With the price of Bitcoin reclaiming the $60k level, the crypto market has experienced a strong bullish recovery. The memecoin category has recorded the highest gains, with many tokens surging by up to three digits. In this article, we cover the top three meme coins that have the potential to outperform the top cryptocurrencies during the fourth quarter.
WHY (WHY)
Amid increased price volatility, the WHY price has added 5.25% in 24 hours and 10.47% over the past week. Moreover, it has surged ~30% since its inception. With a market cap of $120.95 million, it has secured the 284th position in the global crypto list. The Simple Moving Average (SMA) has recorded a strong bullish curve in the 4H time frame, highlighting increased buying pressure for the altcoin in the market. Moreover, the RSI has breached the overbought range, suggesting that the price will continue gaining value. If the market continues to trade under bullish sentiment, the WHY price will prepare to test its upper resistance level of $0.0000003330. On the flip side, a bearish reversal could pull the price toward its low of $0.000000270.
Mog Coin (MOG)
Despite recording a negative price action over the past month, the MOG price has gained significant attention from the crypto space. Moreover, with a YTD return of ~1,900%, this meme coin is one of the best-performing projects of this year. The Moving Average Convergence Divergence (MACD) has displayed a weak bullish action in the market. Further, the technical indicator has recorded an increase in the selling pressure, highlighting a potential short-term pullback for the memecoin. Maintaining the price above its resistance level of $0.00000009820 could set the stage for the MOG price to head toward its upper level of $0.0000015420. However, a bearish action could pull the price toward its low of $0.000000680.
First Neiro on Ethereum (NEIRO)
Since its listing on Binance, this memecoin has taken over the crypto market by storm. Notably, it has surged 1,161% over the past week and has a Year-to-Date (YTD) return of 18,444.10%, making it the best-performing memecoin of 2024. The Relative Strength Index (RSI) continues hovering close to its overbought range in the 1H time frame, indicating a strong bullish sentiment for the altcoin. Further, the SMA acts as support to the NEIRO price chart, suggesting a bullish outlook for the memecoin. If the bulls continue to gain momentum, the First Neiro on Ethereum price will prepare to test its upper level of $0.001. Conversely, a bearish reversal could pull the price toward its low of $0.00060.
The memecoin market shows significant growth signs in light of the overall crypto market recovery. WHY, MOG, and NEIRO display strong performance, making them interesting to watch in the fourth quarter of 2024.
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