The best meme coins to put on your watchlist in August

The ever-evolving meme coin sector could deliver surprises at any moment, with newly launched tokens registering potentially significant gains or established ones making waves due to impressive achievements.

In the following lines, we will discuss five such assets that may play a leading role in the next 30 days and explain why.

Dogecoin (DOGE)

The OG meme coin remains one of the most intriguing topics for industry participants. It has a strong community of devoted members, while a prominent supporter of the asset is Tesla CEO Elon Musk.

His comments about DOGE have often been followed by a significant resurgence in the token’s price, and it will be interesting to see if he revisits the topic throughout August.

Numerous analysts have predicted that Dogecoin is preparing for a new all-time high. X user Ali Martínez, for example, argued that the asset price has consolidated in a descending triangle in 2016 and 2021, followed by a massive bull run later.

He believes that the situation is quite similar today, expecting a significant increase in the near future. Furthermore, the analyst admitted that he has accumulated more DOGE lately, without selling a single coin.

JAVON MARKS was also bullish and predicted an ATH based on previous price breakouts. His prediction, however, calls for a price of $10, which seems beyond the bounds of reason, at least given current market conditions.

Shiba Inu (SHIB)

The second largest meme coin, with a current market cap of around $9.3 billion (according to CoinGecko data), is also worth watching this month.

Its recovery potential depends on multiple factors, including favorable market conditions and further advancement of the Shibarium Layer 2 blockchain solution.

The protocol went live last August and aims to elevate SHIB above its rivals in the meme coin niche by improving scalability, reducing transaction costs and improving speed.

Not long ago, it completed another huge milestone with the number of processed blocks surpassing 6 million. For more updates on the ecosystem, be sure to check out our Shibarium News.

PolitiFi Memes

Coin memes related to the leading US presidential candidates, Donald Trump and Kamala Harris, should also be put on your watchlist.

MAGA (TRUMP) generally experiences significant volatility whenever there are some major developments surrounding the Republican Party nominee. For example, the price of the token headed north shortly after Trump’s failed assassination attempt in mid-July.

KAMA, a meme coin linked to Kamala Harris, hit an all-time high of nearly $0.04 on July 24 following Biden’s withdrawal from the presidential race and his nomination as the Democratic nominee.

It is safe to assume that possible developments in the candidates’ campaigns over the next 30 days could cause additional price changes for the above-mentioned assets.

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