- Dogwifhat (WIF) surged 2600% since February, poised for further growth, aiming $5-$10 range in May.
- Bonk (BONK) attracts attention with technical analysis, potential 2x rally, currently up 9% in 24 hours.
- Shiba Inu (SHIB) showcases resilience, with the RSI strategy indicating a potential bullish reversal, up 11% in 24 hours.
In the last 24 hours, there was a significant jump in Bitcoin costs of 5%. Bitcoin bounced from lows around the $56,000 level to the current cost of nearly $64,000. Not just Bitcoin, but the crypto advertise as an entire, particularly meme coins have too experienced noteworthy cost increments. Amid market fluctuations, there are a few meme coins that have stood out as major players within the market. Several factors make them shine in today’s market.
1. Dogwifhat (WIF)
Dogwifhat coin has made serious strides, even outperforming rival BONK in the latest price rally. The trigger for Dogwifhat’s surge came in late February when the price was around $0.30. Since that point, prices have proceeded to rise, with the price hopping a mind-blowing 2600%. Indeed even though the cost has experienced a later decay, it is still up by 20% in just the last week.
Although WIF is down 12% on the monthly chart, it has skyrocketed an astonishing 1,600% over the past six months. In the last 24 hours, WIF rose 22%, WIF could potentially reach a price between $5 and $10 in May, highlighting the growing popularity of meme coins and bullish sentiment.
2. Bonk (BONK)
Jacob Bury, a YouTuber with 38,000 subscribers, shares technical analysis and BONK price predictions. He explains his strategy of setting alerts at lower Relative Strength Index (RSI) levels to identify potential buying opportunities.
Bury highlights the importance of monitoring RSI levels, suggesting buying when the RSI falls below 40 during a bull market and selling when the RSI rises above 80. Looking ahead, Bury believes BONK could experience another significant rally in the next three to six months, potentially reaching the $0 region .00006, representing a 2x opportunity from current levels. In the last 24 hours, BONK rose 9%.
3. Shiba Inu (SHIB).
Shifting the focus to the popular Shiba Inu (SHIB) meme coin, Bury acknowledged the recent market decline but expressed optimism for SHIB’s future growth. In the last 24 hours.SHIB rose 11%. Bury highlighted considerable whale burns, including 14.9 million tokens burned recently and 35.8 billion tokens burned a few days ago.
From a technical point of view, Bury uses an RSI strategy, which aims to buy when the indicator drops below 30, as this level has historically provided a profitable buying opportunity for SHIB. Bury thinks that if SHIB can retest the $0.00000028 level, it could form a bullish double-bottom reversal pattern, potentially triggering a sustained upward move for the meme coin.
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4. Cat in a Dog World (MEW)
A month ago, MEW joined the pack of dogs after becoming one of the 8th largest meme coins by market capitalization. Since then, the lonely cat’s performance has struggled, with prices dropping by 51.8% and 28.4% in monthly and weekly periods.
Despite the recent dip in performance, the token remains one of the hottest topics among altcoins. In early May, crypto exchange Bidget named MEW the most sought-after altcoin on the exchange, beating out PEPE and SOL in the “#BidgetTrending Top Spot.” Currently, the token has shown a remarkable price recovery of 25.26% in the last 24 hours.
5. Brett (BRETT)
Brett drew inspiration from Matt Furie’s Boy’s Club animated series which was popular from 2005 onwards. Brett started his explosive rally on April 5 when the price was just $0.00043. On April 9, Brett reached an all-time high of $0.21, an incredible growth of 52,400% in just over 3 days.
Brett’s price chart shows a strong bullish trend, which is also characterized by a daily trading volume of $8 million. Interestingly, this token currently has a market capitalization of just $8 million. In the upcoming bull market, Brett could reach much higher levels, especially considering how high Pepe is traded.In the last 24 hours, Brett (BRETT) jumped 24.49%.
The future of meme coins within the crypto industry shows up promising, with their developing notoriety and flexibility amid market fluctuations. As evidenced by the recent surge of meme coins like Dogwifhat, Bonk, and Shiba Inu, these tokens continue to capture investor interest and showcase the potential for significant gains.
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