Cryptocurrency : Top 3 memecoins to watch after Halving
Bitcoin's value will soon be halved, so buyers are looking for chances to make money in the crypto market. Memecoins are one of the things that you should pay close attention to. Pay attention to three of them who might do well.
The most important things about Dogecoin (DOGE) and Shiba Inu (SHIB)
You can't talk about memecoins without bringing up Dogecoin and Shiba Inu, two big names that have already shown they can do well during previous bull runs.
When Dogecoin first came out in 2013 as a joke, its value went through the roof. Its price went from $0.004 the day after the last Halving to $0.65 during the 2021 bull cycle, a huge gain of 30,000%. Shiba Inu, which was formed in 2020, has also had a meteoric rise and is now one of the top 20 cryptocurrencies by market capitalization.
Also, the memecoin market has been unstable lately. In March, the market value of all memecoins touched more than $54 billion. Tokens like WIF, Dogecoin, and Shiba Inu hit all-time highs.
Even though these two memecoins have been fixed since then, they are still safe investments in the field and have strong communities behind them. Because they are well-known, they might be able to ride the next bull run again.
But Dogwifhat (WIF) is without a doubt the memecoin that everyone is talking about right now. This token, which came out in November 2023 on the Solana blockchain, was based on a meme of a dog wearing a hat.
In just a few months, WIF went from being worthless to being worth more than $3 billion, making it the third most valuable memecoin. This amazing success is due to powerful marketing efforts and the help of well-known people in the crypto sector.
The project also made a big splash with the "Sphere wif hat" campaign in March 2024, which aimed to show a picture of the Dogwifhat on the Sphere's big screen in Las Vegas for a week. The community came together and raised $650,000 in less than three days to pay for this operation. This shows a lot of excitement and teamwork.
As far as memecoins go, Dogecoin and Shiba Inu are still safe bets. However, Dogwifhat stands out as the new trend to keep an eye on. WIF could be a big surprise during the next bull run thanks to its very active group and risky marketing moves. But be careful—investing in memecoins is still a very risky thing to do that should only be done after careful thought.