With most participants in the cryptocurrency sector struggling to maintain the optimistic momentum, meme cryptocurrencies are no exception, but some of them have shown strong potential to deserve their place on the to-buy lists of meme token fans and investors in July.
With this in mind, Finbold has analyzed the crypto market to arrive at the list of the top five meme-themed digital assets that fit the above description, either due to their popularity, recent price action, chart patterns, or important developments surrounding them.
Shiba Inu (SHIB)
As it happens, the market’s heavyweight Shiba Inu (SHIB) lacks impressive movements in recent days and weeks, but it certainly does not lack the capability to rise above expectations, particularly as the hype around its Layer 2 Shibarium blockchain continues, which is why the CoinCodex machine learning algorithms predict it would increase by 500% by the end of 2023.
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In the meantime, the dog meme digital asset is currently trading at the price of $0.000007353, recording a slight decline of 0.5% on the day and adding up to the weekly loss of 8.33% and a decline of 15.61% on its monthly chart, as per the latest data retrieved by Finbold.
Causing a true commotion in the crypto market that seemed to have grown accustomed to having only a couple of prominent meme tokens until that point, Pepe (PEPE) has not only made a few millionaires in its early days, but the hype has still not deflated as the token based on the popular frog meme character continued to attract interest.
Indeed, Pepe was at press time trading at the price of $0.000001567, which represents an advance of 4.06% on the day and 8.07% across the previous month, despite losing 3.18% to its value on its weekly chart, according to the data from June 29.
Following an explosive start in mid-May, Snek (SNEK) has pumped over 300% in less than two weeks. Although it has failed to sustain this powerful move, the Cardano (ADA)-based asset inspired by the popular theme featuring snakes with interior monologue captioning has experienced a swift correction.
However, in the last 24 hours, Snek has recovered its bullish strength and gained 18.41%, moving to reverse the losses of 10.50% over the past seven days and 67.58% on its monthly chart, as it is currently changing hands at the price of $0.0003744.
Interestingly, despite launching back in early May, the popularity of the 4Chan (4CHAN) token has not started to gain significant attention or price gains until only recently, and it owes this attention to the popularity of the 4Chan platform, which many consider the birthplace of internet memes.
Although the price of the 4Chan token has suffered recently following its immense success, in line with the overall sentiment on the crypto market, its price could be gearing up for another leg up, currently trading at $0.00000000000006985, up 12.24% on the day, down 66.67% across the week, and gaining a whopping 325.8% over the month.
Milady Meme Coin (LADYS)
Another newcomer to the meme crypto sector and a potential competitor to the meme giants Shiba Inu (SHIB) and Dogecoin (DOGE), Milady Meme Coin (LADYS) has recently caught the eye of many an investor with the strong spikes of its price during the recent market bullishness triggered by multiple spot Bitcoin (BTC) exchange-traded fund (ETF) filings.
Although its more recent charts are not impressive, having lost 2.45% on the day and 15.82% across the past week, the Milady Meme Coin has still managed to gain 16.95% across the previous month, during a time when many other cryptocurrencies were struggling, and is currently trading at $0.00000004874.
All in all, it is important to remember that while the above meme coins might show strength and bullish sentiment at the moment, things in the crypto space are prone to surprises and volatility, which is why any wise investor should conduct their own research before devoting a significant part of their budget to any specific asset.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.