Crypto markets are showing great signs of growth, and meme coins may be the next to benefit from this upward trend. Here is a list of the meme coins that could be profitable when the next bull rally occurs.
As the OG meme coin, Dogecoin (DOGE) always tops the list when discussing meme coins. It’s success in the markets has been unparalleled, and has been the foundation of the meme coin movement. So it’s a good pick to consider when investing.
What’s particularly appealing about DOGE is its ability to remain one of the largest cryptocurrencies in the space. This gives it stability, and the potential to reach its previous all-time-high of $0.7 is very likely, which would mean a 1,000% increase since the coin is down almost 90% from its peak.
DOGE remains the largest meme coin | Source: CoinGecko
Shiba Inu (SHIB)
Shiba Inu (SHIB) is another meme coin that stands out. It has been following in the footsteps of Dogecoin and has been successful due to this. When DOGE starts to rally, SHIB usually isn’t far behind. It is also down almost 90% from its ATH, so if it reclaims its all-time-high of $0.00008 from October 28, 2021, it could be a 1000% increase.
The SHIB community is also one of the largest in the space, and its digital asset is very hype-driven. As such, it doesn’t take much to trigger a jump in its price.
Floki Inu (FLOKI)
Floki Inu (FLOK) is a meme coin that has been gaining momentum over the last couple of years. Its social media community has been growing and the coin has been listed on multiple centralized exchanges, which gives it a higher liquidity when compared to coins that only exist on DEXes.