Bitrabo Editorial
Cryptocurrency specialist Andrew Kang is optimistic about meme coins, particularly Dogecoin (DOGE) and Shiba Inu (SHIB), highlighting their potential for significant gains in the upcoming year-end rally.
Meme Coins Poised for Growth
In a recent post on X (formerly Twitter), Kang suggested that meme coins represent a substantial portion of tokens that could reach new highs. He emphasized the importance of being discerning among the numerous meme coins available. Kang expressed his positive outlook on meme coins while indicating that a limited number of coins might experience an uptrend by the end of the year.
Regarding Dogecoin, Kang believes it has the potential to achieve new highs towards the end of this year or the beginning of the next. He also mentioned the possibility of Dogecoin having its own Exchange-Traded Fund (ETF) and remarked on the improved odds of a “DOGE ETF” coming to fruition with regulatory clarification on the horizon.
Various crypto analysts, including Crypto Kaleo, have projected that Dogecoin could outperform Bitcoin in the current market cycle, citing the ongoing meme supercycle as a contributing factor. Kevin, another crypto analyst, echoed these sentiments by suggesting that Dogecoin could surpass Bitcoin’s gains this year. Altcoin Sherpa also predicted significant movement from Dogecoin later in the year and labeled it one of the safest bets in the cycle.
Positive Outlooks for Other Meme Coins
In addition to Dogecoin, experts have also provided optimistic forecasts for other leading meme coins like Shiba Inu and Floki (FLOKI). Analyst Javon Marks believes Shiba Inu, the second-largest meme coin by market cap, could witness a surge, potentially reaching $0.0001553 during the current market cycle.
Capt Toblerone, a crypto analyst, has predicted a new all-time high (ATH) for Shiba Inu in September based on his Elliott Wave Theory analysis. Meanwhile, Timeless Crypto has expressed confidence in FLOKI, anticipating a notable rise in the meme coin’s value by year-end.