Are you trying to build a crypto portfolio and looking for memecoins to add to said portfolio? You’ve come to the right place. I’ve curated a list of 5 memecoins that you should consider buying.
1. Dogecoin ($DOGE)
When it comes to memes, Dogecoin is the first thing that comes to mind. Being the “OG memecoin” is a title that only belongs to Dogecoin. $Doge has been trading since 2013 and having survived 10 years in the crypto space, Dogecoin has proved to be resilient with a community that is a force to be reckoned with. Dogecoin has solidified itself as a top 10 crypto based on market cap, according to CoinMarketCap. Having reached $0.75 last bull cycle, many are expecting it to go to a dollar this bull cycle. Some even expect it to go past a dollar and go to two dollars. Dogecoin at this point should be considered not just a “bluechip” memecoin but a “bluechip” crypto. It is almost guaranteed that Dogecoin is here to stay and not going anywhere. With it potentially reaching a dollar, its current price of $0.08 is a good entry buying opportunity.
2. Shiba Inu ($SHIB)
Shiba Inu is currently in the top 20 of cryptos based on market cap as indicated by CoinMarketCap. Known as the “doge killer”, Shiba Inu aims to compete and overtake Dogecoin. Released in 2020, Shiba Inu exploded into the stratosphere and reached a market cap of 39 billion dollars (per CoinMarketCap). Shiba Inu previously reached a high of $0.00007 and is now consolidating at $0.00001. With the bull market near, it is common sense to think that Shiba Inu will at least reach its previous high. Considering reaching its previous high will only require a 7x from its current price, it’s a no brainer to bet on this crypto to produce serious gains in this bull market.
3. BONK ($BONK)
If you’ve been observing the crypto space these past couple of months, you would have noticed Solana going absolutely parabolic. Solana went from $20 in September 2023 to $120 in December 2023. Now, how is this related to $Bonk? Bonk is “the first dog-themed meme coin on Solana”, per CoinMarketCap. As Solana continues to increase in price, so will Solana ecosystem coins including memecoins like Bonk. With Solana showing strength these past couple of months, Solana based projects are expected to replicate Solana’s success.
4. PEPE ($PEPE)
PEPE is a memecoin that was launched on Ethereum in April 2023. As a fairly new crypto, PEPE has a lot of room to grow. According to CoinMarketCap, during this past bear market PEPE’s price experienced a 50x increase from $0.00000006 in April 2023 to $0.000003 in May 2023. Currently, PEPE is consolidating at $0.000001, which is a great entry price. Considering the fact that PEPE experienced a 50x in the bear market, It’s not outlandish to consider PEPE a 100x coin in the near future. Meaning, if it was able to 50x in a bear market, just imagine what it could do in a bull market.
5. COQ INU ($COQ)
Coq Inu is the most recently launched crypto in this list as it was made available for trading in December 2023. It is part of the Avalanche ($AVAX) ecosystem and similar to how $Bonk’s price has a strong association with Solana, the same is true for $Coq and Avalanche. When Avalanche recently went on a mini bull run to $48 in December 2023, Coq Inu also experienced a surge to its peak price of $0.000004 during the same time period. $Coq has seen a surge in price since its inception and as it went from $0.0000004 to $0.000004. That’s a 10x in price! Similar to $PEPE, If $Coq was able to 10x, just think of how much it will increase during this bull market..