The meme coin sector is experiencing a resurgence this July, highlighted by five standout cryptocurrencies: Dogwifhat (WIF), Myro (MYRO), Bonk (BONK), Shiba Inu Coin (SHIB), and Pepe (PEPE). Each meme coin to buy captivates with its distinctive allure and growing follower base. These assets are riding the wave of a recovering market, showing robust growth prospects.

1. Meme Coins To Buy – Dogwifhat (WIF)

Dogwifhat (WIF), a canine-inspired cryptocurrency on the Solana blockchain, has recently seen substantial growth. Earlier this year, its dynamic performance captivated the market. With a market capitalization now at approximately $2 billion, it ranks 43rd worldwide among cryptocurrencies.

Dogwifhat price chart

Currently, Dogwifhat is priced at $2.15. This figure is bolstered by a 24-hour trading volume of $586 million. Over the last week, the WIF price has increased by 5% following a market rebound.

However, the past month has shown a 35% drop in its value. This downturn mirrors a wider disinterest in meme tokens in digital currency. Despite this, since its launch, Dogwifhat has soared by 1163%. This remarkable growth highlights its potential as one of the top meme coins for risk/reward this July.

2. Myro (MYRO)

Myro (MYRO), a prominent meme coin from the Solana ecosystem, has captured the attention of cryptocurrency enthusiasts. Originated from an idea associated with the pet of Solana’s founder, Myro experienced a massive surge, climbing 3682% since its introduction. This increase came during the meme coin boom in January 2024, fueled by a potent online campaign and the community’s fondness for its mascot.

Currently, Myro is trading at $0.1482 with a daily volume of $28 million. Its market capitalization stands at $139 million, ranking it 289th on CoinMarketCap.

3. Bonk (BONK)

Bonk (BONK), a Solana-based meme coin themed around dogs, has made headlines by giving away 50% of its tokens to Solana users. This generous distribution quickly lifted its market cap to an impressive $1.6 billion.

Bonk current price is $0.0000235, marking a 3% increase in the last day. Throughout this year, its value has soared by 6249%. These figures position Bonk as potentially the best risk/reward meme coin for July.

4. Shiba Inu Coin (SHIB)

Shiba Inu Coin (SHIB) has surged in prominence within decentralized finance. This meme-centric cryptocurrency, established on the Ethereum blockchain, escalated in value by 129% over the past year. Its ranking on CoinMarketCap has climbed to 13th, with a market cap now at $10 billion. 

Currently, SHIB price is trading at $0.00001737, experiencing a slight dip of 1%. This uptick in value comes from heightened trading volumes, strategic token burns, and the introduction of Shibairum. These initiatives render SHIB an attractive option for investors eyeing substantial gains in the meme coin market.

5. Pepe (PEPE)

Pepe (PEPE), a popular meme coin on the Ethereum blockchain, is quickly gaining traction in the crypto community. Currently priced at $0.00001233, PEPE has slightly declined by 0.81% in the last 24 hours. 

Pepe price chart

Despite this, its weekly performance shows a 9% increase. Over the past year, PEPE’s value has surged by an impressive 667%, positioning it as one of July’s most promising risk/reward opportunities in the meme cryptocurrency sector.

Bottom Line

As the market gathers momentum, these five meme coins survive and thrive. With strong communities and unique characteristics, they offer compelling opportunities for those looking to engage with the lighter side of cryptocurrency investments.

The post 5 Best Risk/Reward Meme Coins For 5X Profit In July appeared first on CoinGape.

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Filed under: News - @ June 27, 2024 6:20 pm