The October 14-20 week showed the volatility of the meme coin market as Dogecoin, Shiba Inu, and Pepe emerged as the top gainers. Community-driven meme coins have seen some surge and celebrity endorsements gathered momentum for some others. As the geopolitical scenes change due to the US election, investors are closely monitoring the market gap growth and price changes.
Based on that here are the top meme coins to bank on.
1. Dogecoin (DOGE)
Price change: Dogecoin is continuing with its surge by gaining 25.18% this week and as of Friday (October 18) $DOGE stands at $0.1357 billion trading volume in the last 24 hours.
**News: **The meme coin was showing a market cap of $19.90 billion on Friday with $2.2 billion trading volume in the last 24 hours. Dogecoin is in the green zone, rising across all time frames. In the 24 hours leading up to October 18, it gained a 10% and is on the verge of a massive breakout.
**Forecast: **Analysts predict that DOGE will continue the momentum and move past the $21 billion in market cap to reach the $0.16 trading point as it achieved multiple breaks of structure (BOS) which indicates a potential breakout. The meme coin could reach an all-time high if Trump wins the US election and Elon Musk creates the Department of Government Efficiency (DOGE)
2. Shiba Inu (SHIB)
**Price change: **This dog-themed meme coin SHIB is currently trading at $0.00001884 which is a 6.68% increase compared to last week.
News: Shiba Inu has a market cap of $11.01 billion with $514.9 million trade volume in the last 24 hours. The dog-themed meme coin has been trading down by 3.41% on October 18.
**Forecast: **According to analysts, this meme coin is slated to go through some transformation due to a change in the governance structure ushered in by the SHIB Doggy DAO Foundation. This is already showing in how SHIB has from $0.0000185 to its high point this week in the last 24 hours.
3. Pepe (PEPE)
Price change: The deflationary meme coin Pepe (PEPE) has surged 5.88% this week reaching the trading level of $0.00001045. As of October 18, it has gained 3.15%
**News: **PEPE had a market cap of $4.40 billion this week with a trading volume of $871.60 million. The meme coin token has a market dominance of 0.19% with the price increasing 1.88% in the last 24 hours on October 18. The meme coin has sustained a long-term upward momentum as its 14-day Relative Strength Index (RSI) is 42.74 which shows neutral territory. PEPE’s 200-day simple moving average (SMA), is currently 844.46% higher than the 200-day SMA of $0.051101.
**Forecast: **PEPE’s average monthly price in October will be $0.00002093 with a possibility of 186.11% in the next month when it breaks into $0.00003398 level. Analysts have put Pepe as one of the best crypto to buy this week because of this 228.38% price rise forecast.
4. Dogwifhat (WIF)
Price change: The Dogwifhat (WIF) meme coin price reduced by 1.74% this week as it trades at $2.63 as of October 18.
News: This Solana meme coin is following a do-or-die pattern this week as its price is up but the gap between the high and low levels is not that big. On Friday its market cap WIF was $2.63 billion market cap with a trading volume of $472.54 million.
**Forecast: **Analysts say if WIF continues with the rising wedge pattern of movement it could rebound to $3.1. However, with possible correction, it can go as high as $3.20. Hence, it would be pragmatic for crypto traders to focus on $2.50 support for Dogwifhat.
5. Bonk (BONK)
Price change: The social layer and community meme coin Bonk (BONK) is up 10.41% this week as it traded at $0.00002353 on October 18.
**News: **This Solana-based meme coin has broken into the 100 largest crypto assets in the last 24 hours as its trade volume reached $212.84 million on Friday. Bonk showed a market cap of $1.75 billion. There has been a 30% increase in its trading volume which indicates a growing market interest in this meme coin.
**Forecast: **Bonk could break its current resistance level if it continues in the well-formed rounded bottom pattern. Despite the 3% pullback that kicked in October 17, Bonk could still make some gains because it has an RSI of 59.86. Analysts say that Bonk is up for the next resistance level of $0.00002470.
