Meme coins are starting to show significant bullish strength as global liquidity is on the uptick.
Brett, Neiro Ethereum, Popcat and Dogwifhat prices are all rallying as investors are gearing up for the start of a bull run in October.
Experts are including new meme coins in their lists of best crypto to buy now, aiming for as much as 100x returns in the coming months. Indeed, coins like Pepe Unchained and Shiba Shootout are seeing robust presale funding, signalling high investor confidence.
Global Liquidity Soars – Why That’s Bullish For Crypto Prices
The Head of Macro Research at Global Macro Investor Julien Bittel advises bulls to be patient, and for good reason. Global liquidity is on the rise, which is always a positive development for the financial markets and particularly, crypto.
Bittel reveals that the GMI Total Liquidity Index – an indicator that shows a strong correlation with the Bitcoin price – has started a bullish reversal and is expected to skyrocket in the coming months.
He believes that a liquidity wave is on the horizon and BTC is poised for new all-time highs in the fourth quarter.
Indeed, the global liquidity has surged by 0.64% in the past week and is primed for a bullish continuation.
Experts reveal that Global Monetary Liquidity is growing at an annualized rate of over 6% for the first time since April 2020, a decidedly bullish scenario for the crypto market and meme coins.
Meme Coins Explode Despite Rektember Fears
The meme coin asset class is leading crypto bull runs in this cycle and this time is no different.
Market leader Dogecoin is defying the Rektember projections and is back to trading above $0.102. Experts believe that a weekly close above this level could result in a bullish continuation to $0.15.
Imagine if, after all this craziness, #Dogecoin is the one to break out and kick off the next leg up… 👀Watch out for this falling wedge on the $DOGE daily chart — a sustained close above $0.10 could spark a bullish run to $0.15! pic.twitter.com/oGIeR3yHtF
— Ali (@ali_charts) September 9, 2024
DOGE has also secured a breakout against BTC after 165 days of downtrend. Indeed, Dogecoin is one of the best crypto to buy right now, especially considering Elon Musk’s close relationship with former President Trump, who is now the favourite to win the White House in November.
However, another dog meme coin Neiro Ethereum is stealing the spotlight with its explosive rally.
After Binance Futures announced the launch of NEIRO Perpetual Contracts, the meme coin has rallied by nearly 700% over the past week. Data from Lookonchain reveals that institutions such as Wintermute are heavily accumulating NEIRO, which makes it an excellent buy going forward.
Wintermute is accumulating $NEIRO!Since #Binance announced the launch of $NEIRO perpetual contracts, #Wintermute has accumulated a total of 12.16M $NEIRO($2.37M)!https://t.co/5Bd0TWJBMF pic.twitter.com/hLTd8hkGgR
— Lookonchain (@lookonchain) September 10, 2024
Solana meme coins Dogwifhat and Popcat are also up by double-digits over the past week.
Meanwhile, experts remain bullish on the Pepe coin as the meme token continues to consolidate inside a bullish symmetrical triangle. Analysts point out that a breakout could mean a 400% rally in Q4.
Crypto Investors Stack New Meme Coins Ahead of Bull Run
The bullish strength in large caps hasn’t diminished investors’ appetite for new meme coins as they continue to hunt for 100x returns.
For instance, Pepe Unchained (PEPU) is seeing one of the hottest presale performances of 2024, having already raised nearly $13 million in a few short weeks behind heavy whale buys.
PEPU is a high-utility meme coin and is launching a Layer-2 blockchain specifically for meme coin trading which will offer low trading costs and fast transactions. Additionally, PEPU holders are also reaping staking rewards at a high rate.
Thanks to its strong early demand, there is growing speculation that Pepe Unchained could be the next 10x crypto.
Similarly, Shiba Shootout (SHIBASHOOT) is seeing heavy presale funding and has already raised over $1.1 million in its ICO, thanks to its fresh Wild-West theme.
With its P2E game and cowboy-themed rewards like Cactus Staking, Lucky Lasso Lottery and Posse Rewards, SHIBASHOOT has quickly emerged as one of the hottest new meme coins around.
Some experts are even aiming for 100x returns with their early buys in Shiba Shootout.
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Source: https://cryptodaily.co.uk/2024/09/meme-coin-prices-explode-as-global-liquidity-soars-best-cryptos-to-buy-now