Many memecoins are showing a bullish trend over recent days, with the likes of Shiba Inu, Floki, and Bonk all seeing significant gains.
Let’s take a look at what’s behind the current growth of these tokens as well as a new emerging meme coin called Sealana that’s also catching eyes.
Top Gainers in the Memecoin Space
In the past few weeks, Shiba Inu, Floki, and Bonk have emerged as the top gainers in the memecoin space.
Dubbed the ‘Dogecoin Killer,’ Shiba Inu ($SHIB) experienced sideways momentum for the majority of 2022 and 2023. However, since the start of 2024, $SHIB is up by nearly 200%.
Analysts such as Jason Marks are speculating that a potential breakout could lead to a further 210% upside. Marks noted that $SHIB broke out of a bull flag-like pattern. He stated, “This smaller break can initiate a continuation in an over 210% run.”
Mark believes that $SHIB could reach the $0.000081 target in the short term. Among the other top gainers is Floki ($FLOKI), which is up by 76% in the last 30 days.
On May 14th, 2024, many micro-cap and popular meme tokens, such as Floki, soared after a viral post by Keith Gill, a retail trader who played an integral role in triggering the GameStop short squeeze in 2021. Gill, who had been inactive on X (Formerly Twitter) since 2021, sparked a roar on social media after posting for the first time in three years.
Since the post, Floki Inu has continued its bullish momentum, rising by 25% in the last 7 days. Floki has also just launched a Telegram-based trading bot on the BNB Chain network, which is expected to charge a 1% transaction fee. This development could help maintain bullish momentum for $FLOKI.
Another popular crypto gainer is the Solana memecoin Bonk ($BONK), which is currently up over 69% in the last week.
On May 27th, $BONK broke above the $0.00003771 key resistance. This was also the closing price during $BONK’s previous 2024 high. With a current market cap of $2.87 billion, $BONK is the 48th largest crypto in the world.
Another Solana memecoin called SEAL has also been making gains, having raised over $3m throughout its ongoing ICO.
Could Sealana also be Set to Surge?
Sealana ($SEAL) is a new memecoin fueled by humor and laughter. The main illustration of the project features a heavy-set American Redneck seal. The image is inspired by the ‘World of Warcraft Guy’ from the South Park series.
Aiming to replicate the success of other SOL presales like BOME and SLERF, Sealana has already raised over $3 million.
This new memecoin has also launched at a time when other Solana-based meme tokens are in high demand. For instance, Popcat and Solama are up by 41% and 50% in the last 7 days, respectively.
Traders are bullish on Sealana’s potential, with some even claiming it has the potential to be the next 100x meme coin.
Interested investors can purchase $SEAL for just $0.022 per token. You can keep up to date with the project via its Telegram and Twitter accounts.
DISCLAIMER: THIS IS A SPONSORED POST