thenewscrypto.com
- QUACK, TSUKA, BABYDOGE, DOGE, FLOKI are designed to be light-hearted and fun.
- Tsuka, a lesser-known cryptocurrency, has recently risen to the 270th spot.
This week, investors have their eyes on the top 5 meme coins that are expected to surge in value. These coins, which have become all the rage in the cryptocurrency market, are designed to be light-hearted and fun.
Providing an entertaining way to get involved with digital currency. Nevertheless, they still come with all the benefits of any other digital asset – such as fast transactions and low fees.
QUACK
Rich Quack is a lesser-known duck-themed cryptocurrency that has been making a name for itself in the meme coin space. Phoenix Group reported that it is currently second only to Shiba Inu in terms of social activity and engagement.
Coingecko data suggests that the token has been consistently growing over time.
This is with its biggest gains being made at the bi-weekly level at 11%. At its current price of $1.6731, traders have been buying up the token in anticipation of further gains.
If the bullish momentum continues and breaks above its current support, we may see Rich Quack reach new highs in the near future.
TSUKA
Dejitaru Tsuka, a lesser-known cryptocurrency, has recently risen to the 270th slot on CoinGecko’s list, indicating potential gains in the medium to long term.
This Japanese lore-themed token is a mysterious entity, with scant updates on its official Twitter page. Nevertheless, the coin recently achieved 10,000 holders which stands as a testament to the dedication of its community. Furthermore, also provide devotion to the crypto project.
At its current $0.11756 support level, bulls have room to make an impressive surge upwards provided that there is sufficient momentum.
However, they face resistance at $0.15815 which must be breached. This is in order for them to have more freedom of movement over the medium-long term timeframe.
BABYDOGE
The recently released Baby DogeCoin (BABYDOGE) token, which takes its theme from the popular Shiba Inu breed of dog, is a self-described deflationary token.
The token has become one of the most socially active tokens in the market today.
With a market capitalization of over $500 million, there is growing support among investors to see the token listed on Binance.
At its current price of $3.1, bulls are rallying around the support level at $3.012.
However, this could be seen as an indicator that BABYDOGE’s future price movements may be bullish in nature.
Investors should pay close attention to this key support level for BABYDOGE. Furthermore, it will play an important role in determining whether or not the token can continue to appreciate going forward.
DOGE
Dogecoin (DOGE) is often referred to as the ” ancestor ” of meme coins and has been gaining tremendous momentum in recent weeks.
At the time of writing, DOGE is up by almost 8% in the weekly timeframe and trading at $0.0882 with support at $0.08585.
Thus indicating a tight trading range that could be indicative of a larger bullish movement in the medium to long term.
This suggests that both bulls and bears are actively engaged in a competitive tug-of-war. Above all with investors eagerly anticipate who will ultimately prevail.
Floki
Floki inu is one of the most widely-known Shiba inu-themed tokens currently available. Boasting an impressive market capitalization of nearly $500 million.
Floki’s recent listing on several major exchanges such as KuCoin and OKX has created a stir among investors. However, it has pushed the token’s trading volume to a staggering $200 million on the day of its listing.
Furthermore, reports that Floki may soon be listed on Binance. However, this has further heightened investor interest and anticipation for what could be a potentially lucrative investment opportunity.
The appeal of these coins is further enhanced by their high liquidity. Meaning that they can be easily exchanged for other cryptocurrencies or fiat money.
As a result of this combination of features, traders are eagerly anticipating a rally in the prices of these meme coins this week.