Best Memecoins to Invest in Today, August 5 – Dogecoin, PEPE, Fartcoin

Highlights:

• Dogecoin activity is rising as the memecoin trades near long-term support around $0.07. 
• PEPE holds near $0.0000280 support, with traders watching for a rebound toward $0.0000306. 
• FARTCOIN gains momentum as bullish MACD signals and a neutral RSI leave room for further upside. 

The crypto market shows a mixed sentiment today as institutional flows, security concerns, and stalled CLARITY ACT continue to shape the direction across trading desks. The overall market capitalization has surged to $2.19 trillion while the trading volume declined to $55 billion. Meanwhile, the fear and greed index has held at 38, indicating fear sentiment in the market.

Amid mixed market signals, the memecoin sector took a hit today. Its market valuation and trading volume have dropped to $22 billion and $1.60 billion, respectively. With market pullbacks always seen as market entries, let’s take a look at the best memecoins to invest in today, such as Dogecoin, PEPE, and Fartcoin.

Best Memecoins to Invest in Today

1. Dogecoin (DOGE)

The largest memecoin, Dogecoin, is down by 0.20%, pushing the price to $0.06975. This latest bearish setback follows the weekly and monthly declines of 2% and 10%, respectively. Moreover, its market cap and trading volume have declined to $10 billion and $410 million, respectively.

Dogecoin network activity strengthened as weekly active addresses climbed 16%, according to market expert Ali Martinez. The total rose from 38,000 to 44,000, while the chart shows steady daily gains through August 3. That increase signals heavier on-chain usage near current price levels.

DOGECOIN IS WAKING UP

Weekly active $DOGE addresses have jumped 16%, from 38,000 to 44,000, indicating a sharp increase in on-chain activity. pic.twitter.com/dDauxsLzz8

— Ali Charts (@alicharts) August 5, 2026

Meanwhile, Cryptollica’s monthly chart places DOGE near the 2022 cycle-bottom zone around $0.07. The analyst has also highlighted a monthly RSI near 40, its lowest reading in 13 years. The projected path targets roughly $5 during 2027, though DOGE must first hold long-term support before any sustained upside move.

2. PEPE

The frog-themed memecoin, PEPE, has witnessed a minor decline today after its recent impressive run. The memecoin has been trading in an upward trajectory, surging by 6% over the last 30 days. Currently, the price is hovering around $0.000002855, with a market cap of $1.20 billion.

PEPE is trading near $0.00002856 after retreating from repeated resistance around $0.0000296. Crypto analyst Crypto Tony expects another dip toward $0.0000280, where buyers previously defended the structure. The Elliott Wave count labels that move as wave two, following a completed five-wave advance.

$PEPE / $USD – Update

This would be perfect over the coming day or so. Wick into support and begin that bigger leg up. pic.twitter.com/lS4XZygZQF

— Crypto Tony (@CryptoTony__) August 5, 2026

Meanwhile, the chart projects a rebound from support toward $0.0000292 before a brief pullback. A stronger breakout could then target roughly $0.0000304 to $0.0000306 over the next several trading sessions. However, a decisive break below $0.0000280 would weaken the bullish setup and expose lower intraday support nearby during volatility.

3. FARTCOIN

FARTCOIN’s price is up by more than 3% over the last 24 hours, with an intraday low and high of $0.1290 and $0.1384, respectively. The price is currently holding around $0.1355, up by more than 10% on the weekly chart. In addition, its market cap and trading volume have surged to $135 million and $13 million, respectively.

FARTCOIN has continued its upward rally that started on 30 July, making it one of the best memecoins to invest in today. The rally is now approaching the first resistance around the $0.0477 region. Should the current trend hold, FARTCOIN could break above this mark and challenge the key resistance at $0.0542.

Meanwhile, technical indicators such as the Relative Strength Index and Moving Average Convergence Divergence. The MACD line has climbed above the signal line, with the green bars forming on the histogram, indicating increased buying pressure. Moreover, the RSI is hovering around 54 levels in the neutral zone. This suggests that the upward journey is not yet exhausted and could continue further.