Memecoins
Meme Coins to Watch in August 2024: Top Picks and Predictions
Almost all market participants agree that meme cryptocurrencies are here to stay. In previous cycles, these cryptocurrencies were part of a “get in fast and get out” plan.
But this time around, things have changed and several meme coins are now an integral part of many traders’ portfolios. That said, which coins should you keep an eye on as we approach August 2024?
Dogecoin posts first positive return since May: a bullish August in sight?
Among the meme cryptocurrencies listed, Dogecoin (DOGE) has recorded the weakest performance over the past 90 days. However, this does not mean that dog-themed cryptocurrencies should be overlooked.
At press time, DOGE is trading at $0.13 and is on track to end the month with its first positive return since May. Additionally, the formation of higher lows (HL) on the daily chart (HL) reveals that Dogecoin’s chances of trading higher are increasing as it approaches a new month.
Additionally, the Awesome Oscillator (AO) is positive, suggesting that the momentum around the meme currency is bullish. Additionally, the AO reading indicates that DOGE could be a good entry region.
Dogecoin Daily Analysis. Source: TradingView
If this is confirmed, DOGE price could retest $0.15 in August and reach $0.17. However, this price prediction could be invalidated if selling pressure increases. If this happens, DOGE price could drop to $0.12 or even as low as $0.11.
Pepe still wants $0.000015
For most of July, Pepe (PEPE) struggled to keep up with its bullish trend at various points. As a result, the price registered a 3.47% increase over the last 30 days.
However, this could change in August, especially since PEPE is the leading meme coin on the Ethereum blockchain. From a technical perspective, the token has been moving between a low of $0.000010 and a high of $0.000013 over the past two weeks.
A look at the Parabolic Stop-and-Reverse (SAR) shows that the token could move higher in the coming month. The SAR indicates potential reversals and the direction of the trend.
In most cases, if the dotted lines are below the price, the trend is up. But if they are above the price, the trend is down.
Learn more: What are Meme Coins?
Daily analysis of PEPE. Source: TradingView
For PEPE, it’s the former, suggesting that it might be time to buy the cryptocurrency before a rally occurs. If this holds true, the price of PEPE could rise to $0.000015, a price it last reached on June 6.
Mog Coin (MOG) price still has room to rise
On a year-over-year (YTD) basis, Mog Coin Price Surges Over 8,000%, Hits All-Time High (ATH) of $0.0000024 on July 21. As a result, MOG, which is also built on Ethereum, has garnered a lot of market attention.
Currently, the cryptocurrency is down 17% from its ATH but has increased by 6.98% in the last 24 hours. However, the exponential moving average (EMA) shows that the price of MOG could continue to climb in August.
The EMA measures the direction of the trend over a given period. At press time, the 20 EMA (blue) and 50 EMA (yellow) are trading below the price of MOG. If this trend continues, we could see MOG move higher over the next 20 to 50 days.
Mog Coin Daily Analysis. Source: TradingView
If this remains the case without any noticeable changes, MOG price could surpass its ATH and likely reach $0.0000026 before the end of next month.
Bonk prepares for his return
BONK is one of the best meme coins on Solana. Recently, the token lost 13% of its value, bringing its price down to $0.000027. However, the price drop could present a buying opportunity for market participants.
But this will only be the case if Bonk meets two conditions. One is related to Chaikin Money Flow (CMF), and the other is related to the Relative Strength Index (RSI). As of this writing, the CMF is close to the midpoint, indicating that the flow of money into BONK has decreased.
But for the token to perform well in the future, more capital needs to flow into it to help the price rebound. The situation is similar to that of the RSI, which is close to a neutral point.
BONK Daily Analysis. Source: TradingView
If buying pressure increases, BONK may bounce off the lows and potentially return to $0.000030. Meanwhile, if bullish sentiment around meme coins dominates in August, the price may reach $0.000035. However, if the opposite happens, BONK price may drop to $0.000024.
