Best Crypto to Buy Now May 13 – Dogecoin, Shiba Inu, Pepe
As cryptocurrency markets rebound ahead of a week packed with important US economic data releases, various meme coins are leading the pack and might be the best crypto to buy now.
Bitcoin (BTC) was last trading in the upper $62,000s, up 2% on the day but still stuck within recent ranges.
US CPI and Retail Sales data out on Wednesday could shock the market out of its recent ranges.
⚠️WHAT’S YOUR BET FOR THIS WEEK’S US CPI INFLATION REPORT?
ESTIMATE: 3.4% Y/Y (PREV. 3.5%) pic.twitter.com/xwlBgHKU1m
— Investing.com (@Investingcom) May 12, 2024
As traders await macro catalysts, an unexpected theme has jumped into focus on Monday.
Legendary GameStop (GME) meme stock investor Roaring Kitty resurfaced on X for the first time since 2021.
The icon of the 2021 meme stock surge’s return has resulted in a surge in meme coin risk-taking activity.
Meme coins are dominating the top performer charts today. Here are some that might be the best crypto to buy now.
Monday saw a 5% surge in Dogecoin (DOGE) price as traders speculated on the potential arrival of a new meme coin season.
As the largest and oldest meme coin by market capitalization, Dogecoin currently sits just under $0.15, boasting a substantial market cap of $22.2 billion.
Despite its current price, many enthusiasts believe DOGE could reach the coveted $1 mark, propelling its market cap to over $140 billion.
This potential for exponential growth, representing a 6.5x increase from its current value, positions Dogecoin as one of the best cryptos to buy today for investors willing to embrace the volatility inherent in the meme coin market.
Shiba Inu (SHIB), currently the second-largest meme coin by market cap, also presents itself as a compelling investment opportunity.
The recent 4%
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