Memecoins
Cryptocurrency expert predicts cryptocurrency explosion, led by Shiba Inu and Dogecoin
Andrew Kang, Cryptocurrency Expert made a case for meme coins, including major ones like Dogecoin (DOGE) and Shiba Inu (SHIB)He suggested that this category of crypto tokens could be the biggest winners during the expected year-end rally.
Meme Coins Still Have Room to Run
Kang mentioned in an X (formerly Twitter) job that Meme Coins likely represent most of the coins that have a chance of reaching new highs. He added that market participants need to be quite selective, given that there are hundreds of meme coins. Kang provided this bullish outlook for meme coins while stating that he believes that more than 98% of altcoins have exceeded this cycle and that only a handful of coins could reach new highs by the end of the year.
Dogecoin is likely one of the coins that Kang believes could reach new highs by the end of the year or early next year. He continued to claim that the leading meme coin could be one of the crypto tokens with their ETF. Most recently, he mentioned that the “chances of a DOGE ETF” look brighter than ever with regulatory clarity on the horizon.
Meanwhile, based on the analysis done by different crypto analysts, Dogecoin also has the potential to reach new highs later in this bullish period. Crypto analyst Crypto Kaleo affirmed that Dogecoin will outperform Bitcoin in this market cycle. He made this claim because he believes it is a supercycle meme and that the “king of memes will not be left behind.”
Crypto analyst Kevin (formerly OG Yomi) also shared a similar sentiment, mentioning that Dogecoin has the potential to surpass any gains made by the flagship cryptocurrency this year. In the meantime, Altcoin Sherpa Crypto Analyst also predicted that Dogecoin would make a massive move later this year. He added that Dogecoin is one of the “safest bets” anyone can make in this cycle.
The others are not left out
Cryptocurrency analysts have also made bullish arguments for other prominent meme currencies, including Shiba InuAnd Floki (FLOKI). Analysts like Javon’s Marks predicted that the second largest meme coin by market cap, it will lose another zero and reach $0.0001553 during this market cycle.
More recently, crypto analyst Capt Toblerone predicted that Shiba Inu could hit a new all-time high (ATH) as early as September, as that is when he predicts the meme coin will make its next parabolic move higher based on his Elliott Wave Theory analysis.
Meanwhile, crypto analyst Timeless Crypto has made a bullish case for FLOKI, as it predicted that meme currency could be a hit by the end of the year. He made this prediction while revealing that most of his meme coin bags are made of FLOKI.
Featured image created with Dall.E, chart by Tradingview.com