As Bitcoin Pumps, Here Are the Best Meme Coins to Buy
As Bitcoin’s rally accelerates, with the BTC worth rising one other 7% on Wednesday to surpass $61,000 for the primary time since November 2021, altcoin markets are additionally pumping, with risk-seeking crypto traders on the hunt for the very best meme cash to purchase.
Final simply above $61,000, Bitcoin has risen a tremendous 18% already this week.
Big demand from US traders for spot Bitcoin ETFs seems to be the principle driver of the rally.
Spot Bitcoin ETF buying and selling volumes hit a brand new report excessive earlier this week, while BlackRock’s ETF noticed report inflows yesterday.
Bitcoin ETF inflows surge whereas Blackrock’s IBIT sees largest enhance on report pic.twitter.com/bQDVGqZWmn
— zerohedge (@zerohedge) February 28, 2024
The narrative surrounding Bitcoin’s upcoming issuance price halving (anticipated in April) can be supporting the upside.
Others are pointing to potential macro tailwinds, with the Fed anticipated to chop rates of interest subsequent yr.
Both means, Bitcoin seems to be odds on to check its report highs shortly.
And altcoin markets are additionally surging.
Solana (SOL), Cardano (ADA) and XRP (XRP) have been all final larger by about 3-4% in 24 hours, as per CoinMarketCap.
Main altcoins like these may simply supply potential beneficial properties within the area of 3-5x.
However traders gunning for larger returns within the 10x-100x area can be on the lookout for the very best meme cash to purchase.
Listed below are the 5 greatest meme cash to purchase that might ship enormous upside.
Finest Meme Cash to Purchase
Bonk (BONK)
Solana’s flagship dog-themed meme coin Bonk (BONK) is selecting up, however traders nonetheless have an opportunity to purchase the dip.
BONK was final buying and selling round $0.000016, up over 60% from this yr’s lows at $0.000010 help.
However BONK remains to be over 50% down from its report highs set in late 2023 round $0.000035.
And with a market cap of only $1 billion, BONK may simply rally 10-50x this bull market.
Buyers will recall Dogecoin and Shiba Inu hitting market caps within the $10s of billions again in 2021.
That’s why it ought to be thought-about among the finest meme cash to purchase.
Smog (SMOG)
A a lot smaller Solana-based meme coin various known as Smog (SMOG) has been turning heads just lately.
The dragon-themed token markets itself as providing Solana’s biggest airdrop of all time.
Merchants can qualify for the airdrop by shopping for a holding SMOG on Solana, or staking the token on Ethereum.
Regardless that its market cap stays modest at simply over $70 million, SMOG already boasts a powerful neighborhood.
Certainly, as per birdeye.so, it already has over 30,000 holders.
Given all the joy about Solana airdrops in current months, SMOG may achieve important curiosity within the coming weeks.
SMOG may ship no less than 10x beneficial properties to traders, therefore its rank in the very best meme cash to purchase.
Purchase SMOG Right here
Dogwifhat (WIF)
One other Solana-based meme coin that has been pumping as of late is Dogwifhat (WIF).
Up 100% this week, WIF now has a market cap of around $700 million, with momentum gaining.
Because the bull market matures, WIF can undoubtedly develop into a multi-billion greenback coin, with 10x beneficial properties doable.
WIF is certainly amongst the very best meme cash to purchase.
Frogwifhat (FWIF)
A brand new meme coin various to Dogwifhat known as Frogwifhat (FWIF), which includes a baguette-wielding French-themed frog with a hat,
The token launched on Uniswap on Monday and hit a market cap of as a lot as $4 million inside just a few hours.
Buyers now have an opportunity to purchase the dip, with the token having pulled again to a worth of round $0.0014 and a market cap of subsequently round $1.4 million.
A perusal of the frogwifhattoken.com web site reveals that the coin has been designed to reflect the success of Dogwifcoin, Bonk and Smog, and there are even rumors that the coin’s founders is perhaps the identical ones who’re behind the opposite aforementioned meme coin successes.
Potential patrons have to do their very own analysis however there’s a lot to love in regards to the coin.
For starters, over $3230k liquidity has been locked. This is a vital consideration for cash that listing on DEXs.
Locked liquidity means there’s zero probability of a rug pull, the place the undertaking group steals the funds of token holders.
Forgwifhat was additionally pretty launched, which means all 1 billion tokens have been instantly accessible on the open market.
No allocation of tokens for the event group or “advertising and marketing” functions reduces the possibilities of a token dump.
Frogwifhat goals to observe within the footsteps of different cash in that it’s an animal with a hat on, however this time it’s a Frog Wif a Beret, the beret after all being a staple of French tradition.
