Pepe and Jasmy staged a strong rally during the weekend, making them some of the best-performing cryptocurrencies. Jasmy, popularly known as Japan’s Bitcoin, jumped to a high of $0.05896, up by 270% from its November lows. Pepe surged to a record high, pushing its market cap to over $10 billion. Here are some of the best meme coins to buy as the crypto fear and greed index rises.
Best meme coins to buy today
Looking for the best meme coins to buy today after the strong Pepe and Jasmy rebound. This article explores why Shiba Inu, Floki, and Bonk are some of the most ideal coins to buy in this crypto rally.
Floki (FLOKI)
Floki is one of the best meme coins to buy today. It was trading at $0.00026 on Monday, up by just 124% from its November lows. It has remained in a tight range in the past few weeks as traders waited for the next potential catalyst.
There are three main reasons why the FLOKI price will go parabolic in the next few weeks. First, unlike other meme coins, it has a real utility since it powers its NFT and DeFi ecosystems. Data by DeFi Llama shows that the Floki Locker has over $50 million in total value locked (TVL), a figure that is growing.
Second, FLOKI is highly deflationary, helped by its token burns. The network burns millions of coins every month, a trend that will continue over time.
Third, FLOKI has strong technicals. On the daily chart, we see that it formed a golden cross pattern on November 12 as the 50-day and 200-day moving averages crossed each other. It has remained above the two averages since then. FLOKI is also forming a cup and handle pattern whose upper side is at $0.000348. Therefore, the coin could explode higher in the near term.
Read more: Altcoin Season Index is Rising: 3 Overlooked Cryptos to Buy
Shiba Inu (SHIB)
Shiba Inu is another good meme coin with a lot of potential to buy. It is the second-biggest meme coin with a market cap of over $18 billion.
Like Floki, Shiba Inu has an active ecosystem like Shibarium and ShibaSwap. It is also burning billions of tokens each month, reducing the number in circulation.
As we wrote on Friday, SHIB price also has strong technicals that could push it higher in the next few weeks.
On the weekly chart, the coin has moved above the 50 and 25 moving averages. The MACD and the Relative Strength Index (RSI) have all pointed upwards.
Most importantly, it is attempting to form a cup and handle pattern whose upper side is at $0.0000455. A move above that level will raise the chance of the coin rising to its all-time high of $0.00008830, which is about 178% above the current level.
Bonk (BONK)
Bonk is one of the best meme coins to buy. It is the OG of the Solana meme coin industry and has achieved a market cap of over $3.4 billion.
The main reason why Bonk is a good coin to buy is that it is still highly popular despite facing substantial competition from the likes of WIF, Popcat, and GOAT. Its 24-hour volume is often over $1 billion.
Bonk also has strong technicals. It has formed a cup and handle pattern, a popular continuation sign. The current consolidation phase is part of the formation of the handle section.
Therefore, the coin will likely continue rising as bulls target the next psychological point at $0.00010, which is about 120% above the current level.
Read more: Best New Solana Meme Coins to Buy as Altcoin Season Starts
