3 Meme Coins Worth Paying Attention To In August!
1. DOGE
Dogecoin was born in 2013. It is an easy imitation of Bitcoin, based on the image of Shiba Inu in the popular Internet meme. Dogecoin, originally created by software engineers Billy Marcus and Jackson Palmer, has now got rid of the initial positioning of meme and become one of the top digital assets. As of April 2024, the circulation of Dogecoin has exceeded 140 billion, with a large and enthusiastic community, and has also won high-profile support, including Elon Musk.
Although Dogecoin is characterized by inflation, its own sense of humor and strong support from the community have made it the mainstream choice in the memecoin field.
Dogecoin has broken through psychological barriers in the past few days and completed the withdrawal, opening the door to future upward trends. The price has stabilized above $0.13, indicating that the token is ready to reach $0.15. However, a small obstacle may hinder the progress of the rebound, but the tlugs seem to be ready to maintain a strong upward trend in the future.
2. WIF
Solana's ecosystem is thriving, with Dogwifhat (WIF) first. At present, WIF is showing an upward trend. In terms of market value, it has jumped to the third place in the meme coin field. In the past 7 days, WIF has soared by 59%, leaving PEPE behind and ranking 39th in the global market capitalization.
As of now, Dogwifhat's share price has reached $1.23, a year-on-year rise of 1274%. In addition, the market sentiment is positive, and the greed index reaches 75, showing that investors are looking forward to the future. In the past month, Dogwifhat has risen for 17 consecutive days, performing extremely well. During this period, its closing price was always slightly higher than the opening price.
Moreover, the bullish trend of Dogwifhat is reflected in its relative strength index (RSI). The token is stable in the bullish range. At the same time, the Directional Movement Index (DMI) also confirms this bullish trend, indicating that the meme token has a strong upward momentum.
Forecasts show that Dogwifhat may continue to rise in the next few days. It is estimated that Dogwifhat will soon set a record high of $5. Similarly, a bolder forecast indicates that its price may reach double digits by the end of the year. This reflects the increasingly optimistic outlook for the meme coin.
3. PEPE
From the analysis of the price trend, Pepe (PEPE) has the most significant benefits from the bullish headwind of Ethereum ETF. At present, PEPE is consolidation in a narrow range, which implies that there may be a breakthrough and further push up its price. Usually, such a range often precedes a sharp increase in prices, so this is a key point that needs to be paid close attention to.
In view of the good environment in the cryptocurrency market, PEPE may soon soar. This bullish sentiment has been influenced by various political changes and developments, such as Donald J. Trump's announcement that the United States will build an encrypted global center.
He further intends to remove obstacles by firing Gary Gensler, chairman of the U.S. Securities and Exchange Commission, and appointing a more friendly person in charge of cryptocurrency. The main reason is that political support strengthens the atmosphere and mood of supervision.
Therefore, it is possible to achieve innovation and growth in the field of cryptocurrencies; because of this, meme tokens such as PEPE can also profit from it. If PEPE breaks through the current resistance level of $0.0000130 and the transaction volume is strong, it may trigger a round of bullish continuous surge. The next target will be $0.0000139, and it is possible to hit a new high later.
