Meme tokens are a new kind of digital asset that is in demand more and more. They are inspired by internet memes and are intended to be used as a medium of exchange on websites and apps that allow users to share or trade them. Meme crypto tokens have been a considerable success lately, and we have seen an increase in their adoption. Here are the top 5 meme crypto tokens that you should buy this month.
Table of Contents
SafeMoon Inu (SMI) Price Analysis
The SafeMoon token is community-driven crypto that uses a policy of Anti-Paperhanding and rewards holders with 2% of their payments to holders. This keeps users on the platform and encourages them to hold. SafeMoon Inu is a safe cryptocurrency with enormous potential and was founded in 2021. You can buy SafeMoon tokens from the following exchanges: BKEX, UNISWAP, and Coinstore.
SMI currently trades at $0.000008646 and has a market cap of 8 million dollars with 1,000,000,000,000 coins in supply. It ranks #1047 on CoinMarketCap.
The token made humongous all-time highs during November; however, it is trading at significant discounts lately. Meme tokens can hit new ATHs at unexpected times; however, we should also be careful while investing some of these projects.
- Discounts
- Use referral code (MYWSAFR8) for Binance and get 20% off on Trading Fees.
- Use Referral code (Coinmonks) for FTX and get 5% Off on Trading Fees.
Dogecoin Price Analysis
Dogecoin is a meme token that can be used for making payments and purchases but has not held value. It has an infinite supply, making it very different from most other cryptocurrencies. According to experts, Dogecoin could be a good investment for investors if it has value. However, the cryptocurrency should not be treated as an investment given that it’s just memes crypto coins that are inflationary and point to speculative bets.
DOGE currently trades at $0.1429 and has a market cap of 18.9 billion dollars with infinite coins in supply. It ranks #12 on CoinMarketCap.
On the 2H timeframe, $DOGE/USDT was under high resistance of trendline which it broke by bouncing from the support zone but was failed to stay above for the long time it dropped and retested the trendline successfully and is now above the zone.
Shiba Inu Price Analysis
Shiba Inu is a meme coin launched as a rival of Dogecoin or Doge-Killer. It is a decentralized, community-building digital currency. It’s an experimental coin developed within the Shiba Inu Ecosystem. Shiba Inu is not a surefire or safe investment. Investing in them may lead to excellent returns if you’re lucky. Though investing in Shiba can also be extremely risky.
SHIB currently trades at $0.00002577 and has a market cap of 14.1 billion dollars with 589,735,030,408,323 coins in supply. It ranks #15 on CoinMarketCap.
In the 2H timeframe, $SHIB/USDT was making marubuzu candles until it failed to break the descending triangle toward the bullish side and broke it towards the bearish side of the triangle.
- Discounts
- Use referral code (MYWSAFR8) for Binance and get 20% off on Trading Fees.
- Use Referral code (Coinmonks) for FTX and get 5% Off on Trading Fees.
Donelon Mars Price Analysis
Donelon is a meme token that wants to rival the success of Dogecoin. It became tremendously popular in 2021 owing to its success in memes and the high number of shares that memes generated between the second and fourth quarters. Many people have been thinking about buying and trading Dogelon Mars, but there is not much of an incentive to do so. More importantly, the currency has a high level of risk due to its ability to fluctuate in price.
ELON currently trades at $0.0000009968 and has a market cap of 551 million dollars with 1,000,000,000,000,000 coins in supply. It ranks #130 on CoinMarketCap.
In the 2H timeframe, $ELON/USDT was trading in a downtrend from a couple of weeks and made a bullish Gartley and pumped exactly from .786 retracement and is heading towards .382 .50 and .618 zone.
- Discounts
- Use referral code (MYWSAFR8) for Binance and get 20% off on Trading Fees.
- Use Referral code (Coinmonks) for FTX and get 5% Off on Trading Fees.
Samoyedcoin Price Analysis
Samoyedcoin is the emerging token that backs the community of Solana users. The community is focused on educating stakeholders, making personal connections, and generally helping one another. If you’re looking to invest in meme crypto, SAMO might be a good choice.
SAMO currently trades at $0.02186 and has a market cap of 72 million dollars with 9,238,477,429 coins in supply. It ranks #484 on CoinMarketCap.
In the 2H timeframe, $SAMO/USDT had a very indecisive price action but then broke the descending triangle towards the downside, failed to stay for long, and pumped from the next support is back in the triangle.
- Discounts
- Use referral code (MYWSAFR8) for Binance and get 20% off on Trading Fees.
- Use Referral code (Coinmonks) for FTX and get 5% Off on Trading Fees.
Closing Thoughts
The most important part of trading is discipline and patience. So, according to the above analysis, the coins we just spoke about might see some decent gains. Again, it’s your hard-earned money you’ll be investing, so Do Your Own Research before investing.
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