Best cryptocurrencies to buy now on May 13: Dogecoin, Shiba Inu, Pepe

Last updated: May 13, 2024 5:08 pm EDT | 3 minute read

Dogecoin, Shiba Inu and Pepe make the list of the best cryptocurrencies to buy now. Image by cryptonews.com

As cryptocurrency markets recover ahead of a week full of major US economic data, various meme coins are leading the pack and could be the best cryptocurrency to buy now.

Bitcoin (BTC) last traded above $62,000, up 2% on the day, but still stuck in recent ranges.

US CPI and retail sales data released on Wednesday could shock the market beyond recent levels.

As traders await macro catalysts, an unexpected theme emerged on Monday.

Legendary stock investor GameStop (GME) meme. Roaring Kitty has resurfaced on X for the first time since 2021.

The comeback icon of 2021 meme stock surge caused a surge memetic currency risk-taking activities.

Meme coins dominate the charts of top artists today. Here are some that could be the best cryptocurrencies to buy now.

The best cryptocurrencies to buy now

Dogecoin (DOGE)

The growth potential of Dogecoin

Monday saw a 5% increase in the price of Dogecoin (DOGE). as traders speculated on the potential arrival of a new meme coin season.

As the largest and oldest meme coin by market capitalization, Dogemoneta it currently sits at just under $0.15, boasting a substantial market capitalization of $22.2 billion.

Despite its current price, many enthusiasts believe DOGE it could reach the coveted $1 mark, pushing its market capitalization to over $140 billion.

This exponential growth potential, representing a 6.5x increase from its current value, positions Dogecoin as one of the best cryptocurrencies to buy today for investors willing to embrace the volatility inherent in the meme coin market.

Shiba Inu (SHIB)

Shiba Inu (SHIB), currently the second largest meme coin by market capitalization, also presents itself as an interesting investment opportunity.

The recent price increase of 4%.coupled with a potential upside breakout of its pennant structure, suggests a possible rally towards March highs above $0.000045.

Shiba Inu might be the best cryptocurrency to buy right now. Source: TradingView

Such a rally would be a near-event 100% increase compared to the current pricehovering around $0.000024.

With a market capitalization exceeding $14 billion, Shiba Inu reflects Dogecoin’s strength in its large and dedicated community of more than 3.8 million followers. This strong community support suggests that Shiba Inu is well positioned to be the best cryptocurrency to buy today.

Pepe Coin (PEPE)

Pepe Coin (PEPE) reached new record highs on Monday, surpassing $0.000011 per token.

Although it has since retreated back below $0.000010, PEPE is still up 13% in 24 hours, as per CoinMarketCap.

If it were to retrace to $0.000009, this could be a great support zone to buy.

Pepe might be the best cryptocurrency to buy right now. Source: TradingView

A still-modest market capitalization of $4.2 billion suggests Pepe still has room to maneuver.

PEPE could easily become a $20 billion meme coin in the years to come. The 5x potential earnings make it among the best cryptocurrencies to buy now.

Exciting Meme Coin Presale to Consider – Dogeverse (DV)

The meme coins mentioned above could all post solid 3-5x gains.

But if meme coin investors want to secure 50-100x gains, they need to target the newer/lesser known coins.

Cryptonews analysts are excited about a new meme coin, Dogeverse (DV), available for pre-sale and featuring new cross-chain features.

Dogeverse stands out from other meme coins with its multi-chain approach, launching on six of the most widely used blockchains (excluding Bitcoin) and incorporating multi-chain bridging capabilities.

The strategic decision could position Dogeverse as a leader in the competitive meme coin market, leveraging the diverse blockchain ecosystem.

The project has already attracted significant attention, raising more than $15 million in pre-sale funding.

Its multi-chain accessibility and ambitious vision suggest that Dogeverse has the ingredients for viral success, attracting investors eager to participate in its pre-sale phase.

Visit Dogeverse here

Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.

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