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Analysis of the most popular meme coins; Buy, sell or HODL
After having a greedy area the previous day, the cryptocurrency market is returning to neutrality today. However, the cryptocurrency market capitalization is still up 1.7%, pushing the value to $2.41, the highest in weeks. The same is true in the case of the popular cryptocurrencies such as Bitcoin, Ethereum and many meme coins, which have gained good momentum today. However, many have lost previous gains.
On that note, let’s take a look at the performance of the most popular meme coins and how they performed today to analyze whether to buy, sell, or HODL them.
Dogemoneta
Dogecoin is undoubtedly the top of the most popular meme coins. Its price is in balance with the value of a month ago, with small ups and downs in between. Dogemoneta it is currently priced at $0.1519 with a market cap of $21,922,576,553 and trading volume of $1,080,891,130, with a slight decline in all three. however, the market sentiments show buying action for DOGE, which could lead to a slight price increase.
Dogwifhat
Dogwifhat it is more in a downtrend where its value dropped 7% in just a week. It is currently trading at $2.88 with a market capitalization of $2,876,492,069 and a trading volume of $525,762,214, which is down 40% in the last 24 hours. WIF sentiments are more in favor of selling, which could lead to further price declines.
PEPPER
PEPE is still in a greedy zone as the meme coin recently set a level historic high record of $0.00001156. At the time of writing, PEPPER it is currently trading at $0.00001023 and is only 12% away from ATH. Furthermore, its market capitalization is $4.31 billion and trading volume is $1.32 billion, down 33% from yesterday. According to analysts, PEPE may continue to rise in the coming days.
Shiba Inu
The price of Shiba Inu it 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 before, bringing the value to $557.17 million. The demand for Shiba Inu is still persistent as investors are still buying the meme coin.
FLOKI
FLOKI has grown by 4.67% in the last 24 hours, and the same goes for the market capitalization, which is up to $2,030,696,497. At the time of writing, FLOKI it is trading at $0.0002124, up 61% in a month. Although trading volume fell to $397,472,718 after a 41% decline, FLOKI is in a strong buy zone based on moving averages data.
Final thought
Despite the instability of the cryptocurrency market, meme coins have been going strong for days. Analyzing the most popular meme coins on the market, the secret lies in which coins to have in yours wallet. Before the bull market returns, these meme coins can become profitable short-term assets.
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