Dogecoin

GameStop

Shiba Inu

Prices in the meme coin sector have shown the potential to surge as investors in the traditional stock market turn to <a href="https://coingape.com/news/stocks/gamestop-gme-stock-price-rises-19-pre-market-meme-coins-to-echo-rally/" rel="noopener noreferrer nofollow">GameStop (GME)</a>. The GME stock price posted a modest rally from late last week from $17.50 to $23.33, <a rel="noopener noreferrer nofollow" href="https://finance.yahoo.com/quote/GME">Yahoo Finance </a>data shows. Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) tend to reflect meme coin stocks’ movements.
Since last week, attention has gradually shifted to meme stocks like GamesStop and AMC Entertainment Holdings (AME), a cinema chain. For some investors, the drastic increase in the values of meme stocks often signals euphoria.
This hype has a way of spreading into the cryptocurrency market, impacting <a href="https://coingape.com/meme-coin/" rel="noopener noreferrer nofollow">meme coins</a>. The GameStop mania had spilled over to $DOGE and other meme coins,” during the bull market in 2021.
<h2 id="1-meme-coins-to-buy-dogecoin-doge">1. Meme Coins To Buy – Dogecoin (DOGE)</h2>
Dogecoin (DOGE), a popular cryptocurrency based on the beloved “doge” meme featuring a Shiba Inu, has seen a notable increase in its value recently. Currently holding a market cap of $22.75 billion, Dogecoin ranks eighth among all cryptocurrencies and stands as the leading meme coin. 
The <a href="https://coingape.com/price/dogecoin/" rel="noopener noreferrer nofollow">Dogecoin price </a>has climbed to $0.1628, marking a 5% dip in the last day. This makes Dogecoin a potential crypto to sell if Bitcoin drops to $65,000 before June.
<figure id="attachment_199280" aria-describedby="caption-attachment-199280" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-199280" src="https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.14.10.png" alt="Top 4 Meme Coins To Buy As GameStop (GME) Stock Makes A Comeback" width="1708" height="1288" srcset="https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.14.10.png 1708w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.14.10-300x226.png 300w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.14.10-1224x923.png 1224w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.14.10-768x579.png 768w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.14.10-1536x1158.png 1536w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.14.10-326x245.png 326w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.14.10-80x60.png 80w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.14.10-150x113.png 150w" sizes="(max-width: 1708px) 100vw, 1708px">
 <figcaption id="caption-attachment-199280" class="wp-caption-text">
 Dogecoin price chart
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</figure>
Over the past year, Dogecoin has surged by 124%. This remarkable growth is underscored by a surge in large transactions, indicating significant investments from major players or “whales.” This trend suggests a heightened interest in Dogecoin.
<h2 id="2-shiba-inu-shib">2. Shiba Inu (SHIB)</h2>
The second-largest&nbsp;<a href="https://coingape.com/meme-coin/" target="_blank" rel="noopener noreferrer nofollow">meme coin</a> hovered at $0.000026 on Tuesday. Bulls have recouped the losses experienced in the last 24 hours, affirming the positive outlook for this week.
As the trading volume nears the $1 billion mark, interest in SHIB is bound to grow. This could increase the chances of a breakout above $0.00003 and subsequently to $0.000035.
A stronger support was established along the ascending trendline. Moreover, Shiba Inu’s position above the 200-day Exponential Moving Average (EMA) backs the uptrend despite the correction from the Q1 peak at $0.000038.
<figure id="attachment_199253" aria-describedby="caption-attachment-199253" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-199253" src="https://coingape.com/wp-content/uploads/2024/05/SHIBUSD_2024-05-28_17-57-10.png" alt="Shiba Inu Coin price chart | Tradingview" width="2694" height="1444" srcset="https://coingape.com/wp-content/uploads/2024/05/SHIBUSD_2024-05-28_17-57-10.png 2694w, https://coingape.com/wp-content/uploads/2024/05/SHIBUSD_2024-05-28_17-57-10-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/05/SHIBUSD_2024-05-28_17-57-10-1224x656.png 1224w, https://coingape.com/wp-content/uploads/2024/05/SHIBUSD_2024-05-28_17-57-10-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/05/SHIBUSD_2024-05-28_17-57-10-1536x823.png 1536w, https://coingape.com/wp-content/uploads/2024/05/SHIBUSD_2024-05-28_17-57-10-2048x1098.png 2048w, https://coingape.com/wp-content/uploads/2024/05/SHIBUSD_2024-05-28_17-57-10-150x80.png 150w" sizes="(max-width: 2694px) 100vw, 2694px">
 <figcaption id="caption-attachment-199253" class="wp-caption-text">
 Shiba Inu Coin price chart | Tradingview
 </figcaption>
</figure>
Now that&nbsp;<a href="https://coingape.com/price/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu Coin</a>&nbsp;has climbed above two other critical EMAs—the 20-day and the 50-day, the path of least resistance is gradually shifting upwards.
