Bitcoin Drops, Meme Coins DOGE, SHIB & FLOKI Pumping

Now that Bitcoin’s capital is likely to flow towards meme coins again, in this article we look at the meme cryptos with the most potential to rise in the coming days and weeks.

Bitcoin Price Falls While Meme Crypto Sector Rises

Today is one of those days where we see another inverse correlation between the Bitcoin price and meme coins, possibly meaning that investors have moved their profits from Bitcoin to meme coins.

We take Dogecoin (DOGE) as an example, because this meme coin is a good pillar of the amount of interest the market has in meme coins. DOGE is up over +5% today to a peak of $0.165 while Bitcoin is down almost -2% to $66,000.

Normally Dogecoin moves along with Bitcoin, but today we see the opposite, which likely serves as a strong signal that meme coins could pump again in the coming week.

Dogecoin broke below its 30-day moving average (yellow) this week, but on Wednesday reversed Tuesday’s losses. Despite this pump, DOGE’s Relative Strength index (RSI) is still at the neutral level of 56, which gives DOGE the opportunity to rise even further in the coming week.

Shiba Inu, the #2 largest meme crypto, also rose +2.5% today to $0.00002775. However, FLOKI, which also experienced a pump today, is still 8% lower than yesterday, possibly because the meme coin is almost +600% higher than a month ago, giving traders a lot of profit to withdraw.

Meme coins started as a joke, but are now starting to become part of a serious portfolio. For example, a tweet from WhaleFUD Capital shows that even BlackRock invests in meme cryptos.

🚨 BlackRock now holds a portfolio of at least $40,000 worth of memecoins and NFTs on Ethereum pic.twitter.com/kaeJOs72uJ

— WhaleFUD (@WhaleFUD) March 22, 2024

?s=20

However, meme coins remain much more volatile than traditional investments and therefore have a very high risk, with a chance of very high returns. And as the Bitcoin price continues to rise, the meme coin market could grow a lot in this bull run.

The advantage is that if you manage to find a meme coin before it explodes, you can make enough profit with a small investment to not have to work all year. That is why in this article we also look at a number of alternative meme crypto trends, which are not as popular as DOGE, SHIB and FLOKI, but have the potential to rise rapidly in the near future.

Dogecoin20 (DOGE20)

Dogecoin20 (DOGE20) has a lot of potential to remain relevant in the longer term, while most meme coins collapse within a week, with or without a big pump. The new meme coin is temporarily available for presale, giving you the chance to buy DOGE20 before it experiences its first pump.

Dogecoin20 puts a unique spin on the original Dogecoin and offers investors the opportunity to make money passively. Using the Ethereum blockchain, investors can stake DOGE20 for additional tokens.

Go on #DOGE20! 🚀

2 Milestones in 1 Day! 🎉

Reaching over $5M raised now! 💰

We are on a roll! 🌟

Massive shoutout to the best Community ever! 🙌

$6 million tomorrow? – Definitely! 💪 pic.twitter.com/GuMT1lidEO

— Dogecoin20 (@DOGE_COIN20) March 21, 2024

?s=20

You can purchase Dogecoin20 in the presale for $0.000205 each, with the option to stake the token early to passively earn tokens during this presale. Soon DOGE20 will launch on its first exchange and this new meme coin could become worth a lot.

Smog (SMOG)

Smog (SMOG) is a meme coin that launched in February and continues to gain a lot of attention today for its upcoming massive airdrop on Solana. Today you have just over a week to participate in this airdrop, which seems to be increasing FOMO among investors. SMOG is up over +5% today.

You can participate in the SMOG airdrop by completing quests on Zealy and by purchasing and holding or staking SMOG for additional airdrop points. Smog also does small airdrops to other meme communities to gain extra exposure, which gives the meme coin a lot of potential to go viral.

You can buy SMOG from the official website and Jupiter on Solana. If you choose to stake SMOG, you will get a 10% discount on the current value and earn an APY of 42% with additional airdrop points, which will further increase your share of the emerging crypto airdrop.

DogWifCat (DWIFC)

DogWifCat (DWIFC) is a meme coin that launched this week and is up almost +200% today. This shows that the current -wifhat meme is not yet out of the running and creative meme coins still receive a lot of attention.

DWIF is based on other popular meme coins, but has many features of Dogecoin, making this a meme crypto with potential to be the next to explode on Solana.

Meme season still going strong. Dogs, cats, hard to choose between all kinds of domesticated animals, so why not go for a combination of the two?

Meet $DWIFC
DogWifCat

Good team. This could run hard.https://t.co/TgjisxHhHo pic.twitter.com/3zVATQHMkl

— Chase (@Taknmdwn) March 21, 2024

You can buy DWIFC through the DEX aggregator, Jupiter on Solana. Crypto whales also seem to have a lot of interest in the meme coin, which means there is an opportunity to achieve high returns in the short term.

Disclaimer: This article contains insights from independent authors and is not part of BitcoinMagazine.nl’s editorial content. This is not investment advice, please do your own research.