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As global liquidity increases, meme coins are starting to show significant strength.
Brett, Neiro Ethereum, Popcat, and Dogwifhat prices are all rising as investors prepare for a bull market that will begin in October.
Experts are including a new meme coin in their list of the best cryptocurrencies to buy right now, and they are targeting up to 100x returns in the coming months. In fact, coins like Pepe Unchained and Shiba Shootout have secured strong pre-sale funds, showing that investors have high confidence.
Global Liquidity Surges – Why Crypto Prices Are Bullish
Julien Vittel, head of macro research at Global Macro Investor, advises bulls to be patient, and for good reason: global liquidity is increasing, which is always a positive development for financial markets, especially cryptocurrencies.
Bittel said the GMI Total Liquidity Index, an indicator that shows a strong correlation with the Bitcoin price, has shown a bullish reversal and is expected to surge in the coming months.
He believes a liquidity wave is coming and that BTC will hit new highs in Q4.
In fact, global liquidity surged by 0.64% last week and is expected to remain strong going forward.
Experts say global currency liquidity is growing at a rate of more than 6% annually for the first time since April 2020. This is definitely a bullish scenario for crypto markets and meme coins.
Meme Coin Explodes Despite Rektember Fears
Meme coin asset classes have been leading the crypto bull market this cycle, and this time around is no exception.
Market leader Dogecoin defies Rektember forecasts and trades above $0.102. Experts believe a weekly close above this level could sustain the bullish run to $0.15.
Imagine after all this madness. #dogecoin This is the guy who jumps out and takes the next step… 👀
Beware of this falling wedge $doge Daily Chart — A sustained close above $0.10 could see a bullish reversal to $0.15! pic.twitter.com/oGIeR3yHtF
— Ali (@ali_charts) September 9, 2024
DOGE also managed to break out against BTC after a 165-day downtrend. In fact, Dogecoin is one of the best cryptocurrencies to buy right now, especially considering Elon Musk’s close relationship with former President Trump, who is currently the leading candidate to take the White House in November.
But another dog meme coin, Neiro Ethereum, is getting a lot of attention for its explosive growth.
After Binance Futures announced the launch of NEIRO Perpetual Contracts, the meme coin gained nearly 700% last week. According to data from Lookonchain, institutions like Wintermute are accumulating large amounts of NEIRO, making it a great buy going forward.
Wintermute is piling up $NERO!
from #Binance Announced the launch $NERO permanent contract, #wintermute A total of 12.16M has been accumulated $NERO($2.37 million)! https://t.co/5Bd0TWJBMF pic.twitter.com/hLTd8hkGgR
— LookOnChain (@lookonchain) September 10, 2024
Solana meme coins Dogwifhat and Popcat also saw double-digit gains last week.
Meanwhile, experts remain bullish on Pepecoin, with the meme token continuing to consolidate within a bullish symmetrical triangle. Analysts point out that a breakout could signal a 400% rally in Q4.
Crypto Investors Stack New Meme Coins Ahead of Bull Market
Even as large cap stocks continue to rally, investors have not lost their appetite for new meme coins as they continue to chase 100x returns.
For example, Pepe Unchained (PEPU) is one of the hottest pre-sales of 2024, raising nearly $13 million in just a few weeks thanks to massive whale buying.
PEPU is a high-utility meme coin, and it has launched a layer 2 blockchain specifically for meme coin transactions, providing low transaction fees and fast transactions. PEPU holders also receive staking rewards at a high rate.
Speculation is growing that Pepe Unchained could be the next 10x cryptocurrency thanks to strong initial demand.
Likewise, Shiba Shootout (SHIBASHOOT) has secured a lot of pre-sale funding, having already raised over $1.1 million in its ICO thanks to its fresh western theme.
With P2E gaming and cowboy-themed rewards like cactus staking, Lucky Lasso Lottery, and Posh Rewards, SHIBASHOOT has quickly become one of the most popular new meme coins.
Some experts even target 100x returns with early buys in the Shiva shootout.
Disclaimer: This is a sponsored article and is provided for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment or financial advice.
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