Following an exceptionally bullish month of March in the cryptocurrency market, which has seen multiple of its assets reach new all-time highs (ATHs), the jury is out on which meme coins could help crypto traders and investors make money and turn a profit in April.
With this in mind, Finbold has scoured the industry to arrive at a list of three such lucrative opportunities in the meme coin sector, the price of which could explode in the near future and allow their holders to turn an investment of as little as $100 into a profit of $1,000 during the current month.
#1 Shiba Inu (SHIB)
Interestingly, despite many assets hitting their new ATHs recently, Shiba Inu (SHIB) has been among those still waiting to do the same, suggesting the possibility of a late reaction, particularly against the backdrop of a record-breaking 15 billion SHIB burned in March.
Picks for you
For now, SHIB is changing hands at the price of $0.00002647, which suggests a 0.04% gain in the last 24 hours, a decline of 13.71% across the previous seven days, and a 26.92% loss on its monthly chart but nonetheless an impressive advance of 156.24% this year, as per data on April 5.
#2 Dogecoin (DOGE)
Another meme coin awaiting its new ATH is Dogecoin (DOGE), which looks to be “at the very beginning of a massive parabolic bull run,” particularly as it has recently flipped bullish on a monthly close for the first time since 2021, suggesting an “explosive” future, as several experts pointed out.
At the moment, the price of Dogecoin stands at $0.17162, recording a 5.29% drop on the day, in addition to losing 20.42% over the past week but making a monthly increase of 2% and racing 92.16% since the year’s turn, according to the most recent chart information retrieved by Finbold on April 5.
#3 Brett (BRETT)
Finally, Brett (BRETT), a newcomer to the stage inspired by the character from Matt Furie’s ‘Boy’s Club’ comic, just like the Pepe (PEPE) meme coin, and touted as “Pepe’s best friend on Base Chain,” is demonstrating a “very good risk-to-reward ratio at the current levels,” as Ali Martinez noted.
As such, a well-placed investment of $100 in the BRETT meme coin could result in a profit of $1,000, particularly as the asset has soared nearly 7,300% since its launch on February 29 and is currently trading at $0.07038, down 5.30% on the day but up 16.54% across the week, and gaining 82% during the past month.
Conclusion
Ultimately, the above crypto assets could, indeed, make their investors richer during this month, but caution and doing one’s own research is adamant, considering the often volatile nature of the crypto sector and the capacity of its participants to turn things around.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
