Missed Pepe Coin, Here’re 3 Ethereum Meme Coins To Buy In June

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As a seasoned crypto investor with a knack for identifying trends in the Memecoin sector, I am excited about the recent recovery of the cryptocurrency market and the notable uptrend in major altcoins. However, what truly piques my interest is the renewed momentum in the Memecoin sector, which has been appealing to speculative traders looking to capitalize on quick profit opportunities.

The cryptocurrency market bounced back with vigor after Bitcoin‘s reversal from $56,000 in May. A significant number of major altcoins recorded impressive gains, while the Memecoin sector surged even more robustly due to its allure for speculative traders adept at handling quick market shifts and seizing profitable opportunities. Notably, following the US SEC’s recent approval of the spot ETH ETF, Ethereum Meme coins were among the most noteworthy gainers in this rally. If you missed out on Pepe coin’s surge to its new peak, consider investing in Shiba Inu (SHIB), Memecoin (MEME), and Floki as they are currently displaying similar upward trends.

1) Shiba Inu (SHIB)

Shiba Inu, represented by the symbol SHIB, is a lighthearted tribute to cryptocurrency Dogecoin and was initially introduced as such in the digital world. Some essential aspects that set Shiba Inu apart are its robust social media following, strategic token burns aimed at decreasing availability, and ongoing expansion of its interconnected ecosystem.

Missed Pepe Coin, Here’re 3 Ethereum Meme Coins To Buy In June

In the day-to-day price chart, SHIB is gradually bouncing back due to the ascending trendline’s influence. The dynamic support has boosted the asset from its April 13th low of $0.0000183 to a current value of $0.000026, representing a 45% increase.

At the deadline for this report, the market capitalization of Shiba Inu stood at a staggering $14.7 billion, whereas its 24-hour trading volume saw a decrease to the tune of $250 million.

If the previously discussed support holds strong, there’s a possibility that buyers may surpass the resistance level at $0.00003. This potential breakthrough could serve as evidence that market sentiment is transitioning from selling during uptrends to purchasing during downtrends.

The post-breakout rally could push the asset to $0.000038, followed by $0.000054.

2)  Floki 

Floki is a cryptocurrency inspired by memes that has developed from its humble beginnings as a lighthearted tribute to Elon Musk’s Shiba Inu dog. At its heart, Floki’s platform includes Valhalla, an NFT gaming metaverse where players can participate in entertaining activities such as battles and asset trading to earn rewards.

Missed Pepe Coin, Here’re 3 Ethereum Meme Coins To Buy In June

As a researcher observing the cryptocurrency market, I’ve noticed that the consolidation trend has led to a shift in Floki’s price action. The bullish momentum that previously propelled the meme coin up to $0.000313 weakened, resulting in a bearish reversal. Consequently, Floki dropped 16% to trade at $0.000259. This downturn also significantly impacted the market capitalization, which now stands at $2.44 Billion.

If the pressure from suppliers causes the coin price to drop an additional 20%, it may find a floor at the rising trendline. This trendline, which has been in place for almost three months, could revive the waning bullish energy in FLOKI.

A potential rebound from this floor could push the asset beyond the $0.0000313 ceiling.

3) MAGA (Trump)

The MAGA Coin, alternatively referred to as TRUMP Coin, is a meme cryptocurrency that draws inspiration from the “Make America Great Again” phrase popularized by former U.S. President Donald Trump. By combining political finance (PoliFi) with traditional cryptocurrency foundations, this digital currency seeks to appeal to followers of Trump and conservative movements.

Missed Pepe Coin, Here’re 3 Ethereum Meme Coins To Buy In June

Beginning in the second week of May, the price of the Trump coin experienced a robust rebound from its support at $4.12, leading to a remarkable 256% price increase and a current trade value of $14.7. Consequently, the market capitalization swelled impressively to reach a staggering $637.4 million.

During this market uptrend, purchasers have made a significant move, surpassing the angular resistance trendline and the $10.5 horizontal level as barriers. Maintaining this advancement could give buyers the necessary foundation to initiate a more extensive rally towards their objectives at $22, followed by $25.

Key Takeaway

The ongoing market upturn is quite vigorous in the Memecoin domain, attracting investors looking for lucrative short-term gains. Shiba Inu (SHIB), Floki, and MAGA (TRUMP) are prominent Ethereum-meme coins displaying remarkable promise to fuel a sustained surge towards 2024. These coins gain attention due to their dedicated fan bases, groundbreaking initiatives, and impressive recent market trends.

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2024-06-02 14:40