Trump’s victory has reignited interest in risk-on assets, including cryptocurrencies, as political shifts often catalyze changes in financial market dynamics. Known for his pro-crypto stance, Trump’s return has bolstered retail investor sentiment, driving renewed activity in speculative markets.
During periods of heightened optimism, retail investors frequently gravitate toward assets like memecoins, which thrive on community engagement and viral momentum. As the landscape evolves, these trends could signal a resurgence for the following memecoins.
5 Crypto Memecoins That Could Surge
We have created a list of five meme coins that could see major spikes during this season. Here are they:
DOGE (Dogecoin)
Dogecoin’s association with Elon Musk and President Trump, along with discussions about the Department of Government Efficiency (DOGE), has created positive momentum for the DOGE price.
The narrative surrounding government efficiency positions Dogecoin as a fast and low-cost alternative for transactions compared to traditional fiat systems and even other cryptocurrencies like Bitcoin.
Endorsements have historically influenced the price of Dogecoin. Musk’s tweets often lead to immediate spikes in value, an effect that may persist if he integrates Dogecoin into the companies he owns, such as X and Tesla.
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SHIB (Shiba Inu)
The launch of Shibarium, a Layer-2 blockchain aimed at reducing transaction costs and improving scalability, adds utility to SHIB beyond its meme origins. This is expected to support a price spike in the current bull run.
The current price is around $0.000024, with a trading volume of $1.22 billion over the last 24 hours. Shiba Inu still has the numbers and strength to replicate the wild spikes it had in the last bull run.
PEPE (Pepe Coin)
In the last month, the memecoin has surged by around 95% while the altcoin’s price has increased by over 1,600% since November 2023. With a market cap of $8.53 billion, PEPE is ranked as the third-largest memecoin by valuation while claiming the 18th position overall.
Pepe Coin’s potential is largely tied to the ongoing NFT buzz. The coin’s cultural connection to memes and internet humor positions it well within the NFT space.
READ ALSO: Why Is ONDO Price Pumping?
FLOKI (Floki Inu)
FLOKI has shown signs of being overbought, with possible consolidation or a minor correction. Bullish indicators, like a MACD crossover and rising trading volume, point to strong investor interest. Floki focuses on the metaverse through projects like Valhalla, which aims to provide tangible use cases beyond being a meme coin.
The community’s active engagement and marketing efforts have also contributed to FLOKI’s visibility and short-term value spikes. Nevertheless, the success of Floki Inu relies heavily on delivering on its metaverse promises amidst a competitive landscape.
BONE (Bone ShibaSwap)
BONE serves as the governance token for ShibaSwap, granting holders a voice in the ecosystem’s future. This role provides BONE with more intrinsic utility than typical meme coins.
With the Shibarium launch, its demand is expected to rise, especially as the Shiba ecosystem grows. However, the success of BONE is closely tied to the adoption of Shibarium and ShibaSwap. If these platforms do not gain traction, BONE’s value may stagnate.
