PEPE, Runes, Or FLOKI: What’s the Best Investment in April 2024?

Memecoin

  • PEPE, Runes, and FLOKI are entering into a heated run that could definitively establish the third-ranked memecoin after DOGE and SHIB.
  • The coins’ prices offer a discount entry point with a wide market rally led by BTC expected in the coming months.

With the crypto market beginning to flash bullish signs, investors are beginning to look for entry points in their favorite coins. Some of the leading candidates include PEPE, Runes, and FLOKI. All three are up-and-comers, are on offer for relatively low prices, and hold great potential for the future.

At the time of writing PEPE is trading for $0.000006757 after an 18% surge in the last 24 hours. Ranked 43rd, PEPE enjoys a market cap of $2.85 billion.  THORChain (RUNE) is up by 3% and is trading for $5.71. Ranked 54th, the coin has a $1.9 billion market cap. FLOKI on the other hand is trading for $0.0001749 after a 4.5% surge in the last 24 hours. Ranked 60th, the memecoin has a $1.6 billion market cap.

These data show that PEPE has taken the lead possibly due to its rising popularity among investors. But all three coins are beginning to flash bullish signs with all three offering early investors to bag huge profits in the coming months.

PEPE’s long-term trend is bullish, but short-term price movements are volatile. Indicators suggest a reversal is coming, with prices holding above a key support zone. Positive sentiment due to a recent price increase and healthy profit levels further support the long-term bullish outlook.

Viewed as a Shiba Inu rival, FLOKI offers investors a remarkable return on their investment. Floki Inu shows strong performance, up 521.75% in the last 3 months and 517.42% over the year. Despite high volatility, FLOKI has mostly trended upwards recently, recording 17 green days out of the last 30. With a majority of indicators pointing to a bullish outlook, investors are fairly confident of good returns in the long term.

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After recently breaking the $5 resistance, bulls are beginning to take control of RUNE prices. RUNE price has found support at the key level (200-day EMA) after a steep drop. Despite the correction, buyers are emerging and pushing for a rebound this week. Social dominance data further shows a spike, pointing to renewed investor interest.

It is important to note that the performance of the three coins could be swayed by Bitcoin and some large-cap coins. With Bitcoin expected to rally after the fourth successive halving, altcoins could follow the same trend. PEPE and FLOKI could ride the memecoin wave, with investors recently taking a keen interest in these types of coins.

With all three in different stages of project development and ecosystem growth, other factors including brand partnerships, network integrations, crypto exchange listings, and adoptions could greatly influence price performance. If the bullish trend enjoyed by the coins persists, all three could establish new all-time highs before the end of the year.

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