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Cryptocurrency News Articles
Best Meme Coins to Buy as Crypto Prices Dip – MOG, PEPE, WIF, and BRETT
Jul 04, 2024 at 04:15 am
The prices of many cryptos are down, and this period has been a time of strategic accumulation for investors. For those who love the high returns that come with meme coins, the following cryptos could be the best picks for the next rally.
As the crypto market continues to experience a downturn, with the prices of many digital assets showing significant declines, some investors are turning their attention to meme coins. These tokens, known for their high volatility and often whimsical themes, have a reputation for generating substantial returns during bull markets.
Among the vast array of meme coins available, a few standout candidates could be poised for strong gains during the next crypto rally. Here's a closer look at four promising meme coins: Mog Coin (MOG), Pepe Coin (PEPE), dogwifhat (WIF), and BRETT.
Mog Coin (MOG) has been displaying a bullish trend since mid-April, with a series of higher lows and higher highs. Following a rally of over 400%, MOG began to retrace three days ago.
The current bearish momentum appears to be a cooling-off period, with the price likely to resume another rally if the support holds.
Pepe Coin (PEPE) has been on a downtrend, but it could be preparing for a rally as the price approaches a critical support level. This support has bounced the price three times in the past, and traders will be watching to see if it holds again.
Anticipation of an ETH ETF trading could also drive up the price of Pepe meme coin. Some analysts expect this to begin in mid-July. The resumption of ETF trading is expected to bring significant資金 into the Ethereum ecosystem, which could also positively impact PEPE's price.
dogwifhat (WIF) has declined as we anticipated after breaking down from an ascending trendline. The price has now reached a critical support and bounced off it.
The price action suggests another attempt to test the support, and if it holds, we could see some price recovery. This support might attract investors for further accumulation.
BRETT has been in a sideways accumulation since June following a prolonged rally. This sideways price action appears to be forming an accumulation zone before the next rally.
Traders might anticipate a rally around $0.18, but if the price falls below $0.12, it could trigger a long sell.
Finally, we have Milei Moneda, a new meme coin inspired by the political and economic views of Javier Milei, an Argentine presidential candidate known for his libertarian and pro-Bitcoin stance. With the ongoing low presale price, you have an opportunity to get in early on this meme coin.
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- The Crypto Market: A Deep Dive Into the Exciting and Rapidly Evolving Ecosystem
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