Memecoins
2 Meme Coins to Buy That Could Generate 100x Profit as PEPE Rally Takes Place
The rise in meme coins earlier this week was offset on Wednesday by a unanimously bullish wave supported by a slowdown in inflation in the United States. Pepe, for example, exploded to a new all-time high of $0.00001146, supported by increased investor interest in meme coins to buy like Bonk and dogwifhat (WIF). THE Pepe Coin lessons The analysis reveals that the token has the potential to maintain the uptrend at least until $0.000013.
Why Meme Coins Rally
A particular bullish wave is driving prices higher in the coin segment. Some meme coins are in the green, posting double-digit gains, including Pepe Coin with its 11.6% increase in 24 hours.
The rise in Pepe’s value cumulatively took the 30-day rise to 106%, in addition to a 31% increase in a week and a 60% increase in a fortnight.
Other meme pieces that shine on Tuesday are Floki MEME BOOK, Popcat, Abu Apustaja, Mog Coin and more.
Slow price movements among major cryptocurrencies, including Bitcoin and Ethereum, have likely caused the coin frenzy to skyrocket. With Bitcoin Trading in a narrow range between $60,000 and $64,000, the highly volatile digital assets attract investors looking for short-term gains.
Pepe Coin Price Analysis: How High Can PEPE Reach in May
Pepe Coin is riding the momentum following the release of an inverted head and shoulders pattern. As discussed on Monday, this pattern introduced a 50% target near $0.000013.
The uptrend is supported by a buy signal from the Moving Average Convergence Divergence (MACD) indicator. As long as the blue line remains above the signal line, the path of least resistance will remain upward, as the increasing green histograms at the top of the neutral zone signal a continued uptrend.
Pepe Coin is trading above all three key bull market indicators, starting with the 200-day exponential moving average (EMA), 50-day EMA, and 20-day EMA (the purple, red, and blue lines covering the graph).
A daily close above the $0.00001 support could confirm the uptrend, allowing traders to consider a move towards $0.000013 and $0.0001 in the long term.
2 Meme Coins to Buy at Pepe Coin Rallies
Investors sitting around, wondering if the Pepe gravy train has left the station, may want to consider other potential meme coins that may offer better returns over the course of the year.
Solana Coins like dogwifhat and Bonk are the most potential candidates for a meme coin wallet. After a strong recovery in the first quarter, these two coins are trading at a discount of 10% and 5.8%, respectively, representing the amount of the weekly correction.
Dogwifhat also lost 5.4% of its value in 24 hours to $2.92. However, its potential is reflected in an 18% increase in two weeks, supported by another 8% in 30 days.
Wireless stands out with a market capitalization of almost $3 billion and a trading volume of $880 million, suggesting that the token is very liquid. It also hit an all-time high of $4.83 on March 31 and is therefore trading 39% below that mark.
Bonk, on the other hand, is trading at $0.00002351 at the time of writing, down 48% from its ATH of $0.00004547 on March 4. It has a market value of $1.56 billion and ranks 61st among other cryptos and 6th among all other memes. coins.
Conclusion
Meme coins offer an affordable entry into the crypto market. Investors can hold hundreds or even millions of tokens with the potential to yield 100x gains during the 2024 bull run.
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John is a seasoned crypto expert renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Forecast Editor for Market Content at CoinGape Media, he is dedicated to providing valuable insights into price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding On-Chain Data Analytics, Non-Fungible Tokens (NFT), Decentralized Finance (DeFi), Centralized Finance (CeFi) and the dynamic landscape of the metaverse. Through his constant reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.
The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.