Dogecoin (DOGE)
The cryptocurrency market has been booming since the beginning of the year. In this context, it is possible to say that the meme coin industry is the pioneer of this, at least as of now. dogecoin It is one of the assets that has performed very well recently.
Its price rose nearly 40% on a two-week scale, briefly surpassing $0.22 for the first time since November 2021. It is currently trading at $0.20. However, many analysts are of the opinion that the rise is far from over.
X user Rekt Capital argued that Dogecoin ended the “macro downtrend” and started a new “macro uptrend.” “This is a move that could fuel a rally towards $0.30.” Additionally, ChatGPT predicted that the price of the meme coin could skyrocket to $1, depending on a number of important factors.
DOGE is the favorite cryptocurrency of Tesla CEO Elon Musk. While confirmations from him have influenced price increases for the asset in the past, he recently hinted that he might accept the coin as a payment method “at some point.”
It will be interesting to follow whether Musk’s support continues throughout April and whether this will positively impact DOGE.
Shiba Inu (SHIB)
The second largest meme coin by market cap SHIB It also had a very successful month. Its price, which rose significantly at the beginning of March, slowed down slightly in the following weeks.
The increase coincided with the development of layer-2 blockchain solution Shibarium. The network surpassed the 400 million mark in terms of total transactions on March 7.
The burn program was also a great success. The team behind the meme coin removed more than 15.5 billion tokens from circulation during March. This represents an increase of 2,300% compared to the figures observed in February.
It is not yet known whether last month’s positive performance will continue in April.
Dogwifhat (WIF)
Built on the Solana blockchain, the leading meme coin has undoubtedly become the rock star of crypto over the past few months. It saw the light of day at the end of 2023, and its price has exploded by 3,000% since the beginning of 2024.
Last week, WIF It reached an all-time high of $4.80, while its market value approached $5 billion. Thus, it left PEPE behind and became the third largest meme coin.
WIF’s impressive rise was likely fueled by listings on cryptocurrency exchanges such as Binance and Coinbase and support from industry participants such as Arthur Hayes.
Currently, meme coin has become the 31st largest cryptocurrency. Additionally, it is possible that another potential rally during April could place it in the top 30.
BOOK OF MEME (BOME)
This Solana-based meme coin is also worth finding a place on your watchlist. Released in mid-March BOME‘s market capitalization briefly rose to almost $1.5 billion and then fell to $850 million.
It has attracted the attention of some exchanges, including Binance, which lists the following trading pairs: BOME/BTC, BOME/USDT, BOME/FDUSD and BOME/TRY.
Its progress depends in part on greater support from trading venues. So let’s see if others will jump on the bandwagon in April.
Slerf (SLERF)
Finally, its price peaked in mid-March but has been declining ever since. SLERFWe will touch on . This meme coin was involved in questionable activity when the developer behind it accidentally burned $10 million worth of funds raised from investors during the pre-sale.
This should serve as a reminder that, despite the chance to generate significant profits, such assets can lead to devastating losses.
