Best Meme Coins to Buy as Bitcoin’s Rally Pumps Up Alt Markets
As Bitcoin’s rally accelerates, with the BTC price rising another 7% on Wednesday to surpass $61,000 for the first time since November 2021, altcoin markets are also pumping, with risk-seeking crypto investors on the hunt for the best meme coins to buy.
Last just above $61,000, Bitcoin has risen an amazing 18% already this week.
Huge demand from US investors for spot Bitcoin ETFs appears to be the main driver of the rally.
Spot Bitcoin ETF trading volumes hit a new record high earlier this week, whilst BlackRock’s ETF saw record inflows yesterday.
Bitcoin ETF inflows surge while Blackrock's IBIT sees biggest increase on record pic.twitter.com/bQDVGqZWmn
— zerohedge (@zerohedge) February 28, 2024
The narrative surrounding Bitcoin’s upcoming issuance rate halving (expected in April) is also supporting the upside.
Others are pointing to potential macro tailwinds, with the Fed expected to cut interest rates next year.
Either way, Bitcoin looks odds on to test its record highs shortly.
And altcoin markets are also surging.
Solana (SOL), Cardano (ADA) and XRP (XRP) were all last higher by about 3-4% in 24 hours, as per CoinMarketCap.
Major altcoins like these could easily offer potential gains in the region of 3-5x.
But investors gunning for higher returns in the 10x-100x region will be looking for the best meme coins to buy.
Here are the five best meme coins to buy that could deliver huge upside.
Solana’s flagship dog-themed meme coin Bonk (BONK) is picking up, but investors still have a chance to buy the dip.
BONK was last trading around $0.000016, up over 60% from this year’s lows at $0.000010 support.
But BONK is still over 50% down from its record highs set in late 2023 around $0.000035.
And with a market cap of only $1 billion, BONK
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