10 Meme Coin Price Predictions for 2023
2023 has been a blockbuster year for blue-chip cryptocurrencies.
Bitcoin (BTC) is up a staggering 80% year-to-date.
Ether (ETH) is up 58% over the same time period.
But the picture has been more mixed for meme coins.
Some have done very well, but others have struggled, suggesting risk appetite remains cautious and animal spirits are yet to fully return to the crypto space, despite the strong performance of the major coins.
Let's have a look at the outlook for some of the top tokens with 10 meme coin price predictions for 2023.
Despite the fact that blue chip cryptocurrencies like bitcoin have recently been probing for fresh yearly highs, the outlook for the crypto market’s biggest meme coin remains bearish.
Dogecoin has remained stuck below most of its major moving averages and below a downtrend from the 2021 record highs.
Hype that Elon Musk might integrate Dogecoin somehow into a future Twitter payments system has pretty much petered out.
Dogecoin faces significant resistance in the $0.075 area and could fall back to yearly lows around $0.05 before the end of 2023.
Shiba Inu (SHIB), the second largest meme coin by market cap and a copycat version of Dogecoin, has a slightly better near-term technical outlook.
It recently broke above a medium-term downtrend and if it can hold above its 21 and 50-Day Moving Averages, a pushback above $0.0000084 resistance and back towards $0.000010 is on the cards before the end of 2023.
Wall Street Memes, one of the internet’s hottest retail investing communities, rose to prominence in the meme stock craze of 2021 and has recently been expanding its relevance in the cryptocurrency space with the presale of its new $WSM token.
The success of the $WSM presale, which has raised $14.5 million in just
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