5 Best Meme Coins To Invest In For The Next Crypto Bull Run - Next Shiba Inu Contenders
Release: 2023/11/03 09:01 Reading: 934
The Bitcoin-led crypto market rally has also kick-started the meme coin season, with Pepe and Floki being the two best performing crypto assets over the past week.
Experts are in consensus that meme coins will have another dominant showing in the next crypto market bull run, as they remain highly-correlated with the Bitcoin price. These tokens are also displaying bullish continuation even when Bitcoin consolidates.
Over the past few months, there has also been a growing demand for meme coins that offer important utility. Tokens such as Floki (FLOKI), Meme Kombat (MK) and Wall Street Memes (WSM) are all seeing robust demand, thanks to their high utility.
Best Meme Coins To Buy For The Next Crypto Bull Market
Due to the imminent spot Bitcoin ETF approval, most Bitcoin price predictions have BTC hitting the $40k price mark before the end of the year. The upcoming Bitcoin halving and the Federal Reserve pausing their interest rate hikes only make this bullish case stronger.
Consequently, experts are predicting meme coins - including some new presale tokens - to display explosive price growth over the next few months.
This article lists the 5 best meme coins to invest in for the next crypto bull market.
Pepe (PEPE)
Pepe coin continues to dominate the current crypto market rally, surging over 82% over the past week - posting the second-largest gains of any top 100 cryptocurrency.
The frog-based meme coin is seeing a remarkable turnaround, considering that just two months ago, investors did not have confidence in its long-term potential. Their confidence was shaken by a rug pull in which Pepe devs sold $15.8 million worth of $PEPE holdings, leading to sharp decline in the meme coin’s price.
However, the token’s official Twitter account pinned the blame of the rug pull on a few bad apples within the team and promised that the remaining tokens will either be burned or used for community-centric purposes. Indeed, the Twitter account announced earlier this week that $6 million worth of tokens have been burned.
Consequently, in just a couple of months, Pepe has gone from being a distressed asset to leading the crypto market rally, with bulls calling it one of the most decentralized meme coins in the market.
Furthermore, Pepe remains one of the few meme coins that is available on Binance, which will continue to give it a strong boost during the next crypto bull market. In fact, there is increasing speculation that the token could be listed on Coinbase next.
The Pepe coin price is currently trading near the $0.0000012 price mark and TradingView - a technical analysis platform - reveals that the token could see more buying pressure, giving it a “Strong Buy” signal in both the daily and the weekly time frame.
Meme Kombat ($MK)
Unlike other meme coins on this list that have already exploded, the new Meme Kombat token is still in its presale, allowing investors to take maximum advantage of its explosive price action. This could be the perfect opportunity for meme coin enthusiasts who missed out on tokens like Pepe and Doge at their initial launch.
Despite its newcomer status, Meme Kombat is currently experiencing a robust demand in its ICO, having already raised close to $800k in just over a month. Indeed, smart money traders such as Michael Wrubel have revealed that they are bullish on the meme coin, while Joe Parys Crypto - a YouTuber with close to 400k subscribers - has included it in his list of “top 5 meme coins for 2024”.
After all, Meme Kombat has taken strong steps to distinguish itself from other utility-less shitcoins in the space. In fact, the token is a combination of some of the most in-demand trends of the crypto market such as GambleFi, Play2Earn, artificial intelligence and staking.
The first season of Meme Kombat - which will start immediately after the token’s launch - will see 11 fictional characters engage in AI-powered, exciting and unpredictable battles. Each character represents a popular meme coin such as Doge, Shiba, Pepe, Floki, etc.
The platform will allow players to bet on the outcome of the game - they can wager against each other or against the house, while also engaging in side-action betting.
The Meme Kombat also allows investors to stake their tokens in the presale itself and earn passive income, currently at an APY of 112%. They will also have the option to allocate a portion of their staked tokens towards betting as well.
However, the token’s most attractive feature is its fully-doxxed developer team, which offers transparency and security to investors. Meme coins with anonymous teams carry the risk of rug pulls and scams, as seen recently in the case of Pepe coin. Instead, the identity of each team member behind the Meme Kombat project has been revealed, including its founder Matt Whiteman.
