{"id":16608,"date":"2024-10-30T11:01:36","date_gmt":"2024-10-30T11:01:36","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=16608"},"modified":"2024-10-30T11:01:36","modified_gmt":"2024-10-30T11:01:36","slug":"heres-why-these-5-meme-coins-might-do-extremely-well-this-bull-cycle-analyst","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=16608","title":{"rendered":"Here\u2019s Why These 5 Meme Coins Might \u2018Do Extremely Well\u2019 This Bull Cycle (Analyst)"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Certain memes, including SPX and MOG, may thrive in the near future due to their \u201cstubborn\u201d investors.<\/span>
\nShiba Inu (SHIB) \u2013 an asset which also has a solid community \u2013 could see a 145% price surge soon due to breaking an important resistance level.<\/p>\n

<\/a><\/span><\/h2>\n

The Potential Factor<\/h2>\n

Meme coins are highly volatile and can be among the top performers during a bull cycle, registering double and even triple-digit daily price increases. The <\/span>popular<\/span> X user Murad focused on five particular tokens of that type that may take center stage soon: SPX6900 (SPX), Gigachad (GIGA), Apu Apustaja (APU), Mog Coin (MOG), and HarryPotterObamaSonic10Inu (BITCOIN).<\/span><\/p>\n

The analyst <\/span>believes<\/span><\/a> the <\/span>aforementioned assets<\/span> have \u201cdelusional, stubborn, and relentless\u201d holders, which can be <\/span>of utter importance<\/span> for future price growth.<\/span><\/p>\n

Murad claimed this is the exact reason why well-known cryptocurrencies such as Bitcoin (BTC), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), and Chainlink (LINK) have witnessed substantial gains in the past.\u00a0<\/span><\/p>\n

It is worth noting that many of the depicted meme coins have already rallied significantly. The cat-themed MOG, for example, is currently worth $0.000001961 (per CoinGecko\u2019s data), representing a staggering 3,300% spike <\/span>on a yearly scale<\/span>.
\n<\/span><\/p>\n

<\/a>MOG Price, Source: CoinGecko<\/p>\n

For its part, SPX hit a new all-time high of $0.97 on October 29. <\/span>As of the moment<\/span>, it is hovering at around $0.87, meaning a 3,600% increase in the past 12 months.\u00a0<\/span><\/p>\n

How About SHIB?<\/span><\/h2>\n

Speaking of \u201cstubborn\u201d holders, one should mention Shiba Inu (SHIB). The second-largest meme coin <\/span>is considered<\/span> to have<\/span> one of the <\/span>strongest<\/span> and most devoted communities (comprised of investors, proponents, and developers).\u00a0<\/span><\/p>\n

Several crypto analysts think SHIB is ready for a price explosion. One example is the X user, The Don of Apes, who <\/span>claimed<\/span><\/a> its valuation has successfully broken a diagonal resistance level to the upside. Based on this, the trader expects a parabolic 145% spike to $0.00004539 in the following months.<\/span><\/p>\n

Meanwhile, the meme coin\u2019s price is well in the green today (October 30), with some on-chain metrics indicating a further surge in the short term. <\/span>According<\/span><\/a> to CryptoQuant, the SHIB supply stored on cryptocurrency exchanges is now at a three-year low. <\/span>This<\/span> could indicate a <\/span>major<\/span> shift from centralized platforms toward self-custody methods, which reduces the immediate selling pressure.<\/span><\/p>\n

The post Here\u2019s Why These 5 Meme Coins Might \u2018Do Extremely Well\u2019 This Bull Cycle (Analyst)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Certain memes, including SPX and MOG, may thrive in the near future due to their \u201cstubborn\u201d investors. Shiba Inu (SHIB) \u2013 an asset which also has a solid community \u2013 could see a 145% price surge soon due to breaking an important resistance level. The Potential Factor Meme coins are highly volatile and can […]<\/p>\n","protected":false},"author":0,"featured_media":16609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/16608"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16608"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/16608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/16609"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}