It’s beginning to look a lot like a new meme coin craze

With Christmas just around the corner and some of the best meme coins continuing to trade in the green, investors and traders from all walks of life keep an eye out for what the unpreventable crypto market has to offer toward the year’s final. While Bitcoin and Ethereum are the no-brainers that newcomers are recommended to try if they want to go the safest way, some unlikely cryptos are stealing the spotlight with what appear to be early signs of rallies. These are Pepe Coin, Doge Coin, and BOME, currently enjoying a fairly insane spike in popularity. Now, how can you better sense the direction of the meme coins? Is it enough to stay updated with metrics like the pepe coin price prediction, or should you learn the basics of the top meme coins with the best potential to rule the upcoming period? 

Without being rhetoric, you’re advised to do both! While price predictions change automatically based on a range of factors, the must-knows to the hottest meme coins of the moment remain the same, so let’s see why these cryptocurrencies might herald a bull run and a revival of the coin meme stage.

Doge Coin

 

Doge Coin may need no introduction; yet, to ensure even the newest rookies are in the know about it, it’s worth revising some of the heavyweight’s outstanding feats. Doge Coin is the biggest and most crucial meme coin, being also the one that set the foundation for this category to develop. Launched over a decade ago, the asset rejoiced over both direct and indirect endorsement in the offline and online arenas alike from the wealthiest man worldwide at the moment – Elon Musk. Currently, crypto is going through a substantial revival that reminds us of the surge tendencies encountered back in 2021, when the tycoon helped boost the asset’s price and contributed to the ATH of $0.7376 that year’s May. 

As of late, the asset has grown over 50% in only 20 days, mirroring the larger bullish trend pervading the market. Another bullish sign is Bitcoin’s newest ATH, indicating that investors’ confidence levels hit new peaks. With experts hinting that this bull cycle’s zeniths could topple the levels registered three years ago, one can draw that investing in Dogecoin now might result in hearty ROIs later. Some analysts believe the coin is on its course to double, possibly breaching the coveted value of one dollar eventually.

From now on, the meme coin market’s peaks will likely be dictated by Dogecoin, as the coin is expected to attract substantial capital that would’ve otherwise gone to Bitcoin. 

Pepe Coin 

One of the most popular meme coins to date, Pepe Coin steals the spotlight from others with a market dominance of almost 0.25% by press time and a capitalization of over $7.70BN. PEPE coins won’t be mined forever, as the crypto has a total maximum supply of a bit over 420BN, marking a level that won’t be exceeded, should it be met. Similarly to Bitcoin and its maximum supply, once the coin creation process stops, those owning some of the famous meme coins might see returns coming if the asset’s demand is high enough. 

Crypto market analysts expect the asset’s price to climb and possibly breach a new ATH in the near future, propelled by whale activity and helped by great technicals. A possibility would be for the coin’s value to rebound and perhaps reestablish its ATH of $0.000025 achieved on November 14 this year. A blast above that mark is indicative of more increases, perhaps sending Pepe to an impressive $0.000030. Nevertheless, it’s important to consider the worst-case scenario, too. A drop below the support point at $0.000017 would trigger bearish sentiments that can prove detrimental to the coin and its market share. In short, such an event could bring about the probability of mean reversion, the technique that helps investors benefit from coin prices’ inclination to slowly revisit their previous averages. In that scenario, sellers might eye the 50-day moving average at only $0.000012.

BOME 

If BOME stayed low-key humble until now, the tables are turning. The meme coin has just begun exploding, triggering a ripple effect in the broader market. BOME managed to become the third largest in its category by market cap with a figure that inches towards a $615MN figure as of writing and a daily trading volume of $431M. The asset rose by 25% to achieve this spot, and now it seems to threaten the legacies of the older, heavier cryptos – Pepe and Doge – when it comes to market dominance share. The futures open interest for the asset rose by 100% in seven days, peaking from $57MN to more than $131MN and signaling a new mania in the arena. Considering that the coin was launched in March of this year and managed to attain a market cap of more than $1BN, it’s safe to say that this is one of the meme coins with great potential for returns. 

BTC, BNB, and other cryptos are also registering price spikes, but a question is now muttered in most crypto cycles: Is BOME another case of a speculative bubble on the verge of booming?

Communities do impact crypto prices 

Meme coins are one of the most significant examples of how the community behind crypto can drive the asset’s price up or down – in other words, impact its popularity and success. Keep an eye out for honest engagement and commitment instead of falling prey to FOMO and the ever-passing hype sometimes created, for social media trends do affect crypto prices and the overall market. An example of how to refresh your memory is Doge’s Musk-based boost.

Ponder your moves wisely 

You must tread carefully if it’s your first time investing in cryptocurrency – just as you should if you target a big-ticket purchase. Two essential factors must never be overlooked to improve your decision-making. Consider the volatile nature of cryptos and create a risk management strategy. The volatility of the market can be a blessing and a curse, making it vital to play your cards right. In short, buy an amount that won’t leave you bankrupt in case your expectations don’t come to reality, and study stop-loss measures.