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The cryptocurrency space is currently buzzing with excitement as Bitcoin’s halving rapidly approaches. The halving frenzy has fueled investor sentiment, with traders betting big on which crypto tokens will benefit the most from sporadic capital spreads.
Bitcoin halving, an event aimed at cutting Bitcoin miners’ rewards in half, is said to be significant in a number of ways. This event plays a vital role in curbing the scarcity factor of Bitcoin, thereby keeping its attractiveness and value intact. Similarly, halving events are often accompanied by moderate price fluctuations and can cause funds to migrate from BTC to other crypto tokens.
Apart from the major altcoins, meme tokens are also sitting in the queue waiting for massive inflows to hit them. Here are the top three crypto meme tokens that are likely to explode after the Bitcoin halving.
Top 3 Crypto Meme Coins Surge 200% After Bitcoin Halving
Cryptocurrency #1: DogWifHat
Solana-inspired meme coin DogWifHat has become a favorite token for investors to explore and interact with, leading the latest crypto bullish season. The token was recently listed by OKx, mainly due to its growing popularity and rapid rally that is driving the price to reach new milestones.
According to Coincodex, after the Bitcoin halving, strong memecoin structure and historical price data could suddenly shift investor sentiment towards $WIF. $WIF has always predicted a series of positive price increases while encountering small dips and declines in price. According to CoinCodex, WIF has soared 239% since May 12th and is expected to trade at an all-time high of $9. This could mean that investors could triple their profits if they hold WIF for a long time and keep exploring.
“According to our current Dogwifat price prediction, Dogwifat price is predicted to increase by 231.55% to reach $9.93 by May 15, 2024.According to our current technical indicators, Sentiment is Bearish while the Fear and Greed Index shows 74 (Greed). Dogwifat has recorded 14/30 (47%) green days in the past 30 days with price volatility of 21.38%. was.”
Cryptocurrency #2: Shiba Inu
Always popular with investors, the Shiba Inu has enjoyed positive price sentiment since its launch in August 2020. This token was one of the major tokens that gained a fan base, supporting its strong price spike and rise. In the wake of the Bitcoin halving event, users’ feelings towards Shiba Inu are higher than ever.
According to Coincodex, Shiba Inu could receive a large capital injection, which could send its price to new highs. The platform predicts that SHIB will soar 227% and trade at $0.00007214 by May 15th.
“According to our current Shiba Inu price forecast, the Shiba Inu price may increase by 227.07% and reach $0.00007214 by May 15, 2024. According to our technical indicators, the current sentiment is bearish However, the Fear and Greed Index is showing 74 (Greed).In the past 30 days, Shiba Inu has recorded 14/30 (47%) green days and the price volatility is 7.17%.
Cryptocurrency #3: Pepe
The frog-inspired meme coin Pepe quickly became a cult Web3 sensation in 2024. The token embraced the bullish cycle phase of the market and its price recorded a significant increase. The token is currently trading at $0.000005551 and has gained 1.68% in the past 24 hours.
According to CoinCodex, Pepe could soar above normal price benchmarks after the Bitcoin halving. The platform expects Pepe to break 220% and trade at a new price milestone of $0.00001768.
Also read: Cryptocurrency: Top 3 coins to buy for 5x profits in April
“Pepe Coin price is predicted to increase by 230.95% and reach $0.00001768 by May 15, 2024. According to our technical indicators, the current sentiment is bearish, but the Fear & Greed Index is 74 (Greedy)” Pepe Coin has had a price volatility of 9.81% in the past 30 days and recorded 14 out of 30 (47%) green days. ”
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