Memecoins
Top 5 Meme Coins to Buy and Hold
As August approaches, we might see a positive trend in the cryptocurrency market, which could be a good sign for meme coins and their potential for significant growth.
We analyze the Bitcoin chart, focusing on a monthly view to understand the overall market trends. Since March, when the bullish trend we are following started to weaken, the market has mostly moved sideways instead of down.
Investors are eagerly awaiting a catalyst that could push the Bitcoin market past the $74,000 mark and potentially towards $85,000 or higher.
The monthly candles show mixed signals: a green candle in March, a red one in April, another green one in May, a red one in June, and a green one in July. The pattern suggests that we might see a red candle in August.
This sideways movement provides an excellent opportunity for investors to consider meme coins ahead of an anticipated surge in Bitcoin price.
Let’s explore some Best meme coin choices that are poised to generate significant gains.
Based in Brett (BRETT)
Brett, the largest cryptocurrency on the blockchain base, is starting to recover after a recent drop. Pegged to Pepe, Brett saw a significant decline last month. However, a recent 12% surge on Monday, in line with a broader market rally, propelled BRETT to the 63rd spot among cryptocurrencies, with a market cap of over $1.28 trillion.
Despite this positive trend, BRETT is still 33.2% below its all-time high of $0.1939. Although the price has declined slightly over the past 24 hours, technical indicators suggest that this could be a temporary downturn. A possible hammer candlestick pattern at the end of the month could indicate a more sustainable uptrend.
Brett’s chart shows a series of higher lows, suggesting bullish sentiment. This pattern, along with recent price action, could present a good buying opportunity for investors anticipating the next bull market. There appears to be strong support around $0.13.
Grandpa (PEPE)
PEPE, the frog-themed cryptocurrency, has been consolidating over the past two weeks despite a broader market rally. As the price oscillates between gains and losses, a closer look at the technical chart reveals the formation of a potential bullish pattern.
An inverse head and shoulders pattern is forming, a classic reversal signal often seen at market bottoms. This pattern suggests a change in market sentiment from a bearish trend to a bullish trend. If the price breaks above the neckline resistance, currently at $0.0000113, it could initiate a significant upward move.
A successful breakout could send PEPE price up by around 40%, reaching a new high of $0.000018. Given its current market cap of $4.78 billion and its steady price action, PEPE could be an attractive option for investors looking for a potentially profitable cryptocurrency.
Bonk (BONK)
BONK, a Solana-based cryptocurrency, has been gaining attention among investors amidst the volatility in the cryptocurrency market. Recently, the token has seen a sharp decline, breaking below a crucial support level.
As BONK attempts to regain lost ground, a recent 4% price rally has sparked interest. This move higher may be a retracement to test a critical rising wedge support level. It is not yet clear whether this is a temporary bounce or the start of a sustainable recovery.
All eyes are now on BONK’s interaction with the rising wedge support. A successful breakout could signal renewed bullish momentum, while a rejection could lead to further price declines.
Floki (FLOKI)
Floki (FLOKI) has quickly evolved from a simple cryptocurrency to a powerful Web3 ecosystem. It focuses on community engagement and strategic marketing, expanding to offer TokenFi for NFTs and asset tokenization, an immersive P2E metaverse, a rewarding staking dApp, and a dynamic DeFi marketplace.
This expansion has made Floki a significant player in the Web3 space, as evidenced by its listing on Bitstamp, a major European cryptocurrency exchange. Although a recent market downturn has temporarily affected Floki’s price, currently at $0.000167, the cryptocurrency is still poised for growth.
As Floki hovers around $0.00017 and aims to break above the key resistance at $0.00021, investors are watching for market catalysts like ETH ETF inflows that could trigger the next move higher. This position sets Floki up for potential rapid growth as the market heads into its next bullish phase.
With a strong foundation, growing utility, and a dedicated community, Floki Inu offers an exciting investment opportunity for those interested in the rapidly growing Web3 sector.
Meme Games (MGMES)
With the 2024 Paris Olympics underway, many crypto traders are excited about a new meme coin called The Meme Games (MGMES). $MGMES has already raised over $300,000 in just a few days from investors looking to cash in on the excitement surrounding the Olympics.
Source – Meme games on Twitter
The pre-sale price of $MGMES is currently low at $0.0091, but it is expected to increase in 1 day as it moves to the next stage. Potential investors can check out our guide on how to buy The Meme Games tokens here.
When you buy these tokens, you can choose one of the five most popular meme characters (Dogecoin, Pepe, dogwifhat, Brett or Turbo) to compete in a 169-meter race. Your character has a 20% chance of winning, and if they do, you will get a 25% bonus on your purchase.
The Meme Games token presale is running alongside the Paris Olympics and will end on September 8, when the Paralympics conclude. The token will be listed on DEXs on September 10, and many investors are expecting significant gains at that time. Find out what the future holds for Meme Games with our $MGMES Price Forecast here.
Besides the bonus tokens, the platform offers another way to earn passive income. Since $MGMES is on the Ethereum network, you can stake your tokens. The project rewards 38.5 tokens per Ethereum block, over a period of two years.
Currently, the project offers a high annual staking yield of over 760%, but this rate will decrease as more people stake their tokens. Over 13.2 million $MGMES tokens have already been staked in just a few days, which is a testament to the strong investor confidence in the platform.
The Meme Games has been audited by two reputable companies, Coinsult and SolidProof, guaranteeing its safety and reliability. Given the initial interest from investors, those who buy $MGMES at the current price could see significant gains.
As excitement around the Olympics grows, Meme Games could gain even more attention in the coming weeks. To participate in the $MGMES token presale, head over to memegamestoken.com.