Must have meme tokens after Elon Musk bought Twitter

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elon musk

Prior to buying Twitter, Elon Musk hinted that he would start his own Twitter-like platform, where there was a suggestion that it would include a Dogecoin tip jar. 

After Elon Musk bought Twitter for $44 billion, we might see him add support for the DOGE token in the tip jar feature, alongside other meme-tokens.

On March 14, 2022, Elon Musk posted a tweet where he said that he would not be selling his Dogecoin (DOGE) tokens.

As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high.

I still own & won’t sell my Bitcoin, Ethereum or Doge fwiw.

— Elon Musk (@elonmusk) March 14, 2022

For the time being, the digital currency markets jumped in value, and crypto meme tokens saw a significant spike in value. Specifically, the meme-token economy has jumped close to 10% higher after the Dogecoin spike fueled this increase.

As such, today, we are going to go over some of the best meme-tokens that you can buy, which have the potential to increase further in value.

Dogecoin DOGE/USD, Shiba Inu SHIB/USD, and Dogelon Mars ELON/USD could be some of the best options you currently have, so let’s dive in.

Should you buy Dogecoin (DOGE)?

On April 26, 2022, Dogecoin (DOGE) had a value of $0.1648.

doge usd

When we go over the all-time high of the token, Dogecoin (DOGE) had its ATH on May 8, 2021, when it reached a value of $0.731578. Here, we can see that the token was $0.566778 higher in value, or by 344% at its ATH.

Looking at how the token performed throughout the previous month, Dogecoin (DOGE) had its lowest point on March 15 at $0.111.

Its highest point was on March 18 at $0.1521. Here, we can see that the token increased in value by 37%, or by $0.0411.

With this in mind, DOGE can reach $0.2 by the end of April, making it a solid token to buy.

Should you buy Shiba Inu (SHIB)?

On April 26, 2022, Shiba Inu (SHIB) $0.00002441.

shib usd

Looking at the token’s all-time high, Shiba Inu (SHIB) had a value of $0.00008616 on October 28, 2021. At its ATH, the token was $0.00006175 higher in value or by 253%.

However, when we look at how the token performed throughout the previous month, Shiba Inu (SHIB) had its lowest point on March 15 at $0.00002139.

Its highest point was on March 28, when the token increased to $0.00002904. This marked an increase in value of $0.00000765 or 35%.

With this taken into consideration, SHIB can reach a value of $0.000034 by the end of April.

Should you buy Dogelon Mars (ELON)?

On April 26, 2022, Dogelon Mars (ELON) $0.0000011.

elon usd

When it comes to the all-time high point of value, Dogelon Mars (ELON) achieved its ATH of $0.00000259 on October 30, 2021. This gives us an indication that at its ATH, the token was $0.00000149 higher in value or by 135%.

Going over the performance of the token throughout the previous month, Dogelon Mars (ELON) had its lowest point on March 15, when it decreased to $0.000000664.

Its highest point was on March 28, when it increased to $0.00000122. Here, we can see that the token increased in value by $​​0.000000556 or by 83%. With this in mind, we can expect ELON to reach $0.0000020 by the end of April.

The post Must have meme tokens after Elon Musk bought Twitter appeared first on Invezz.

from Market Analysis – Invezz

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