Best Crypto to Buy Now May 13 – Dogecoin, Shiba Inu, Pepe

Last updated: May 13, 2024 5:08 pm EDT | 3 minutes reading

Dogecoin, Shiba Inu and Pepe are on the list of the best cryptocurrencies to buy now. Image by cryptonews.com

As cryptocurrency markets rally ahead of a week packed with important US economic data releases, several meme coins are leading the pack and could be the best crypto to buy right now.

Bitcoin (BTC) last traded in the upper $62,000 range, up 2% on the day but still stuck in recent ranges.

US CPI and retail sales data released on Wednesday could shock the market and knock it out of its recent ranges.

As traders await macro catalysts, an unexpected theme came to the fore on Monday.

Legendary GameStop Meme Stock Investor (GME) Roaring Kitty reappeared on X for the first time since 2021.

Meme Stocks Rising Return Icon 2021 Has Resulted in a Rise in meme coin risk activity.

Meme coins are dominating the top-performing charts today. Here are some that might be the best crypto to buy right now.

Best crypto to buy now

Dogecoin (DOGE)

Dogecoin Growth Potential

On Monday I saw one 5% increase in the price of Dogecoin (DOGE) as traders speculated about the potential arrival of a new meme coin season.

As the oldest and largest meme coin by market capitalization, Dogecoin it is currently just under $0.15, boasting a substantial market capitalization of $22.2 billion.

Despite the current price, many enthusiasts believe DOGE could reach the coveted $1 mark, boosting its market value to more than $140 billion.

This exponential growth potential, representing a 6.5x increase over its current value, positions Dogecoin as one of the best cryptocurrencies to buy today for investors willing to embrace the volatility inherent in the meme coin market.

Shiba Inu (SHIB)

Shiba Inu (SHIB), currently the second largest meme coin by market cap, also presents itself as an attractive investment opportunity.

The recent 4% price increasecoupled with a potential bullish breakout of its pennant structure, suggests a possible rise towards the March highs above $0.000045.

Shiba Inu could be the best crypto to buy right now. Source: TradingView

Such a manifestation would represent an almost 100% increase over current pricefluctuating around US$0.000024.

With a market value of over $14 billion, Shiba Inu reflects the strength of Dogecoin in its vast and dedicated community of over 3.8 million followers. This strong community support suggests that Shiba Inu is well positioned to be the best crypto to buy today.

Pepe Coin (PEPE)

Pepe Coin (PEPE) reached new record highs on Monday, above $0.000011 per token.

Although it has since dropped to $0.000010, PEPE is still up 13% in 24 hours, according to CoinMarketCap.

If it returns to $0.000009, this could be an excellent support zone to buy.

Pepe could be the best crypto to buy right now. Source: TradingView

A still modest market capitalization of $4.2 billion suggests Pepe has more room to compete.

PEPE could easily become a 20 billion dollar meme coin in the coming years. Potential gains of 5x make it one of the best cryptocurrencies to buy right now.

Exciting Meme Coin Presale to Consider – Dogeverse (DV)

All the meme coins mentioned above can generate solid 3-5x earnings.

But if meme coin investors want to make 50-100x gains, they need to focus on newer/lesser known coins.

Cryptonews analysts are excited about a new meme coin, Dogeverse (DV), which is available for presale and has new cross-chain capabilities.

Dogeverse distinguishes itself from other meme coins by its multi-chain approach, launching on six of the most widely used blockchains (excluding Bitcoin) and incorporating multi-chain bridging capabilities.

The strategic decision could position Dogeverse as a pioneer in the competitive meme coin market, capitalizing on the diverse blockchain ecosystem.

The project has already attracted considerable attention, raising more than $15 million in pre-sale funding.

Its multi-chain accessibility and ambitious vision suggest that Dogeverse has the ingredients for viral success, attracting investors eager to participate in its pre-sale phase.

Visit Dogeverse here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You can lose all your capital.

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