Top Meme Coins to Watch in July

The meme coin sector has been constantly evolving. very interesting This market has been a hotbed for investors and traders over the past few months. It is filled with assets that have been trending recently, with many of them seeing significant price increases in a short period of time. a period of time.

In the following lines We will discuss Some of the most popular ones and their chances of making further progress throughout processing Month.

Shiba Inu (SHIB)

The second largest meme coin by market cap is very interesting due to the huge number of people Exposure to her. Data shows that more than 1.3 million individuals It is invested In SHIB, with approximately 51% currently sitting On paper profits.

The asset made serious waves earlier this year when its price surged to multi-year highs while its market cap surpassed $20 billion.

The Shiba Inu’s Relative Strength Index (RSI) has been at relatively low levels for the past few months, suggesting that a fresh high could be on its way in July. The technical analysis tool ranges from 0 to 100, with a ratio above 70 indicating a potential correction. The RSI was last recorded I crossed That mark was at the end of May.

Dogecoin (DOGE)

The pioneer in the meme coin world saw a 6% increase On a weekly basisWhile important factors could push the price higher further this month. One of these factors could be support from prominent figures.

Remember that DOGE is the favorite cryptocurrency of Tesla CEO – Elon Musk. The billionaire often extols its merits, and more often than not, this has been the case. It has been followed. By increasing the price of the token.

Not long ago, the electric car giant officially announced Integrated Meme coin as a payment option on its website. Somewhat is expectedDOGE’s value rose by more than 20% shortly after the announcement.

Dog Hat (WIF)

the Larger The meme coin created on the Solana ecosystem has been one of the best performing coins in the market recently. cryptopotato Reported Earlier today, it outperformed DOGE and SHIB in Terms Daily trading volume.

Its success in July depends on the endorsement of well-known industry participants, favorable market conditions, Solana’s performance, and other factors.

Pepper

last And not leastWe will focus on the leading frog-themed meme coin – PEPE. It made headlines at the end of May when it hit an all-time high, while its market cap briefly soared. I exceeded $7 billion. Since then, PEPE has seen a decline, with its price falling by 25% per month.

Some analystsalthoug, I think the stock is ready for another rally. X User Magazine Imagined PEPE is expected to reach a much higher level in the following months, while Elja believes that July will be a more successful month for PEPE than the previous month.

baby Ready for the next stage 🚀

Do you have any PEPE? pic.twitter.com/A0jeNuhlPB

– Elia (@Eljaboom) June 30, 2024