After witnessing a significant surge in the cross-border payment system over the past few days, the crypto market continues to witness mixed price action, with top tokens constantly experiencing pump-and-dump-like situations in their respective portfolios.
However, with the Bitcoin price re-reaching the $61,000 mark, the memecoin category has regained strength, with some memecoins seeing massive upside in their respective portfolios.
Scroll down as in this article, we have covered the top 5 memecoins that have the potential to see massive upside in their respective portfolios during the upcoming crypto bull run.
Floki (FLOKI):
Amidst the increasing price volatility in the crypto space, FLOKI price has increased by 6.17% in the past day with a trading volume of $228.83 million. Moreover, it has secured the 54th spot on the global crypto list with a market capitalization of $1.262 billion.
The Relative Strength Index (RSI) has seen a sharp increase to the halfway point after remaining near its oversold zone. Moreover, it is about to register a bullish convergence, indicating a positive outlook for the Floki memecoin in the coming period.
If the market continues to gain momentum, Floki price will prepare to test its overhead resistance level of $0.00021435 in the coming weeks. Conversely, a bearish reversal could see the meme coin test its low of $0.00010190.
Board (Based) BOARD:
Built on the BASE chain, the Brett project is one of the iconic projects of the rapidly growing Base ecosystem. On the positive side, the growing ecosystem gives Base-based projects a strong foundation. Moreover, it allows the platform to leverage the resources and expertise of other projects in the space.
Notably, this memecoin is up 17.08% in the past day and has a trading volume of $49.63 million, a change of +8.19%. Moreover, it is down 12.11% in the past week and 21.22% in the past month. However, it has rewarded its long-term investors with a YTD return of 170%.
With a trading price of $0.1016, a circulating supply of 9.910 billion, and a total supply of 10 billion BRETT tokens, it secures the 63rd place on the global crypto list with a market capitalization of $1.006 billion.
Popcat (SOL) POPCAT:
With a bullish recovery, Popcat price is up 12.70% in the last 24 hours with a trading volume of $119.28 million, a change of -5.10%. Despite a 1.87% decline in the last week, it is up 28.16% in the last 30 days, with a YTD return of 8,141.28%.
The Moving Average Convergence Divergence (MACD) has shown a consistent decline in the red histogram, indicating increased price movement for the altcoin in the crypto market.
On the other hand, the RSI indicator shows a strong increase in the POPCAT price chart, with its average trend line registering a bullish convergence. This highlights the positive outlook for the memecoin in the coming period.
If the market sustains the Popcat price (SOL) above its resistance level of $0.6625, the bulls will prepare to test its overhead resistance level of $1 this month. However, a bearish reversal could pull the meme coin towards its lower support level of $0.330.
Mog Coin (MOG):
With a gain of about 20% in the past day, the MOG cryptocurrency has successfully regained momentum and overcome its key resistance at $0.0000018250. Despite a bearish trend over the past month, it is up 2,745% this year.
The MACD indicator has shown a similar price movement on its 1D time frame, suggesting a positive outlook for the MOG price this month. Moreover, the SMA is showing a bullish crossover, suggesting that the price will continue to gain value this week.
If the price stays above its support level of $0.0000015420, it will set the stage for the Mog Coin price to test its upper high of $0.0000021430. A negative bearish action could see this memecoin crash to its key support level of $0.0000012700.
