Meme coins are altcoins that were originally made for fun and then evolved into actual utility in the crypto industry. Dogecoin, the world’s first meme coin, pioneered space, and Shiba Inu followed in their footsteps.
These tokens might be fun and all, but with the skyrocketing popularity of meme coins, investors could find joy as well as profits! Investing in these top 5 meme coins should make every investor’s portfolio glow green.
Here are five meme coins that have the potential to make a surprise rally in the next few days.
These meme coins climb up
QUACKER
Among the Shiba Inu-themed meme coins is the little-known Rich Quack, a duck-themed cryptocurrency with a vibrant community supporting the project. Accordingly Phoenix groupRich Quack is one of them most socially active Meme coins in space and is just behind Shiba Inu.
Based on data from Coingecko, the token flashes green on all timeframes, with the biggest gains coming in at 11% bi-weekly. At the token’s current price, we might see a larger price move as the bulls attempt to consolidate above its current support at $1.6731.
FLOKI
Floki inu is one of the most popular Shiba inu tokens available in the market. With a market cap of nearly $500 million based on Floki’s recent listings on several major exchanges such as KuCoin, OKXwith a possible binance listing in the future. This caught the attention of many investors and increased the trading volume of the token to nearly $200 million on the day of listing.
Image: StormGain
Image: StormGainAlthough FLOKI’s price has fallen since reaching its peak of $0.00006793, the token is still showing growth in later timeframes. Those interested in buying FLOKI should help the bulls defend its support at $0.00003774, which would allow the token to target higher highs.
TSUKA
Another lesser-known coin, Dejitaru Tsuka, is currently ranked 270th on CoinGecko’s cryptocurrency list and is showing gains in the medium to long term. The Japanese lore-themed token is very mysterious with few updates to its official one Twitter book page. However, the token recently reached 10,000 holders, which is a testament to how committed the TSUKA community is to the crypto project.
At $0.11756 support, the bulls have room for an explosive move higher if momentum allows. However, bulls are facing resistance at $0.15815, which needs a break in the medium to long term to allow room for movement.
Coin darlings with dog motifs
BABYDOGE
Baby Doge Coin (BABYDOGE) is a Shiba Inu token and a self-declared deflationary token that is currently one of the most socially active tokens on the market. With a market capitalization of over $500 million, BABYDOGE currently offers investors a supportive community push for listing the token on Binance.
At $3.1 price, the token’s support is strengthened by the bulls at $3.012 which, if it holds, will be the launch pad for BABYDOGE’s future bullish price action. Investors should keep an eye on the token’s current support as it is a crucial support for the token.
DOT total market cap at $8.6 billion on the daily chart | Chart: TradingView.com
DOGE
The “grandfather” of all meme coins, Dogecoin (DOGE), has the potential to go even higher. At the time of writing, DOGE is up nearly 8% on the weekly time frame.
DOGE is currently trading at $0.0882 with support at $0.08585. The token’s small trading range can be a catalyst for a major upside in the medium to long term. This means a strong tug of war between bulls and bears and it is only a matter of time before we will know who won the fight.
-Featured image of Outlook India