With Bitcoin on the cusp of a new all-time high, the meme coin sector is gearing up for the highly-anticipated supercycle.
CryptoSlate now offers its readers a list of the 5 best meme coins to buy for the November bull run, as Bitcoin price hits $73,500 and traders prepare for a golden bull run.
Meme coins are no longer seen merely as high-risk assets. Instead, smart money investors are now viewing them as beta bets on their respective blockchains and the broader market outlook. Prominent crypto experts believe that a meme-heavy portfolio, including large-cap and micro-cap tokens, could deliver outsized returns in the coming crypto bull run.
Prominent crypto trader Bluntz used Elliot Wave Theory to project that Dogecoin could see an impulsive wave to $0.40 in the coming weeks.
The impact of a Donald Trump victory next Tuesday also can’t be understated. Elon Musk has emerged as one of the key supporters of the former President and is expected to play a key role in his administration.
Consequently, a Trump win on November 5th could be what sparks the aforementioned parabolic Dogecoin rally.
It is rare for a meme coin to have a $1.65 billion market capitalization and yet experts believe that it is still in its accumulation phase.
Popcat appears poised to flip Dogwifhat to become the largest meme coin on Solana, considering it has been underperforming WIF for the past few months.
However, according to experts, the bullish momentum isn’t slowing down anytime soon.
Prominent meme coin enthusiast Murad Mehmudov is even more bullish on the Solana meme coin. He highlights that the token is breaking out above the Rising Diagonal Resistance, which could result in an upside move to $5.
Pepe has remained largely range-bound since hitting its all-time high earlier this year in May.
After all, experts view PEPE as a beta bet on Ethereum, which has outperformed both Bitcoin and Solana during this bull cycle. However, this also means that the token price is highly undervalued, which makes it one of the best meme coins to buy for the November bull run.
Indeed, the Pepe price is currently trading at $0.0000098, nearly 40% below its all-time high.
All eyes are on a sustained close above the 200 Simple Moving Average in the 4-hour timeframe, which would trigger a push towards new all-time highs.
Prominent experts remain extremely bullish on the PEPE’s long-term prospects, with some even expecting a 5x upside move in the coming bull run.
Pepe Unchained (PEPU) is the first micro-cap token in our list of best meme coins to buy.
PEPU has been one of the hottest presale tokens in 2024, having already raised over $23.5 million in its Initial Coin Offering.
PEPU has appealed to both whales and retail investors alike. One crypto whale purchased $200k worth of the meme coin in a single transaction.
Meanwhile, retail investors are impressed with its Layer-2 ecosystem, which is soon set to offer extremely low trading costs and instant transactions. Moreover, its native staking protocol allows early presale buyers to stake their coins and earn attractive passive income, currently at an APY of 99%.
Unsurprisingly, prominent crypto influencers are bullish on PEPU’s prospects, with many eyeing somewhere between 50x to 100x returns from it.
Moo Deng rounds up our best meme tokens list. It is also the second low-cap meme coin which could deliver outsized returns in the coming weeks.
Inspired by the baby hippo living in a Thai zoo, Moo Deng represents a cultural phenomenon. It is the second meme coin after Dogecoin to feature on the popular late-night show, Saturday Night Live.
More importantly, it now has the support of the world’s leading crypto exchange. Binance Futures listed MOODENG perpetual contracts last week, sending the meme coin price soaring.
And yet, experts believe that it is highly undervalued at its $233 million market cap, especially considering a Binance spot listing could be next.
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