The cryptocurrency market seems to be rebounding from its latest selloff. Bitcoin (BTC) is inching closer to reclaiming the $56,000 mark after falling below $50,000 on Aug. 5, 2024.
The global crypto market cap has also risen by 7.1% in the last 24 hours and is currently at $2.07 trillion. Despite the slight reversal in the daily charts, significant assets glow red in the other time frames.
With that said, let us look at three meme coins you could watch during the dip.
Top 3 Meme Cryptocurrencies to Watch During The Dip
1. Shiba Inu (SHIB)
Shiba Inu has made significant gains in the last 24 hours, rallying by over 18% in the daily charts. The asset is still down in the weekly, 14-day, and monthly charts, falling 16.8%, 19.7%, and 15.6%, respectively.
Also Read: Top 3 Cryptocurrency To Buy During The Market Crash
SHIB is one of the most popular cryptocurrencies with much growth potential. The asset is predicted to reclaim the $0.00002 level sometime this week. The low prices could be a good entry point for new investors.
2. Pepe (PEPE)
Pepe is another meme coin that has witnessed a healthy rally, gaining 19.2% in the daily charts. The asset is down by 31.3% in the weekly charts, 31.4% in the 14-day charts, and more than 13% over the previous month.
The frog-themed meme cryptocurrency was among the best-performing assets of the last year. PEPE’s price is up by over 600% since August 2023.
3. dogwifhat (WIF)
WIF, also known as dogwifhat is a Solana-based meme coin that has displayed stellar performance over the last few months. The meme coin has rallied by over 23% in the last 24 hours but is down by 39.2% in the weekly charts, 45.4% in the 14-day charts, and 22.7% over the previous month.
Also Read: Analyst Warns of a Cryptocurrency Black Monday
WIF has quickly climbed the charts and is currently the 54th largest cryptocurrency by market cap.
