3 meme coins that are currently attracting the most attention

The cryptocurrency cycle is about to hit another high, this time even higher. Now is the ultimate moment to prepare yourself and your portfolio. The best meme coins seem to be getting the most attention today. To make money in such situations, one needs to be adequately aware of certain names. This allows you to sell your holdings at a higher price during market hysteria.

Three meme coins are expected to explode into double or even triple digits in the coming period Bitcoin (BTC USD) Halving. Act as S&P 500 As an index in the world of stocks, Bitcoin is breaking previous highs. Many wait-and-see market participants could likely jump back in and start pumping up other crypto assets. So let’s look at three such meme coins.

Shiba Inu (SHIB)

From the last date of the trading day Shiba Inu (SHI USD) delivered a daily lead of 75%. That’s just a fraction of all the bread you can have. Now, more and more traders and investors are expecting the Bitcoin halving effect to take these coins to untested new highs.

Additionally, Shiba has traded in a tight range over the past twelve months. The recent outbreak suggests increasing activity and interest online in forums or general searches.

According to Google Trends, searches for the word “Shiba Inu” increased in the first quarter of 2024. Should the pattern continue, the attention paid to Shiba Inu could lead to a massive rally.

Developers using the Shibarium network aim to reduce the overall supply by automatically burning SHIB coins. This event would mean that the price could increase by a decent amount. And this could further stimulate participants’ interest in a self-reinforcing cycle of new rallies.

Dogecoin (DOGE)

The next coin has a slightly larger market cap than the one mentioned previously. Shiba Inu, Dogecoin (DOGE-USD) saw a similar increase on the last trading day, although smaller in percentage points. Recently, Dogecoin rose as much as 19% after 12 months of no movement other than a narrow range.

Dogecoin is also attracting similar attention in the market. Investors and traders look for the best names to multiply their wealth relatively quickly. A quick look at it Google Trends The chart shows a burst in search activity for the word “Dogecoin.”

Since the price has broken out aggressively recently, we expect the bulls to now decide the fate of the coin.

Pepe (PEPE)

The forty-eighth cryptocurrency by market capitalization. Pepe (PEPE-USD) saw a decent rally on its last trading day. With a daily increase of almost 40%, it can attract more buyers and traders to its area.

After the same test to check market interest and popularity, Google shows trends an increase in search queries for the word “Pepe” last month. With Bitcoin expected to cross $50,000 again, many new entrants will be looking for the spillover effect on smaller coins that will give them much higher percentage returns.

Started on ether (ETH-USD) Blockchain, Pepe tokens enjoy the additional benefits of transparency and transaction efficiency for holders. Because it is directly linked to Ethereum, any Bitcoin breakout will likely have the added effect of drawing even more attention to the “family tree” on the Ethereum blockchain. And that’s where your money is made.

As of this writing, Gabriel Osorio-Mazzilli did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s publication policies.