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The king of meme coins, Dogecoin, and the one with the best ecosystem, Shiba, have surprised popular experts. Another meme coin that caught the attention of everyone who expected better performance from these two giants is highlighted. Meme coins are inherently speculative, and investors should not forget that the price could go to zero one day while focusing on long-term goals.
Which is the Best Meme Coin?
By market value, the biggest is Dogecoin, but Shiba Coin is the one that has successfully built its own ecosystem. However, according to a popular crypto analyst, there is another meme coin that will outperform them all in terms of price performance potential. The analyst known as Altcoin Sherpa says that it has rebounded from a critical support level of $0.00000122 and likely has more room for growth.
Sherpa also claims that Pepe’s relatively low market value compared to DOGE and SHIB indicates that the memecoin has a greater potential for growth.
“PEPE: Based on the .786 fib (Fibonacci) level, I still have a position and plan to hold it for a while. Overall, considering the relevant market values, I think it probably outperforms DOGE and SHIB.”
At the time of writing, PEPE Coin price was $0.00000123. The analyst recently stated that it held a significant support level above the 200-day exponential moving average (EMA) for DOGE and is likely to break out in the upward direction.
Expert Opinion on MATIC and FTM Coin
The analyst also drew attention to Polygon, a layer2 scaling solution. He says that after Polygon failed to hold the $0.80 level last July, it will likely underperform in the medium term.
“MATIC: I haven’t checked this chart for a while, but I think it will probably underperform other networks in the medium term, to be honest. Other narratives like ZK/ARB-type networks are probably better options.”
Lastly, the analyst highlighted Fantom’s native cryptocurrency, FTM Coin. He says there will be a double bottom formation targeting $0.6 at the beginning of 2024 on the three-day chart.
“FTM: I don’t think it’s something actively tradable. However, it’s of interest, and it wouldn’t be surprising to see some kind of double bottom formation. This has been going on for years.”
