Don’t let the name memecoin fool you; some of these coins have made serious gains in the market thanks to their loyal fan bases and viral marketing campaigns.
Today We will tell you the 5 Best Meme Coins to Buy This Summer and why they might explode this month.
These coins have the potential to mark some serious gains in your portfolio.
Table of Contents
What is BYDFI exchange?
BYDFI is a popular and trusted trading platform for crypto derivatives with many options, including spot trading, copy trading, and CFDs.
The exchange, operational since 2014, has a sizable user base exceeding 500,000 and supports almost all leading cryptos.
Pepe Coin Price Prediction
Pepe Coin recently gave over 20,000% returns to its investors, and it can still give more. Launched in April 2023 as a homage to the Pepe the Frog meme, which is widely used on social media platforms such as Reddit and Twitter.
Pepe Coin is self-proclaimed as “completely useless” and “for entertainment purposes only” and has no formal team or roadmap.
Pepe Coin has a market capitalization of over $506 million and a price of about $0.00000129. At the peak level, it had more than $1bn market cap, and don’t be surprised if it reclaims the mark. This cheap crypto can become a great addition to your portfolio.
On the H4 Tf level, the price action of $PEPE Forming out Bearish Harmonic Bat pattern where the price action have to complete out D leg.
Currently, the price action is respecting our Horizontal Resistance level and consolidating in a compression level where after an breakout of it we can expect change in trend
FLOKI Price Prediction
Floki Inu is another meme coin that was inspired by Elon Musk’s dog Floki. It was launched in September 2020 as a tribute to the SpaceX CEO and his love for dogs.
Floki Inu aims to be more than just a joke and has partnered with the Million Gardens Movement, a charity co-founded by Musk’s brother Kimbal, to promote urban gardening and food security.
Floki Inu has a market capitalization of $304 million and a price of about $0.0000319 per coin. If memecoins rally then Floki will surely be one of the front-runners.
On H4 TF level the price action has formed out Descending Triangle Pattern level where the price action bouncing back from its Horizontal Support level.
Dogecoin Price Prediction
Who better than the First-ever memecoin. Dogecoin is the original and most famous meme coin, created in 2013 as a parody of Bitcoin.
Dogecoin has gained loyal fan base and support of Elon musk, who often tweets about it and has been accused of manipulating the price.
Dogecoin has a market capitalization of over $10 billion and a price of about $0.0725. Let’s have a look at the chart for current trend analysis:
On H1 Timeframe level the price action or $DOGE formed Symmetrical Triangle where the price action is currently respecting Resistance Trend-line level as well as respecting out Horizontal Support level.
Shiba Inu Price Prediction
Shiba Inu is a newer meme coin that was launched in August 2020 as a “Dogecoin killer.” It claims to be an experiment in decentralized community building and governance and has a total supply of 1 quadrillion tokens.
Shiba Inu has gained popularity due to its marketing strategy of sending half of its supply to the wallet of Vitalik Buterin, the co-founder of Ethereum.
Shiba Inu has a market capitalization of over $5 billion and a price of about $0.00000861. Many people are tipping Shib to reach $1 in price, while that is a difficult task, it certainly can give good returns.
On H4 as expected the price action has successfully bounced back from its Horizontal Support level taking out structure of Higher Highs & Higher Lows level.
AIDoge Price Prediction
AIDoge claims to be the world’s first AI-powered meme coin and aims to revolutionize the meme industry by creating unique and personalized content for its users.
AIDoge is more than just a meme coin; it is also an aggregator of blockchain applications that integrates DeFi, NFT, GameFi, DAO, and other categories.
AIDoge’s philosophy is to serve the community and make every participant get the maximum return. AIDoge operates on the Arbitrum network, which offers faster transactions and lower gas fees.
AIDoge is in pre-sale right now, where users can buy tokens at a discounted price before listing.
However, be careful and invest only a small amount initially.
Conclusion
These are the top 5 meme coins to buy in June 2023, according to our research.
However, keep in mind that meme coins are highly volatile and risky investments, and you should only invest what you can afford to lose.
Always do your own due diligence before buying any cryptocurrency, and don’t fall for scams or hype.
For any time, on-demand analysis on any other coin, you can join our Telegram channel.
Also read,
5 Best Penny Cryptocurrency For Summer 2023Pepe Coin: The Meme Coin That Soared 20,000% in 2023
