Here’s Why These 5 Meme Coins Could ‘Do Big’ This Bull Cycle (Analyst)

TL;DR

Some memes including SPX and MOG may thrive in the near future due to their “stubborn” investors. Shiba Inu (SHIB), an asset that also has a strong community, could see a 145% price increase soon due to the break of a major resistance level. The potential factor

Meme coins are highly volatile and can be among the best during a bull cycle, posting double and even triple digit daily price increases. Popular X user Murad focused on five particular such tokens that may take center stage soon: SPX6900 (SPX), Gigachad (GIGA), Apu Apustaja (APU), Mog Coin (MOG), and HarryPotterObamaSonic10Inu (BITCOIN) .

The analyst believes that the aforementioned assets have “delusional, stubborn and relentless” holders, which can be of great importance for future price growth.

Murad stated that this is the exact reason why well-known cryptocurrencies such as Bitcoin (BTC), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA) and Chainlink (LINK) have witnessed substantial gains in the past.

It is worth noting that many of the meme coins represented have already accumulated significantly. Cat-themed MOG, for example, is currently worth $0.000001961 (according to data from CoinGecko), representing an impressive 3,300% year-over-year increase.

MOG Price, Source: CoinGecko

Meanwhile, SPX hit a new all-time high of $0.97 on October 29. It currently stands at around $0.87, representing a 3,600% increase in the last 12 months.

How about SHIB?

Speaking of “stubborn” headlines, Shiba Inu (SHIB) should be mentioned. The second largest meme coin is considered to have one of the strongest and most dedicated communities (consisting of investors, advocates, and developers).

Several crypto analysts think that SHIB is poised for a price explosion. An example is user X, The Don of Apes, who claimed that his rating has successfully broken an upward diagonal resistance level. Based on this, the trader expects a parabolic increase of 145% to $0.00004539 in the following months.

Meanwhile, the price of the meme coin is very much in the green today (October 30th), with some on-chain metrics pointing to another near-term rally. According to CryptoQuant, the SHIB supply stored on cryptocurrency exchanges is now at a three-year low. This could indicate a major shift from centralized platforms to self-custody methods, which reduces immediate selling pressure.

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