bitcoin
Bitcoin (BITCOIN)
$92,944 6.45%
ethereum
Ethereum (ETHEREUM)
$3,082 9.07%
binancecoin
BNB (BINANCECOIN)
$901.71 7.13%
solana
Solana (SOLANA)
$141.81 10.16%
ripple
XRP (RIPPLE)
$2.18 7.08%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000009 12.13%
pepe
Pepe (PEPE)
$0.000005 17.34%
bonk
Bonk (BONK)
$0.000010 10.76%
bitcoin
Bitcoin (BITCOIN)
$92,944 6.45%
ethereum
Ethereum (ETHEREUM)
$3,082 9.07%
binancecoin
BNB (BINANCECOIN)
$901.71 7.13%
solana
Solana (SOLANA)
$141.81 10.16%
ripple
XRP (RIPPLE)
$2.18 7.08%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000009 12.13%
pepe
Pepe (PEPE)
$0.000005 17.34%
bonk
Bonk (BONK)
$0.000010 10.76%
bitcoin
Bitcoin (BITCOIN)
$92,944 6.45%
ethereum
Ethereum (ETHEREUM)
$3,082 9.07%
binancecoin
BNB (BINANCECOIN)
$901.71 7.13%
solana
Solana (SOLANA)
$141.81 10.16%
ripple
XRP (RIPPLE)
$2.18 7.08%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000009 12.13%
pepe
Pepe (PEPE)
$0.000005 17.34%
bonk
Bonk (BONK)
$0.000010 10.76%
Disclosure
Cryptocurrency trading is speculative and your capital is at risk when you trade. We may earn affiliate commissions from some of the products on this page - at no extra cost to you.
Best Memecoins to Purchase Today, December 3 - PENGU, DOGE, SHIB

Highlights:

  • PENGU, DOGE, and SHIB lead the top memecoins to buy today as renewed trading interest lifts the sector.
  • Dogecoin’s Dragonfly Doji on key support hints at a possible trend shift after weeks of pressure.
  • Shiba Inu finally breaks its long slump, with RSI and MACD turning positive as buying picks up.

The crypto market is experiencing signs of stabilization after several days of high selling pressure. The overall market cap and trading volume have surged to $3.15 trillion and $170 billion, respectively. Meanwhile, the memecoin sector has witnessed the same trend, with the market cap surging by 10% to $42 billion. Moreover, its trading volume surged by 35%, pushing the value to $6.2 billion. In this article, we will discuss the top memecoins to purchase today, such as Pudgy Penguins, Dogecoin, and Shiba Inu.

Advertisement

Banner

Top Memecoins to Purchase Today

1. Pudgy Penguins (PENGU)

Following the broad market rebound, Pudgy Penguins has displayed a robust bullish momentum by recording a surge of 22% over the last 24 hours. This price movement has reversed the negative outlook on the weekly chart, retracing the $0.0125 resistance. In addition, its trading volume has exploded by 200% to $365 million.

Source: CoinMarketCap

Crypto analyst Ali noted that PENGU rose by more than 30% within 24 hours, reclaiming above $0.0120. The sharp breakout above the resistance was preceded by a steady downward trend since August. The RSI has dropped its downward trendline, indicating a fresh momentum. This bullish RSI divergence initially emerged in late June, before a 359% rally.

The RSI strength is turning into rising price action now, a formation previously observed before a massive leap. With interest returning, this trend positions PENGU among the top memecoins to purchase today, particularly as traders look towards a short-term continuation.

2. Dogecoin (DOGE)

The largest memecoin, Dogecoin, is up by 10% over the last 24 hours, pushing the price to $0.1450. Following weeks of downtrend, the memecoin dropped by 13% over the last 30 days. During that period, the memecoin declined from highs of $0.1800 to seek support at the $0.1300 region.

Best Memecoins to Purchase Today, December 3 - PENGU, DOGE, SHIB
Source: CoinMarketCap

According to a recent analysis by crypto analyst Trader Tardigrade, there is a shift in Dogecoin’s weekly pattern. A Dragonfly Doji has also occurred at a historic level of support, indicating a possible bullish turnaround. This candlestick pattern usually indicates a strong rejection of a dip by buyers.

Historical trends indicated more than 400% rallies following such setups. In case history repeats, DOGE can retest the $1 mark. With momentum building, many investors are adding DOGE to their list of top memecoins to purchase today as signs continue to look promising.

3. Shiba Inu (SHIB)

Shiba Inu has been confined for months in a flat, dead zone, which has been written off by traders. The enthusiasm surrounding the cryptocurrency nearly disappeared. In the last 24 hours, however, SHIB has shown some strength as it seeks to regain a significant portion of the losses it has incurred. At the time of writing, SHIB has increased to $0.000008847, which is a positive sign of short-term strength.

Best Memecoins to Purchase Today, December 3 - PENGU, DOGE, SHIB
Source: CoinMarketCap

Shiba Inu’s 1-day chart indicates that the price broke above the long downward line after several weeks of tight movement. The breakout is a boost of confidence because the chart is trading around a known support zone. 

Top Memecoins to Purchase Today, December 3 - PENGU, DOGE, SHIB
Source: TradingView

Indicators such as the Relative Strength Index and Moving Average Convergence Divergence have turned positive. The RSI is steadily rising from the oversold region and is currently in the neutral zone, indicating increased buying pressure. The MACD line has climbed above the signal line, with green bars printing in the histogram, a move that usually tends to show a shift in market trends.

eToro Platform

Best Crypto Exchange

  • Over 90 top cryptos to trade
  • Regulated by top-tier entities
  • User-friendly trading app
  • 30+ million users
9.9

5 Stars

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Advertisement

Banner

Advertisement

Banner

Advertisement

Banner