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    Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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Meme Coin Mania Begins: Must Buy Memes This Uptober Rally! 

With the meme coin market cap nearing the $50 billion mark, the meme coins mania is back in the crypto market. Further, the Bitcoin price ending the stagnation under the $64K level marks a market-wide recovery. 

As Bitcoin surpasses the $65K mark, the top meme coins, Shiba Inu, FLOKI, and PEPE, give double-digit returns.  

As the meme coin rally spearheads the broader crypto market recovery,  here are the must-buy memes for an explosive run ahead! So, let’s look closer to analyze the next meme coin rally.

Must Buy Meme Coins:

PEPE

With a falling wedge pattern breakout in the daily chart, the PEPE coin is gaining momentum amid the broader market recovery. The meme coin has increased by almost 50% in the past ten days. 

Currently, it has reclaimed the $0.000010 psychological mark with an intraday gain of 12.48%. This marks the second consecutive bullish candle following the 12.58% jump last night. 

Furthermore, the bullish recovery limits the possibility of a death cross event in the March 50 and 200-day EMA. With a boost in bullish influence, the crucial EMAs are likely to regain the positive alignment. 

Based on the previous bull run of more than 700% in early 2024, the falling wedge breakout rally shows the potential to create a new all-time high. Hence, the price projection of a 733% jump will likely reach the $0.00006370 mark in the coming bull run. 

The PEPE token has a market cap of almost $4 billion and is the third biggest meme cryptocurrency. Hence, the likelihood of a six-time price jump seems unlikely, but the broader market recovery could help PEPE reach this bullish milestone. 

Shiba Inu

Following Pepe, the Shiba Inu cryptocurrency meme coin has a market cap of $11.56 billion. Currently, it is trading at $0.00001963 and has increased by almost 17% in the past 24 hours. 

Marking a falling channel breakout rally in the daily chart, the Shiba Inu coin price has increased by almost 50% in the past ten days. This increases the likelihood of a golden crossover as the 50-day EMA marks an uptick. 

Based on the previous bull run in late February and early March 2024, the meme coin shows a potential of almost 300% jump. The recovery run could reach the $0.00005330 mark based on the price projection. 

Hence, the recovery run has currently surpassed the 200-day EMA and the 50% Fibonacci level at $0.00001908. On the words of crossing above the $0.000020 psychological mark, the meme coin will likely reach the 100% Fibonacci level at $0.00006697. 

Hence, the underlying potential for Shiba Inu is likely greater than the price projection of the early 2024 bull run. 

FLOKI

Finally, the Floki meme coin has a market cap of $1.43 billion, currently trading at $0.001494. It has increased by 14.44% today, following the 9.28% jump last night. 

This marks the breakout of a post-retest reversal of a falling channel breakout rally and a boost in bullish trend momentum. Based on the 9X gain in the early 2024 bull run, the price projection for the Floki meme coin targets the $0.0012 mark. 

Hence, the underlying potential for Floki teases a new all-time high and a bull run beyond the $0.0010 psychological mark. Furthermore, the ongoing recovery rally teases a bullish crossover between the 50 and 200-day EMA for a golden crossover. 

Curious if the FLOKI meme coin will create a new all-time high? Find out now in Coinpedia’s in-depth FLOKI price prediction for 2024 to 2030.

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