6 VanEck Meme Coin Index Price Predictions – BONK, DOGE, FLOKI, PEPE, SHIB, WIF

The crypto market entered the weekend going through one other correction, and meme cash felt the influence, with high names like Dogecoin (DOGE), Shiba Inu (SHIB), and dogwifhat (WIF) all down 3-5%.

On Wednesday, VanEck launched a meme coin index monitoring the efficiency of the highest 6 meme cash: Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), and Floki (FLOKI), with a 30% cap on every asset.

Meme Coin Value Predictions – High Analysts Weigh in on VanEck’s Index

Chilly Blooded Shiller, a preferred analyst with over 274k followers, shared his meme coin value predictions yesterday. He seen Pepe because the “strongest chart”, saying it reclaimed a serious resistance degree. Pepe value is round $0.0000083 at press time, barely beneath its March all-time excessive of $0.00001.

Just a little VanEck Memecoin Index thread.

Most markets have both already reclaimed assist/highs or they’re able to take action.

We’ll begin with the strongest chart imo, $PEPE.

Enormous reclaim and one of many first markets to interrupt the primary resistance overhead. pic.twitter.com/7wbIzYdGRp

— Chilly Blooded Shiller (@ColdBloodShill) May 10, 2024

For Bonk, Shiller referred to as it the “second strongest”, noting the same reclaim as Pepe however not but breaking the subsequent resistance. Bonk value is buying and selling round $0.000023, down 8% at present.

On WIF, he pointed to a possible head-and-shoulders sample, saying the $3.20 degree is essential to carry, with actual draw back threat if it loses $2.20 assist. WIF value is round $3.04 at the moment, down 5% within the final 24 hours.

CrediBULL, one other standard analyst with a following of almost 400k on X, additionally shared his bullish outlook on dogwifhat (WIF) value at present. He revealed risking $25,000 on an extended place, citing clear indicators of spot absorption as evidenced by the on-chain Cumulative Quantity Delta (CVD) making decrease lows whereas WIF’s value has been making increased lows.

Risking 25k on a $WIF lengthy right here.

We’ve clear spot absorption right here as might be seen with spot CVD making decrease lows whereas value is making increased lows.

In the meantime we’ve what appears to be a variety of underwater shorts that piled in on the earlier transfer down.

If the market goes… pic.twitter.com/6lgaLaoGNE

— CrediBULL Crypto (@CredibleCrypto) May 10, 2024

Moreover, CrediBULL pointed to what seems to be a big variety of underwater brief positions that gathered throughout the earlier downward transfer.

He believes that if the broader market is positioned for a bounce, WIF might expertise a pointy squeeze to the upside, pushed by these over-leveraged brief sellers being compelled to cowl their positions.

Furthermore, Shiller mentioned Floki “wants to interrupt 0.19” for it to seemingly rally arduous. Floki value is buying and selling round $0.00016, down 4%.

For Shiba Inu, he talked about utilizing the “well-respected diagonal sample” and ready for an impulse earlier than getting bullish. SHIB value is round $0.000022, off 3.35%.

$SHIB is identical.

Quite simple execution for this one, going to make use of the very nicely revered diagonal, await the impulse after which imagine it. pic.twitter.com/bEfZ6I1dMB

— Chilly Blooded Shiller (@ColdBloodShill) May 10, 2024

Lastly on Dogecoin, Shiller famous the “hassle round $0.165” resistance however mentioned it stabilized after sweeping March lows, suggesting ready for that push increased. DOGE value is round $0.14 at press time, down 4.5% after failing to interrupt $0.20 twice this 12 months.

Answem, an analyst boasting almost 400k followers on X, highlighted an enormous rise of WIF, tweeting “by no means underestimate the facility of crypto degenerates & the distribution of the web.”

by no means underestimate the facility of CT degenerates & the distribution of the web, $WIF in an official Vaneck index when it was solely $100k market cap in December https://t.co/hGbw2hOErq

— Ansem 🐂🀄️ (@blknoiz06) May 8, 2024

He famous that WIF, which had a mere $100k market cap in December, has now secured a spot in VanEck’s official meme coin index.

Finest Meme Cash to Purchase Now

Jacob Bury, a preferred YouTuber with 38k subscribers, posted a video at present concerning the high cryptocurrencies to purchase now, highlighting Dogeverse as the highest meme coin to purchase now.

Dogeverse is a multichain infrastructure undertaking that permits customers to entry the token on six main blockchains: Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.

This multichain strategy affords flexibility in selecting the blockchain based mostly on particular person wants when it comes to price and velocity. Over $15 million has been raised to date within the presale, and this meme coin is getting ready for its launch on exchanges quickly.

One other new and standard meme coin in presale is WienerAI, which has raised virtually $1.5 million. WienerAI combines parts of synthetic intelligence (AI) and a playful narrative, that includes a dog-sausage hybrid mascot.

It’s designed as a utility undertaking that makes use of AI know-how to allow seamless swaps and function an AI-powered buying and selling associate. As soon as the presale is over, it can launch on exchanges, however you’ll be able to at the moment purchase it at a reduced value of 1 $WAI = $0.000705.

Conclusion

All in all, traders may probably preserve an in depth eye on the efficiency of high meme cash like DOGE, SHIB, PEPE, WIF, BONK, and FLOKI.

And final, however not least, new meme cash to look at like Dogeverse and WienerAI might probably current an funding alternative throughout their presale levels.

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