Top 3 Meme Coins to Invest in this February 2024
As we look ahead to 2024, meme coins are not only a cultural phenomenon but they have also opened up a new world of investment opportunities.
The value of these digital assets has skyrocketed, sometimes reaching levels that traditional investments can only dream of.
But which meme coins are the best investments for 2024?
We answer this burning question in our latest blog, “Top 3 Meme Coins to Invest in this February 2024,” along with a sectoral analysis of meme coins.
The top 3 Meme Coins are
DOGE (Dogecoin)
DOGE is currently at $0.089 with a 24-hour volume of $278.633.696.78. Its price decreased by -0.12% in the past 24 hours and increased by 0.73% in the last 7 days. The total circulating supply of DOGE is 140 billion. The total market cap of Dogecoin is $11,454,422,258.
The price is moving inside the bullish pennant. Currently, it is trying to break its pennant resistance trendline. Once the breakout is confirmed, the pump will be epic.
Let’s have a look at the chart for the trend analysis
The average Dogecoin rate in February 2024 will be $0.0749, based on the price swings of the cryptocurrency at the beginning of 2024. You may anticipate its lowest and maximum pricing to be $0.0678 and $0.0819, respectively. Potential ROI is 2.5%
SHIB (Shiba Inu)
SHIB is currently at $ 0.000009199 with a 24-hour volume of $177,671,033.75. Its price decreased by 2.71% in the past 24 hours and increased by 2.98% in the last 7 days. The total circulating supply of SHIB is 590 trillion. The total market cap of Shiba Inu is $5,494,558,246.
The price has broken the falling wedge resistance trendline. It is showing bullish momentum. A strong upward movement is expected.
Let’s have a look at the chart for the trend analysis
The average Shiba Inu rate in February 2024 will be $0.00000874, based on the price swings of the cryptocurrency at the beginning of 2024. You may anticipate its lowest and maximum pricing to be $0.00000775 and $0.00000972, respectively. Potential ROI is 8%.
BONK
BONK is currently at $0.0000105 with a 24-hour volume of $40,047,788.45. Its price decreased by -0.09% in the past 24 hours and declined by -0.70% in the last 7 days. The total circulating supply of BONK is 61 Trillion. The total market cap of Shiba Inu is $638,806,163.
The price has broken the descending triangle and retested successfully. The big pump may come anytime soon. So, keep it under the radar.
The average Bonk rate in February 2024 will be $0.000011, based on the price swings of the cryptocurrency at the beginning of 2024. You may anticipate its lowest and maximum pricing to be $0.000010 and $0.000011, respectively. Potential ROI is -8.3%.
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Endnote
Finally, meme currencies will still be popular in 2024, attracting attention from investors as well as from the cultural community. Several prominent candidates include Dogecoin (DOGE), Shiba Inu (SHIB), and BONK. The expected average rate of $0.0749 for DOGE indicates the possibility of a bullish breakout. SHIB, which is projected to have an average rate of $0.00000874, shows positive momentum after breaking resistance. BONK is in a position to grow after breaking out of a descending triangle. For potential investment opportunities, keep a watch on these meme currencies.
