The post Meme Coin Mania Begins: Must Buy Memes This Uptober Rally! appeared first on Coinpedia Fintech News
With the meme coin market cap nearing the $50 billion mark, the meme coins mania is back in the crypto market. Further, the Bitcoin price ending the stagnation under the $64K level marks a market-wide recovery.
As Bitcoin surpasses the $65K mark, the top meme coins, Shiba Inu, FLOKI, and PEPE, give double-digit returns.
As the meme coin rally spearheads the broader crypto market recovery, here are the must-buy memes for an explosive run ahead! So, let’s look closer to analyze the next meme coin rally.
Must Buy Meme Coins:
PEPE
With a falling wedge pattern breakout in the daily chart, the PEPE coin is gaining momentum amid the broader market recovery. The meme coin has increased by almost 50% in the past ten days.
Currently, it has reclaimed the $0.000010 psychological mark with an intraday gain of 12.48%. This marks the second consecutive bullish candle following the 12.58% jump last night.
Furthermore, the bullish recovery limits the possibility of a death cross event in the March 50 and 200-day EMA. With a boost in bullish influence, the crucial EMAs are likely to regain the positive alignment.
Based on the previous bull run of more than 700% in early 2024, the falling wedge breakout rally shows the potential to create a new all-time high. Hence, the price projection of a 733% jump will likely reach the $0.00006370 mark in the coming bull run.
The PEPE token has a market cap of almost $4 billion and is the third biggest meme cryptocurrency. Hence, the likelihood of a six-time price jump seems unlikely, but the broader market recovery could help PEPE reach this bullish milestone.
Shiba Inu
Following Pepe, the Shiba Inu cryptocurrency meme coin has a market cap of $11.56 billion. Currently, it is trading at $0.00001963 and has increased by almost 17% in the past 24 hours.
Marking a falling channel breakout rally in the daily chart, the Shiba Inu coin price has increased by almost 50% in the past ten days. This increases the likelihood of a golden crossover as the 50-day EMA marks an uptick.
Based on the previous bull run in late February and early March 2024, the meme coin shows a potential of almost 300% jump. The recovery run could reach the $0.00005330 mark based on the price projection.
Hence, the recovery run has currently surpassed the 200-day EMA and the 50% Fibonacci level at $0.00001908. On the words of crossing above the $0.000020 psychological mark, the meme coin will likely reach the 100% Fibonacci level at $0.00006697.
Hence, the underlying potential for Shiba Inu is likely greater than the price projection of the early 2024 bull run.
FLOKI
Finally, the Floki meme coin has a market cap of $1.43 billion, currently trading at $0.001494. It has increased by 14.44% today, following the 9.28% jump last night.
This marks the breakout of a post-retest reversal of a falling channel breakout rally and a boost in bullish trend momentum. Based on the 9X gain in the early 2024 bull run, the price projection for the Floki meme coin targets the $0.0012 mark.
Hence, the underlying potential for Floki teases a new all-time high and a bull run beyond the $0.0010 psychological mark. Furthermore, the ongoing recovery rally teases a bullish crossover between the 50 and 200-day EMA for a golden crossover.
Curious if the FLOKI meme coin will create a new all-time high? Find out now in Coinpedia’s in-depth FLOKI price prediction for 2024 to 2030.
