Memecoins
The 3 Best Meme Coins to Buy as Bitcoin Under $65,000 Triggers Another Correction
Meme Coins to Buy: The cryptocurrency market saw high volatility this week as macroeconomic data created a shift in investor sentiment. While the recently released CPI and PPI data favors risky assets, Bitcoin barely reached $70,000 on Wednesday and immediately came back.
On Friday, BTC price plunged 2.3% to a level of $65,000, signaling the continuation of the current correction trend.
Cryptocurrency analytics firm Santiment reports that Bitcoin’s fall to $65,000, its lowest level since May 16, has sparked fear among traders. Increasing mentions of “selling” and “taking profits” on social media suggest widespread panic.
😨 Crowd shows fear after Bitcoin fell to $65,000, its lowest market value since May 16. Spikes in mentions of #sale Or #takeprofit are common after a decline, and a temporary rebound and buying opportunity may form if we see continued FUD and panic from small traders. pic.twitter.com/KwMjGogz4x
–Santiment (@santimentfeed) June 14, 2024
Santiment notes that such spikes in sales talk are typical after significant declines, often leading to temporary rebounds. This pattern of fear-driven decisions highlights potential buying opportunities for savvy investors amid market volatility.
Read also: Bitcoin Buys Dip Calls, But BTC Price Drop Below $65,000 May Be Fatal
1) Meme Coins to Buy – Dogecoin (DOGE)
Dogecoin (DOGE) is a decentralized cryptocurrency that started as a satirical meme but has since attracted a significant following. Over the past 11 weeks, DOGE price has been in an active correction trend marked by a descending trendline in the daily chart.
Dogecoin (DOGE)| Commercial view
Under the influence of this dynamic resistance, the dog-themed memecoin rose from $0.228 to $0.133, registering a loss of 41.8%, while the market capitalization fell to $19.25.
While the market as a whole signals a continued downtrend, the Dogecoin Price could slide another 8% to seek support at $0.122. The coin price has rebounded from this support twice in three months, indicating a strong accumulation zone.
If support holds, the consolidation trend will extend and attempt to break above the overhead trendline. If buyers turn the resistance above into potential support, the coin’s price could pursue a potential target of $0.175, followed by $0.228.
Read also: Bitcoin, Dogecoin and Shiba Inu are falling significantly: here’s why
2) Pepe Coin (PEPE)
Initially launched to capitalize on the viral nature of Pepe the Frog meme, Pepe Coin aims to integrate memes into a digital currency for more engaging and relevant user experiences.
Pepe coin (PEPE)| Commercial view
In the current context of market consolidation, the Pepe Coin Price witnessed a reversal of the V-shaped high from $0.00001725. The bearish reversal caused the asset to fall 37.2% to trade at $0.0000108, while the market capitalization fell to $4.54 billion.
With a 9% intraday decline, PEPE price hints at a potential breakout from a critical support level at $0.0000114, which coincides with the 50-day EMA and 38 Fibonacci retracement level .2%. If this outage persists, it could intensify the selling momentum and potentially push the price of PEPE coin down to $0.000009.
According to the Fibonacci tool, the $0.000009 and $0.000007 levels, corresponding to the 50% and 61.8% Fibonacci retracement levels respectively, represent important areas of interest where buyers could emerge for reverse.
Read also: Meme Coins on Fire: Cat Coin KAI takes center stage after Pepe Pump
3) Bonk
Bonk is a dog-themed memecoin designed specifically for the Solana ecosystem, aiming to be a community-centric digital currency.
An analysis of daily charts shows that BONK price is leading its current recovery under the influence of ascending channels. The two ascending trendlines keep BONK forming higher and lower and preventing holders from a larger correction.
Bonk | Commercial view
However, while BTC price struggled to break above $71,000, BONK price struggled to maintain momentum and reversed sharply from the $0.0000445 resistance. The new correction caused the asset to fall by 48.3% to $0.000023, while the market capitalization recorded $1.6 billion.
With sustained sales, the BONK Price could fall another 20% to retest the ascending trendline around $0.0000186. The crucial pivot level could rebuild bullish momentum and prepare buyers for another reversal.
Key to remember
THE EVEN Cryptocurrencies have always been a volatile asset class, reacting dynamically to any major changes in the market. This sharp move could attract short-term participants, but could disrupt risk-averse traders. With the current market correction, Meme coin has seen the biggest decline and hence could provide a suitable downside opportunity before the market resumes on an upward trajectory.
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Memecoins
Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don’t miss the winnings
August offers investors a unique opportunity to capitalize on the potential gains offered by Shiba Inu (SHIB) and Mpeppe (MPEPE)These two memecoins take advantage of the viral nature of internet memes and popular culture, attracting a diverse and enthusiastic audience. In this article, we’ll look at why Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for gains this month and why you shouldn’t miss out on the potential profits.
The viral power of memecoins
Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid spread of the cryptocurrency’s brand and message across various online platforms, potentially appealing to a broader and more diverse audience. Shiba Inu (SHIB) and Mpeppe (MPEPE) are great examples of how this viral potential can translate into substantial community growth and market presence.
Shiba Inu: riding the wave of popularity
Shiba Inu (SHIB) has established itself as a major player in the memecoin space. With its cute canine mascot and strong community support, Shiba Inu (SHIB) has gained a significant following. The coin’s ecosystem continues to grow, with projects like ShibaSwap adding to its utility and appeal. Investors are optimistic about Shiba Inu’s future, expecting it to ride the wave of popularity that has kept it in the spotlight.
