- Crypto expert Andrew Kang has recently made a compelling argument for meme coins.
- He believes that tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) could see significant gains during the year-end rally.
- Kang stated that while most altcoins might have peaked this cycle, certain meme coins still have high potential.
Discover why crypto expert Andrew Kang is bullish on meme coins like Dogecoin and Shiba Inu, and what other analysts think about their potential for the year-end rally.
Why Meme Coins Could Be the Biggest Gainers in the Year-End Rally
According to Andrew Kang, meme coins such as Dogecoin and Shiba Inu have substantial room for growth. In a recent post on X (formerly Twitter), Kang suggested that these coins are among the few that could reach new highs by the end of the year. He emphasized the importance of being selective due to the large number of meme coins available.
The Bullish Case for Dogecoin
Dogecoin stands out as a significant contender for potential new highs. Kang has posited that Dogecoin might even see its own ETF in the future, given the increasing regulatory clarity. Analysts like Crypto Kaleo support this view, asserting that Dogecoin will outperform Bitcoin in the current market cycle. Crypto analyst Altcoin Sherpa also recommends Dogecoin as one of the safest bets in this cycle, predicting a massive move by year’s end.
Shiba Inu’s Potential Parabolic Move
Other analysts are equally optimistic about Shiba Inu. Javon Marks has projected that Shiba Inu could rise to $0.0001553 during this market cycle. Capt Toblerone, a crypto analyst known for his Elliott Wave Theory analyses, forecasts a new all-time high for Shiba Inu as early as September, driven by its next parabolic move. This adds credibility to Kang’s bullish outlook on meme coins.
Floki Inu Also in the Limelight
Floki Inu (FLOKI) is another meme coin catching analysts’ attention. Timeless Crypto has predicted that FLOKI could make a substantial run by the end of the year. With most of his meme coin investments concentrated in FLOKI, Timeless Crypto’s bullish stance adds another layer to the positive sentiment around meme coins.
Conclusion
In summary, while Andrew Kang and other analysts believe that most altcoins may have peaked this cycle, meme coins like Dogecoin, Shiba Inu, and Floki Inu still offer significant growth potential. These tokens could be among the biggest gainers in the anticipated year-end rally, making them noteworthy assets for investors to watch.
