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Top Meme Coins To Buy in September: Picks and Predictions

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The meme coin market has experienced a significant downturn over the past month, with its market capitalization dropping by 20% due to reduced trading activity.

Despite this decline, a resurgence in bullish interest is positioning certain meme coins for potential growth in September. These coins include Popcat (POPCAT), Pepe Fork (PORK), Floki (FLOKI), Shiba Inu (SHIB), and Book of Meme (BOME).

Popcat (POPCAT)

POPCAT is currently trading at $0.69, having surged by 46% over the past week. The technical setup for this Solana-based meme coin indicates increased accumulation by market participants in recent weeks.

At press time, POPCAT’s Relative Strength Index (RSI) stands at 57.58 and is trending upwards. This RSI level indicates that buying activity is gaining momentum, as the indicator measures whether an asset is overbought or oversold.

popcat price prediction
POPCAT Price Analysis. Source: TradingView

The Moving Average Convergence Divergence (MACD) also shows a strong bullish bias. The MACD line (blue) is above its signal line (orange) and the zero line, suggesting a solid uptrend.

If this trend continues, POPCAT’s price could rise to $0.71. However, if a reversal occurs, the price might drop to $0.62.

Pepe Fork (PORK)

PORK’s price has risen by 82% over the past month. In the last 24 hours, it surged to a monthly high of $0.00000016 before correcting to $0.00000013 at the time of writing.

The frog-themed meme coin is currently trading above its 20-day exponential moving average (EMA), which reflects the average price over the past 20 trading days. When an asset’s price is above this moving average, it indicates that recent prices are consistently higher than the 20-day average, suggesting strong and positive price action.

Read more: What Are Meme Coins?

pork price prediction
PORK Price Analysis. Source: TradingView

Additionally, the token’s Chaikin Money Flow (CMF) is rising and currently stands at 0.23, above the zero line. A CMF value above zero indicates market strength, signaling liquidity inflow, which is crucial for sustaining a rally. If the trend remains, PORK may exchange hands at $0.00000024.

Floki (FLOKI)

Over the past month, Floki’s value has dropped by 13%. However, this price dip has created a potential buying opportunity for traders looking to trade against the market trend.

An on-chain assessment of Floki’s Market Value to Realized Value (MVRV) ratio shows that the metric is signaling a buy. According to data from Santiment, FLOKI’s 30-day and 90-day MVRV ratios are -34.30% and -55.26%, respectively.

floki mvrv ratio
Floki MVRV Ratio. Source: Santiment

When an asset’s MVRV ratio is below zero, it is considered undervalued, meaning its current price is lower than the average price of all its circulating tokens. This situation often presents a buy signal for traders who aim to buy low and sell high.

Shiba Inu (SHIB)

Despite SHIB’s double-digit price decline over the past month, whales have been accumulating more coins, as indicated by an 81% spike in large holders’ netflow.

Large holders, or whales, are addresses that control over 0.1% of an asset’s circulating supply. A surge in their netflow signals increased accumulation, a bullish sign that often prompts retail investors to follow suit, potentially driving up the asset’s value.

Read more: 7 Hot Meme Coins and Altcoins that Are Trending in 2024

SHIB Large Holders' Netflow.
SHIB Large Holders’ Netflow. Source: IntoTheBlock

If SHIB sees a broader market-wide accumulation, this could reverse its downtrend, with the price potentially rallying toward $0.000018.

Book of Meme

BOME’s value has dropped by 13% over the past week. Despite this decline, the meme coin’s Chaikin Money Flow (CMF) has been rallying and is now close to crossing above the zero line.

A bullish divergence occurs when an asset’s price falls while its CMF rises, indicating underlying accumulation despite the price drop. The increasing CMF shows positive money flow into the asset, suggesting that a potential rebound could be on the horizon. 

bome price prediction
BOME Price Analysis. Source: TradingView

If BOME begins to rally, its next price target could be $0.01. However, if the downtrend continues, BOME’s value might slip to its August 5 low of $0.005.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Dogecoin Holding Time and Whale Activity Spikes

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Dogecoin (DOGE), a leading meme coin, is signaling a potential breakout from its narrow trading range.

If this momentum continues, it could reclaim its multi-year high of $0.48, fueled by extended holding periods and increased accumulation by large holders.

Dogecoin Investors Reduce Distribution

The on-chain assessment of DOGE’s performance has revealed a significant spike in the holding time of all its coins transacted in the past seven days. According to IntoTheBlock, this has climbed by 302% during the review period. 

The holding time of an asset’s transacted coins represents the average duration tokens are kept in wallets before being sold or transferred. 

Longer holding periods like this reduce selling pressure in the DOGE market. This reflects stronger investor conviction, as investors choose to keep their coins rather than sell them. 

Dogecoin Holding Time
Dogecoin Holding Time. Source: IntoTheBlock

In addition to reducing selling activity, DOGE whales have increased their holdings over the past week. This is reflected by the 112% uptick in its large holders’ netflow during that period.

An asset’s large holders’ netflow metric tracks the movement of coins into and out of wallets controlled by whales or institutional investors. When this metric spikes, it suggests that these large holders are accumulating more of the asset, signaling increased confidence in its future price movement.

