As Bitcoin price recovered back to $60,000, the cryptocurrency market experienced a strong bounce in the past hours. In addition, the memecoin category recorded the highest increase with many tokens soaring to triple digits.
In light of this situation, investors are turning optimistic about the memecoin craze and a potential AltSeason bull run. Questions like “Which Memecoin is best to invest in?” and “Which memecoin will reach $1?” has stirred up the cryptocurrency market.
Scroll down, because in this article we will introduce the top three Meme Coin coins that are likely to outperform the top cryptocurrencies this Q4.
WHY (WHY)
Amid increased price volatility, WHY’s price has increased by 5.25% in 24 hours and 10.47% in the past week. Moreover, it has increased by about 30% since its launch. With a market capitalization of $120.95 million, WHY currently holds the 284th position on the global cryptocurrency list.
The Moving Average (SMA) indicator has recorded a strong bullish curve on the 4H time frame. This highlights the increased buying pressure on altcoins in the market. Moreover, the RSI has broken out of the overbought zone. This suggests that the price will continue to increase in value in the coming time.
If the market maintains its bullish sentiment, the WHY price is poised to test the upper resistance at $0.0000003330. Conversely, a bearish reversal could drag the price to the low of $0.000000270.
Mog Coin (MOG)
Despite recording negative price action over the past month, MOG’s price has attracted significant attention from the crypto community. Moreover, with a YTD return of around 1,900%, the meme coin is one of the best performing projects of the year.
The Moving Average Convergence Divergence (MACD) indicator has shown a weak bullish action in the market. Additionally, this technical indicator has recorded an increase in selling pressure. This highlights the possibility of a short-term price correction for memecoin in the near term.
Holding the price above the resistance of $0.00000009820 could pave the way for MOG price towards the upper threshold of $0.0000015420. However, bearish action could drag the price to the lows of $0.000000680.
First Neiro on Ethereum (NEIRO)
Since its listing on Binance, this memecoin has taken the crypto market by storm. Notably, it has increased by 1,161% in the past week and has a year-to-date return of 18,444.10%, making it the best performing memecoin of 2024.
The RSI is still fluctuating near the overbought level in the 1H time frame. This shows a strong bullish sentiment for altcoins in the market. Furthermore, the SMA acts as support for the NEIRO price chart. This suggests a positive outlook for memecoin in the market.
If purchasing power continues to increase, First Neiro price on Ethereum will prepare to test the upper level of 0.001 USD in the near future. Conversely, a bearish reversal could drag the price towards USD 0.00060.