Popcat aims for $1 return
This list would be incomplete Not to mention Popcat (POPCAT), the cat-themed cryptocurrency that has performed well over the past 30 days. While POPCAT is down 10% over the past 24 hours, there are signs that the crypto could rally back to $1 in the next month.
One of the indicators that fuels this prediction is the RSI. As can be seen below, despite the selling pressure the token has faced, the RSI reading has not fallen below the neutral zone. This indicates that the bulls are defending the cryptocurrency from a sharp drop.
Learn more: 7 Trending Coins and Altcoins in 2024
POPCAT Daily Analysis. Source: TradingView
If this trend continues, combined with increased buying pressure, POPCAT could have relatively little trouble rebounding, retesting $0.83 and then $1 in August. If token holders continue to sell, this forecast could be invalidated. If this happens, POPCAT’s price could drop to $0.70.
Disclaimer
In accordance with the Trust Project This price analysis article is provided for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our Terms and conditions, Privacy PolicyAnd Disclaimer have been updated.
Memecoins
Memecoins dominate major derivatives in terms of open interest | Flash News Detail
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Memecoins
Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don’t miss the winnings
August offers investors a unique opportunity to capitalize on the potential gains offered by Shiba Inu (SHIB) and Mpeppe (MPEPE)These two memecoins take advantage of the viral nature of internet memes and popular culture, attracting a diverse and enthusiastic audience. In this article, we’ll look at why Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for gains this month and why you shouldn’t miss out on the potential profits.
The viral power of memecoins
Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid spread of the cryptocurrency’s brand and message across various online platforms, potentially appealing to a broader and more diverse audience. Shiba Inu (SHIB) and Mpeppe (MPEPE) are great examples of how this viral potential can translate into substantial community growth and market presence.
Shiba Inu: riding the wave of popularity
Shiba Inu (SHIB) has established itself as a major player in the memecoin space. With its cute canine mascot and strong community support, Shiba Inu (SHIB) has gained a significant following. The coin’s ecosystem continues to grow, with projects like ShibaSwap adding to its utility and appeal. Investors are optimistic about Shiba Inu’s future, expecting it to ride the wave of popularity that has kept it in the spotlight.
Ecosystem expansion
THE Shiba Inu (SHIB) The Shiba Inu (SHIB) ecosystem is constantly expanding, offering new features and utilities that enhance its value proposition. Projects like ShibaSwap provide users with opportunities to stake and earn rewards, making Shiba Inu (SHIB) more than just a meme currency. This expansion helps solidify its market position and attract a wider audience.
Balancing humor and professionalism
Mpeppe (MPEPE) offers a unique and light-hearted approach to the serious world of digital assets, balancing humor and professionalism. Inspired by internet memes and the dynamic energy of football fans, Mpeppe (MPEPE) is quickly gaining traction in the crypto community.
Mpeppe (MPEPE) offers an opportunity to reach a younger demographic and tap into the viral nature of internet culture. By balancing humor and professionalism, Mpeppe (MPEPE) appeals to a wide audience, from casual meme enthusiasts to serious investors. This strategy is similar to the one that made Shiba Inu (SHIB) so successful, but with a modern twist.
Expanding Reach and Adoption
Mpeppe’s (MPEPE) ability to leverage internet culture means it has the potential to rapidly expand its reach and adoption. The memecoin’s branding and community-driven approach make it accessible and appealing, much like Shiba Inu (SHIB) in its early days.
Why August is the month to invest
As the cryptocurrency market experiences a surge in interest, August presents a great opportunity to invest in promising assets like Shiba Inu (SHIB) and Mpeppe (MPEPE) Both coins are well positioned to capitalize on the growing interest in memecoins, driven by their unique appeal and active communities.
Conclusion: Don’t miss the benefits
Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for a profitable August, leveraging their viral potential and strong community support to attract a diverse audience. With the cryptocurrency market in full swing, now is the perfect time to consider investing in these promising memecoins. Just as Shiba Inu (SHIB) captivated the crypto world with its unique appeal, Mpeppe (MPEPE) is poised to make its mark. Don’t miss out on the potential gains these innovative digital assets have to offer.
