The cryptocurrency market is witnessing a slight correction, with Bitcoin (BTC) falling below $67,000. However, with the BTC halving just around the corner, we may soon witness another market-wide rally. Memecoins, in particular, may see a massive surge if we enter another bull run.
With that said, let's look at three memecoins to watch this week.
Top 3 meme cryptocurrencies to watch this week
Shiba Inu (SHIB):
Shiba Inu (SHIB) is one of the most popular cryptocurrencies on the market. The asset saw a significant price increase in March. Although the asset has faced a correction on the daily and weekly charts, analysts anticipate that the token will recover throughout this month. Furthermore, according to CoinCodex, SHIB could hit a new all-time high in April.
Also Read: Cryptocurrency: Top 3 Coins to Watch in April 2024 Under $1
According to CoinCodex, SHIB could reach $0.00009452 on April 30, 2024. Reaching $0.00009452 from current levels would translate into nearly 250% growth. Changelly also anticipates that the cryptocurrency will reach a new high this month, reaching $0.0001 on April 30, 2024.
Dog with wife (WIF):
WIF is a Solana-based memecoin that witnessed a massive price surge earlier this year. The asset is currently the 34th largest crypto project by market cap. While the asset has faced an 11.7% correction on the daily charts, WIF is still up almost 32% on the weekly charts.
According to CoinCodex, WIF may continue to recover throughout April. The platform anticipates that WIF will reach a new all-time high this week, reaching $5.09 on April 7, 2024.
Furthermore, the platform predicts that the cryptocurrency will reach $13.02 by April 30, 2024, resulting in an increase of approximately 247%.
Dogecoin (DOGE):
Also Read: Top 3 Cryptocurrencies That Could Hit All-Time Highs in April 2024
Dogecoin (DOGE), the original memecoin, recently overtook Cardano (ADA) as the ninth largest cryptocurrency by market cap. According to CoinCodex, DOGE price may consolidate around current levels throughout April. Therefore, investors may want to keep an eye on DOGE this week.
