5 Meme Coins Traders are Bullish on this Week

The post 5 Meme Coins Traders are Bullish on this Week appeared first on Coinpedia Fintech News

As the crypto market regains pace, the meme coin sector could present monumental opportunities. 

However, with so many new projects released daily, identifying those with the highest potential can be challenging.

Therefore, this article looks at five meme coins that traders are most bullish about this week. Let’s get started.

Dogeverse

Dogeverse is a new meme coin in the final stages of its presale. It has raised over $15 million, reflecting that investors are overwhelmingly bullish.

The project introduces a one-of-one use case, being the only doge-themed cryptocurrency to go multichain.

According to its whitepaper, Dogeverse harnesses Wormhole and Portal Bridge technology to launch on Ethereum, Base, Solana, BSC, Polygon, and Avalanche.

Given its massive early success, it is no surprise that leading traders are backing Dogeverse for huge gains.

For instance, well-known low-cap trader Jacob Bury covered Dogeverse in a YouTube video and speculated that it could be 100x after its presale.

Top media outlets like Cointelegraph, Techopedia, and Bitcoinist have also covered the presale. This reflects its mass-market appeal and lays the way for continued growth.

Besides its multichain approach, staking also draws investors to the Dogeverse presale. Currently, they can garner a 53% APY, but this will decrease as the staking pool grows.

Visit Dogeverse Presale

Sealana

Plenty of parabolic meme coins have launched on the Solana network recently, and the latest prospect is South Park-inspired Sealana.

The project remains in presale, enabling investors to invest from the ground up. According to its website, the presale has already raised over $1.8 million.

Sealana features a witty backstory of an Americanized seal pursuing meme coin riches from his mom’s basement. He lives off canned tuna and chips, hoping to trade his way to a new Lambo.

The rags-to-riches narrative resonates with many meme coin traders and renders Sealana a beacon of memetic culture.

Top analyst ClayBro is bullish on Sealana. In a recent video, he noted the IEO success of a similar Solana presale, Slothana, and speculated that Sealana could be next to soar.

However, the Sealana presale has not announced a hard cap. This means that the campaign could end anytime, so potential buyers should act fast.

Visit Sealana Presale

WienerAI

While WienerAI may appear as another playful meme coin, this project is dead serious. Behind its meme coin allure sits a juggernaut AI-powered trading bot, equipping its users to become better and more informed traders.

Leveraging AI predictive technology, users can ask WienerAI questions, and it will scour the market to find the best trades.

Meanwhile, it provides seamless trade execution that is instant, free, MEV-resistant, and noob-friendly.

Given its meme coin exterior, this unassuming project has been a hit with both crypto degens and value-seeking investors. It is currently undergoing a presale and has raised over $2.3 million so far. Leading traders have also endorsed the project.

For instance, Michael Wrubel, who boasts over 300K YouTube subscribers, recently dubbed it the “top AI meme coin for 2024.”

The current $WAI price is $0.000708, but this will rise throughout the presale.

Visit WienerAI Presale

Dogwifhat

For those paying attention to the meme coin space, it should be no surprise that Dogwifhat has made our list.

After meteoric success through Q1 of 2024, the Solana-based sensation has undergone a consolidation period. 

However, analysts believe this is a bullish accumulation zone and could present a solid buying opportunity ahead of the next leg up.

One of Dogwifhat’s most vocal and famed proponents is Ansem, a prominent figure on X.

Anem conducted a technical analysis of WIF’s current price action and concluded that it will reach a new ATH by the end of May.

The analyst noted that expansion often follows consolidation, laying the way for a decisive upswing for Solana’s largest meme coin.

$SOL & $WIF going to ATHs by end of the month, will coincide w/ ending of ~3 month period of bullish consolidation after last leg up, also in line w/ $BTC bullishness

consolidation-> expansion [@conzimp] pic.twitter.com/fDSwzDOVVs

— Ansem (@blknoiz06) May 20, 2024

WIF is currently trading at $2.69, up 3.7% today, down 3.5% this week, and down 5.2% this month. It is also down 43% from its 31 March ATH of $4.85.

Andy

Andy is a popular meme coin with a $46 million market cap, far less than that of the leading players like Dogwifhat.

The project is a Pepe-inspired meme coin on the Ethereum network. As per its website, one of its main focuses is on securing partnerships.

Max Schwartzman, CEO of Because Bitcoin, is a leading trader rallying behind Andy.

The trader gained notoriety by predicting Pepe’s 2024 uprising, which resulted in 10x gains. As such, his support for Andy could hold a lot of weight.

Schwartzman continually analyzes Andy from a technical and fundamental standpoint on X. In a recent analysis, he compared its price action to that of Solana in 2021.

For all the lazy folks out there, here you go!

Also, if you're not following @PlutonicXBT that's a big problem. He's a MUST follow right now. https://t.co/HEB69mR5xm pic.twitter.com/zXUiLZLclC

— Max (@MaxBecauseBTC) May 18, 2024

While SOL and ANDY are not fundamentally linked, Schwartzman noted that both display similar price structures, presenting Andy with a massive upside as the market cycle advances.