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Why Should You Buy Meme Coins Right Now?

February 20, 2024
Reading Time: 4 mins read
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Amidst the altcoin season, the Bitcoin worth is taking a brief nap and warns of a pullback because the momentum shifts in direction of the altcoins. Nevertheless, the highest meme cash recognized for his or her risky, sharp, and lengthy jumps are taking a slower method this season. 

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Nevertheless, this second brings top-of-the-line alternatives to purchase high meme cash earlier than the precise bull run begins. With 8,776 blocks till Bitcoin halving, we’re within the Pre-halving rally, and the bull run is anticipated to realize momentum as we step nearer to the fourth halving occasion. 

Therefore, with the potential for 10x jumps, let’s take a look on the High Meme Cash, that are Dogecoin (DOGE), Shiba Inu (SHIB), and FLOKI (FLOKI).

High Meme Cash To Purchase Proper Now:

Dogecoin (DOGE)

Supply – TradingView

Thrilling out of a falling wedge sample, the DOGE worth development is using the wave of a breakout rally. Additional, the current spike from the 50-day EMA, Dogecoin, presents a development reversal alternative within the largest meme coin.

With the current turnaround accounting for a 12% leap, the meme coin claims the $0.0887 mark, aligning with the 23.60% Fibonacci degree. Additional, the spike in buying and selling quantity helps the uptrend in movement. 

Presently, the DOGE worth trades at $0.0883 with an intraday transfer of a 1.45% drop. However, the trend-based Fibonacci extension tasks a bullish goal at $0.1411 on this “Pre-Halving part.”

Shiba Inu (SHIB)

Supply – Tradingview

Being the second largest meme coin per market cap, the SHIB worth indicators a optimistic signal with the wedge breakout. Reclaiming the 50-day EMA to keep away from the downtrend continuation for a loss of life cross, the meme coin is buzzing once more. 

With the buying and selling volumes resurfacing to the final restoration part ranges, the continued breakout run for Shiba Inu is providing top-of-the-line shopping for spots. Shy from the $0.000010 psychological mark, the meme coin is able to skyrocket from this milestone. 

With the 200-day EMA sustaining a optimistic development, the SHIB worth development is formally in an uptrend. Optimistically, the Shiba Inu worth leap can scale to $0.000015 as per the Fibonacci retracement ranges. 

Presently, the Shiba Inu worth trades at $0.00000983, with a lower cost rejection candle presenting a possible leap in coming periods. 

Floki Inu (FLOKI)

Supply- TradingView

Presenting a excessive momentum bullish breakout development, the FLOKI worth performs higher than the highest meme cash. Surpassing the 50-day EMA, the Floki Inu worth development shows the trendline breakout as a triangle break with the 200-day EMA because the ascending boundary. 

Additional, the breakout run retests the 61.80% Fibonacci degree breakout efficiently and challenges the 78.60% degree at current. Presently, the FLOKI worth trades at $0.000035833, bringing an intraday development of 1.49%. 

As per the Fibonacci ranges and the rising momentum, the FLOKI worth is anticipated to outperform DOGE and SHIB this month. As the value motion expects the breakout run to achieve $0.000042. 



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