{"id":313550,"date":"2021-12-08T05:45:56","date_gmt":"2021-12-08T10:45:56","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=313550"},"modified":"2021-12-08T05:45:56","modified_gmt":"2021-12-08T10:45:56","slug":"5-next-meme-coins-to-explode-december-2021-week-2","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/5-next-meme-coins-to-explode-december-2021-week-2","title":{"rendered":"5 Next Meme Coins to Explode December 2021 Week 2"},"content":{"rendered":"

The cryptocurrency market has flagged a little in the past 24 hours. At $2.49 trillion, its total cap is down by around 1%, after rallying the day before. Most major cryptocurrencies are down with it, including bitcoin (BTC), ethereum (ETH) and solana (SOL). However, for any traders hoping for a big bounce in the not-too distant future, one possible route may be meme coins. While such cryptocurrencies are generally highly volatile, this volatility often provides the opportunity for big gains. As such, we’ve put together a list of the 5 next meme coins to explode. This covers meme cryptocurrencies that present the potential for market-beating rallies.<\/p>\n

5 Next Meme Coins to Explode<\/h2>\n

1. Shiba Inu (SHIB)<\/h3>\n

SHIB is down by 3% in the past 24 hours, dipping to $0.00003719. This represents a 21% decline in the past week, and a 35% fall in the last 30 days.<\/p>\n

\"Shiba<\/a><\/p>\n

SHIB is also 56% down compared to the all-time high of $0.00008616 it set on October 28. However, this decline arguably puts the meme coin in a prime position for rebounding strongly once the market picks up. Its relative strength index (in purple above) is hovering just above 50, suggesting that it’s close to rising again. Likewise, its 30-day moving average (in red) has recently risen above its 200-day average in blue. This may suggest the possibility of a new breakout.<\/p>\n

SHIB boasts the advantage of being, along with dogecoin (DOGE), the biggest meme coin in the market. What this means is that it has a community of holders and supporters, who may be ready to pump the coin at a moment’s notice.<\/p>\n

For example, its Reddit page<\/a> now counts around 447,000 subscribers, up from 200,000 in early August<\/a>.<\/p>\n

On top of this, it continues to benefit from positive endorsements and items of news. Most notably, retailer Newegg announced at the end of November that it would be accepting payment in SHIB from early December onwards.<\/p>\n

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Hey #ShibArmy<\/a>, how we looking on America's largest digital out-of-home billboard? @ShytoshiKusama<\/a> #Shib<\/a><\/p>\n

We'll be officially accepting @Shibtoken<\/a> in by early December via @BitPay<\/a> https:\/\/t.co\/MR2ydiQpq6<\/a> pic.twitter.com\/MyuxHSIjVw<\/a><\/p>\n

— Newegg (@Newegg) November 30, 2021<\/a><\/p><\/blockquote>\n