
Based on data from Coingecko, the token flashes green in all time frames with the biggest gains being made at the biweekly at 11%. At the current price of the token, we may see a bigger price move as the bulls try to consolidate above the current support at $1.6731.
Floki inu is one of the popular Shiba inu themed tokens available in the market. With a market cap of nearly $500 million thanks to Floki’s recent listings on several major exchanges such as KuCoin, OKwith a possible Binance listing in the future. This caught the attention of many investors, almost reaching the token’s trading volume $200 million on the day of the listing.
Although the price of FLOKI has fallen since its high of $0.00006793, the token is still showing growth in the later time frames. Those interested in getting on FLOKI should help the bulls defend their support at $0.00003774, allowing the token to target higher highs.
Another lesser known coin, Dejitaru Tsuka, currently ranks #270 in CoinGecko’s cryptocurrency list, showing medium to long term gains. The Japanese Lore theme token is very mysterious, with few official updates Twitter page. However, the token recently reached 10,000 holders, which is a testament to how committed the TSUKA community is to the crypto project.
With support at $0.11756, the bulls may have enough room to make an explosive move to the upside if momentum allows. However, bulls are facing resistance at $0.15815, which needs to be broken in the medium to long term to allow movement.
Dog-Themed Coin Darlings
Baby Doge Coin (BABYDOGE), a Shiba inu themed token, is a self-proclaimed deflationary token that is one of the most socially active tokens on the market right now. With a market cap of over $500 million, BABYDOGE provides investors with a supportive community that exists today Push for the listing of the token on Binance.
At $3.1, the token’s support is reinforced by the bulls at $3,012, which if it holds, will be the starting point for BABYDOGE’s future bullish price move. Investors should keep an eye on the current support for the token as it is a critical support for the token.
DOT total market cap at $8.6 billion on the daily chart | Chart: TradingView.com
The “granddaddy” of all meme coins, Dogecoin (DOGE) has the potential to rise even more. At the time of writing, DOGE is almost empty 8% in the weekly time frame.
DOGE is currently trading at $0.0882 with support at $0.08585. The token’s small trading range could be a catalyst for a major medium to long-term bullish move. This indicates a strong fight between bull and bear and it is only a matter of time to find out who won the fight.
-Featured image from Outlook India