Bitcoin and other major cryptocurrencies remain steady near their highs, suggesting it may be time to consider what the top meme cryptos are to buy. The “Crypto winter” has been over for months, and yet another sudden re-freezing could soon arrive.
Some crypto analysts suggest that Bitcoin’s upcoming halving event could result in a “buy the rumor, sell the news” situation with Bitcoin. However, other analysts propose that the halving and other factors could serve as a catalyst that keeps Bitcoin moving higher throughout the year. This presents an opportunity to look at three meme cryptos to buy.
Bonk (BONK-USD), labeling itself as the “dog coin of the people,” has strong ties to the Solana (SOL-USD) ecosystem. BONK-USD has seen a decrease of nearly 52.5% since hitting an all-time high on March 4. This significant pullback may suggest that Bonk is on the decline, but a new “Bonk mania” wave could still be possible. Considering BONK’s correlation with Solana, positive developments regarding the popular altcoin could drive another rally.
Dogecoin (DOGE-USD), the original meme coin, initiated the meme coin and token trend in 2021. DOGE-USD reached its all-time high of $073.8 on May 8, 2021, coinciding with Elon Musk’s shoutout to Dogecoin on Saturday Night Live. While still below this high, DOGE has experienced a strong rebound during this latest crypto wave.
If the speculative frenzy for all things crypto continues, the rising tide may just keep lifting Doge. Dogwifhat (WIF-USD) is another Solana-connected meme crypto that has seen a tremendous rally since its debut late last year. During this period, this memecoin has surged from less than 20 cents to around $3.66 today.
Following this significant increase in price, WIF-USD is now the world’s 35th largest crypto by market cap. While there are arguments that WIF-USD’s gains may not be sustainable, if you’re bullish on “memecoin mania,” WIF-USD is arguably one of the top meme cryptos to add to your buy list.
It’s important to remember the high level of volatility with BONK, DOGE, and WIF, as well as other extremely low-priced meme coins and tokens. Approach cautiously, but consider these meme cryptos if you are bullish on the memecoin trend.
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