Top 5 Meme Coins with the Largest Potential for the Upcoming Bull Market
The current state of the cryptocurrency market indicates a notable level of fear among investors, evident in their behavior as many seek refuge in safer investments.
However, while retail investors are fleeing, whales are spotting a buying opportunity, particularly in meme coins. According to analysts, here are five meme coins that could see significant gains in the upcoming bull market.
Shiba Inu (SHIB)Shiba Inu sits firmly as the second-biggest meme coin globally, with a passionate community that some believe could propel it through tough economic times.
Coinbase data shows Shiba Inu holders are some of the most committed in the crypto space, holding for an average of over two years. This strong community backing is a major reason for Shiba Inu’s promising future potential.
Recently, there’s been a buzz around Shiba Inu potentially reaching $0.01. Analysts point to Dogecoin’s incredible rise as an example.
Dogecoin, once a joke, skyrocketed past $0.01 thanks to major market events and celebrity endorsements, most notably from Elon Musk. This is a reminder that anything is possible in the wild world of crypto.
Pepe (PEPE)Some analysts are bullish on Pepe, the meme coin chasing Shiba Inu’s throne. They predict Pepe will surpass Shiba Inu during the next bull market, mirroring Shiba Inu’s rise as the Dogecoin killer.
However, Pepe faces an immediate hurdle. Despite boasting an impressive trading volume of $500 million, the price has taken a hit, dropping 29.17% in the last month.
This decline is driven by heavy selling from traders, leading to lower volatility and potentially shaking investor confidence. Adding to the uncertainty is the recent departure of big investors, known as “whales.”
On-chain data reveals a significant decrease in whale transactions involving Pepe tokens, suggesting they expect further price drops and are cashing out.
While upcoming Ethereum ETFs might give Pepe a boost, the current situation is murky. The lack of whale activity coupled with the ongoing price decline paints a short-term bearish picture for the meme coin.
Pepe Unchained (PEPU)In contrast to other meme coins, Pepe Unchained takes a unique approach by developing its own Layer 2 blockchain. For example, the Shiba Inu coin ecosystem has developed Shibarium, a Layer 2 blockchain that uses BONE as the gas token.
Similarly, Pepe Unchained is building a Layer 2 blockchain that will use $PEPU, the Pepe Unchained token, as both the gas and governance tokens.
Pepe's taking blockchain to new heights!
SpiderPepe hanging from the ceiling and ready to drop something big