Which Meme Coin To Buy For 10X Gain?

Meme coins such as Shiba Inu and Dogecoin have established their presence in the market. As volatility in the cryptocurrency market increases following the recent Bitcoin halving, investors are eagerly seeking opportunities to make significant gains.

Among the most popular options are two major meme coins: Shiba Inu (SHIB) and Dogecoin (DOGE). However, with the meme coin category showing mixed sentiment and uncertainty regarding future price trends, the question arises: Which of these tokens is more likely to deliver a 10x return? ?

Also Read: Shiba Inu May Price Prediction: Could SHIB Reach $0.0001?

Dogecoin’s bearish price action raises concerns

Dogecoin: DOGE price prediction during Bitcoin halving

Despite the increased market volatility, Dogecoin price has formed an inverted cup-and-handle pattern on the daily time frame, indicating a bearish outlook for the coming days. The memecoin leader is down 3.12% over the past day and 2.52% over the past 30 days, highlighting weak buying and selling pressure.

For Dogecoin to regain its bullish momentum, it is important that the market sustains the price above the support level of $0.155. If successful, the bulls may prepare to test the $0.182 resistance level. On the contrary, bearish price action could push the price closer to the lower support level at $0.128 in the coming days.

Also read: Cryptocurrency: Top 3 AI coins to buy for double profits

Shiba Inu’s bullish convergence brings hope

Shiba Inu 50 cents shib $0.50Shiba Inu 50 cents shib $0.50

In contrast to Dogecoin, Shiba Inu has recently recorded a bullish convergence in the daily time frame, increasing investor expectations for a potential price surge. After showing a neutral trend during the first two months of this year, SHIB broke through its resistance level and surged an impressive 3x within days as hype for the meme coin grows. was recorded.

Although Shiba Inu faced rejection at the $0.00003950 resistance level and the bulls lost momentum and broke through the support level, Memecoin is trading between $0.000023 and $0.000030.

If the bulls continue to gain momentum, SHIB price could prepare to test the $0.000030 resistance level this week.

Also read: Cryptocurrency: 3 coins to buy now as Bitcoin regains $65,000

The path to 10x profits: factors to consider

Investors should consider several factors when deciding between Shiba Inu and Dogecoin for their 10x profit potential. Even though SHIB’s recent bullish convergence and growing hype around meme coins make Dogecoin an attractive option, investors are still wary of Dogecoin’s established status as a category leader and the potential for a bullish convergence. should not be overlooked.

Ultimately, which meme coin offers a 10x return will depend on a variety of factors, including overall market sentiment, adoption rate, and ability to break through key resistance levels. As always, investors should conduct thorough research and exercise caution when investing in the volatile cryptocurrency market.

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