As we enter August, we might see a positive trend in the crypto market, which could be a good sign for meme coins and their potential for significant growth.
We’re analyzing the Bitcoin chart, focusing on a monthly view to understand the overall market trends. Since March, when the bull trend we’ve been following started to weaken, the market has mostly moved sideways instead of declining.
Investors are eagerly anticipating a catalyst that could push the Bitcoin market past the $74,000 mark and potentially toward $85,000 or higher.
The monthly candles show mixed signals: a green candle in March, a red in April, another green in May, a red in June, and a green in July. The pattern suggests we might see a red candle in August.
This sideways movement offers an excellent opportunity for investors to consider meme coins before an anticipated surge in Bitcoin’s price.
Let’s explore some top meme coin picks that are poised for significant gains.
Brett Based (BRETT)
Brett, the biggest meme coin on the Base Blockchain, is starting to recover after a recent drop. Linked to Pepe, Brett had a significant decline last month. However, a recent 12% increase on Monday, in line with a broader market rise, boosted BRETT to the 63rd largest cryptocurrency, with a market cap over $1.28 trillion.
Despite this positive trend, BRETT is still 33.2% below its all-time high of $0.1939. Although the price has dipped slightly in the last 24 hours, technical indicators suggest this might be a temporary downturn. A possible hammer candlestick pattern at the end of the month could indicate a longer-lasting uptrend.
Brett’s chart shows a series of higher lows, suggesting bullish sentiment. This pattern, along with recent price movement, could be a good buying opportunity for investors looking ahead to the next bull market. There seems to be strong support around $0.13.
Pepe (PEPE)
PEPE, the frog-themed meme coin, has been consolidating over the past two weeks despite a broader market recovery. While the price has oscillated between gains and losses, a closer look at the technical chart reveals a potential bullish pattern forming.
An inverted head-and-shoulders pattern is emerging, a classic reversal signal often seen at market bottoms. This pattern suggests a shift in market sentiment from bearish to bullish. If the price breaks above the neckline resistance, currently at $0.0000113, it could initiate a significant upward move.
A successful breakout could propel PEPE’s price by approximately 40%, reaching a new high of $0.000018. Given its current market cap of $4.78 billion and consistent price action, PEPE could be an attractive option for investors seeking a potentially profitable coin.
Bonk (BONK)
BONK, a Solana-based meme coin, has captured the attention of investors amid the crypto market’s volatility. Recently, the token experienced a sharp decline, breaking below a crucial support level.
As BONK attempts to recover lost ground, a recent 4% price surge has sparked interest. This upward movement may be a retracement to test a critical rising wedge support level. Whether this is a temporary bounce or the beginning of a sustained recovery remains uncertain.
All eyes are now on BONK’s interaction with the rising wedge support. A successful breakout could signal renewed bullish momentum, while a rejection might lead to further price declines.
Floki (FLOKI)
Floki (FLOKI) has quickly transformed from a meme coin into a successful Web3 ecosystem. It focuses on community engagement and strategic marketing, expanding to offer TokenFi for NFT and asset tokenization, an immersive P2E metaverse, a rewarding staking dApp, and a dynamic DeFi marketplace.
This expansion has made Floki a significant player in the Web3 space, highlighted by its listing on Bitstamp, a major European crypto exchange. Although a recent market downturn has temporarily affected Floki’s price, currently at $0.000167, the coin is still poised for growth.
As Floki hovers around $0.00017 and aims to surpass the key $0.00021 resistance, investors are watching for market catalysts like ETH ETF inflows that could trigger the next upward move. This position sets Floki up for potential rapid growth as the market heads into its next bullish phase.
With a strong foundation, growing utility, and a dedicated community, Floki Inu offers an exciting investment opportunity for those interested in the expanding Web3 sector.
The Meme Games (MGMES)
With the 2024 Paris Olympics underway, many crypto traders are excited about a new meme coin called The Meme Games (MGMES). $MGMES has already raised over $300,000 in just a few days from investors looking to tap into the Olympic excitement.
Source – The Meme Games Twitter
The presale price of $MGMES is currently low at $0.0091, but it’s set to rise in 1 day as it moves to the next stage. Potential investors can visit our guide on how to buy The Meme Games tokens here.
When you buy these tokens, you can choose one of five popular meme characters—Dogecoin, Pepe, dogwifhat, Brett, or Turbo—to race in a 169-meter race. There’s a 20% chance your character will win, and if they do, you’ll get a 25% bonus on your purchase.
The Meme Games token presale is running alongside the Paris Olympics and will end on September 8, when the Paralympics conclude. The token will be listed on DEXs on September 10, and many investors expect significant gains at that time. See what the future holds for The Meme Games with our $MGMES price predictions here.
Besides the bonus tokens, the platform offers another way to earn passive income. Since $MGMES is on the Ethereum network, you can stake your tokens. The project rewards 38.5 tokens per Ethereum block, continuing for two years.
Currently, the project offers a high staking APY of over 760%, but this rate will decrease as more people stake their tokens. Over 13.2 million $MGMES tokens have already been staked in just a few days, showing strong investor confidence in the platform.
The Meme Games has been audited by two reputable companies, Coinsult and SolidProof, ensuring its safety and trustworthiness. Given the initial investor interest, those buying $MGMES at the current price could see significant gains.
As excitement around the Olympics grows, The Meme Games may gain even more traction in the coming weeks. To participate in the $MGMES token presale, visit memegamestoken.com.
Related
Top 4 GameFi Tokens to Watch in 2024 – The Meme Games, Notcoin, Floki, and Sandbox
The Newest Olympic Games Meme Coin ICO Nearly Raises $200k – Next 100x Crypto Presale Gem
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