In what comes as a pivotal event within the cryptocurrency realm, Bitcoin’s upcoming halving in April, the fourth of its kind, appears to be echoing a sense of frenzy among crypto market traders and investors globally. Amid this frenzy, the meme coin universe sparked global speculations as an uptrend in meme-based tokens following BTC’s halving remains much expected.
However, with Bitcoin’s price recently dropping due to market corrections, even the recent meme coin season waned, birthing speculations over a meme coin rally end. Nonetheless, as the Bitcoin halving nears, traders and investors expect a broader uptrend in the market, should BTC take a bullish stance with its halving.
With each halving, Bitcoin’s market dynamics evolve, triggering a supply squeeze as mining rewards diminish. A recurring phenomenon that occurs every four years, BTC halving marks a landmark event within the cryptocurrency space, reshaping the token’s value and tokenomics.
As optimism orbiting Bitcoin’s halving builds, crypto market enthusiasts expect meme coins to follow the broader uptrend. Here’s a list of the top five meme coins that could explode following Bitcoin’s halving.
Dogecoin (DOGE)
The largest meme coin by global market cap, also Shiba Inu’s most prominent rival, showcased a strong potential for growth over the past few days. Dogecoin’s price rallied nearly 95% over the past month, falling in line with the broader uptrend witnessed within the meme coin universe. Meanwhile, following a notable sluggish performance for quite a long time, DOGE’s price’s remarkable rally mirrored Bitcoin’s recent uptrend that aided BTC in scaling a new ATH.
Dogecoin’s price currently rests at $0.1637, with the meme coin even topping the $0.2 mark in the past thirty days. This illustrated the immense potential DOGE offers, stirring speculations over an imminent pump post-BTC halving.
Shiba Inu (SHIB)
Another dog-based meme coin, Shiba Inu, also known as the self-proclaimed Dogecoin killer, mirrored optimism with the upcoming BTC halving. As seen recently, even SHIB’s price followed the broader uptrend Bitcoin birthed, as mentioned above.
Positioning as the second largest meme-based token by global market cap, Shiba Inu nabbed significant investor attention amid the recent meme coin rally, showcasing a monthly surge of a whopping 190%. Coupled with the community’s continued burning of tokens and recent advancements, Shiba Inu sparkled with the immense potential of a breakout post-halving.
Shiba Inu (SHIB) currently rests at $0.00002731 with a market cap and 24-hour trading volume of 16.09 billion and $1.06 billion, respectively.
Pepe (PEPE)
The frog-based meme token has curated waves across the vast sea of crypto in recent days. With a staggering 500% monthly surge, this Ethereum-based meme coin has garnered significant attention across the global crypto realm, illustrating its immense potential to pump ahead.
Following PEPE’s mirroring of a meme coin rally, crypto market experts expect the token to mirror the uptrend that BTC’s halving echoes. Meanwhile, the PEPE token traded at $0.000007548, with a market cap of $3.18 billion and a 24-hour trading volume of $826.87 million.
Floki (FLOKI)
Another dog-based meme token, Floki, has kept investors on their toes, with a nearly 580% rally noted over the past 30 days. Falling in line with the recent meme coin hype, this pump underscored FLOKI’s potential to scale greater heights ahead.
Currently resting at $0.0002323, FLOKI boasted a market cap of $2.21 billion, whereas its 24-hour trading volume stood at $801.88 million.
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Dogwifhat (WIF)
Dogwifhat, a Solana-based meme crypto, also birthed a tidal wave of optimism as its price rallied nearly 575% over the past month, reaching $2.29. With a market cap of 2.27 billion, accompanied by a 24-hour trading volume of 323.18 million, the token further falls in line with the broader uptrend witnessed by meme coins and Solana over the past few days.
Meanwhile, aligning with the reasons mentioned above, even WIF remains poised to burgeon post-BTC halving.
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