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Analyzing the most popular meme coins; Buy, sell or HODL
After having a greedy zone the day before, the crypto market is returning to neutral today. However, the cryptocurrency’s market cap still rose 1.7%, bringing the value to $2.41, the highest in weeks. The same happens in the case of the popular cryptocurrencies like Bitcoin, Ethereum and many meme coins, which have gained good momentum today. However, many lost their previous gains.
In this sense, let’s take a look at the performance of popular meme coins and how they behaved today to analyze whether we should buy, sell or HODL them.
Dogecoin
Dogecoin is without a doubt the top of the most popular meme coins. Its price is in balance with its value a month ago, with small ups and downs in between. Dogecoin is currently priced at $0.1519 with a market cap of $21,922,576,553 and a trading volume of $1,080,891,130, with a small drop in all three. However, the market sentiments show DOGE buying action, which could lead to a small increase in price.
Dog hat
Dog hat it is more in a downtrend, where its value has fallen by 7% in just one week. It is currently trading at $2.88, with a market cap of $2,876,492,069 and trading volume of $525,762,214, which has fallen by 40% in the last 24 hours. WIF sentiments are more sell-oriented, which could result in further price declines.
PEPE
PEPE is still in a greedy zone as the meme coin recently established a all time high record $0.00001156. At the time of writing, PEPE it is currently trading at $0.00001023 and is just 12% away from its ATH. Furthermore, its market value is $4.31 billion and trading volume is $1.32 billion, which is down 33% from yesterday. As analysts believe, PEPE could continue to rise in the coming days.
Shiba Inu
Shiba Inu Price increased by 8% and 15% in the last week and month intervals, bringing its value to $0.00002487. However, the trading volume decreased by 48% compared to the previous one, reducing the value to US$557.17 million. Demand for Shiba Inu is still persistent as investors are still buying the meme coin.
FLOKI
FLOKI rose 4.67% in the last 24 hours, and the same happens with the market value, which is up to US$2,030,696,497. At the time of writing, FLOKI is trading at $0.0002124, up 61% in one month. Although trading volume fell to $397,472,718 after a 41% drop, FLOKI is in a strong buy zone based on moving average data.
Final thought
Despite the instability of the crypto market, meme coins have been performing great for days. When analyzing the most popular meme coins on the market, the secret is in the coins you should have in your portfolio. Before the bull market returns, these meme coins could become profitable assets in the short term.
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