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Memecoins
Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further
Solana, the fifth-largest crypto asset by market cap, has fallen 8% in the past 24 hours, according to CoinGeckolike his Meme Coin Market Prices of some coins, which can be notoriously volatile, have fallen by as much as 43% in the past day.
As the cryptocurrency market bleeds with Bitcoin (Bitcoin) down 2.7% and Ethereum (ETH) 4.2%, Solana (GROUND) was the hardest hit among the top 10 cryptocurrencies, falling 8.2% to $168 on the day, according to data from CoinGecko. Along with this, meme coin Solana suffered huge losses.
The biggest loser in the last 24 hours is the bigger of the two Black (NEIRO) on Solana which fell nearly 44% to $0.01821. These tokens were launched after the owner of Kabosuthe Shiba Inu that inspired the Doge meme, announced that she had adopted a new dog named Neiro. Interestingly, her rival on the network launched an hour beforealso called Black (NEIRO), is up 75.2%. It appears that the Solana Neiro Civil War is far from being decided.
Other big losers include: Pump.fun’s Favorites Billy (BOWL), down 26.4%, and Michi (MICHI), which fell 24.5%. Over the past 24 hours, both tokens have flipped their market caps multiple times, but dog token Billy is currently in the lead with $94 million, about $3 million ahead of Michi.
Dog with hat (Wireless), the largest meme coin on Solana, was also hit, dropping 12.4%. Bonk (BONK), the second-largest Solana meme coin, fell 9.1%. In fact, among the top 50 Solana meme coins by market cap, only four tokens are in the green, with Zoomer (ZOOM IN) leading the pack with 41.1%.
Meme coins are notoriously high-risk assets and tend to post disproportionate losses when the broader market experiences a downturn.
Brain (BRAIN), Michi (MICHI), Mini (MINI), Shark cat (SC), and many others, for example, have suffered greater losses in the last 24 hours than any of the top 100 cryptocurrencies by market capitalization.
In the world of meme coins, when it rains, it rains.
Edited by Stacy Elliott.
Memecoins
Trader Says Bitcoin’s Path to $100,000 Is ‘Currently Programmed’, Updates Outlook on Memecoin That’s Up Over 18,000% YTD
A widely followed analyst and trader expresses bullish sentiment on Bitcoin (Bitcoin) while offering his take on the memecoin built on Solana (GROUND) blockchain ecosystem.
Starting with Bitcoin, the analyst known by the pseudonym Altcoin Sherpa tell His 219,000 followers on social media platform X say Bitcoin is on the verge of hitting a six-figure price.
“There will be bumps along the way, but Bitcoin’s path to $100,000 is on schedule. Don’t get rattled or lost along the way.”
Source: Altcoin Sherpa/X
At the time of writing, Bitcoin is trading at $66,236.
According to For the widely followed trader, Bitcoin enjoys strong support between $63,800 and $65,000, where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.
Source: Altcoin Sherpa/X
Next up is the Solana-based memecoin Popcat (POPCAT). The pseudonymous trader and analyst said that among the cat memecoin family, POPCAT is one of the “best” in the long run.
Altcoin Sherpa, however, says POPCAT looks bearish on the short-term four-hour time frame and needs to climb above a range low between $0.694 and $0.724 to avoid falling further.
Source: Altcoin Sherpa/X
POPCAT was trading at $0.00379 on January 5th and is now at $0.704, a gain of approximately 18,475%.
Altcoin Sherpa also offers his take on dogwifhat (Wireless), Solana-based Memecoin. According to For the pseudonymous analyst, WIF “still looks pretty good for now” on the four-hour chart with the “best” support area sitting around $2.10.
“The average would probably be $2.30 to $2.10 if I were you and I was swing trading this one.”
Source: Altcoin Sherpa/X
WIF is trading at $2.27 at the time of writing.
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