Meme Coins are making a comeback with a massive jump after the market crash experienced last week, taking the limelight as the best crypto to buy right now. With the Bitcoin price hanging by a thread above the $56,000 level, trading at $57,248, the altcoins are quick to recover.
As Ethereum bounces above $3,000, the altcoin market is heading higher and aims to recover pre-crash levels. Amidst the recovering market, the top-performing meme coins are making waves and registering double-digit gains in the last 24 hours.
This year, smart money’s focus on meme-based cryptocurrencies makes it a retail investment choice. So, here are the top choices of meme coins as the best crypto to buy right now in the recovering market.
With a market cap of almost $4 Billion, this frog-themed meme coin ranks as one of the most top performing and high-ranking in the crypto world. Second only to DOGE and SHIB legendary coins, the PEPE price has outperformed big names in the crypto industry.
Under a correction phase, the PEPE price reveals a falling channel, accounting for a drop of 42% in 42 days. However, the meme coin registers a YTD growth of 652%, surpassing most of the top altcoins and Bitcoin.
Currently, the recovery rally for PEPE has begun from the support trendline and the 78.60% retracement level. This marks a bull cycle within the pullback channel and teases a breakout rally.
A breakout rally could pump the PEPE beyond the $0.000010 mark or the 50% retracement level. The next potential targets are the $0.00001391 or $0.00001669 mark, accounting for almost 50% to 75% rally.
As a new dog-themed meme coin based on the Solana ecosystem, the BONK price is witnessing massive movements in 2024. With the daily chart filled with incredibly huge pump and dump moves, the meme coin prepares for a new rally.
Sustaining above the crucial support level of $0.000020 or the 23.60% retracement level, the BONK price jumps 23% as the market bottoms out. With two bullish candles and an intraday jump of 8%, the 23% price jump teases a 38.20% level breakout.
With the resurfacing high demand and hype for meme coins, the BONK price is likely to surpass the $0.00002679 mark. The breakout rally could pump the Solana-based dog-themed cryptocurrency to hit the $0.000045 mark and reach a market of more than $2 billion. Thus, it definitely positions itself as one of the best crypto to buy right now.
Cashing in on the popularity of PEPE, BRETT is based on its best friend character. The meme coin is based on the BASE ecosystem and is up by almost 300% within months. Trading at $0.11747, the BRETT market cap survives the crash and sustains above the $1 Billion mark.
In the daily chart, the BRETT token makes a morning star pattern at the crucial demand level of 50% retracement level. Improving the bullish dominance at the $0.10 psychological mark, the meme coin is ready for a bull run, following the 9% intraday jump.
With a trend reversal pattern at a crucial area of interest, the bullish reversal chances are significant. As per the Fibonacci levels, the BRETT meme coin price could reach the $0.18 peak for a 55% hike. Optimistically, the uptrend might hit the $0.20 psychological mark.
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