Bitcoin price continued its strong bull run on Friday as it jumped to a record high of $117,000. This surge has also triggered significant gains among altcoins, with many of them soaring by double digits.
A crypto market rally often leads to sizable gains among meme coins due to their historically low prices. This article explores some of the best meme coins to buy for substantial gains ahead.
Pepe (PEPE)
Pepe, the second-biggest meme coin on Ethereum network, is one of the best meme coins to buy this year. It is a highly popular coin with a daily volume of over $6.4 billion and open interest worth nearly $690 million.
Pepe is a good meme coin to buy also because of its strong technicals, which may push it to its all-time high later this year. It has formed a slanted double-bottom pattern with a neckline at $0.00001625.
Pepe coin also formed a giant falling wedge pattern and has moved above the 50-day and 100-day moving averages. Therefore, the token will likely continue going up in the next few weeks as long as the crypto market rally intensifies.
READ MORE: Pepe coin price prediction: 3 reasons this meme coin will surge
Dogwifhat (WIF)
Dogwifhat, popularly known as WIF, is another good meme coin to buy and hold during the ongoing crypto market rally. It is a top token on the Solana ecosystem.
Technicals suggest that the WIF token is on the verge of a strong bull run in the coming weeks. Like Pepe, it has formed a falling wedge, a popular bullish reversal pattern.
This wedge is part of the formation of the cup-and-handle, whose depth is about 76%. Therefore, measuring the same distance from the cup’s upper side brings the target price at $2.37, which is slightly below the 50% retracement level at $2.54.
READ MORE: WIF price analysis as some whales buy the Dogwifhat dip
Fartcoin (FARTCOIN)
Meanwhile, Fartcoin is another top meme coin to buy because of its popularity and market share. Its daily volume surged to over $420 million on Friday, with its market surging to over $1.3 billion.
Fartcoin price also has strong technicals that may push its price higher in the coming weeks. The chart below shows that it has just moved above the symmetrical triangle pattern.
This triangle was part of the formation of the handle section of the cup-and-handle. Therefore, the initial WIF price target is $1.6380, the upper side of this pattern. A move above that level will point to more gains, potentially to the all-time high of $2.73.
READ MORE: Fartcoin price is rising: here’s why this Solana meme coin could double
Floki (FLOKI)
Floki is one of the best meme coins to buy and ride the ongoing crypto bull run. It is an old token that runs on the Ethereum and BSC networks.
Unlike many other meme coins, Floki has worked to create an ecosystem, which involves an NFT metaverse known as Valhalla, TokenFi, a tokenization project, Floki trading bot, staking, and FlokiFi, its decentralized finance network.
Floki price has also formed a symmetrical triangle pattern, and as moved above its upper side. This means that the token will likely keep rising as bulls target the resistance at $0.00015.
Other top meme coins to buy
There are many other popular meme coins to buy and hold during this rally. Some of the most notable ones are Bonk, MemeCore, Brett, and SPX6900. Do your own research.
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