Top meme coins are currently outshining the rest of the crypto market with their explosive price performance.
While Bitcoin continues to hover around the $29,400 price mark without any hint of a substantial upside, Shiba Inu has surged 3% over the past 24 hours and is now up over 42% in a month. Pepe coin has also posted impressive gains, appreciating over 7% in the daily time frame.
Experts believe that major meme coins have decoupled from Bitcoin, which may do wonders for them in the short term. Shiba Inu, in particular, will likely display a strong bullish continuation as the highly-anticipated Shibarium chain is set to launch next week.
Presale meme tokens are also capitalizing on the ongoing meme coin mania, with the Wall Street Memes token hitting the $23 million mark in its ICO. The recently-launched Shibie Coin is also bullish, having raised $400k in a week and with its presale set to end in just 2 days.
Shiba Inu Price Rallies By Double Digits, Experts Back Further Growth
The Shiba Inu-led meme coins rally is providing much-needed respite to investors. $SHIB has surged by 42% over the past month alone and has surpassed Polygon MATIC to become the 11th largest crypto asset.
The token is currently trading at $0.00001075, up over 3% in the past 24 hours, with experts backing it to maintain its upward trajectory in the coming days.
Popular crypto trader @army_shiba believes that Shiba Inu’s positive momentum can help the token target the $0.00001192 price mark. Another expert trader @TehLamboX is even more bullish, expecting another 50% rally from Shiba Inu that can hit the $0.000016 price range.
Crypto analyst @TimeTradingX, who called $SHIB’s current rally in advance, now reveals that the token is facing a key resistance at $0.000011.
A recent report from on-chain data firm Santiment reveals that Shiba Inu, along with other meme tokens like Pepe and Doge have decoupled from Bitcoin, which may be another bullish signal for them.
BTC is currently frustrating investors with its lack of substantial upside – even bulls like Michael van de Poppe of MN Trading are surprised by the token’s tepid price action. Santiment also reveals that BTC may soon see a major correction as isolated pumps in meme coins have often led to an adverse impact on the rest of the market.
Nevertheless, Shiba Inu remains poised to maintain its bullish momentum as TradingView gives it a Strong Buy signal in the daily time frame.
The hype around the Shibarium launch continues to intensify as well. Social intelligence platform LunarCrush reveals that Shiba Inu received over 128 million social media engagements in just 24 hours, more than any other cryptocurrency.
While the exact date of the Shibarium launch has not yet been revealed, it is rumoured to take place on the 15th of August during the Blockchain Futurist Conference in Toronto. This layer-2 network is expected to increase the scalability of the Shiba Inu blockchain, making it a top contender in the DeFi race.
Wall Street Memes Also Bullish as it Surpasses $23 Million Milestone
Shiba Inu isn’t the only meme coin that’s rising right now. The Wall Street Memes token continues to show remarkable potential in its ICO, having raised a staggering $23.3 million in just over two months, with two presale stages still remaining.
$WSM’s strong start can be attributed to its strong community backing – the Wall Street Memes group is the trendiest online trading community and boasts a million-strong internet army. Its social media pages farm over 40 million impressions monthly and even Elon Musk is a fan of its Twitter account.
After all, the project has its roots in the Wall Street Bets Reddit community that inspired the historic GameStop short-squeeze in 2021.
The Wall Street Memes token is now planning a similar revolution in the crypto market, targeting the $1 billion market capitalisation after launch – only Doge and Shiba Inu have a higher market cap at present.
The meme coin is also becoming a top choice for whale investors. One such whale recently purchased 460 ETH worth of $WSM tokens, with a total cumulative investment into the token over $1 million.
The project has made 50% of the tokens available in the presale itself and an additional 30% have been reserved for rewarding the community.
Interested buyers can acquire the $WSM token by heading to the presale and swapping ETH, USDT or BNB tokens.
Visit Wall Street Memes Presale
New Shibie Coin Raises $400k with Presale Ending in One Day – is it the Next Shiba Inu?
The newly-launched Shibie Coin is another token that is gathering momentum in its ICO, having raised $380K in less than 2 weeks.
The token has its roots in two of the most hyped global trends – the ongoing Barbie mania currently sweeping the world and the vibrant Shiba Inu community.
Shiba Inu’s upcoming Shibarium launch is generating tremendous hype, as is the latest Barbie movie which continues to shatter every record at the box office. This has provided an ideal backdrop for Shibie Coin to display an explosive rally after launch.
To ensure that the token fully capitalises on the ongoing excitement around Barbie and Shiba Inu, the project has allocated 5% of the tokens to fuel its marketing strategy.
20% of the tokens will also provide liquidity on decentralised exchanges and another 10% have been reserved for future CEX listings.
The token is currently available at the cheap price of $0.000167 in the presale. However, popular YouTuber Crypto Boy believes that it will likely display a 100x surge after launch.
Interested investors will have limited opportunity to capitalise on this bullish price action, as the presale has a hard cap of $500,000 and will end in just 2 days.
