A fresh wave of risk-on sentiment is rippling through the Web3 space, with Bitcoin (BTC) trading just 3% below its all-time high. The US Spot BTC ETFs experienced a positive flow of $66 million on August 12, marking the fifth consecutive day of net inflows.
However, clear signs of an upcoming altseason are already emerging, as Ethereum ETFs saw a historic net inflow of more than $1.5 billion in the past two days alone.
Macro tailwinds are also boosting investor confidence in a full-blown altcoin season. The likelihood of a September rate cut by the US Federal Reserve, a move that would further increase risk appetite, has increased to 98% following the release of mild-July core inflation (CPI) data.
History shows that one of the biggest beneficiaries of rising risk-on sentiment is the meme coin sector. The total market valuation of all meme coins has now bounced back above $80 billion, with blue-chip names like Dogecoin, Shiba Inu, and Pepe registering double-digit weekly gains.
As bullish momentum sweeps through meme coins, savvy investors are beginning to rotate into high-potential projects backed by loyal supporters. Here is our selection of the best meme coins to buy before the market explodes.
Dogecoin
First on our list of top meme coins is Dogecoin (DOGE). From a technical standpoint, it’s flashing bullish signals, as it currently trades above the 20-day, 50-day, and 200-day exponential moving averages (EMAs).
More importantly, the meme coin experienced a classic golden cross between the 50- and 200-day EMAs on its daily chart for the first time since October last year.
October’s golden cross unlocked a massive upside of roughly 250% for the meme coin. Looking ahead, a decisive daily close above $0.24–$0.27 resistance band could unleash a rally toward the altcoin’s previous all-time high levels.
At the same time, big players in the market have been quietly stacking up DOGE, buying over 1 billion coins (worth roughly $200 million) in just the past few days.
As Dogecoin still trades around 67% below its all-time high of $0.73, market commentators are highly bullish on the world’s largest meme coin.
Maxi Doge
A meme coin that could potentially outperform Dogecoin and other major meme coins is Maxi Doge (MAXI). The newest entrant in the breed of dog-inspired coins has caught the attention of many risk-on investors, including some of the earliest Dogecoin supporters, with its “gym bro” take on the Shiba Inu meme.
Where Dogecoin plays it safe as the OG, Maxi Doge throws caution to the wind, adopting the mantra of high leverage trading to turn small, risky bets into life-changing wins. Believing in this approach, meme coin enthusiasts have already invested over $800,000 in less than two weeks of MAXI’s official presale launch.
Given the historic potential for dog-themed tokens to go viral, many crypto analysts now believe the MAXI token could offer 1,000x gains after its exchange listing. For perspective, Dogecoin is still up 291,822% from its record low levels despite trading well below its all-time high.
While Maxi Doge doesn’t bother with use cases or utility, opting instead to grow through virality and an engaged community, its developers have hinted at possible partnerships with futures platforms. Securing such a listing could allow MAXI to be traded with leverage up to 1,000x, giving traders the potential for outsized gains.
Interested buyers can buy MAXI for just $0.000252 before the price increases in around two days. They can then immediately stake the tokens for a high annual reward of up to 353%. Visit Maxi Doge.
Pepe
Also on investors’ radar is Pepe (PEPE), a frog-themed meme coin that turned a viral internet joke into a multi-billion-dollar coin.
PEPE is up nearly 20% over the past week, after it bounced off the 0.0000103 support level. Its price now comfortably sits above its key EMA support levels, flipping short-term momentum in favor of buyers.
With EMA support levels looking as strong as ever, PEPE bulls are now aiming to retest the next major resistance near $0.000013. A potential close above that level can set the stage for a rally toward the highly anticipated $0.00002 mark.
In the meantime, retail traders and medium-net-worth investors are aggressively accumulating PEPE, with addresses holding $10–$1 million worth of PEPE tokens reaching record highs. This has caused a gradual decline in Pepe’s exchange balances this month, slightly reducing sell-side pressure.
If PEPE’s on-chain accumulation continues to gain momentum, PEPE could be just one rally away from reclaiming its all-time high of $0.00002825.
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