In the last 24 hours, the cryptocurrency market has seen a slight dip in its performance. After rallying the previous day, its total capital is now at $2.49 trillion. Major cryptocurrencies, such as bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are all down with it. Meme coins may offer traders a way to get a big jump in the near future. Although these cryptocurrencies can be volatile, they often offer big opportunities for gains. We've compiled a list of 5 meme coins that are likely to explode. This includes meme cryptocurrencies that have the potential to cause market-beating rallies.

5 Next Meme Coins to Explore

1. Shiba Inu (SHIB)

SHIB has fallen by 3% over the last 24 hours to $0.00003719. This is a 21% decrease in the past week and a 35% decline over the last 30 days.

SHIB is also down 56% compared to its October 28 all-time high $0.00008616. This decline puts SHIB in a strong position to rebound strongly once the market recovers. Its relative strength index (in purple) hovers just above 50, which suggests that it is on the verge of rising again. Its 30-day moving average (in blue) recently rose above its 200-day average. This could indicate a possible new breakout.

SHIB has the distinction of being, alongside dogecoins (DOGE), one of the most popular meme coins on the market. This means that the coin has a large community of supporters and holders who are ready to pump it at any moment.

Reddit now has around 447,000 subscribers, compared to 200,000 in August.

It continues to receive positive endorsements and news items. Newegg, a retailer, announced that it will accept payment in SHIB starting early December.

We'll be officially accepting @Shibtoken in by early December via @BitPay https://t.co/MR2ydiQpq6 pic.twitter.com/MyuxHSIjVw

-- Newegg (@Newegg) November 30, 2021

Newegg hasn't yet rolled out SHIB payment. SHIB will rally when it does. It's why it's one our 5 next meme coin to explode.

2. Dogecoin (DOGE).

The DOGE has fallen 0.4% over the last 24 hours to $0.180028. This price represents a 16% decrease compared with seven days ago and a 32.5% decline compared to last year.

DOGE's indicators look very similar to SHIB's. The RSI is just below 55. However, the 30-day average is now above its 200-day. Although this may signal a rally, the market is in so much uncertainty right now that it's difficult to be certain.

DOGE, another meme coin, continues to have a large community. Its Reddit page now has 2.2 million subscribers, a rise of 177,000 from the beginning 2021. It already accepts it as payment from Newegg, which has been doing so since April.

It also gets endorsements and promotions, just like SHIB. This is Binance's CZ, one of the most prominent.

Enter: Retweet Follow @elonmusk and @binance

The winner will be the team with the best answer. pic.twitter.com/A2VLB6fh4a

CZ Binance (@cz_binance), November 29, 2021

3. CumRocket (CUMMIES).

According to CoinMarketCap, CUMMIES has increased by 15% at $0.02312. This is a 17% drop over the last seven days and a 59% decrease in the month.

The chart of CUMMIES shows that the stock has fluctuated between up and down over the last few months. These changes and falls occurred in a short time span, so it is important to evaluate the merits of buying.

The cryptocurrency could have long-term prospects, however. Its native CumRocket platform, which is hosted on the Binance Smart Chain allows users to pay for adult content with CUMMIES (or non-fungible tokens). This could be a profitable business, especially if Web 2.0 sites like OnlyFans lose popularity or restrict their adult content (although OnlyFans has since retracted its earlier plans to ban such content).

4. Spell Token (SPELL)

SPELL has risen by 9% over the past 24 hours to $0.01842711 It has increased by 36% over the last seven days and 5.7% over the past fortnight. It has fallen by 34% over the last month.

SPELL's indicators indicate that it is a good time for buying. The 30-day moving average shows good momentum. However, its RSI also indicates that it's not overbought at the moment.

The meme coin is the governance token of the Ethereum-based Abracadabra.money DeFi platform. This platform allows users to stake collateral to create magic internet money (MIM), which is a stablecoin that can be pegged to the US Dollar. Users can stake SPELL to create eSpell, which gives them governance rights and other rewards.

SPELL is basically a meme coin in the sense that its native platform, which is magic-themed, refers to it. The total value of the latter is currently $4.9 billion, an increase of $1.1 billion from October's start.

This suggests that SPELL could continue rising in the near future. SPELL is one of the 5 next memes to explode.

5. Baby Doge Coin (BABYDOGE).

BABYDOGE has fallen by 3% over the last 24 hours to $0.000000001631 It also fell by 34% over a week, and by 47% over a month.

BABYDOGE's 30 day moving average suggests it may be on the verge of a breakout. The average has been well below the 200-day average for over a week, which suggests that it is oversold and not overbought.

BABYDOGE, unlike the original dogecoin has a maximum supply cap. It could end up being deflationary over the long-term if there is a steady rise in demand.

BABYDOGE is a smaller community than DOGE. Its Reddit page has grown from 1,000 to 8,500 members in less than six months. That's not bad.

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By: Simon Chandler
Title: 5 Next Meme Coins to Explode December 2021 Week 2
Sourced From: insidebitcoins.com/news/5-next-meme-coins-to-explode-december-2021-week-2
Published Date: Wed, 08 Dec 2021 10:45:56 +0000