Top Meme Coins to Invest in This July as Dog and Cat Coins Skyrocket
There’s only one question crypto degens are asking themselves right now: is meme coin summer finally here?
It’s hard to tell but crypto is certainly rallying right now.
Bitcoin ($BTC) added 12% in the last week after a failed assassination attempt on former US President and 2024 Biden Challenger Donald Trump.
The sudden market fever is attributed to Trump’s recent pivot towards being the crypto-friendly nominee.
However, meme coins are doing even better right now.
That’s not unusual.
Meme coins often exaggerate the gains and losses of the market leader. But with the recent proliferation of exciting new projects, many are wondering if this funny run will last.
So, here are three of the biggest contenders for top meme coin to invest in this summer.
The coin that started it all ain’t an old dog yet. Dogecoin ($DOGE) has the unique title of being both crypto’s first meme coin, and its first Shiba Inu-themed coin. The doge theme now powers five of the ten biggest cryptocurrencies by market cap: Shiba Inu ($SHIB), DogWifHat ($WIF), Floki ($FLOKI) and Bonk ($BONK), but it all started with Dogecoin’s launch in December 2013.
$DOGE outperformed $BTC this week, adding 13.5% over the seven days to hit $0.1247 as of this writing. A closer look at its price chart suggests its on the cusp of finally breaking through the $0.13 resistance level, which has been hindering it since mid-June.
Recently the token bottomed at $0.096, but the green trend line shows that support is potentially rising again. A Relative Strength Index (RSI) of 48 gives it plenty of headroom to climb the next leg higher. A positive news cycle across the market will further strengthen its position, which could take it to $0.20 in the short-to-mid term.
However, Dogecoin fans
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