The memecoin market is in a bull run and is expected to continue rising in the coming months. With the Fed's rate cuts, memecoins such as Dogecoin wif, Pepe, etc. show strong potential and market sentiment is high. In addition, investors should seize the current low-price buying opportunity to profit from the upcoming bull run. The innovation and surge in demand for multiple memecoins indicate huge upside.
The memecoin market is on the cusp of a major bull run!
The Federal Reserve is set to cut interest rates in September, which is undoubtedly a positive scenario for risk assets such as cryptocurrencies and memecoins. However, the market is forward-looking, and cryptocurrency prices may surge in August as investors buy ahead of rate cuts. Therefore, investors may have only a very short time to prepare for the upcoming bull run.
Fortunately for them, several large- and mid-cap memecoins are near local bottoms following the cryptocurrency crash earlier this month, providing an excellent buying opportunity for OTC investors.
Additionally, demand for new meme coins is surging. Due to their lower market cap, they can often offer higher returns, as was the case during the bull run earlier this year.
6 best meme coins to buy and get 100x returns in the next bull run.
PEPE
Not surprisingly, investors can still earn $10,000 or more in returns with Pepe coins. In a cycle dominated by Solana meme coins, Pepe continues to deliver outsized returns on Ethereum. In fact, savvy investors now view PEPE as a beta bet against ETH due to the high correlation between the two.
This means that the frog-themed meme coin is far from reaching its cyclical peak. After all, experts believe that Ethereum’s price could reach $10,000 by 2025, thanks to the bullish impact of the spot ETH ETF.
Considering that Pepe behaves like leveraged ETH, analysts believe its valuation could reach $50 billion.
After all, Dogecoin (the best performing meme coin in the last cycle) peaked at over $80 billion. So, considering that Pepecoin is likely the best performing meme coin in this cycle, a $50 billion target is not out of the question.
DOGE
Dogecoin is our pick for the best memecoin to buy. Despite its high market cap, DOGE remains severely undervalued. At press time, it is trading at $0.106, 85% below its previous all-time high.
Despite its poor performance so far, Dogecoin is replicating the same pattern it created before its 2021 surge. Consolidation within a descending triangle followed by a pullback. Therefore, 10x gains would not be uncommon for the top meme coin in the coming months.
After all, DOGE remains Elon Musk’s favorite cryptocurrency and it is rumored to be integrated into the X platform. Musk also hinted that Tesla may soon accept DOGE as payment for its electric vehicles.
Therefore, experts still believe that DOGE will hit new all-time highs in this bull cycle. In fact, $1 could be a possible target, which means new buyers could still potentially receive nearly 10x returns.
Floki
Inspired by the meme coin phenomenon led by Dogecoin, Floki Inu has quickly become a major player in the cryptocurrency market, potentially delivering a staggering 1,000% return by the end of 2024. Named after Elon Musk’s beloved Shiba Inu, Floki Inu stands out for its strong community and aggressive marketing strategy. While Floki Inu is rooted in meme culture, it aims to go a step further by adding real value to its tokens through the creation of practical applications such as NFT marketplaces and the Metaverse. With an engaging brand and an active social media presence, Floki Inu has attracted a loyal group of investors hungry for high returns.
Despite initial skepticism, Floki Inu has shown resilience and rapid growth, thanks to a passionate community and a dedicated development team. If Floki breaks above the nearest resistance at $0.000158, it could surge by more than 40%. Additionally, reaching the second resistance at $0.000199 could result in a massive surge of more than 80%. With signs of strengthening bullish activity, Floki is poised for potentially massive growth.
WIF
As the flagship Memecoin of the SOL ecosystem, WIF stands out with its unique design and strong community support. The market predicts that its price is expected to hit $10 and compete with PEPE at the market peak in Q1 2024.
There are many people who support Pepe. I think Pepe is not a match for Wif, but SHIB is. I think Wif is likely to overthrow SHIB. Because the new king of Meme will be born in Solana. The last round of Meme king Pepe has been dethroned, but what about the original king of Meme? SHIB may not be a match for Wif.
This is not an exaggeration, it is just that ETH was defeated by the new king Solana. Let me tell you a jumping theory, if Wif and Shib are close, there will be a Shib hodl jumping to WIF, so that WIF surpasses Shib.
) is currently trading between $1.15 and $2.03, showing strong signs of growth. Its price has surged by nearly 22% in the past week, while it has risen by more than 35% in six months. Despite the bullish trend, WIF faces immediate resistance at $2.43. A breakout above this level could allow it to rally to the $3.31 mark, which could lead to a breakout if a bull run begins.
