Meme Coins Surge: Best Cryptos to Invest During the Current Bull Run

Bitcoin’s resilience above $92K has led to a rebound in meme coins, with notable gains in PEPE, BONK, and DOGE. As the meme coin market capitalisation exceeds $53 billion, this surge suggests a bull run is underway. Key investment options include Dogecoin and BTC Bull, along with emergent projects like Fantasy Pepe and Solaxy, showcasing strong potential in this vibrant sector.

Currently, Bitcoin is maintaining its position above the $92K support level, prompting a positive response in the meme coin market. Notably, leading tokens such as PEPE, BONK, and DOGE have seen double-digit gains, contributing to a meme coin market capitalisation exceeding $53 billion. As Bitcoin began to recover from the $76K level, it’s clear that momentum is building, indicating a prime opportunity for investments in meme coins.

The recent bull run has invigorated the top meme coins, with Dogecoin leading with a 16% gain over the past week, followed closely by PEPE, which has risen by more than 25%. Additionally, Shiba Inu also recorded a 16% increase, while both Official Trump and BONK reported gains of 16% and 30%, respectively. The question remains as to the sustainability of this bull market as Bitcoin’s RSI suggests further upward momentum may be achievable.

Investors are advised to consider Dogecoin due to its current trading position of around $0.18 and a reported 16% gain in a week. This growth is buoyed by community efforts to maintain momentum and potential approval for a DOGE ETF, which could greatly enhance institutional interest. The current resistance levels for DOGE are set at $0.20, $0.24, $0.28, $0.34, and $0.43.

BTC Bull represents another compelling choice as a speculative meme coin directly benefiting from Bitcoin’s performance. The project is structured around Bitcoin milestones, burning tokens and airdropping Bitcoin to its holders whenever Bitcoin reaches a certain value. Its design ensures a symbiotic relationship, encouraging a strong potential for price appreciation.

PEPE, a popular meme coin, has seen nearly 15% growth in the last 24 hours and is up approximately 30% over the week, currently sitting at about $0.000009. Its $3.85 billion market cap is reflective of its rising popularity influenced by Bitcoin’s performance and potential endorsements, such as Elon Musk’s interest in the Pepe meme.

Fantasy Pepe, in presale with over $211K raised, combines AI with fantasy football through Pepe-themed content, promising both entertainment and potential token rewards. It appeals to short-term investors by offering engaging game mechanics, driving excitement and virality.

BONK, the Solana-based meme coin, has seen a surge of more than 28%, now trading around $0.000015. Its integration within the Solana ecosystem as a community-focused meme coin enhances its utility across a variety of applications, projecting strong potential for further growth against its all-time highs.

Next is Solaxy, a utility-driven project for the Solana blockchain, which leverages technology like zero-knowledge rollups to provide a robust environment for developers. Solaxy’s innovative narrative integrates memes, which bolster the project’s unique identity and mission to foster a thriving ecosystem for meme coins.

In summary, despite the exciting developments in the meme coin sector, investors should remain cautious of potential corrections. Diversifying portfolios with both trending meme coins and promising ICOs can serve as an effective strategy to mitigate risks while capitalising on market trends.