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Best Memecoins to Purchase Today, March 18 - TRUMP, SHIB, WIF

Highlights:

  • TRUMP has surged by 25% over the last week, attracting whale interest.
  • The new definition of Shiba Inu as a digital commodity might attract institutional investors.
  • DogWhifhat is currently testing a major resistance level, which may lead to a potential price breakout.

Crypto prices are cooling from the recent rally ahead of the FOMC meeting today, which is expected to align with the market expectations of no change. The Federal Reserve is likely to keep the benchmark interest rate unchanged due to uncertainties from the ongoing US-Iran tensions. The total market capitalization has surged by 0.45% to $2.54 trillion, while the trading volume stands at $88 billion.

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Meanwhile, the memecoin market mirrors the broader trend, with market cap surging to $33 billion. After the sharp rally at the start of the week, most assets are now consolidating. In the section below, let’s discuss the best memecoins to purchase today, such as OFFICIAL TRUMP, Shiba Inu, and DogWifhat.

Best Memecoins to Purchase Today

1. OFFICIAL TRUMP (TRUMP)

The TRUMP price is up by more than 25% over the past 7 days. The memecoin rallied from lows of $2.70 and faced a rejection at the $4.30 region, leading to a pullback. As of this writing, TRUMP is hovering around $3.67 with a market cap of $856 million.

Best Memecoins to Purchase Today, March 18 - TRUMP, SHIB, WIF
TRUMP Price Chart: CoinMarketCap

TRUMP’s whale activity has risen sharply in recent days. Wallets holding over 1 million coins now total 83, marking the highest level in five months, according to data from Santiment. The count had fallen to 69 in early October. Since then, large holders have returned. That pattern draws fresh market attention, as similar buying came before rallies. 

Smaller wallets have also joined the trend. Lookonchain reported 1.5 million TRUMP, worth $5.85 million, was transferred to a new wallet. Meanwhile, Nansen highlighted heavy supply concentration, with the top 100 wallets controlling over 83% of supply. With the upcoming private event at Mar-a-Lago adding fuel to the trend, TRUMP emerges as one of the best memecoins to purchase today.

2. Shiba Inu (SHIB)

Shiba Inu is exchanging hands at around $0.000006076, down by 0.30% on the daily chart. Despite recording a monthly decline of 9%, the memecoin is up by 7% over the last 7 days. Its trading volume has dropped by 15% to $133 million.

Best Memecoins to Purchase Today, March 18 - TRUMP, SHIB, WIF
SHIB Price Chart: CoinMarketCap

U.S. regulators have classified Shiba Inu as a digital commodity, following new guidance from the SEC and CFTC. This decision places SHIB alongside major assets like Bitcoin and Ethereum, clarifying its role within the crypto market. Previously, there was uncertainty about whether meme tokens like SHIB could be considered securities. 

Now, its function as a digital commodity supports transactions, network security, and user participation within its ecosystem. This new classification could boost institutional confidence in SHIB, leading to increased demand and adoption. Moreover, it opens the door for SHIB-based investment products, including ETFs, which could further solidify its position in the market.

2. DogWifhat (WIF)

The Solana-based memecoin, Dogwifhat has seen a minor decline of 0.50% over the last 24 hours. As of this writing, WIF is trading around $0.187, up by more than 14% over the last 7 days. Its market cap and trading volume stand at around $187 million and $80 million, respectively.

WIF Price Chart: CoinMarketCap

DogWifhat is on the verge of breaking out of the long-held consolidation zone on the 4-hour chart. Since early March, WIF has been held in the range between $0.1620 and $1930. Currently, the price is testing the upper zone of this range. A successful breakout above this region could lead to a rally toward the next resistance at $0.2219.

Best Memecoins to Purchase Today, March 18 - TRUMP, SHIB, WIF
WIF Price Chart: TradingView

Technical indicators such as the 14-day RSI and MACD also back this breakout. The RSI value is currently hovering in the neutral region at 63 levels, indicating that the current conditions are not overbought. The MACD line is also holding above the signal line in the positive region, which signals a bullish sentiment in the market.

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