The post Get Ready for Meme Season Comeback With These 5 Best Meme Coins After the Market Dip appeared first on Coinpedia Fintech News

As the crypto market drops, traders wait for the meme season to return. Meme coins tend to rise when the whole market is unstable. For this reason, we will point out the 5 top meme coins to watch at this moment: KangaMoon (KANG), Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) and Dogwifhat (WIF). 

KangaMoon (KANG): Among the Best New Meme Coins

KangaMoon (KANG) has become one of the most well-known meme coins lately. This presale star has already obtained over $6.4M and is on pace to reach $7M before May 2024 ends. Additionally, it has provided early buyers with a 290% ROI. Thanks to its SocialFi elements and unique utility, KANG is set to shake things up this meme season after the market dip. 

Unlike 99% of meme coins, KANG will have actual utility since it will be the main in-game currency in KangaMoon’s P2E game. With this meme coin, you can buy in-game assets and upgrade your characters. Additionally, KangaMoon gives all KANG holders exclusive access to weekly, monthly, and quarterly challenges for extra rewards. 

What makes KangaMoon stand out is its SocialFi elements. For example, KangaMoon now gives its most active community members free KANG tokens before its launch. Therefore, over 20,000 community members are now rushing to like and share KangaMoon’s social media posts, making KangaMoon the most active community in the meme coin space. 

This meme coin costs just $0.0196 as it is in Stage 5 of its presale – a 290% rise from its starting price of $0.005. However, KangaMoon has ties to the P2E gaming market, which is projected to reach $885M by 2028. With this resilient connection, its long-term growth potential is excellent. Experts predict a 100x jump for this meme coin after it hits Tier-1 exchanges in Q2 of 2024.

Dogecoin (DOGE): The Original Meme Coin 

Dogecoin (DOGE) is a meme coin that needs no introduction. It was the original meme coin launched in 2013. DOGE has survived several market cycles with its Shiba Inu mascot and large community. As we approach meme coin season, DOGE’s popularity throughout all these years could make it one of the meme coins to watch. 

The Dogecoin price movement rose from $0.07 to $0.12 in the past year alone. During that time, the Dogecoin market cap surged from $10.97B to $17.95B. This meme coin is also now trading above its 100—and 200-day EMAs. Thus, experts predict a surge to $0.19 for Dogecoin before Q2 of 2024 ends.

Shiba Inu (SHIB): Among the Meme Coin Titans 

Next, we have to mention Shiba Inu (SHIB)—another dominant force in the meme coin space. Shiba Inu attracted attention because of its fun branding and loyal community, which is similar to Dogecoin. If there is a season for memes soon, then with strong community backing, SHIB could reach unprecedented levels.

Regarding the price of SHIB, it fluctuated between $0.000028 and $0.000020 over the past month. The Shiba Inu market cap moved between $16.92B and $12.36B in that period. Moreover, SHIB is now trading above its 100 and 200-day EMAs. For this reason, market analysts foresee a rise to $0.000032 within Q2 of 2024 in their Shiba Inu price predictions. 

Pepe (PEPE): A Meme Coin Showing Good Resilience

Another of the best meme coins during this market dip is PEPE (PEPE). This meme coin represents the famous Pepe the Frog meme, which is widely known on the internet. If this meme season gets going, Pepe might breathe some fresh life into crypto markets. 

The Pepe price on the YTD chart also grew from $0.0000010 to $0.0000060. This meme coin’s market cap surged from $1.48B to $2.55B during that time. Additionally, over 12 technical indicators are in the buy zone for the Pepe coin. As a result, experts foresee a jump to $0.000011 before Q2 of 2024 ends for Pepe. 

Dogwifhat (WIF): Another Good Meme Coin To Buy 

Last, we have to talk about Dogwifhat (WIF). With the approaching meme coin season, Dogwifhat’s growth potential and meme-worthy branding might blast it to fame. The Dogwifhat price surged from $0.17 to $2.32 in the past year alone, and its market cap increased from $100M to $2.32B. 

Not only that, but the technical analysis for the Dogwifhat coin is also showing green. Notably, five technical indicators show green for Dogwifhat. Because of this, analysts have made a bullish Dogwifhat price prediction. They predict a rise to $2.91 within Q2 of 2024 for this meme coin. 

What Is a Meme Coin? 

A meme coin is a cryptocurrency valued by community participation and viral marketing. It is meme-worthy rather than based on conventional fundamentals or utility. Frequently, these coins have playful or funny themes, iconic characters, or cultural references that connect with internet culture.

Should You Buy Meme Coins?

Deciding on whether or not to purchase meme coins relies on your investment targets and risk preference. The following are some things that you should take into consideration:

High Risk and High Reward: Meme coins are highly speculative assets that can undergo immense price volatility. They have the potential for significant gains within short periods but also come with high risk.

Community and Hype: Look at the meme coin’s community involvement, social media presence, and viral marketing campaigns.

Utility: Consider meme coins with utility, like KangaMoon, since its adoption rate may be higher. 

Conclusion on the Best Meme Coins To Buy

Despite the cryptocurrency market’s instability, meme coins keep traders excited and interested. KangaMoon, Dogecoin, Shiba Inu, Pepe, and Dogwifhat lead the pack this coming meme season. However, KangaMoon stands out with its low market cap of $19.6M. This means it needs less new funds for its price to skyrocket. 

To obtain the best meme coin right now, sign up for its presale using the links below, and you’ll receive a 10% bonus on every purchase. 

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

Website: https://Kangamoon.com/

Join Telegram Community: https://t.me/Kangamoonofficial

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Filed under: Bitcoin - @ May 9, 2024 8:23 am