Meme Coin Price Predictions: PEPE, dogwifhat (WIF), Shiba Inu (SHIB)

Meme coins are performing quite well this weekend, with Ethereum-based PEPE leading the charge with a notable 11% rise, propelling its market cap to $6.5 billion.

The WIF price is also performing decently, while SHIB price seems to be lagging. Let’s take a detailed look at these meme coin price predictions.

PEPE price prediction

After today’s 11% surge, PEPE price is trading around $0.000015, an area close to another all-time high (ATH). PEPE crossed the ATH levels several times in May.

One of the most influential crypto analysts on X, with a follower base exceeding 630,000, expressed his bullish sentiment towards PEPE. He pointed out that PEPE’s current market cap stands at just $6 billion, while DOGE reached a market cap of $75 billion in the previous cycle and SHIB almost touched $50 billion. The analyst confidently stated that these numbers suggest that PEPE still has substantial upside potential.

This statement suggests a prediction that PEPE could potentially reach the market cap levels previously achieved by DOGE or SHIB during the previous bull run. Additionally, Altcoin Sherpa, with over 216,000 followers, also announcement his intention to buy PEPE today.

From a technical perspective, PEPE’s Relative Strength Index (RSI) fluctuates between 60 and 65 across all time frames, indicating that the asset is neither overbought nor oversold. Additionally, the Moving Average Convergence Divergence (MACD) line is now above the MACD signal line, signaling bullish momentum.

As Ethereum ETF Approvals have become a reality, they could also have a positive impact on the price of PEPE, given that PEPE is the hottest ERC-20 token in this bull run. Based on these factors, the PEPE price could potentially continue its upward trend in the near future.

Dogwifhat (WIF) Price Analysis, SHIB Price Shifts

WIF, once ranked a few weeks ago as the third largest coin in the world by market capitalization, surpassing even PEPE, is now lagging behind with a market capitalization of around $3 billion following the recent PEPE pump.

WIF’s price currently stands at $2.9, while its ATH was set in late March at around $4.8, indicating that it is trading considerably below its high. This suggests that market sentiment is gradually shifting from Solana-based meme coins to Ethereum-based meme coins.

Technically, WIF’s MACD line is below the MACD signal line, signaling potential bearish momentum. Additionally, the RSI is hovering around 50, suggesting neutral market sentiment. Considering these factors, WIF’s price action could potentially experience a slow period in the coming days.

As for SHIB, the price has not performed well recently, making it the worst performing meme coin among the top six by market cap this week.

Shibarium ecosystem statistics are also not encouraging, with low levels of new account creation and daily transactions. SHIB’s RSI is around 60, indicating a slightly overbought condition. However, with a strong community supporting SHIB, a price hike could happen at any time. Despite its recent underperformance, SHIB remains the largest Ethereum-based coin, with a market capitalization of $14 billion.

What are the Best Meme Coins to Buy Now?

YouTuber Jacob Burywith around 40,000 subscribers, recently released a video highlighting the best meme coins to buy now, with a particular focus on Dogeverse. Dogevers is a multi-chain coin, offering video accessibility. The project has strong cash flow and support, enabling it to undertake large-scale initiatives. It also supports staking, offering an annual yield of 52%, with 30.5 billion tokens currently staked.

The Dogeverse presale ends on June 3 at 10:00 UTC, with the claim launch date set for June 5 at 10:00 UTC. The market capitalization of the project will be around $20 million, with a token supply of 200 billion tokens, according to Bury.

Although the speaker highlights Dogeverse’s upside potential, suggesting it could become a top 20 meme token with the possibility of reaching notable prices like $0.01 or even higher, he also advises doing exercise caution due to the speculative nature of these predictions.

Another notable project is WienerAI, a new AI part/meme hybrid described as “Part Dog, Part Sausage, Part AI Trading Bot.” WienerAI raised nearly $3 million in its presale, demonstrating the growing interest in combining meme culture with technologies like AI.

Conclusion

To summarize, the meme coin space continues to capture the attention of investors with its earning potential. Even though PEPE price appears poised for further growth, WIF’s trajectory remains uncertain and SHIB’s performance has been lackluster. Additionally, projects like Dogeverse and WienerAI offer investors potentially new opportunities to explore in the meme coin ecosystem.

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