Top 5 Memecoins to Buy as Bull Rally Approaches

With several memecoins starting March on a bullish note, here are five of these assets that might be worth buying amid the encroaching bull rally.

After being relegated to the foreground amid a deep focus on Bitcoin (BTC) following the approval of its underlying spot Exchange Traded Fund (ETF), the memecoin ecosystem has visibly changed its growth outlook.

With a combined 21% in the sector’s market cap as of writing, Shiba Inu (SHIB), Floki, BONK, PEPE, and Dogecoin (DOGE) are currently taking center stage.

Shiba Inu (SHIB)

Shiba Inu is arguably one of the most popular memecoins with a vibrant community. After struggling to breach the $0.00001 resistance level, it is now changing hands for $0.00002066, up by 44% in the past 24 hours. With the current uptrend, the asset has soared by 115.39% in a week.

Shiba Inu 1D Chart | CoinMarketCap

Shiba Inu is worth keeping a close eye on, seeing it has defined its growth tracks. The asset aims to boost the adoption of SHIB through Shibarium, its layer-2 scaling solution built on Ethereum.

Floki

Floki is one of the most hyped memecoins. In a bid to deepen its roots in the scene, the project unveiled a crucial pivot toward tokenization through TokenFi, as reported in October 2023 by The Crypto Basic.

Since unveiling this new platform, the outlook of Floki has changed as investors now tips it for encompassing long term growth.

Joining the current rally, Floki jumped 84.36% in 24 hours and by more than 220% in the past week to $0.0001126. Floki has a market capitalization of $1,045,837,454.

Floki 1D Chart | CoinMarketCap

The token is now at its highest level Since December 2021 with potential for more rally.

BONK

BONK is Solana’s flagship memecoin and it has been on a parabolic rally since the start of the year after recording a correction toward the end of last year.

With its growth closely connected with the upshoot in Solana, BONK has managed a 4.07% growth in 24 hours to $0.0000238. Over the past week, BONK’s price has skyrocketed by 103%, underscoring the dominant disposition assumed by its bulls.

BONK 1D Chart | CoinMarketCap

PEPE

PEPE has always been unique from the onset with its frog-themed nature setting it apart for instant success.

Today, PEPE still holds a key sway over a significant number of memecoin traders, a trend that has helped it sustain its demand from buyers.

At the time of writing, PEPE is worth $0.0000238, up 15% in 24 hours and by 238.6% in the past week. With its current outlook, PEPE might have more uptrend left to deliver.

PEPE 1D Chart | CoinMarketCap

Dogecoin (DOGE)

Dogecoin is the first memecoin and remains the largest in the market. The token is proving its leadership with a 10.76% surge in 24 hours to $0.1384, with its and market cap equally soaring to $19,865,600,592.

Dogecoin 1D Chart | CoinMarketCap

Over the past week, Dogecoin has skyrocketed by 61.03%, demonstrating the sustained positive sentiment within its ecosystem.

Source