Though they haven't gained much traction lately, well-known memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) still have the potential to gain 200%–300% during the next bull run.
Launched on April 9th, Musk Eclipse (ECLIPSE) is a memecoin that has gained over 500% since its inception. However, it still has to increase by an additional 700% from its present price to reach its peak.
Though they haven't gained much traction lately, well-known memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) still have the potential to gain 200%–300% during the next bull run.
But since they can purchase a sizable portion of the supply for very little money, a lot of investors are opting to put their money into small cap memecoins.
For instance, investors may purchase 5% of Musk Eclipse (ECLIPSE), which now has a market capitalization of about $6,000, for only about $300.
Additionally, early investors would witness a jump in their stakes to hundreds of thousands or millions of dollars if the memecoin, like many other recently created memecoins, is able to reach a multi-million dollar market valuation.
Launched on April 9, Musk Eclipse (ECLIPSE) is presently trading at $0.00000586, having increased in value by more than 500% since its introduction.
Price prediction for Dogecoin (DOGE) and Shiba Inu (SHIB)
Following a period of consolidation, some memecoin investors have cashed in their gains and moved their money to smaller cap tokens that have greater potential, while others are still quite positive about Doge.
Nevertheless, Dogecoin is still expected to exceed Shiba Inu and increase by at least 50% to 150% throughout the bull run.
Shiba Inu prices have increased significantly so far in 2024, but there are indications that this trend is flagging and will slow down as the year progresses.
April 2024, Cryptoniteuae