6 VanEck Meme Coin Index Price Predictions – BONK, DOGE, FLOKI, PEPE, SHIB, WIF

The crypto market entered the weekend experiencing another correction, and meme coins felt the impact, with top names like Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwhit (WIF) falling 3-5%. .

On Wednesday, VanEck launched a meme coin index tracking the performance of the top 6 meme coins: Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogwifht (WIF), BONK, and Floki. (FLOKI), with a cap of 30% on each asset.

Meme Coin Price Prediction – Top Analysts Are Considering VanEck’s Index

Cold Blooded Shiller, a popular analyst with over 274k followers, shared his meme coin price prediction yesterday. He viewed Pepe as the “strongest chart”, and said it had reclaimed a key resistance level. At press time Pepe is priced at around $0.0000083, down slightly from its March all-time high of $0.00001.

Little VanEck Memecoin Index Thread.

Most markets have either already reclaimed support/highs or are in a position to do so.

We’ll start with the strongest chart IMO, $PEPE,

Huge recovery and one of the first markets to break the first resistance overhead. pic.twitter.com/7wbIzYdGRp

– Cold Blooded Shiller (@ColdBloodShill) 10 May 2024

As for Bonk, Schiller called it the “second strongest”, reclaiming the same as Pepe but not yet breaking the next resistance. The price of BONK is trading around $0.000023, down 8% today.

On WIF, he pointed to a possible head-and-shoulders pattern, saying it is important to hold the $3.20 level, with real downside risk if it loses the $2.20 support. The price of WIF is currently around $3.04, down 5% over the last 24 hours.

Credibull, another popular analyst with almost 400k followers on X, also shared his bullish outlook on the price of Dogfat (WIF) today. He disclosed risk of $25,000 on the long position citing clear signs of spot absorption, as shown by on-chain cumulative volume delta (CVD) making lower lows, while WIF price made higher lows. Going to level.

risking 25k on $WIF Here for a long time.

We have clear spot absorption here as can be seen with Spot CVD making lower lows while price is moving to higher lows.

Meanwhile we have a lot of underwater shorts that were piled up last time we went down.

If the market is moving… pic.twitter.com/6lgaLaoGNE

– Credible Crypto (@CredibleCrypto) 10 May 2024

Additionally, Credibull reported that there appears to be a significant number of underwater short positions that accumulated during the last decline.

He believes that if the broader market is set to surge, WIF could experience sharp upward pressure due to these over-leveraged short sellers being forced to cover their positions. will be.

Furthermore, Schiller said Floki “needs to break 0.19” to potentially rally strongly. Floki price is trading around $0.00016, down 4%.

For Shiba Inu, he mentioned using a “well-honed diagonal pattern” and waiting for an impulse before accelerating. SHIB price is down 3.35% to around $0.000022.

$SHIB only one.

Very simple execution for this, using a very well honed diagonal, waiting for the impulse and then trusting it. pic.twitter.com/bEfZ6I1dMB

– Cold Blooded Shiller (@ColdBloodShill) 10 May 2024

Finally on Dogecoin, Shiller noted “troublesome” resistance around $0.165, but said it has stabilized after surpassing the March low, suggesting waiting for that move higher. DOGE is priced around $0.14 at press time, down 4.5% after failing to break $0.20 twice this year.

Ansvem, an analyst with nearly 400k followers on X, highlighted WIF’s massive growth, tweeting, “Never underestimate the power of crypto degenerates and the distribution of the internet.”

Never underestimate the power of CT and the distribution of the Internet, $WIF In the official VanEck index when its market cap was only $100k in December https://t.co/hGbw2hOErq

– Ansem 🐂🀄️ (@blknoiz06) 8 May 2024

He said WIF, which had a market cap of just $100k in December, has now secured a spot in VanEck’s official meme coin index.

Best Meme Coins to Buy Now

Jacob Burry, a popular YouTuber with 38k subscribers, posted a video about the top cryptocurrencies to buy today, highlighting dogverse As the top meme coins to buy right now.

Dogverse is a multichain infrastructure project that allows users to access tokens on six major blockchains: Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.

This multichain approach provides flexibility in choosing a blockchain based on individual needs in terms of cost and speed. Over $15 million has been raised so far in the presale, and this meme coin is preparing to launch on exchanges soon.

There is another new and popular meme coin in the presale WienerAI, which has raised nearly $1.5 million. WienerAI combines elements of artificial intelligence (AI) and a playful narrative, featuring a dog-sausage hybrid mascot.

It is designed as a utility project that uses AI technology to enable seamless swaps and serve as an AI-powered trading partner. Once the presale is over, it will launch on exchanges, but you can currently buy it at a discounted price of 1 $WAI = $0.000705.

conclusion

Overall, investors can potentially keep a close eye on the performance of top meme coins like DOGE, SHIB, PEPE, WIF, BONK, and FLOKI.

And last, but not least, new meme coins to watch like Dogverse and WienerAI could potentially provide an investment opportunity during their pre-sale stages.

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