Ecosystem expansion
THE Shiba Inu (SHIB) The Shiba Inu (SHIB) ecosystem is constantly expanding, offering new features and utilities that enhance its value proposition. Projects like ShibaSwap provide users with opportunities to stake and earn rewards, making Shiba Inu (SHIB) more than just a meme currency. This expansion helps solidify its market position and attract a wider audience.
Balancing humor and professionalism
Mpeppe (MPEPE) offers a unique and light-hearted approach to the serious world of digital assets, balancing humor and professionalism. Inspired by internet memes and the dynamic energy of football fans, Mpeppe (MPEPE) is quickly gaining traction in the crypto community.
Mpeppe (MPEPE) offers an opportunity to reach a younger demographic and tap into the viral nature of internet culture. By balancing humor and professionalism, Mpeppe (MPEPE) appeals to a wide audience, from casual meme enthusiasts to serious investors. This strategy is similar to the one that made Shiba Inu (SHIB) so successful, but with a modern twist.
Expanding Reach and Adoption
Mpeppe’s (MPEPE) ability to leverage internet culture means it has the potential to rapidly expand its reach and adoption. The memecoin’s branding and community-driven approach make it accessible and appealing, much like Shiba Inu (SHIB) in its early days.
Why August is the month to invest
As the cryptocurrency market experiences a surge in interest, August presents a great opportunity to invest in promising assets like Shiba Inu (SHIB) and Mpeppe (MPEPE) Both coins are well positioned to capitalize on the growing interest in memecoins, driven by their unique appeal and active communities.
Conclusion: Don’t miss the benefits
Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for a profitable August, leveraging their viral potential and strong community support to attract a diverse audience. With the cryptocurrency market in full swing, now is the perfect time to consider investing in these promising memecoins. Just as Shiba Inu (SHIB) captivated the crypto world with its unique appeal, Mpeppe (MPEPE) is poised to make its mark. Don’t miss out on the potential gains these innovative digital assets have to offer.
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Memecoins
Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further
Solana, the fifth-largest crypto asset by market cap, has fallen 8% in the past 24 hours, according to CoinGeckolike his Meme Coin Market Prices of some coins, which can be notoriously volatile, have fallen by as much as 43% in the past day.
As the cryptocurrency market bleeds with Bitcoin (Bitcoin) down 2.7% and Ethereum (ETH) 4.2%, Solana (GROUND) was the hardest hit among the top 10 cryptocurrencies, falling 8.2% to $168 on the day, according to data from CoinGecko. Along with this, meme coin Solana suffered huge losses.
The biggest loser in the last 24 hours is the bigger of the two Black (NEIRO) on Solana which fell nearly 44% to $0.01821. These tokens were launched after the owner of Kabosuthe Shiba Inu that inspired the Doge meme, announced that she had adopted a new dog named Neiro. Interestingly, her rival on the network launched an hour beforealso called Black (NEIRO), is up 75.2%. It appears that the Solana Neiro Civil War is far from being decided.
Other big losers include: Pump.fun’s Favorites Billy (BOWL), down 26.4%, and Michi (MICHI), which fell 24.5%. Over the past 24 hours, both tokens have flipped their market caps multiple times, but dog token Billy is currently in the lead with $94 million, about $3 million ahead of Michi.
Dog with hat (Wireless), the largest meme coin on Solana, was also hit, dropping 12.4%. Bonk (BONK), the second-largest Solana meme coin, fell 9.1%. In fact, among the top 50 Solana meme coins by market cap, only four tokens are in the green, with Zoomer (ZOOM IN) leading the pack with 41.1%.
Meme coins are notoriously high-risk assets and tend to post disproportionate losses when the broader market experiences a downturn.
Brain (BRAIN), Michi (MICHI), Mini (MINI), Shark cat (SC), and many others, for example, have suffered greater losses in the last 24 hours than any of the top 100 cryptocurrencies by market capitalization.
In the world of meme coins, when it rains, it rains.
Edited by Stacy Elliott.
Memecoins
Trader Says Bitcoin’s Path to $100,000 Is ‘Currently Programmed’, Updates Outlook on Memecoin That’s Up Over 18,000% YTD
A widely followed analyst and trader expresses bullish sentiment on Bitcoin (Bitcoin) while offering his take on the memecoin built on Solana (GROUND) blockchain ecosystem.
Starting with Bitcoin, the analyst known by the pseudonym Altcoin Sherpa tell His 219,000 followers on social media platform X say Bitcoin is on the verge of hitting a six-figure price.
“There will be bumps along the way, but Bitcoin’s path to $100,000 is on schedule. Don’t get rattled or lost along the way.”
Source: Altcoin Sherpa/X
At the time of writing, Bitcoin is trading at $66,236.
According to For the widely followed trader, Bitcoin enjoys strong support between $63,800 and $65,000, where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.
Source: Altcoin Sherpa/X
Next up is the Solana-based memecoin Popcat (POPCAT). The pseudonymous trader and analyst said that among the cat memecoin family, POPCAT is one of the “best” in the long run.
Altcoin Sherpa, however, says POPCAT looks bearish on the short-term four-hour time frame and needs to climb above a range low between $0.694 and $0.724 to avoid falling further.
Source: Altcoin Sherpa/X
POPCAT was trading at $0.00379 on January 5th and is now at $0.704, a gain of approximately 18,475%.
Altcoin Sherpa also offers his take on dogwifhat (Wireless), Solana-based Memecoin. According to For the pseudonymous analyst, WIF “still looks pretty good for now” on the four-hour chart with the “best” support area sitting around $2.10.
“The average would probably be $2.30 to $2.10 if I were you and I was swing trading this one.”
Source: Altcoin Sherpa/X
WIF is trading at $2.27 at the time of writing.
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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