December 6: What Cryptocurrency is Right to Invest In Now?

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Meme Coins have become a popular asset class in the crypto space, and the market cap of the global meme coin has risen to $23 billion, an impressive 10% increase. The top three memecoins, Shiba Inu (SHIB), Dogecoin (DOGE) and PepeCoins (PEPE), prove why meme tokens are not to be underestimated. Let’s look into the technicals of each token to see why these are some of the best cryptos to buy now.

Shiba Inu (SHIB) Price Prediction: Breaking Weekly Resistance

The Shiba Inu team recently announced that their Shibarium Layer-2 network will be initiated and that ‘burning’ SHIB tokens are a new development. From a technical perspective, SHIB has successfully broken free of the descending Triangle pattern on the Weekly Chart, despite its usually bearish connotations. The price has risen above $0.0000084, the support level. The weekly Relative Strength Index (RSI), which is 58, shows a positive trajectory and indicates the potential for further growth. As of press time, SHIB is trading at $0.00001001 with a volume of $691,000,000 for 24 hours, an 11.76% increase over the last 24 hours and a 20.31% increase in the past week.

Dogecoin (DOGE) Price Prediction: Price Surges More Than 15%

Dogecoin’s 10th anniversary posts have been trending on social media and have contributed to the surge in its price. The token broke through the key resistance of $0.1 and the rising megaphone chart, with prior resistance now serving as support at $0.08. Dogecoin has outperformed several altcoins and its 50-day moving median is set to $0.06, lower than the current price. The 14-day Relative Strength Index (RSI) of 79 indicates that the markets are overbought and a possible correction is approaching. As of press time, the price of DOGE was $0.10.

PepeCoin Price Prediction:

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