With the second quarter just days away, the cryptocurrency market now stands on the cusp of its next bull run.
From the looks of things, it appears that meme coins will once again be among the top performers and are featuring heavily among experts’ lists of best cryptos to buy.
However, smart money investors are realizing profits and selling recent high-flyers like Fartcoin, hoping to buy them at cheaper prices later. Meanwhile, they are buying undervalued coins like Popcat and new viral meme tokens like BTC Bull.
Why It Is Time To Sell Fartcoin?
Fartcoin has been the hottest commodity in the meme coin space since the market-wide local bottom on March 10th.
After trading as low as $0.198, it rallied by nearly 220% to hit $0.63.
However, Fartcoin has now hit the overbought territory in the 4-hour timeframe and has since started to pull back, with its price falling to $0.52 on Wednesday.
Prominent analyst Ali Martinez has also identified the formation of a head-and-shoulder pattern, a bearish signal for meme coins.
More crucially, the Fartcoin price appears to have formed a double top at $0.62 – $0.63. If true, the meme coin could retest the key $0.40 level before further bullish continuation.
Fartcoin’s current bullish outlook makes sense. Investors tend to lock in profits after a 220% rally during an uncertain broader market outlook.
Therefore, a strategy that involves taking profits on Fartcoin and re-entering near the $0.40 mark could be ideal for maximizing returns.
Time To Buy Popcat Again?
Popcat is back in experts’ lists of best cryptos to buy. The Solana-based meme coin appears significantly undervalued, currently trading at just $0.23 with a market cap of $230 million — nearly 90% below its all-time high.
However, it is finally back above its 4-hour 200 EMA, a key moving average, flipping which indicates significant bullish momentum in meme coins. Fartcoin flipped this level at $0.39 and proceeded to nearly double in value in a few days.
The 50-day EMA at $0.27 is the next target for Popcat.
Prominent analyst Ali Martinez also believes that a macro bottom in Popcat is near, even though the meme coin could see a further downside in the coming days.
New Viral Meme Coin BTC Bull Also Among The Best Cryptos To Buy
Smart money investors aren’t hesitating to bet on unique low-cap crypto assets. With a massive surge of capital expected in the crypto market in Q2, low-cap gems could deliver outsized returns in the coming months.
Investors are already capturing 100x returns. For instance, an early GHIBLI buyer turned his $433 investment into $50,760 in just 10 hours.
Prominent analysts are expecting similar returns from BTC Bull (BTCBULL), a one-of-a-kind Bitcoin-themed meme coin.
Unlike most new meme coins, BTCBULL has established its long-term viability through Bitcoin. Holders will earn massive BTC airdrops when the Bitcoin price hits certain set milestones, in addition to token burn events and BTCBULL airdrops.
The promise of free Bitcoin has resulted in significant early demand for the meme coin, which has now already raised over $4 million in its ICO.
Considering its unique value proposition and small market cap, BTC Bull is being viewed as one of the best cryptos to buy. Several early buyers are even calling it the next 100x crypto.
