Crypto Expert Andrew Kang has made a bullish case for meme coins, including major ones such as Dogecoin (DOGE) and Shiba Inu (SHIB)He suggested that this category of crypto tokens could be the biggest winner during the expected year-end rally.
Meme coins still have more room to run
Kang named in an X (formerly Twitter) after That meme coins likely be responsible for most of the coins that have a chance to reach new highs. He added that market participants need to be quite selective as there are hundreds of meme coins out there. Kang gave this bullish outlook for meme coins while stating that he believes that more than 98% of altcoins have topped this cycle and that only a handful of coins will reach new highs by the end of this year.
Dogecoin is likely one of the coins that Kang thinks could reach new highs by the end of the year or early next year. He continues to argue that the top meme coin could be one of the crypto tokens with their ETF. More recently, he named that the “opportunities for a DOGE ETF” look brighter than ever, now that regulatory clarity is on the horizon.
Meanwhile, based on analysis done by various crypto analysts, Dogecoin also has the potential to reach new heights later in this bull run. Crypto analyst Crypto Kaleo claimed that Dogecoin will surpass Bitcoin in this market cycle. He made this claim because he believes that this is a meme super cycle and that the “king of memes will not be left behind.”
Crypto analyst Kevin (formerly OG Yomi) also shared a similar sentiment, to report that Dogecoin has the potential to surpass all the gains made by the flagship crypto this year. Meanwhile, crypto analyst Altcoin Sherpa has also predicted that Dogecoin will make a huge move later this year. He added that Dogecoin is one of the “safest bets” anyone can make in this cycle.
Others are not excluded
Crypto analysts have also made bullish arguments for other major meme coins, including Shiba InuAnd Flake (VLOKI)Analysts such as Javon brands have predicted that the second largest meme coin based on market cap it will drop another zero and rise to $0.0001553 in this market cycle.
More recently, crypto analyst Capt Toblerone said predicted that Shiba Inu could reach a new all-time high (ATH) as early as September, as he expects the meme coin to make another parabolic upward move based on his Elliott Wave Theory analysis.
Meanwhile, crypto analyst Timeless Crypto has made a bullish case for FLOKI as he predicted that the meme coin could make a huge run by the end of the year. He made this prediction while revealing that most of his meme coin spot pockets are in FLOKI.
Main image created with Dall.E, chart from Tradingview.com