Bittime – The upward trend incrypto(bull run) has just begun, andcrypto assetsare already breaking records. Bitcoin(BTC) hit an all-time high today, and several other assets are heading in the same direction with prices rising exponentially. Some of the assets with the most significant price spikes arememe coins, which combine meme-based hype with fertile marketing conditions.
In fact, making big profits can be as easy as investing in the right meme coin. Meme coin fans who have reaped rewards this way surely know how SHIB was able to turn their investment into incredibly high profits. In 2021, SHIB investors managed to turn a modest investment into millions.
Although SHIB's previous performance is commendable, its current performance is also commendable. In recent days, this asset reached a daily trading volume above $10 billion. Growth is also positive, with price appreciation exceeding predictions. However, its large market capitalization and long-standing status as the leader of the meme coin segment may have reduced some of its potential.
Investors may be able to gain more from investing in newer meme coins, which can offer greater returns as they rise to the top.
3 Alternative Meme Coin Options
1. BEFE
BEFE is a relatively new asset, growing to become a top meme coin in a short time as it continues to outperform top crypto assets with its performance. BEFE is still a relatively new player in the meme coin ecosystem, but the asset is making big strides thanks to its focus on strong utility and meme-based virality.
These tokens, like SHIB, generated massive virality and hype by introducing a new face to the meme coin, a character that moved away from the overused dog and frog personas. These adorable characters bring freshness to attract meme coin fans in large numbers, which makes these meme tokens go viral on social media platforms.
Thus, those attracted by the hype of this token ultimately stick around because of the utility embedded in its ecosystem, a staking application that offers sustainable passive income to its users.
Thanks to these factors, BEFE experienced mass adoption and increased its value drastically along with the bullish forces that overshadowed the crypto market. Experts predict this token will change the investment by at least 20x in the near future, with unlimited profit potential.
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2. Dogwifhat (WIF)
Another new asset, launched around the same time as its predecessor on this list, WIF , has exceeded all expectations with growth of over 1000x in less than two months since its launch. The asset is trading above $2.10, which is impressive for a meme coin. Additionally, WIF's daily trading volume has crossed the $1 billion mark, indicating traders' immense interest in this meme coin.
WIF has achieved all this, even though the bull cycle has only just begun. Thus, WIF still has a lot of potential and can generate profits many times what it currently earns in the coming months. Investors who got into WIF early on have seen their investments generate incredible returns, similar to SHIB's initial performance. With 2024 predicted to be a great year for crypto, it's never too late to buy, hold, and trade WIF.
3. Pepe (PEPE)
PEPE is a token that has experienced what WIF is experiencing now. And that happened during the toughest bear market last year. This meme coin was launched when the value of almost all assets fell, but PEPE survived and managed to emerge victorious. Currently, PEPE is being talked about again because it surpassed its highest point last year and reached a new level, which will continue.
This shows that this token has a lot more to offer even though it is already one of the top 3 meme coins. The current rally shows that PEPE can even outperform DOGE and SHIB to take first place. To put that in perspective, PEPE has grown more than 13,500% in price since its launch less than a year ago.
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Conclusion
SHIB is experiencing stiff competition in its current bull run as other meme coins seek to offer higher returns. Despite its good performance, many investors are turning to these other assets due to increasingly attractive incentives and its potential to oust SHIB from its position as the second-largest meme coin by market capitalization. Those interested in diving into meme coin ownership and trading should know their options for efficiently profiting outside of well-known assets like SHIB.
Investing in meme coins is tempting, but investors must remain alert to the high volatility inherent in these assets. Always do your own research before making an investment decision.
Here are some things to consider before investing in meme coins:
- Utility : Do meme coins have any real utility beyond their value as digital collectibles? BEFE offers staking, but what do WIF and PEPE offer?
- Community : What is the power of the community behind meme coins? An active and engaged community can contribute to the coin's long-term growth.
- Team Track Record : Who is the development team behind the meme coin? Do they have experience and a good reputation?
- Market Conditions : The overall volatility of the crypto market can affect the price of meme coins.
By considering these factors, investors can make more informed decisions when choosing which meme coins to invest in.
How to Buy Dogwifhat (WIF) on Bittime
You can buy and sell Dogwifhat (WIF) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Dogwifhat (WIF) is available on Bittime with the market pair WIF/IDR . To be able to buy WIF IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Dogwifhat (WIF) on Bittime .
Monitor price chart movements of Dogwifhat (WIF) , Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
This is the Price Prediction for Pepe Coin (PEPE) After Soaring 145% in a Week
SHIB Names, New Shiba Inu Product with 69% Discount!
MYRO Price Analysis, Will MYRO Become the Next Billionaire Meme Coin?
DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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