Markets
Top 3 Meme Coins to Buy with More Buzz than Bitcoin This Weekend
Meme Coins to Buy: This week, the crypto market saw a notable drop that triggered the Bitcoin struggling to stay above $70,000. With most major altcoins experiencing renewed supply, market sentiment points to prolonged consolidation.
In a recent tweet, popular trader Alicharts highlighted the significant slowdown in the coin industry. According to the analysis, meme coins suffered the largest losses during the latest market correction. Notably, major assets such as DOGE, SHIB, and PEPE saw their prices drop by 8.43%, 6.71%, and 11.35%, respectively.
The tree view provided by the charts reveals a wide spectrum of negative price changes among meme coins, marking them as one of the hardest hit assets. However, amid the widespread downturn, one coin managed to defy the trend. $TRUMP emerged as a surprising outlier, seeing a positive price change of 2.54%.
Read also: “Inflation Is a Hidden Tax on Your Money” Bitcoin Exchange Hits Fiat in New Ad
1) Meme Coins to Buy – Dogecoin (DOGE)
Dogecoin (DOGE) is a popular cryptocurrency created as a joke based on the “Doge” meme featuring a Shiba Inu dog. Over the past ten weeks, DOGE price has seen a steady correction trend guided by a descending trendline in the daily chart.
Dogecoin (DOGE)| Commercial view
The strong resistance caused this memecoin to plunge from $0.228 to $0.1449, registering a loss of 36%. Dogecoin currently holds a market capitalization of $21.08 billion, while the 24-hour trading volume is $799.
If supply pressure persists, DOGE could fall to the monthly support at $0.122 coinciding with the 61.8% Fibonacci support. For buyers to regain control of this asset, a breakout above overhead resistance is necessary.
If successful, the DOGE Price Prediction hinted at a rally to challenge the $0.228 high.
2) Pepe Coin (PEPE)
Pépé’s piece (PEPE) is a meme-based cryptocurrency inspired by the popular internet character Pepe the Frog. Amid the recent market correction, PEPE price hit a new high at $0.00001725 and fell 28% to $0.0000123.
Pepe Coin (PEPE)| Commercial view
According to Coinmarketcap data, Pepe coin boasts a market capitalization of $5.2 billion, while trading volume fell 34% to $1.31 billion. The coin’s price decline recently broke through a support trendline that enabled the recovery over the past two months. If the fault persists, the PEPE Price could plunge to the $0.000006 mark.
However, a whale recently purchased 231.6 billion Pepe coin (PEPE) tokens worth $2.9 million from Kraken. This brings the whale’s total holdings to 750.34 billion PEPE, valued at $8.34 million, acquired at an average price of $0.00001111 since March 16.
The downward accumulation indicates that whales are positive for the future growth of Pepe Coin.
Read also: Pepe Price Prediction: On the cusp of 35% action to $0.00002
3) MAGA (ASSET)
MAGA (ASSET) is a meme-based cryptocurrency launched in August 2023, inspired by the slogan “Make America Great Again”. This token aims to blend political sentiment with blockchain technology, creating a unique niche in the crypto market.
MAGA (ASSET)| Commercial view
TRUMP coin has seen a steady rally since April, as evidenced by the series of lower higher formations in the daily chart. The recovery trend pushed memecoin from $3.54 to $17.75, recording 400% growth.
At a recent fundraiser in San Francisco, Donald Trump has positioned itself as a staunch defender of cryptocurrency, strongly opposing Democrats’ regulatory efforts. Trump promised that if re-elected, he would end these regulatory measures within the first hour of his administration, saying he would be the “president of crypto.”
Thus, market participants are positive towards the MAGA coin movement, suggesting a sustained rally to $20.5, followed by $25.5.
Read also: Pro-Bitcoin Salvadoran President Predicts Donald Trump’s Victory in 2024 US Elections
Key to remember
The crypto market has seen low volatility since April-May, following the consolidation of Bitcoin prices. However, despite the slow price behavior, MEME sectors offer dynamic movements due to their volatile nature, sensitive to market sentiment and speculative trading.
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