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Contrary to their image of short-life and low-profit investment, meme coins can make investors millionaires. So many investors have set the record to earn thousands or even millions on their meme coin investments. It includes the Pepe Coin profit incident, where six wallets made $2 Million in profits, whereas the SLERF trader made $3.2 Million in profits.
There is no end to this list of such profits, as every day someone new achieves that. So let us discuss the top three meme coins that might make you millionaires.
Top 3 Meme Coins To Become a Millionaire
More than choosing the right investment option, the right strategy matters more. The investors would have to look for the right opportunities to invest in the right way. Only then it be possible to have the desired outcomes, or else the crypto market volatility will eat the investment, and the investors will be left with mere change, not millions.
Talking of the best investment, top meme coins like Dogecoin, BONK, and Shiba Inu might be the best performing in the upcoming bull market. Let’s take a look at that.
Dogecoin
Dogecoin is the most preferred meme coin and has dominated the meme coin market for a decade. Though it is not the most valued or priced meme coin, because of its popularity and history of heavy profits, DOGE has always been the preference.
At the time of writing, DOGE price is at $0.1617 with a market capitalization of $23,286,796,931. Despite its low value, the meme coin is ranked 8th on the CoinmarketCap for its market cap and 13th for its trading value. Talking of which, it has a trading volume of $1,145,705,114.
In 2021, Dogecoin surged to its all-time high of $0.7376, more than 76% higher than its current value. At that time, the token was trading at an average of $0.05. But the price took a turn, ending with making millions in profit for its investors.
For now, analysts believe that in the next few months, Dogecoin has the potential to surge above the $1 mark after a 500% price surge.
#Dogecoin is showing its classic pattern once again! $DOGE is currently consolidating after breaking out from a descending triangle.
Based on past trends, we might just see #DOGE rocket towards $1 in the coming weeks! pic.twitter.com/dEWeVWLIHR
— Ali (@ali_charts) April 21, 2024
BONK
After disappearing for weeks in losses, BONK has finally surged, while indicating more gains in the next few days. BONK is one of the most popular Solana-based meme coins and is known for its contributions to its community. Bonk was launched with the slogan of, “for the people, by the people” and had airdropped almost half of its total supply among crypto investors to gain their support.
Because of its reputation in the crypto community, analysts believe that BONK might surge to a high of $0.000042 in the next few days. Focusing on its price performance, BONK price is at $0.00002657 after a 31% surge in just a day. The same is true with the token’s market capitalization, which has surged to $ 1.73 billion after an increase of 31.15%.
Also Read: Here’s How Much Your $100 Investment in BONK Will Be Worth If It Reaches $1
As a result of BONK’s listing on the Revolt app, BONK has gained this instant surge. The demand for the meme coin has increased in the last few hours as the trading volume is up by 260%.
Shiba Inu
Shiba Inu, widely known as the Dogekiller, can make millions in profits at the right times. After Dogecoin, it is the second most popular meme coin. It surged to its all-time high of $0.00008845 almost three years ago and aiming for it again now. As a bull market is supposed to take over the crypto market in the next few months, the Shiba Inu price will target an even higher spot.
After battling with slow days in the pre-halving market, SHIB has made quite a recovery, surging 22% in a week. The analysts believed Shiba Inu to surge over $0.000036 by the end of April and $0.0001553 before the year ends.
Also Read: Unraveling the Burning of 449 Million Shiba Inu Token
It comes after the crypto analyst Rafaela Ligo revealed a similar surge pattern as of 2021 ATH. It indicates the possibility of Shiba Inu surging above $0.00014. Another crypto analyst, Javon Marks, has agreed with Rafaela’s predictions. He added that once Shiba Inu enters the $0.00008 range, the path to the $0.0001553 is a piece of cake.
Since the attached and more original analysis, prices of $SHIB has shown MASSIVE STRENGTH, climbing approximately +531%, but these prices can be set for even more growth!
With the breakout target still at $0.000081, prices of Shiba Inu could have another +147% move coming.
A… https://t.co/ZjA5onlnBO pic.twitter.com/YuUllePvbl
— JAVON
MARKS (@JavonTM1) March 13, 2024
Final Thoughts
With the fluctuating market before Bitcoin Halving, the crypto market has to bear millions in losses. However, the upcoming bull run is supposed to return that in multiple folds. It is anticipated that this bull market will be the time for meme coins and AI tokens to dominate the crypto market and thrive for a long.
Read More: Will Bitcoin Halving Reignite Institutional Investors’ Inflows?
The post 3 Meme Coins That Can Make You Millionaire appeared first on CoinGape.
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