Crypto expert Andrew Kang has made a bullish case for meme coins, including the foremost ones like Dogecoin (DOGE) and Shiba Inu (SHIB). He suggested that this category of crypto tokens could be the biggest gainer during the anticipated year-end rally.
Meme Coins Still Have More Room To Run
Kang mentioned in an X (formerly Twitter) post that meme coins probably account for most of the coins that have a chance of making new highs. He added that market participants must be quite selective, seeing as hundreds of meme coins exist. Kang provided this bullish outlook for meme coins while stating that he believes over 98% of altcoins have topped this cycle and that only a handful of coins may make some new highs by the end of this year.
Dogecoin is likely one of the coins that Kang believes could make new highs by the end of the year or the beginning of next year. He has continued claiming that the foremost meme coin could be one of the crypto tokens with their ETF. More recently, he mentioned that the “odds for a DOGE ETF” look brighter than ever with regulatory clarity on the horizon.
Meanwhile, based on analyses made by different crypto analysts, Dogecoin also has the potential to reach new highs later in this bull run. Crypto analyst Crypto Kaleo asserted that Dogecoin will outperform Bitcoin in this market cycle. He made this assertion because he believes this is a meme supercycle and that the “king of memes won’t be left behind.”
Crypto analyst Kevin (formerly OG Yomi) also shared a similar sentiment, mentioning that Dogecoin has the potential to surpass any gains made by the flagship crypto this year. Meanwhile, crypto analyst Altcoin Sherpa has also predicted that Dogecoin will make a massive move later this year. He added that Dogecoin is one of the “safest bets” anyone can make in this cycle.
Others Are Not Left Out
Crypto analysts have also made bullish cases for other foremost meme coins, including Shiba Inu, and Floki (FLOKI). Analysts like Javon Marks have predicted that the second-largest meme coin by market cap will still shed another zero and rise to as high as $0.0001553 in this market cycle.
More recently, crypto analyst Capt Toblerone predicted that Shiba Inu could hit a new all-time high (ATH) as soon as September, as that is when he foresees the meme coin making its next parabolic move to the upside based on his Elliott Wave Theory analysis.
Meanwhile, crypto analyst Timeless Crypto made a bullish case for FLOKI, as he predicted that the meme coin could make a massive run by year-end. He made this prediction while revealing that most of his meme coin spot bags are in FLOKI.
Featured image created with Dall.E, chart from Tradingview.com
Be the first to comment