Dogecoin Large Holders Netflow
Dogecoin Large Holders Netflow. Source: IntoTheBlock

DOGE Price Prediction: Bullish Run Could Continue

If this bullish momentum is maintained, DOGE will extend its weekly 3% spike. As buying pressure strengthens, the meme coin could revisit its four-year high of $0.48.

Dogecoin Price Analysis
Dogecoin Price Analysis. Source: TradingView

However, this bullish outlook will be invalidated if accumulation stalls and selling activity recommences. In that scenario, DOGE’s price could slip to $0.29.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Base DEX Volume Approaches $3 Billion Amid Growing Adoption

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Base, Coinbase’s Layer-2 (L2) blockchain solution, has reached new heights, setting an all-time high daily decentralized exchange (DEX) trading volume near $3 billion.

This milestone reflects Base’s growing prominence in the L2 space and its role in scaling on-chain transactions for Coinbase users.

Base Hits New Milestone in DEX Volume

Blockchain analyst Dan Smith highlighted Base L2’s record-breaking volume of $2.9 billion, including $1.3 billion in ETH-USD trading, which also hit an all-time high. Other trading pairs, such as ETH-cbBTC and BTC-USD, were close to breaking their own records.

Base DEX Volume By Pair Type
Base DEX Volume By Pair Type. Source: Blockworks Research

The $2.9 billion DEX volume reflects Base’s growing appeal among traders, particularly in ETH-USD pairs, which benefited from recent price volatility. Alexander, another blockchain enthusiast, noted that this milestone marked the first time Base nearly tagged $3 billion in daily volume, alluding to the development as evidence of L2’s growing adoption.

AerodromeFi, a liquidity-focused decentralized protocol on Base, also recorded an all-time high of $1.68 billion in volume, further emphasizing the ecosystem’s momentum.

“This is the first time Base nearly passed $3 billion and AerodromeFi set a new ATH of $1.68 billion in volume,” Alexander commented.

Base’s success is particularly notable because it operates without a native token. Coinbase explicitly ruled out launching a token for Base, prioritizing ecosystem growth and user adoption instead. This approach has likely contributed to its traction by focusing on utility and reducing speculative risks that could deter long-term users.

“There are no plans for a Base network token. We are focused on building, and we want to solve real problems that let you build better,” Base lead developer Jesse Pollak stated recently.

Consistent Growth in Transactions and TVL

The recent achievement follows Base’s earlier milestones, including reaching one billion transactions two months ago and surpassing six million daily transactions in October. More closely, the network recently outpaced Ethereum in user growth amid growing crypto markets.

Additionally, Base’s Total Value Locked (TVL) has seen consistent growth, indicating increased user participation, asset inflows, and liquidity within its ecosystem. A rising TVL signals greater confidence in the platform, fostering a stronger and more sustainable DeFi environment.

Base TVL and DEX Volume
Base TVL and DEX Volume. Source: DefiLlama

Despite its impressive growth, Base has faced some criticism. The network was accused of copying aspects of an NFT project, sparking concerns over originality and intellectual property. While this controversy did not deter adoption, it highlights the challenges of rapid innovation in the competitive blockchain space.

Base’s trajectory positions it as a serious contender in the L2 space, competing with established players like Arbitrum (ARB) and Optimism (OP). Its emphasis on utility, combined with rising user participation and liquidity, paints a promising picture for its future.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Is a Drop Below $0.92 Inevitable?

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Cardano’s recent sideways price action has led to a surge in demand for short positions among futures traders.

As the coin’s momentum slows, traders are increasingly betting on a price decline, signaling a bearish sentiment toward ADA.

Cardano Traders Bet on a Price Decline

According to Coinglass, ADA’s Long/Short Ratio is at a monthly low of 0.82, indicating a high demand for short positions.

An asset’s Long/Short Ratio compares the number of its long (buy) positions to short (sell) positions in a market. As with ADA, when the ratio is below one, more traders are betting on the price falling (shorting) rather than rising. If short sellers continue to dominate, this can increase the downward pressure on the asset’s price.

ADA Long/Short Ratio
ADA Long/Short Ratio. Source: Coinglass

Additionally, ADA’s Weighted Sentiment remains negative, currently standing at -0.074, reinforcing the bearish outlook for the altcoin.

Weighted Sentiment gauges the overall market bias by analyzing the volume and tone of social media mentions. A negative value signals growing skepticism among investors, often leading to reduced trading activity and downward pressure on the asset’s price.

ADA Weighted Sentiment.
ADA Weighted Sentiment. Source: Santiment

Notably, ADA whales have reduced their trading activity over the past week, with the coin’s large holders’ netflow dropping by 90.29%, according to IntoTheBlock.

Large holders, defined as addresses holding more than 0.1% of an asset’s circulating supply, play a significant role in market movements. A decline in their netflow indicates reduced buying activity, adding to the downward pressure on ADA’s price.

ADA Large Holders Netflow.
ADA Large Holders Netflow. Source: IntoTheBlock

ADA Price Prediction: Recovery to $1 or Decline to $0.80?

ADA is currently trading at $0.98, hovering just above its support level of $0.90. If bearish pressure intensifies, the price may test this support. A failure to hold at $0.90 could see ADA’s decline extend further, potentially dropping to $0.80.

ADA Price Analysis.
ADA Price Analysis. Source: TradingView

Conversely, if buying activity resurges, ADA’s price could stabilize above the $1 mark.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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