As a researcher with experience in the crypto market, I have closely observed the recent trends and fluctuations. The current state of the market, with the fear and greed index indicating neutrality, has led to a decline in the global market cap and trading volume. However, meme coins have shown resilience and have outperformed other cryptocurrencies.
The crypto market is experiencing a challenging phase, according to the fear and greed index, which indicates a neutral stance as buying and selling activities are evenly balanced. The total market capitalization and trading volume have both decreased compared to previous levels. Notably, meme coins have outperformed other cryptocurrencies, garnering significant interest among investors.
Let’s explore the four membrane coins that could potentially yield 100X returns before the crypto market bounces back, in this blog post.
Top Meme Coins For 100X Gains
Over the past few days, I’ve noticed some impressive gains in certain meme coins such as ERC20 token and The first YouTube Cat (PAJAMAS). These coins have experienced a significant rise, with The first YouTube Cat surging over 200% this week alone. This unexpected upward trend for less popular meme coins could be an early sign of the approaching meme season preceding the bull run.
Despite this, cryptocurrencies such as Dogecoin, Shiba Inu, Pepe, and Dogewhats have shown impressive potential and are expected to continue doing so in the future. Let’s delve into each of them individually.
Dogecoin
Although Dogecoin holds the title as the most well-known meme coin, it has experienced a significant setback this month, causing its value to plummet by 34% to $0.1408 and reducing its market capitalization to $20,286,676,415, representing a 5% decrease. Nevertheless, this downturn presents an opportunity for potential profits. If the market recovers, Dogecoin could potentially reach new heights due to its popularity and esteemed status within the crypto sphere. Furthermore, its all-time high price of $0.7376 serves as a reminder of its capability to attain such values once more.
Despite a decrease in value during that time, the trading activity remains robust, with a notable increase of 24.56% that boosted the total value up to $856,514,946.
Shiba Inu
Shiba Inu hasn’t lagged far behind Dogecoin in terms of popularity, as many have recognized its potential to outshine other meme coins. Following a two-year high of $0.00003592 in March, the price of SHIB has dropped to its present value of $0.00002331. In the past month, there’s been a 24.57% decrease in value. However, analysts predict that with a recovery, it could surpass its previous surge from March.
The trading activity for Shib is on the rise, signifying growing market interest. In the past 24 hours, there has been a noteworthy surge of 19.21%, which lifts its trading volume to an impressive $432.07 million.
PEPE
Despite his past reputation as a meme coin for quick profits and subsequent sell-offs (pump-and-dump), PEPE has seen unprecedented growth this year, outperforming all other cryptocurrencies. Only two months ago, PEPE reached an all-time high of $0.00001074. A market recovery in crypto could potentially help PEPE regain those heights once more.
I’ve been closely monitoring PEPE lately, and currently, it’s trading at a price of $0.000006971 with a market capitalization of approximately $579 million. The 20-day and 50-day Exponential Moving Averages (EMAs) have shown an upward slope recently, which is an encouraging sign for potential recovery. Analysts forecast PEPE could surge up to $0.0000108 mark after a potential 45% price increase in the coming days.
Dogwifhat
Dogewhatz has achieved remarkable success as a meme coin on the Solana platform. It has maintained profitability for an extended period, reaching its peak price of $4.85 about a month ago. In just a short time since its introduction to the market, Dogewhatz has garnered significant attention and acclaim.
Dogecoin, like other cryptocurrencies, experienced a sluggish uptick in value this month. However, given its historical trends, there’s optimism it will rebound strongly when the market recovers. Currently, the token is priced at $2.69 with a total market capitalization of over 2.7 billion dollars.
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2024-04-30 08:54