Meme Coins Still Have More Room To Run

Crypto expert Andrew Kang has made a bullish case for meme coins, including the foremost ones like Dogecoin (DOGE) and Shiba Inu (SHIB).

Crypto expert Andrew Kang has made a bullish case for meme coins, suggesting that they could be the biggest gainer during the anticipated year-end rally.

In an X (formerly Twitter) post, Kang stated that meme coins “probably account for the majority of coins that have a chance of making new highs.” He added that market participants must be “brutal” in their selection, considering the existence of hundreds of meme coins.

Kang's optimism for meme coins comes as he believes that over 98% of altcoins have topped this cycle and that only a handful of coins may make some new highs by the end of this year.

“I think it’s fair to say that over 98% of altcoins have topped this cycle and only a handful of coins will make some new highs by EOY (end of year). But which ones?” Kang stated.

Dogecoin is likely among the coins that Kang thinks could make new highs by the end of the year or the beginning of next year. He has repeatedly asserted that the foremost meme coin could be among the crypto tokens to have their ETF approved. More recently, he stated that the “odds for a DOGE ETF” appear higher than ever with regulatory clarity on the horizon.

Meanwhile, based on analyses made by several crypto analysts, Dogecoin also has the potential to reach new highs later in this bull run. Crypto analyst Crypto Kaleo maintained that Dogecoin will outpeform Bitcoin in this market cycle. He made this assertion because he believes this is a meme supercycle and that the “king of memes won’t be left behind.”

“People keep asking me what coin will 100x from here, and I’m over here like, ‘Bro, it’s Doge.’ In a meme supercycle, the king of memes won’t be left behind. Stay mad,” the analyst stated.

Crypto analyst Kevin (formerly OG Yomi) shared a similar sentiment, stating that Dogecoin has the potential to outgain any gains made by the flagship crypto this year.

“People really be out here making bold predictions for 2022 and not including Doge in the conversation. I’m telling y’all now, anything BTC does this year, Doge will outgain it,” Kevin stated.

Moreover, crypto analyst Altcoin Sherpa has also predicted that Dogecoin will make a massive move later this year. He added that Dogecoin is one of the “safest bets” anyone can make in this cycle.

“I think it’s safe to say that anyone making a list of ‘safest bets’ in this cycle and not including Doge is making a mistake. Zoom out,” Altcoin Sherpa stated.

Others Are Not Left Out

Crypto analysts have also made bullish cases for other top meme coins, including Shiba Inu, and Floki (FLOKI). Analysts like Javon Marks have predicted that the second-largest meme coin by market cap will still shed another zero and rise to as high as $0.0001553 in this market cycle.

More recently, crypto analyst Capt Toblerone predicted that Shiba Inu could hit a new all-time high (ATH) as soon as September, as that is when he foresees the meme coin making its next parabolic move to the upside based on his Elliott Wave Theory analysis.

Meanwhile, crypto analyst Timeless Crypto made a bullish case for FLOKI, as he predicted that the meme coin could make a massive run by year-end. He made this prediction while revealing that most of his meme coin spot bags are in FLOKI.

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