Dogecoin Rally Reignites Meme Coin Frenzy, Expert Reveals The Best Choices
The Dogecoin price has rallied more than 10% off the recent crypto market recovery and this has reignited the meme coin frenzy. So far, a large number of meme coins have seen their values skyrocket, with the likes of MemeFi and MOODENG already up over 200% in the last week alone. As the Dogecoin rally continues, more meme coins are expected to outperform and at this junction, some meme coins have more potential to rally than others.
Crypto trader Unipcs, also known as the ‘Bonk Guy’ on X (formerly Twitter), has revealed his top meme coin picks of the cycle. The trader became popular with his BONK long position, whose PNL rose over $13 million at one point. Unipcs continues to make winning trades publicly, and thus, his meme coin picks have become some of the hottest tokens of the cycle.
BONK Maxi Says The Meme Coin Is Not Done Yet
BONK remains at the top of Unipcs’ list, being the original meme coin that brought him fame. However, it goes just beyond being famous for longing BONK as the crypto trader explained that his conviction in the meme coin remains very high.
Related Reading: Forget Dogecoin, Analyst Says Solana Meme Coin “BONK” Is About To Explode
In an X post, he explains that the 70-90% corrections are normal for BONK, and the meme coin has managed to actually make a new all-time high after each one. Given this, the trader believes that BONK is also going to recover from here and reach all-time highs. Interestingly, Unipcs has revealed previously that he continues to hold his BONK long trade, meaning the trade has been running for more than a year now, with over $1 million paid in fees already.
FLOKI Still In The Game
Another meme coin that the crypto trader has shown a high level of conviction in is FLOKI, revealing that it’s his biggest meme coin bag in spot. This meme coin which was named after Elon Musk’s dog was the only top meme coin to make a new all-time high in 2024, showing a high level of conviction from investors.
Unipcs said in April that FLOKI is incredibly undervalued, giving multiple reasons for this. This included the fact that it was listed on all major crypto exchanges, an ETP filing, as well as being the most popular meme coin on the BNB Chain. As a result, he sees the price reaching a new all-time high as well.
Fartcoin Joins Meme Coin Race
Fartcoin is one of the most recent additions to the crypto trader’s lineup, securing a long position with a PNL of over $5 million. Despite the meme coin having rallied more than 400% from his entry, the crypto trader still believes that Fartcoin has more ways to go.
In a post, he points out that Fartcoin has the highest mindshare of this era and is expected to make new highs as Bitcoin continue to rise. “Sometimes, you need to look beyond the imaginary lines on your chart and think about what could happen when things get crazy,” Unipcs wrote.
Other meme coins that have made it on the trader’s radar include POPCAT and, more recently, a tweet of a new long position taken in a meme coin. While Unipcs did not reveal the name, from the chart posted, his followers quickly deciphered that the crypto trader has likely longed PNUT, which is already doing quite well.
Featured image from Dall.E, chart from TradingView.com
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