Among the most active tokens in the cryptocurrency market right now are memecoins. Several well-known meme currencies, which are known for their volatility, have increased by over 10,000% in the last few months. Investors have made significant gains by jumping on the appropriate memecoin at the proper times. Not all memecoins, though, are as successful as this, so investors must find high-potential tokens before they see notable increases in value.
After a phase in which Bitcoin (BTC) gained prominence, especially after its underlying spot Exchange Traded Fund (ETF) was approved, the memecoin market has significantly changed in terms of growth trajectory.
Here are five memecoins that are exhibiting bullish momentum as the month of March gets underway. You may want to consider buying these assets when the bull rally draws near.
Prime Memecoins Selections for the Impending Bullish Surge
Shiba Inu (SHIB)
The original “Doge killer” token, Shiba Inu, has shown to be a meme cryptocurrency that endures. When the currency reached an all-time high of $0.000080 in 2021, it shot to prominence. With Shibarium, a layer-2 scaling solution based on Ethereum, Shiba Inu asset seeks to increase the uptake of SHIB.
Undoubtedly, one of the most well-liked memecoins, Shiba Inu has a thriving community. It has struggled to break beyond the $0.00001 barrier level, but it is currently trading at $0.00002066, up 44% over the last day. In just one week, the asset has increased by 115.39% thanks to the current rally.
PEPE
Since Dogecoin and Shiba Inu, PepeCoin is considered by many to be one of the most successful memecoins. In April, this coin had an increase of over 10,000%, attracting the interest of major financial media such as CNBC. It served as a warning to the rest of the globe that cryptocurrency is still a lucrative business, even in the midst of the current crypto winter.
As of this writing, PEPE’s value is $0.0000238, up 238.6% over the previous week and 15% over the previous 24 hours. PEPE may still be able to offer additional uptrend with its current outlook.
Dogecoin (DOGE)
The first memecoin was introduced as a joke in 2013 and is called Dogecoin. The memecoin has no cap on the number of $DOGE tokens that may be mined, but it utilizes the same source code as Bitcoin.
Dogecoin, according to many, is the money of the future, even if its tokenomics don’t appear like they would hold value. With the token, anyone may send money rapidly and cheaply to anyone, anywhere in the globe. It may be even more effective than Bitcoin for transferring tokens across wallets.
With a 10.76% gain in just one day to $0.1384, the coin is demonstrating its leadership. Its market cap has also increased to $19,865,600,592. Dogecoin’s price has surged by 61.03% in the last week, indicating the ecosystem’s ongoing optimism.
BONK
50% of the whole supply of BONK, another memecoin rooted in Solana and created by the people, will be airdropped to the Solana community. The Bonk contributors intended to create a lighthearted memecoin where everyone has an equal chance since they were sick of the nasty “Alameda” tokenomics. Bonk has increased by 11% in the last day. As a result, its market capitalization increased to $1.65 billion and its weekly gains reached almost 100%.
BONK, whose growth is strongly linked to the Solana upshoot, has grown by 4.07% in a day to reach $0.0000238. BONK’s price has surged by 103% in the last week, highlighting the overwhelming stance that its bulls have taken.
Floki Inu (FLOKI)
Following the tremendous popularity of $SHIB in 2021, a number of meme currencies with a Shiba Inu motif were introduced, including Floki Inu. Elon Musk’s dog, Floki, is named after a Norse god, which is how this token received its name.
Fun is at the heart of $FLOKI. Even though this token has no practical use, memesters are still adopting it. In the weeks following its launch, the token’s value increased by almost 7,000%, and its trading volume reached $225 million. Floki joined the current uptrend and surged to $0.0001126, rising 84.36% in a day and more than 220% in the previous week. The market capitalization of Floki is $1,045,837,454.