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Recently, there has been a lot of focus on the meme coin space from celebrities and even government departments. As a result of this attention, new meme coins have emerged in the market in large numbers.
Everyone is trying to benefit from the meteoric price surge of memecoins to become millionaires. Although the rush has cooled down a little, savvy investors are taking advantage of this period to add more meme coins to their portfolios. Let us see what they are buying.
The 5 Best Memecoins To Invest In This Year
While most investors have been sleeping on the bear market, smart ones have been buying Pepe, dogwifhat, Bonk, Dogecoin, and Angry Pepe Fork. Experts say the current downturn is the calm before the storm that will send the prices of memecoins skyrocketing. Let us see why these investors are purchasing these meme coins and how far they can climb this year.
1. Angry Pepe Fork (APORK)
For a long time now, investors have been moving their funds from famous meme coins like Shiba Inu to new, promising ones. Their first meme coin on the list is none other than the Solana-based token known as Angry Pepe Fork. APORK has caught the eye of investors with its revolutionarily new concept, ‘Conquer-to-Earn,” which gives it a better utility than Dogwifhat.
Members of the Angry Pepe Fork community go into the market to search for dead zombie projects that are no longer useful and weed them out. For this, they get compensated with APORK coins, the platform’s in-house currency. Here is the coolest part. Those who play a part in defeating zombies are rewarded more and celebrated in the community.
This reward system is quite exciting and will ensure that more and more people engage in the community, thus making Angry Pepe Fork the best meme coin. Another interesting feature is the staking mechanism, which allows users who purchase APORK coins to stake them to earn more. The staking period ranges from 30 days and 60 days to 90 days.
To get the highest profit, APORK holders should aim for 90 days. However, newbies just starting out can join the 30-day staking cycle. Unlike most projects, the Angry Pepe Fork ecosystem is secure. Its smart contracts have been audited by SOLIDProof, one of the best auditors in the market.
APORK coins are currently priced at $0.014 in the first stage of their presale. Market analysts expect it to grow 200% during the presale and 350% after it starts trading on exchanges. All these qualities and the possibility of further development make APORK a profitable investment for this year.
2. Pepe (PEPE)
Pepe (PEPE), a frog-themed coin, is one of the best memecoins to invest in today for future profits. Even though it has been operating solely based on the buzz, it has overperformed other meme coin titans, such as Dogecoin and Shiba Inu. Yet, that is not all because analysts predict further increases in the near future.
MichaelXBT says Pepe is breaking out a falling wedge on the $PEPE/BTC chart. According to MichaelXBT, a massive price pump will happen if the breakout is successful. While he did not give any price targets, we might see Pepe coin soaring back to $0.00001717 and then $0.00002093 this year.
3. dogwifhat (WIF)
One of the largest memecoins on the Solana blockchain, dogwifhat (WIF), has been under considerable bearish pressure in the last month. While most analysts expected the meme coin to continue its upward movement to $5, the resistance dogwifhat faced at the $4.85 region did not allow it to go higher.
Now, investors are tired as they see Pepe taking the lead. Still, dogwifhat supporters remain positive. Analysts like @0xDamien even called dogwifhat the new $DOGE. Going forward, the price of Dogwifhat could reach $4 this year if it climbs to the $2 region.
4. Bonk (BONK)
Bonk (BONK) is among the top meme coins in the memecoin market despite its recent downtrend. Although its value had dropped on the weekly and monthly, its YTD increase is about 5,000%. It is the largest not just in the meme coin space but also in the general crypto sector.
As spotted by Realijazawan, there is a bullish reversal pattern on the daily Bonk price chart. Now that the pattern is complete, the analyst said the next price target for the memecoin is 0.00002570. If Bonk can break through this level, the following resistance could be at $0.00003085 and then $0.00003235.
5. Dogecoin (DOGE)
Dogecoin (DOGE) might not have impressed many with its fluctuating price for a long time, but it remains in the top 10 cryptocurrencies list. This resilience shows DOGE could be preparing for a value increase.
TATrader_Alan has hinted at the possibility of a 300% price growth for Dogecoin based on its RSI. They shared a picture that showed the price of the memecoin after its RSI dropped to the oversold region (below 30) in 2023.
Presently, Dogecoin’s RSI has reached this level again. In terms of price movement, TATrader_Alan says the value of the meme coin might soar to $0.4600 by December this year.
Conclusion
Based on the current interest in memecoins, their adoption will rise in the coming weeks. Hence, there is still a silver lining for those who have not yet invested in any memecoin. Based on the information gathered and analysis in our article, the memecoins to invest in are Pepe, Dogwifhat, Bonk, Dogecoin, and Angry Pepe Fork.
Based on their price movements and what analysts have to say about them, these are the meme coin titans to watch in the second half of this year.
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
