Considered a pivotal event in the cryptocurrency space, Bitcoin halving seems to reflect a sense of frenzy among crypto market traders and investors globally. Amidst this frenzy, the meme coin universe has sparked global speculation and an uptrend in meme-based tokens continues to be expected following BTC’s halving. Here are 5 meme coins that experts expect to rise.
Will the meme coin boom continue?
With the price of Bitcoin falling recently due to market corrections, even the recent meme coin season has waned, giving rise to speculation that the meme coin rally will end. However, as the Bitcoin halving approaches, traders and investors are expecting a broader bullish trend in the market if BTC shows an upward trend with its halving. With each halving, Bitcoin’s market dynamics evolve, triggering a supply squeeze as mining rewards decrease.
An event that repeats every four years, the BTC halving marks a significant event in the cryptocurrency space, reshaping the token’s value and tokenomics. As optimism regarding Bitcoin’s halving grows, crypto market enthusiasts expect meme coins to follow a broader uptrend. Here are the five best meme coins that could explode after Bitcoin’s halving, according to CoinGape analysts.
The first meme coin on the list: Dogecoin (DOGE)
The largest meme coin by global market cap, as well as Shiba Inu’s most important rival, has demonstrated strong growth potential over the past few days. Dogecoin’s price has risen almost 95% in the past month, falling in line with the broader bullish trend witnessed across the coinverse. Meanwhile, the remarkable rise of DOGE price after a long period of notably slow performance was in line with Bitcoin’s ATH.
The price of Dogecoin currently stands at $0.1637 and the meme coin has risen above $0.2 in the last thirty days. This reveals the immense potential of DOGE bids and stirs speculation that an uptrend will occur soon following the BTC halving.
Shiba Inu (SHIB) also attracts attention
Another dog-based meme coin, Shiba Inu, which is a self-proclaimed Dogecoin killer, reflected optimism regarding the upcoming BTC halving. As seen recently, even the price of SHIB has followed the broader uptrend birthed by Bitcoin as mentioned above.
Positioned as the second-largest meme-based token by global market capitalization, Shiba Inu captured the attention of investors in the recent meme token rally, posting a massive 190% monthly increase. Coupled with the community’s ongoing token burning and recent developments, Shiba Inu shines with tremendous breakout potential post-halving. Shiba Inu (SHIB) is currently at $0.00002731 with a market cap and 24-hour trading volume of $16.09 billion and $1.06 billion respectively.
Pepe (PEPE) increased by 500 percent in the month
The frog-based meme token has made waves in the vast crypto sea in recent days. With a staggering 500% monthly increase, this Ethereum-based memecoin has garnered significant attention in the global crypto world, demonstrating its immense potential to move forward. After PEPE mirrored the meme coin rally, crypto market experts expect the token to reflect the uptrend echoed by BTC halving. Meanwhile, PEPE token traded at $0.000007548 with a market cap of $3.18 billion and a 24-hour trading volume of $826.87 million.
Floki (FLOKI) and WIF also entered the meme coin list
Another dog-based meme coin, Floki, has kept investors on their toes with a nearly 580% increase recorded in the last 30 days. In line with the recent meme coin excitement, this pump underlined FLOKI’s potential to reach greater heights in the future. While the market value of FLOKI, currently at $0.0002323, is $2.21 billion, its 24-hour trading volume was $801.88 million.
Dogwifhat, a Solana-based meme coin, also sparked a wave of optimism, with its price surging nearly 575% to $2.29 last month. With a market cap of 2.27 billion and a 24-hour trading volume of 323.18 million, the token is falling further in line with the broader bullish trend that meme coins and Solana have witnessed over the past few days.
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