Cryptocurrency: Top 3 Memecoins To Watch During The Dip
The cryptocurrency market is showing signs of recovery after the recent selloff. Bitcoin (BTC) is slowly moving back towards the $56,000 mark after it fell below $50,000 on August 5, 2024. The overall global crypto market cap has risen by 7.1% in the past 24 hours and now stands at $2.07 trillion. Despite the improvement in daily charts, several significant assets are still in the red over longer time frames. Let's take a look at three meme coins you might want to watch during this dip.
Top 3 Meme Cryptocurrencies to Watch During The Dip
1. Shiba Inu (SHIB)
Shiba Inu has seen significant gains in the last 24 hours, rallying by over 18% in daily charts. However, the asset is still down in weekly, 14-day, and monthly charts, falling 16.8%, 19.7%, and 15.6% respectively. SHIB is one of the most popular cryptocurrencies with substantial growth potential. It's predicted to reclaim the $0.00002 level sometime this week. The low prices right now might be a good entry point for new investors.
2. Pepe (PEPE)
Pepe is another meme coin that has seen a healthy rally, gaining 19.2% in daily charts. The asset is down by 31.3% in weekly charts, 31.4% in 14-day charts, and more than 13% over the past month. This frog-themed meme cryptocurrency was one of the best-performing assets last year. PEPE's price has surged by over 600% since August 2023.
3. dogwifhat (WIF)
WIF, also known as dogwifhat, is a Solana-based meme coin that has shown stellar performance over the last few months. The coin has rallied by over 23% in the last 24 hours, but it is down by 39.2% in weekly charts, 45.4% in 14-day charts, and 22.7% over the past month. WIF has rapidly climbed the charts and is currently the 54th largest cryptocurrency by market cap.
By keeping an eye on these meme coins during the dip, savvy investors might find new opportunities for profit as the market rebound continues.
