A veteran crypto trader, known as Free Electron, has stirred the meme coin world by publishing his top ten picks for the upcoming bull run, a list that surprisingly excludes heavyweights Dogecoin (DOGE/USD) and Shiba Inu (SHIB/USD). Instead, Free Electron has placed his bets on lesser-known meme coins, outlining his rationale and long-term target valuations for each.
The top five contenders on Free Electron’s list are:
1.
Dogwifhat (WIF/USD):
This meme coin has earned recognition from Elon Musk as the “top dog coin of the cycle.” Free Electron sees Dogwifhat as Solana’s mascot and a prime leverage play, potentially replicating the impressive gains of Dogecoin and Shiba Inu.2.
Pepe (PEPE/USD):
Positioned as a leverage play for Ethereum, Pepe boasts favorable unit bias and strong metrics. Despite being the only frog in a sea of dog and cat-themed meme coins, it has found popularity across various internet subcultures. The trader envisions a $90 billion valuation for Pepe.3.
Popcat (POPCAT/USD):
Dubbed the “Dogecoin of cats,” Popcat enjoys high recognition, particularly in Asia.4.
Mog Coin (MOG/USD):
Free Electron considers this meme coin another strong “ETH beta play.”5.
Gigachad (GIGA/USD):
This meme coin is viewed as the “#1 lifestyle coin.”Rounding out the list are Michi (MICHI/USD), Mumu (MUMU/USD), Selfie Dog (SELFIE/USD), Mini (MINI/USD), and Aura (AURA/USD). Michi, in particular, is described as the “WIF of Cats” due to its mentions by several celebrities on their social media handles.
With a market capitalization exceeding $45 billion, the meme coin landscape has seen a steady rise in valuation over recent months. One crypto trader believes Dogwifhat is poised for its first bullish cross on the weekly RSI chart, indicating potential upward momentum. Previously, a crypto trader predicted Popcat to maintain its uptrend and potentially climb to the position of the fifth-largest meme coin.
