Analyzing The Most Popular Meme Coins; Buy, Sell, or HODL
After having a greedy zone the previous day, the crypto market is returning to neutral today. However, the crypto market cap is still up by 1.7%, pushing the value to $2.41, the highest in weeks. The same is true in the case of popular cryptocurrencies like Bitcoin, Ethereum, and many meme coins, which have gained good momentum today. However, many lost the previous gains.
On that note, let us look at the performance of popular meme coins and how they behaved today to analyze whether to Buy, Sell, or HODL them.
Dogecoin
Dogecoin is no doubt the top of most popular meme coins. Its price is in equilibrium with the value a month ago, with minor ups and downs in between. Dogecoin is currently priced at $0.1519 with a market cap of $21,922,576,553 and a trading volume of $1,080,891,130, with a minor dip in all three. However, the market sentiments show the buying action for DOGE, which might lead to a minor price surge.
Dogwifhat
Dogwifhat is more in a downtrend where its value has dropped 7% in just a week. It is currently trading at $2.88 with a market cap of $2,876,492,069 and a trading volume of $525,762,214, which has dropped 40% in the last 24 hours. The sentiments of the WIF are more towards the selling, which might result in more price drops.
PEPE
PEPE is still in a greedy zone as the meme coin has recently set an all-time high record of $0.00001156. At the moment of writing, PEPE is currently trading at $0.00001023 and is just 12% away from the ATH. Moreover, its market cap is at $4,31 Billion, and the trading volume is at $1.32 Billion, which has declined 33% from yesterday. As the analysts believe, PEPE can continue to surge in the upcoming days.
Shiba Inu
Shiba Inu’s price has increased by 8% and 15% in the last week and month intervals, bringing its value to $0.00002487. However, the trading volume has decreased 48% from earlier, bringing the value down to $557.17M. Shiba Inu demand is still persistent as the investors are still buying the meme coin.
FLOKI
FLOKI is up by 4.67% in the last 24 hours, and the same is true with the market cap, which is up to $2,030,696,497. At the moment of writing, FLOKI is trading at $0.0002124, up by 61% in a month. Though the trading volume is down to $397,472,718 after a 41% drop, FLOKI is in a strong buying zone based on moving averages data.
Final Thought
Despite the crypto market’s instability, the meme coins’ have been performing great for days. On analyzing the most popular meme coins of the market, the secret is out on the coins to have in your portfolio. Before the bullish market returns, these meme coins can become profit-making assets on a short-term level.
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