As we continue into this season’s bull market, many crypto enthusiasts are beginning to consider altcoins to be the most fruitful investment. Since the “Shanghai” update of Ethereum (ETH), ETH has gone from strength to strength and many investors are beginning to move away from Bitcoin and again looking towards meme coins as an incredibly exciting opportunity for maximum rewards. Meme coins are a tempting alternative to other altcoins on the market as their current low prices make them so accessible, and the potential for unparalleled growth means that they are a popular option at the moment. There are countless options for investments, but Dogecoin (DOGE), Shiba Inu (SHIB), and Dogetti (DETI) are three top dogs that are likely to fetch you some of the biggest returns.
One Man and His Dogecoin
Dogecoin (DOGE) is the original meme coin, and its fluctuations in value are often tied to the popularity and promotion of its unofficial ambassador, Tesla CEO Elon Musk. His continued advocation of DOGE on Twitter and even an SNL skit has seen the currency rise and crash, and over the past month, DOGE’s value has spiked 24% following a brief change of the iconic Twitter blue bird logo to an image of the perplexed Shiba Inu meme that inspired Dogecoin (DOGE). However, the intrinsic connection between DOGE and Elon Musk could ultimately lead to its downfall, as controversies that naturally surround any individual on the world stage could see Musk fall out of favour in popular culture, and DOGE may loyally follow Musk on his downfall.
A Dog With No Master: Shiba Inu
Shiba Inu (SHIB) has broken out of a 53-day downward streak, and its value is beginning to grow in line with many other meme coins. Additionally, the daily Relative Strength Index (RSI) has moved above 50, which indicates that SHIB is moving toward a bullish trend and could be a key player in the rise of meme coins. In the past, SHIB has had unbelievable growth, becoming one of the most powerful cryptocurrencies on the market in October 2021, which quelled any fears that meme coins could be anything other than a serious potential investment. SHIB has marketed itself as a lone wolf in the market, and a self-proclaimed Doge-killer. By connecting itself to Dogecoin (DOGE), however, SHIB could be preoccupying itself with trying to outrank DOGE rather than focusing on its own potential, and other meme coins could see a way to surpass SHIB and take advantage of that.
Dogetti: Leader of the Pack
Dogetti (DETI) is a young pup in the crypto market that many analysts suspect could rise to the Alpha position following a successful presale stage, which ends on the 20th of June. Having already sold over 8.5 billion tokens, DETI is a community-based currency aiming to propel the ‘Dogetti Family’ to great heights and dominate the crypto market. By offering that 2% of each transaction is redistributed to token holders, DETI ensures that it looks out for its family and rewards loyalty to the coin. This loyalty to a wider community, rather than a single master, is what could make DETI a promising candidate for usurping Dogecoin (DOGE) from its meme throne while also bringing Shiba Inu (SHIB) into submission.
Turning to meme coins in this growing alt season is an exciting opportunity for investors to gain mind-boggling profits from a very small initial investment. The growth of Dogecoin (DOGE) and Shiba Inu (SHIB) in recent weeks along with the promising success of Dogetti’s (DETI) presale shows that meme coins will be a popular option for many traders during this bull market, as more and more people begin to follow the call of crypto and take advantage of the boundless possibilities of meme coins in reaching the moon.