Join Our Telegram channel to stay up to date on breaking news coverage
After the highly awaited Bitcoin halving event concluded, this event is pivotal in determining crypto holdings for the upcoming bull run.
Bitcoin has completed its fourth halving event, reducing the block reward for miners from 6.25 BTC per mined block to 3.125 BTC. As the rate of new Bitcoin issuance is halved, the inherent scarcity mechanism of the cryptocurrency begins to exert its influence over time.
This change in supply and demand dynamics has the potential to influence the long-term direction of Bitcoin and the wider crypto market. In this article, we’ll explore the five best meme coins to consider purchasing following the Bitcoin halving.
Bonk (BONK)
The activity of $BONK holders has picked up again, potentially driving the meme coin’s price even higher. On April 19, Bonk DAO revealed a proposal to burn about 280 billion $BONK tokens from its treasury, which equals the total amount of Bonk sent to the DAO from BonkBot since its inception.
$BONK has experienced a significant surge of 71.73% in one week, trading at $0.0000238. There are indications of impulsive movements in Bonk’s price, with strong upward momentum suggested by its RSI at 60.91, indicating a neutral position.
Looking ahead, Bonk could encounter resistance levels at $0.0000299 and even stronger resistance at $0.0000315, while its support level is at $0.0000186.
In terms of moving averages, it is currently above the 10-day simple moving average (SMA) of $0.0000195. This has led to optimistic predictions, with experts expecting $BONK to reach around $0.000021 by the end of April.
Pepe Coin (PEPE)
Recently, Pepe Coin has garnered increased attention, particularly following the completion of the fourth halving on the Bitcoin BTC network. This event propelled $PEPE’s price by 53.32% within just seven days, reaching a trading level of $0.0000073, instilling a newfound sense of confidence in the broader market.
Over the span of six months, $PEPE has surged by an impressive 1401%, indicating robust momentum. Recent movements in Pepe Coin suggest an impulsive pattern, as evidenced by the significant short-term increase. The Relative Strength Index (RSI) value stands at 56.70, signifying a neutral market position for $PEPE.
According to classical pivot levels, Pepe Coin has support levels at $0.000006863 and $0.00005829, with resistance levels at $0.000007897 and $0.00000931.
Technical indicators suggest that Pepe Coin’s 200-day SMA will ascend in the coming month, reaching $0.000004840 by May 25th. Additionally, the short-term 50-Day SMA for Pepe Coin is projected to reach $0.00001118 by the same date.
Dogwifhat (WIF)
Dogwifhat, a novel Solana-based meme coin, has captured significant attention since its launch in November 2023. Since then, $WIF has witnessed an extraordinary surge of over 10,000x, with its price trajectory still pointing upwards.
Currently, Dogwifhat is experiencing a notable uptrend, trading between $2.28 and $3.54 at the time of writing. Over the past week, it has recorded a 26% increase, while its monthly growth stands at 6.74%. With its 14-day RSI hovering at 51.30, Dogwifhat’s market sentiment is currently neutral.
Looking ahead, potential resistance levels for $WIF may be encountered near $3.44 and possibly $4 if the upward momentum persists. On the downside, support levels could be identified around $2.89, with additional support at $1.50 in the event of a more substantial pullback.
Dogwifhat’s price prediction suggests a potential reach of $4.50 by the end of 2025, with the possibility of surging to $6.78 if the crypto bull market experiences significant strength.
To discover the full list of the top five meme coins to purchase after the Bitcoin halving, watch the video above. Additionally, we suggest considering the two meme coins below currently in the presale phase, as they offer investors significant profit potential.
Slothana (SLOTH)
Slothana, a fresh meme coin poised for potential gains following Bitcoin’s halving, swiftly raised over $15 million shortly after its launch. Drawing inspiration from profitable Solana-based meme coins like $SLERF, Slothana aims to emulate their market success and deliver growth opportunities for investors.
Unlike conventional presale approaches, $SLOTH is conducting a unique campaign where tokens are not distributed in multiple rounds. Instead, investors can simply send $SOL tokens to Slothana’s designated wallet address (EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA) to receive $SLOTH airdrops.
At the prevailing rate, one $SOL purchases 10,000 $SLOTH, translating to an approximate token value of $0.0147. The project’s strategy entails completing a successful presale and promptly listing on centralized exchanges (CEXs).
For further updates on the project, stay tuned to Slothana’s updates on X (formerly Twitter). To take part in the $SLOTH token presale visit slothana.com.
Dogeverse (DOGEVERSE)
Dogeverse emerges as the newest contender in the dog-themed coin arena, poised to make waves in the meme sector. This multi-chain meme coin recently kicked off its ICO, securing over $250,000 within mere minutes, a testament to the substantial investor interest.
What sets Dogeverse apart is its multi-chain compatibility, currently accessible on Ethereum, Polygon, and Binance Smart Chain, with forthcoming support on Solana, Avalanche, and Base. By leveraging some of the top blockchains, Dogeverse optimizes for cost and speed.
With a total token supply of 200 billion, 30 billion are earmarked for the ongoing presale. Presently priced at $0.000301, Dogeverse has already amassed $10.6 million, with a hard cap target exceeding $17 million.
Let’s go! 🚀#DOGEVERSE raises over $10 Million! 💰
Another incredible milestone ticked off! ✅
Join #Cosmo on his multi-chain adventures! 🌌🐕 pic.twitter.com/wNIPuHhplr
— DogeVerse (@The_DogeVerse) April 24, 2024
Early investors enjoy an impressive staking annual yield (APY) exceeding 100%, vested over two years, with over 15.5 billion $DOGEVERSE tokens already staked. To maximize returns, consider seizing the opportunity early to leverage the high staking APY.
For further details on the Dogeverse presale, follow their X account and join the Telegram channel. To take part in the $DOGEVERSE token presale visit thedogeverse.com.
Related
- 5 Best Meme Coins to Buy After the Bitcoin Halving – Crypto Gems with High Upside Potential
- Top Meme Coins To Invest In Today – Friday, April 19 – MoonLana, Shiba Predator, Slothana, LiteDoge
- Multi-Chain Meme Coin Presale Surpasses $10 Million Milestone – Next Best Crypto Presale to Buy Now
- Top 5 Meme Coins to Diversify Your Portfolio for Potential Gains – $DOGEVERSE, $DOGE20, $SHIB, $PEPE, and $FLOKI
Join Our Telegram channel to stay up to date on breaking news coverage