6. Floki (FLOKI)
Price change: Utility meme coin Floki (FLOKI) has gained 10.44% this week to trade at $0.000153 as of October 18.
**News: **Although its price went down thrice this week, it soared 16% over the week to reach the $0.000155 resistance level. Recent developments like the announcement of Hafthor Bjornsson as the official ambassador for its revolutionary MMORPG, Valhalla have sparked an interest in this dog-themed meme coin. At present, its market cap stands at $1.47 billion with a trade volume of $251.75 million.
**Forecast: **FLOKI experienced a major surge in its price several times in the last week, including the 4% daily increase in the last 24 hours leading up to October 18 but the token’s technical indicators suggest that FLOKI is still suffering a bearish wave. If the holders continue to sell, floki could keep going down to the oversold zone. Despite the bearish sentiments, there is an opportunity to buy the dip as the price drop slowed down as it reached the $0.000150 level
7. Popcat (SoL)
**Price change: **This meme coin experienced a 6.87% price increase to trade at $1.40 this week.
News: Popcat (SoL) is one of the meme coins maintaining a rising channel pattern with a triangle breakout rally. The meme coin has a market cap of $1.38 billion this week with a trade volume of $128.06 million. Over the last 30 days, the market value has almost doubled. The rising channel pattern is facing resistance of nearly 1.27 to the Fibonacci level at $1.35 to sustain bullish dominance.
Forecast: SoL could see a price jump of 50% hitting the $2.03 level based on its Fibonacci level and the price pattern. If the bullish sentiment continues Popcat can even reach the $4.41 showcasing a 227% price rise. Hence, the Popcat must-buy trend continues this October.
8. Brett (Based) (BRETT)
**Price change: **The comic character-based meme coin BRETT has surged 24.07% this week to reach the $0.111 point.
News: Brett (Based) earned massive gains this week which pushed its market capitalization to $1 billion from the 800 million mark last week. The meme coins trade volume reached $86.36 million on October 18 which represents a 7.5% gain in the last 24 hours. pushing its market capitalization up significantly from $800 million to over $1 billion.
**Forecast: **Analysts estimate that Brett(Based) could reach its all-time high if it gets listed in Binance or Coinbase. At present, BRETT’s bullish growth is built on the community’s steady interaction on social media which is making its price increase organically.
9. Mog Coin (MOG)
**Price change: **The Ethereum blockchain-built meme coin Mog Coin has soared 27.13% this week reaching $0.052144 on October 18.
**News: **Mog coin has been listed as the next crypto to explode as its trading volume increased 34.49% to reach $32.37 million. This meme coin’s market cap touched $825.2 million on October 18. MOG had been the third-highest crypto gainer this week with many celebrities investing in it. But its $833 million market cap is making investors think its too late to invest in Mog Coin.
Forecast: Like BRETT, MOG’s surge is due to its community-based social media engagement. Analysts predict that this meme coin can reach a $4 billion valuation in the next 6 weeks.
10. First Neiro On Ethereum (NEIRO)
Price change: NEIRO has experienced a 14.67% gain this week as it traded at $0.002012 on October 18.
News: NEIRO is the fastest growing meme coin eyeing a $1 billion market cap. At present, the meme coin has a $848.71 million market cap and a trading volume of $356.30 million. It recently crossed the $900 million market cap mark.
**Forecast: **With substantial liquidity and a bullish trend, $NEIRO could potentially continue to rise, aiming for market cap targets of $1.5 billion or even $2 billion, suggesting the potential for a 2x to 3x increase from its current level. Analysts say it could reach the $0.00250 mark if it breaks the current resistance level. But if it doesn’t then it will find support at $0.00195 and $0.00162 level.
Overall, the meme coin market has experienced notable surges across several tokens, with coins like Dogecoin and Pepe showing strong bullish trends. While some tokens, such as Dogwifhat and Floki, have encountered minor pullbacks, the overall outlook remains positive, driven by strong community support and speculative interest. Analysts are optimistic about the future, predicting further growth, particularly for coins with active development and high social media engagement.