Meme Coins on the Rise : Better Than Traditional Altcoins ?
The leading meme coins such as DOGE, PEPE, and SHIB have shown a slight rebound in the last 24 hours. The market capitalization of meme coins stood at $2.72 billion, reflecting a modest increase of 0.39%.
Dogecoin (DOGE ) : Still the King of Meme Coins ?
Dogecoin (DOGE), a leading meme coin, has shown signs of recovery in the last 24 hours. The price is currently trading at $0.1712, representing a 0.76% increase. DOGE is holding slightly above the key support level of $0.17, indicating a potential shift in market sentiment.
Source: CoinGape
If the overall crypto market continues to improve, the price of DOGE could move towards the $0.20 mark in the short term. Furthermore, a bullish momentum could drive the price higher, potentially reaching $0.30 by the end of April.
Pepe Coin (PEPE) : The Surprise Challenger ?
The price of Pepe Coin (PEPE) is experiencing a minor rebound following the recent resurgence of memecoins. The price of PEPE is at $0.000007342, a 2% decrease over the last 24 hours. The movement in cryptocurrency prices indicates growing optimism, with technical indicators pointing to a potential bullish trend.
Source: TradingView
Shiba Inu (SHIB) : An Imminent Surge ?
The price of Shiba Inu Coin (SHIB) continues to hold above the key support zone of $0.000012. This level has remained intact throughout last week, providing stability even as the overall crypto market is bearish.
Source: CoinGecko
At the time of writing, SHIB is trading at $0.00001237, showing signs of resilience despite the overall bearish trend. SHIB’s 24-hour trading volume has surged to $230.07 million, representing a 28% increase in just one day.
What Strategy to Adopt with Meme Coins ?
While most altcoins have faced pressures, memecoins like DOGE, PEPE, and SHIB have shown resilience. There is renewed interest in these assets despite the overall market weakness. Investors are closely watching these meme coins that appear to outperform the current trend. How to invest now on Bitget? Let’s take the example of buying Dogecoin (DOGE) :
- Create an account on Bitget by registering with an email address and completing KYC verification.
- Deposit funds via credit card, bank transfer, or crypto transfer.
- Search for the DOGE/USDT pair in the Spot or Futures section based on your strategy.
- Place an order to buy according to your goals (market price or limit order).
Secure your tokens by keeping them on Bitget or transferring them to an external wallet.
