The ever-evolving meme coin sector has become an interesting niche for investors and traders in the past few months. There are plenty of assets here based on the latest trends, and many of them have seen significant price increases in a short period of time.

Shiba Inu (SHIB)

The second largest meme coin by market capitalization is quite intriguing due to the sheer number of people who have access to it. Data shows that more than 1.3 million individuals have invested in SHIB.

The asset literally experienced a second youth this year, when its price soared to multi-year highs and its market capitalization exceeded $20 billion.

The Shiba Inu Relative Strength Index (RSI) has been at relatively low levels over the past few months, indicating that another surge could occur in July. The technical analysis tool ranges from 0 to 100, with a ratio above 70 signaling a possible correction. The last time the RSI crossed this mark was at the end of May.

Dogecoin (DOGE)

The number of leading meme coins is up 6% on a weekly basis, while important factors could trigger an additional surge this month. One element may be support from famous personalities.

Let us remind you that DOGE is the favorite cryptocurrency of Tesla owner and CEO Elon Musk. The billionaire often mentions it in his posts on social networks, and many times this is followed by a sharp increase in the price of the token.

Not long ago, the electric vehicle giant officially integrated the coin as a payment method on its website. As expected, DOGE rose over 20% shortly after the announcement.

Dogwifhat (WIF)

The largest meme coin created in the Solana ecosystem has been one of the best on the market in recent times, even surpassing DOGE and SHIB in terms of daily trading volume.

Their success in July depends on endorsements from prominent industry players, favorable market conditions, Solana's performance and other factors.

Pepe (PEPE)

Frog-themed meme coin PEPE made headlines in late May when it hit a new record high while its market capitalization briefly topped $7 billion. However, since then PEPE has been experiencing a decline, its price is decreasing by 25% every month.