After weeks of uncertainty, sentiment within the meme coin space is gradually beginning to turn bullish

Veteran traders know that once the bulls return, meme coins are often able to rapidly outperform other sectors in the crypto market.

After weeks of uncertainty, sentiment within the meme coin space is gradually beginning to turn bullish.

Dogecoin ($DOGE) jumped by around 5% over the past day. But Fartcoin ($FARTCOIN) has sparked even more excitement as it saw double-digit gains on March 20.

Veteran traders know that once the bulls return, meme coins are often able to rapidly outperform other sectors in the crypto market.

Below are four top meme coins to buy before the market rebounds.

Meme Index

One of the hottest new meme coins is Meme Index ($MEMEX). It will launch the first-ever meme coin index, implementing an ETF-like strategy that’s often used by the largest asset managers in traditional finance.

The platform will launch four meme coin baskets with a different risk profile. For example, the Meme Titan Index includes top meme coins such as Dogecoin and Shiba Inu. But on the extreme end of the volatility spectrum is Meme Frenzy, which includes low-cap meme tokens with the potential for exponential gains.

In contrast to traditional ETFs, Meme Index allows holders to vote on changes made to each basket so that the project remains as relevant to market sentiment as possible.

Recently, Hashdex has used a similar strategy to expand its crypto ETFs beyond Bitcoin and Ethereum to other altcoins.

Buyers will have to stake MEMEX tokens to access the platform’s meme coin indexes. After seeing strong early demand, the MEMEX token presale has already raised over $4.1 million.

You can currently buy MEMEX for just $0.0166883 before the presale ends in 11 days. Presale buyers can also stake MEMEX tokens for up to 556% APY.

MIND of Pepe

MIND of Pepe ($MIND) is next on our list of top meme coins. It uses artificial intelligence to scan the crypto market for profitable opportunities and alerts them to MIND token holders.

The platform will use large language models (LLM) and “hive-mind analysis” to process data from social platforms, on-chain transactions, and developer activity. It will use Retrieval-Augmented Generation (RAG) to add new, real-time data to pre-trained models for deeper signals.

MIND of Pepe’s AI will learn from user behavior and market changes, allowing it to adjust to changing market conditions without regular intervention from a development team.

Holding MIND gives you exclusive access to advanced research channels. Token holders can get exclusive insights and find hidden gems before they become mainstream.

While the crypto market is still consolidating, MIND of Pepe’s presale has crossed $7.48 million.

Investors can still buy MIND for $0.0035518, with the next presale round scheduled to begin soon.

Shiba Inu

Shiba Inu ($SHIB) has come a long way since its beginnings as a Dogecoin killer. Countless projects have been launched in the SHIB ecosystem, and it has gone far beyond its original meme status in many ways.

The launch of “ShibOS” is set to use Shibarium (a Layer-2 for Shiba Inu) and simplify building on the chain for developers, opening up the potential for SHIB use cases to grow exponentially. These use cases would likely be in gaming, NFTs, and DeFi.

What’s worth noting is that Shiba Inu has been steadily burning tokens. A continued burn mechanism could gradually reduce SHIB’s massive supply over time, which has been a concern for its critics.

SHIB is currently trading at around $0.0000129. However, SHIB is still about 85% below its all-time high of $0.00008854 in October 2021.

While that might sound bearish, it shows that the token has plenty of potential to reclaim losses if the broader market turns bullish.

Pudgy Penguins

Debuting in late 2024, Pudgy Penguins ($PENGU) emerged as an NFT collection which soon gained virality and an extensive fanbase across all major social networks.

It has now announced a token, PENGU, which supports a broader Web3 ecosystem of gaming, merchandise, and brand partnerships.

PENGU was recently listed on Robinhood for both US and EU markets, making it one of only a handful of meme coins on the exchange.

Moreover, thousands of Shopify stores now accept PENGU via Helio Pay and Shop Pay, thus giving the token real-world utility. PENGU’s recent success has also been cemented by its community of over 750,000 holders.

With its press time price of $0.00692, PENGU’s market cap is around $430 million.

However, given the strong brand loyalty and an active development team, the token may still have a high upside if the meme coin sentiment improves.