Dogecoin and Shiba Inu Excluded from Top Ten Meme Coins Conviction List—Here's What Top Trader Chose Instead

Meme coin leaders Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) were left out of a veteran trader’s top meme coin conviction list.

What Happened: Veteran crypto trader Free Electron listed his top ten meme coins for the bull run, outlining his thesis and long-term target for each.

The top five in his list are:

• Dogwifhat (CRYPTO: WIF): acknowledged by Elon Musk as the “top dog coin of the cycle.” The trader sees it as Solana's mascot and best leverage play, which may deliver a similar run-up like Dogecoin and Shiba Inu.
• Pepe (CRYPTO: PEPE): a leverage play for Ethereum with favorable unit bias and strong metrics. It is popular in many internet sub-cultures despite being the only frog in a sea of dogs and cats. The target is a $90 billion valuation.
• Popcat (CRYPTO: POPCAT): considered the “Dogecoin of cats” and has high recognition, especially in Asia.
• Mog Coin (CRYPTO: MOG): another strong “ETH beta play.”
• Gigachad (CRYPTO: GIGA): seen as the “#1 lifestyle coin.”

Michi (CRYPTO: MICHI), Mumu (CRYPTO: MUMU), Selfie Dog (CRYPTO: SELFIE), Mini (CRYPTO: MINI) and Aura (CRYPTO: AURA) are the other meme coins mentioned in the list. Michi is termed the "WIF of Cats," as many celebrities have mentioned the meme on their handle.

Also Read: Trader Shares ‘3 Contrarian Takes:’ TRUMP Meme Coin ‘An Obvious Buy’ And These 2 Cryptos Are ‘Deep Value’ And Will Be ‘Outperforming Soon’

Why It Matters: With a valuation of $45 billion, the meme coin’s market capitalization has been on the rise for some months. One crypto trader sees Dogwifhat approaching its first bullish cross on the weekly RSI chart soon.

The previous week, a crypto trader predicted Popcat to continue its uptrend and possibly become the fifth-largest meme coin.

Read Next: 

• Crypto Trader Dismisses Possibility Of Bitcoin’s Potential Crash, Meme Coins Not The Backbone Of ‘All-Around Crypto Cycle’

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