The current cryptocurrency field is in turmoil as the Bitcoin Halving event quickly approaches. The halving frenzy is fueling investor sentiment, with traders betting big on which crypto token will benefit the most from the sporadic allocation of funds.
Bitcoin halved, an event intended to halve rewards for Bitcoin miners is being called crucial in many ways. The event plays a central role in controlling the scarcity element of Bitcoin, which, in turn, preserves the attractiveness and value of Bitcoin. Likewise, halving events are often accompanied by slight price fluctuations that can trigger a shift of funds from BTC to other crypto tokens.
Besides major altcoins, meme tokens are also in the queue, waiting for the influx to sweep them away in its wake. Here are our top three cryptocurrency meme tokens that could explode after the Bitcoin halving.
Top 3 Crypto Meme Coins to Rise 200% After Bitcoin Halving
Cryptocurrency #1: DogWifHat
Solana-inspired meme coin DogWifHat is leading the latest crypto bull season by becoming investors’ favorite token to explore and interact with. The token was recently listed by OKx, mainly due to its growing popularity and surge that pushed its price to reach new price milestones.
According to Coincodex, after the Bitcoin halving, investor sentiment could suddenly pivot towards $WIF, due to its robust coin structure and historical price data. $WIF has consistently predicted a series of positive price increases while encountering minor dips and declines in its price. According to CoinCodex, WIF is expected to rise 239% after May 12, trading at an all-time high of $9. This could mean that investors can triple their profits if they continue to hold and explore WIF for a longer duration.
“According to our current Dogwifhat price prediction, Dogwifhat price is expected to rise by 231.55% and reach $9.93 by May 15, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear and Greed Index displays 74 (greed). Dogwifhat recorded 14/30 (47%) green days with a price volatility of 21.38% over the last 30 days.
Cryptocurrency #2: Shiba Inu
Investors’ all-time favorite, Shiba Inu, has been enjoying positive price sentiment since its launch in August 2020. The token was one of the major tokens to garner a fan base, due to its strong rise and its sharp rise in prices. With Bitcoin halving on the cards, user sentiment towards Shiba Inu is now stronger than ever.
According to Coincodex, Shiba Inu could undergo a massive infusion of funds, which could catapult its price to reach a new high. The platform predicts that SHIB will rise by 227% and trade at $0.00007214 by May 15.
“According to our current Shiba Inu price prediction, Shiba Inu price may increase by 227.07% and reach $0.00007214 by May 15, 2024. According to our technical indicators, the current sentiment is bearish, while the fear and greed index shows 74 (greed). Shiba Inu recorded 14/30 (47%) green days with a price volatility of 7.17% over the last 30 days.
Cryptocurrency #3: Pepe
The Pepe frog-inspired meme coin has quickly become a cult Web3 sensation in 2024. The token has embraced the bull cycle phase of the market, leading its price to document significant price increases. The token currently stands at $0.000005551, up 1.68% in the last 24 hours.
According to CoinCodex, Pepe could exceed the usual price threshold after the Bitcoin halving. The platform expects Pepe to surpass 220% and trade at a new milestone price of “$0.00001768”.
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“Pepe Coin price is expected to rise by 230.95% and reach $0.00001768 by May 15, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is reading 74 (greed ). Pepe Coin recorded 14/30 (47%) green days with a price volatility of 9.81% over the last 30 days.
reference: watcher.guru