Wall Street Memes (WSM)
Wall Street Memes is another newly-launched token that is being backed by experts to display explosive price growth, making it one of the best meme coins to invest in for the next bull run. The token continues to be one of the best-performing tokens on the meme coin market, surging 12% over the past 24 hours and 25% over the past week.
$WSM launched on the 27th of September this year after completing one of the hottest presale performances of 2023, raising over $30 million in just a few months. In fact, a crypto whale invested over $1 million into it during the presale itself.
Since then, the token has launched on a number of Tier-1 centralized exchanges such as LBank, BingX, BitMart, Gate.io, MEXC and others. New platforms continue to list $WSM - just today, KuCoin Futures have launched the $WSM Perpetual Contracts, allowing investors to trade with up to 20x leverage.
Wall Street Memes’ biggest strength is its strong community backing, which carries a lot of weightage in the crypto market. The token has its roots in the Wall Street Bets Reddit community that sparked the GameStop bull run in 2021.
Since then, the Wall Street Memes group has gained enormous online following, with over 1 million followers across all its social media pages. Even Elon Musk is a fan of its Twitter account.
The developer team behind $WSM also has a stellar reputation in the Web3 space, which fosters trust in investors. Its Wall St Bulls NFT collection sold out in just 32 minutes, netting a cool $2.5 million in profits.
The team has recently launched the Wall St Memes Casino, which offers over 5000 games and sports books. Players signing up to the casino will also receive a 200% signing bonus, worth up to $25,000.
Floki (FLOKI)
The Floki crypto is another token that is a consensus pick amongst experts for the best meme coins to invest in for the next bull market. The token’s price potential has been evident over the past few days as its price has surged close to 87% over the past week, making it the best performing top 100 cryptocurrency.
Floki has appreciated close to 12% on Friday itself, thanks to an 80% surge in its 24-hour daily trading volume.
The token’s ongoing bull rally could be attributed to the launch of its new utility token - named TokenFi - to capitalize on the trillion-dollar tokenization industry. Floki has also announced its staking program, which was also well-received by the community.
Similar to Pepe, Floki continues to receive a strong boost from the fact that it is one of the few meme tokens that is listed on Binance. Investors also believe that the token could be listed on Coinbase in the near future, thanks to its enormous price potential.
The token is currently outperforming all the important moving average indicators in the daily time frame, receiving a “Buy” signal from TradingView. Experts are also bullish on Floki crypto in the long term, with Ben Buckwalter - who has close to 100k followers on X - predicting that the token will eventually flip $SHIB and become the next Shiba Inu.
Dogecoin (DOGE)
Dogecoin’s inclusion on this list of best meme coins to buy should not be any surprise, considering that it was one of the best performers during the last crypto bull market. Some analysts think $DOGE will have its day again, and is a safer bet than chasing the ‘next Dogecoin’ or ‘next Shiba Inu’.
The top meme coin today boasts a market cap of over $10.1 billion, making it the 8th largest cryptocurrency according to CoinMarketCap.
Despite tokens such as Pepe and Floki receiving the majority of the attention in recent times, Dogecoin has also been showing bullish strength. DOGE has surged close to 20% over the past week and is currently trading above the $0.071 price mark.
Dogecoin continues to enjoy strong support from Tesla and X owner Elon Musk, which will likely be its biggest strength during the next bull market. Investors are also contemplating the possibility of Doge becoming integrated into Musk's vision for the X platform.
After all, Musk’s electric automotive company Tesla accepts Dogecoin payments, while SpaceX launched a satellite called Doge-1 to the moon. The meme coin also skyrocketed back in April of this year when Twitter changed its logo from the iconic blue bird to the Doge symbol.
Experts are also bullish on Dogecoin in the short-term, considering that the token is outperforming every important moving average indicator in the daily time frame. Bulls could next look to breach the 50-week Simple Moving Average at $0.074, followed by the 50-week Exponential Moving Average at $0.075.
Analyst @rektcapital tweeted that Dogecoin is currently facing the channel top resistance and a breakout will likely lead to a strong bullish continuation.
See our latest Dogecoin price prediction post here.
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