Top 5 Meme Coins to watch in April

TL; DR

Dogecoin (DOGE) experienced a price increase of almost 40% in two weeks, briefly above $0.22, with forecasts suggesting that it could reach $0.30 or $1. Other commemorative coins that have performed well of late include Shiba Inu (SHIB), dogwifhat (WIF), and more.

Dogecoin (DOGE)

The cryptocurrency market has been booming since the beginning of the year, with the meme coin sector stealing the show (at least for the time being). One asset that has performed well of late is the largest by market capitalization in this sector – Dogecoin (DOGE).

The price is up roughly 40% on a two-week scale, briefly surpassing $0.22 for the first time since November 2021. Currently, it hovers around the $0.20 mark, but many analysts believe that the rally is far from over.

X User Rekt Capital He argued That Dogecoin's “macro downtrend” has ended and a new “macro uptrend” has begun. Additionally, ChatGPT Estimate Depending on several critical factors, the value of MemCoin may rise to $1.

DOGE is Tesla CEO Elon Musk's favorite cryptocurrency. Grants from him have influenced the increase in property prices in the past, he recently He gave a hint The EV giant may accept the token as a form of payment “at some point.”

It will be interesting to watch if Musk's support continues until April and this could have a positive impact on DOGE.

Shiba Inu (SHIB)

The second largest meme coin by market cap – SHIB – also experienced a very successful month. Prices rose sharply in early March before slowing slightly in the following weeks.

The increase coincided with the development of the layer-2 blockchain solution Shibarium. The network surpassed the 400 million mark in total transactions on March 7.

The burn program was also a great success. as a Cryptopotato reportedThe team behind Meme Coin minted more than 15.5 billion tokens in March – a 2,300% increase compared to the figures seen in February.

Whether last month's positive performance will continue in April remains to be seen.

Dogwhiphat (YF)

The leading meme coin built on the Solana blockchain has undoubtedly been crypto's rock star over the past few months. In the year It saw the light of day at the end of 2023, the price exploded by 3,000% since the beginning of 2024.

Last week, WIF reached a high of $ 4.80, the market capitalization reached $ 5 billion. That's why. It has passed PEPE to become the third largest Mame coin.

WIF's impressive pump can be attributed to the support of cryptocurrency exchanges such as Binance and Coinbase and industry participants such as Arthur Hayes.

Currently, the dog-themed asset is the 31st largest cryptocurrency, and another potential rally in April could put it in the top 30 club.

Book of Memes (BOME)

This Solana-based meme coin deserves a spot on your watch list as well. Launched in mid-March, BOME's market cap briefly rose to $1.5 billion before reaching its current $850 million.

It has caught the eye of some exchanges, including Binance Listed. The following trading pairs: BOME/BTC, BOME/USDT, BOME/FDUSD, and BOME/TRY.

The growth depends in part on additional support from the business community, so let's see if others jump on the bandwagon in April.

SLERF

Last but not least, we will touch on SLERF since mid-March when the price peaked but was on the decline. A sloth-themed meme coin has been involved in a suspicious activity, which happens to be the developer behind it. Burning $10 million in cash raised from investors during the pre-sale.

This should be used as a reminder that despite the potential to bring high profits, such assets lead to catastrophic losses.

If you are thinking of joining the ecosystem, please watch our video to avoid some common mistakes related to it.