Should the price breach the first solid hurdle around $0.000028, a stronger breakout above $0.00003 will emerge. Investors sitting on the sidelines may flock into the market, creating FOMO and escalating the breakout eyeing $0.000035. Shiba Inu Coin can achieve a new milestone above the Q1 peak in June, setting the pace for the bull run.
<h2 id="3-pepe-coin-pepe">3. Pepe Coin (PEPE)</h2>
The frog-themed meme coin, Pepe Coin, has managed to sustain an upsurge in May. This rally was primarily driven by the recent approval of spot Ethereum and Bitcoin nearing the $70,000 mark. However, this week, PEPE’s recovery momentum has slowed, accompanied by decreasing trading volumes, indicating the potential onset of a new correction trend.
<figure id="attachment_199281" aria-describedby="caption-attachment-199281" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-199281" src="https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.21.33.png" alt="Top 4 Meme Coins To Buy As GameStop (GME) Stock Makes A Comeback" width="1708" height="1168" srcset="https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.21.33.png 1708w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.21.33-300x205.png 300w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.21.33-1224x837.png 1224w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.21.33-768x525.png 768w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.21.33-1536x1050.png 1536w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-21.21.33-150x103.png 150w" sizes="(max-width: 1708px) 100vw, 1708px">
 <figcaption id="caption-attachment-199281" class="wp-caption-text">
 Pepe Coin price chart
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</figure>
An analysis of the daily time frame shows that the&nbsp;<a href="https://coingape.com/pepe-coin-price-slips-dev-team-sells-22b-pepe-what-next/" target="_blank" rel="noopener noreferrer nofollow">PEPE</a>&nbsp;coin price has been riding a steady recovery for the past six weeks under the influence of an ascending trendline. The series of new higher lows indicate an active accumulation trend which uplifted this memecoin from $0.00000393 to $0.000016 recording a 300% jump.
<h2 id="4-dogwifhat-wif">4. Dogwifhat (WIF)</h2>
The Dogwifhat price &nbsp;8% surge in price in the past 24 hours, has triggered renewed interest among crypto investors. The price of WIF at press time is $3.24, representing a 15.5% increase in the past 7 days.
Currently, the <a href="https://coingape.com/dogwifhat-trading-goes-live-on-coinbase-wif-price-rally-inbound/" rel="noopener noreferrer nofollow">WIF price</a> is in an ascending triangle, having tested the upper boundary twice already – maybe the third time’s the charm. But having been rejected twice, this resistance around $3.5 may prove hard to break.
The Dogwifhat price is trending above the 50-day and 200-day simple moving averages, although the price action has been rather tightly interwoven with the indicators in the recent past.
<figure id="attachment_199130" aria-describedby="caption-attachment-199130" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-199130 size-full" src="https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-28-at-08.53.34-1.jpeg" alt="Dogwifhat Chart" width="1280" height="565" srcset="https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-28-at-08.53.34-1.jpeg 1280w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-28-at-08.53.34-1-300x132.jpeg 300w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-28-at-08.53.34-1-1224x540.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-28-at-08.53.34-1-768x339.jpeg 768w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-28-at-08.53.34-1-150x66.jpeg 150w" sizes="(max-width: 1280px) 100vw, 1280px">
 <figcaption id="caption-attachment-199130" class="wp-caption-text">
 Dogwifhat price chart
 </figcaption>
</figure>
WIF price uptick happened around the same time a Solana whale spent 17,966 SOL (approximately $2.98M) to buy 953,177 WIF. The whale managed an entry of around $3.13 and is currently 3.51% in profit. The whale single-handedly caused a WIF’s price to move up by about 7%.
On May 21, this whale also spent about 1 million USDC to purchase 355,417 WIF at $2.81. The whale later sold the following day at $3.07, bagging $90,000 in profit. This data underscores the importance of whales’ involvement in crypto markets.&nbsp;
<h2 id="final-thoughts">Final Thoughts</h2>
Meme coins tend to move in large margins whether up or down. The new hype in the sector promises a major run in the price of tokens like DOGE, SHIB, WIF, and PEPE. A careful diversification into these tokens could positively impact crypto portfolios, opening the way to better prospects.
The post <a href="https://coingape.com/markets/top-4-meme-coins-to-buy-for-50x-profit-as-gamestop-gme-stock-skyrockets/" rel="noopener noreferrer nofollow">Top 4 Meme Coins To Buy For 50X Profit As GameStop (GME) Stock Skyrockets</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Top 4 Meme Coins To Buy For 50X Profit As GameStop (GME) Stock Skyrockets

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