With Bitcoin once again above its $80K level, the market has started to recover again. And as one of the leading meme coins on the market, Shiba Inu price has seen a tremendous growth of 3.47% at the time of writing.
However, investors shouldn’t fool themselves into a sense of security because we aren’t out of the woods yet. The recent surge could be a bull trap in the making for all we know, which is why investors should keep a sharp eye on other assets that could have a high value soon.
3 Best Cryptos to Ride Shiba Inu’s Recovery Wave
Floki Inu (FLOKI)
The meme coin closest to Shiba Inu in terms of looks and utility is Floki. Previously known as Floki Inu, this Norse-themed doge-based meme coin has also been on the receiving end of a major pump. It has risen by over 5% in the last 24 hours and is currently trading around the $0.00008 mark.
While its market cap is below $1 billion, Floki’s midcap nature makes it the perfect token that could go through massive upswings as the market gets more volatile. Furthermore, the last 24 hours show that the trading volume has reduced by over 11%, indicating people are waiting for another bullish price action for Floki.
Is there a possibility for the Floki price to grow? There is a high probability, especially since the Valhalla mainnet is set to launch very soon. With this P2E ecosystem going live, more investors may want to check out a blend of DeFi and gaming like it promises.
The official website for Valhalla is up and players can already take a look at an open-world multiplayer that allows them to create clans, complete quests and earn $FLOKI tokens.
The release date may be announced very soon as well, which could lead to the FLOKI price going through another pump.
BTC Bull (BTCBULL)
Shiba Inu price rush to the top is largely due to the recent Bitcoin recovery, which is the result of a strong community engineering a panic rally. BTC Bull is a meme coin project that encapsulates the ethos of such a community.
With a muscular bull wearing a special forces outfit as its mascot, BTC Bull is a new meme coin project whose sole purpose in the cryptocurrency space is just one – create a bullish army behind Bitcoin so that it could race to the $1 million mark.
The idea behind this cryptocurrency is following the growth of Bitcoin and letting investors earn from this growth. This direct approach to tapping into Bitcoin’s growth makes it one of the meme coins to leverage Shiba Inu’s pump, which has only passively followed Bitcoin’s trends.
BTC Bull created its entire ecosystem and milestones to follow Bitcoin’s growth and unlock certain attributes.
Every time the price of Bitcoin rises by $25K past the $100K mark, BTC Bull will either burn the tokens from the total supply or airdrop BTC tokens to investors. And once Bitcoin reaches $250K, which many investors have already talked about, BTC Bull will give a BTCBULL airdrop.
For a meme coin to directly follow Bitcoin’s trend is not uncommon, but for a meme coin to only rely on that, is. As a social crypto with no other use case, BTC Bull could be a degen favorite meme coin, surging ahead of other assets during the bull market.
Official Trump (TRUMP)
For investors looking for a high-cap meme coin that could take the most advantage of Shiba Inu’s latest price action, Official Trump could be a good buy. Once the second-biggest meme coin by market capitalization, which TRUMP became a day after launch, the price of this token has reached closer to its lows.
However, the recent bull wave has had a parabolic action on this project, leading the TRUMP price to rise by more than 19% in the last 24 hours. With a market cap of over $2.7 billion and a price of $13, TRUMP is a blue-chip meme coin likely to generate more buzz as we head into the bull market.
While the community of this meme coin is limited, the actions of US President Donald Trump could directly have an impact on its value. And considering the number of populist moves Trump has made, Official Trump trying to retest its all-time high is a big possibility.
Final Words
Shiba Inu price’s 3.47% recovery signals market upturn. Consider FLOKI, BTCBULL, and TRUMP for potential gains, as SHIB price trades amid volatility.
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