Memecoins
PEPE Price Hits New ATH and FLOKI Pumps as This New Meme Coin Prepares for Launch
The coin frenzy shows no signs of slowing down as we begin a new week. PEPE, the frog-based meme coin, looks unstoppable at the moment, hitting a new all-time high after a 13% pump today.
However, Floki Inu emerges as the biggest winner among the top coins, with the FLOKI price up about 17% in the last 24 hours. While these two meme coins steal the show, a new competitor is preparing to launch and could potentially be the next meme coin to blow up.
PEPE Price Prediction as Meme Coin Flips Polygon (MATIC) Based on Frog in Market Cap
PEPE price surged 13% today, currently trading around $0.0000168, marking a new all-time high. This surge propelled PEPE’s market capitalization above $7 billion, slightly more than Polygon (MATIC)because this meme coin enters the top 20 cryptocurrencies by market capitalization.
Popular crypto analyst Patel, who has 64,000 followers on He highlighted the stark contrast between the two projects, with PEPE being a coin while Polygon offers tangible utilities such as scaling Ethereum, facilitating staking rewards, enabling governance voting and powering decentralized finance (DeFi) applications and platforms.
BREAKING: MEMECOIN $PEPE FLIPS $MATIC IN MARKET CAPACITY 🚀#MATIC Utility:
1⃣ Ethereum Ladders
2⃣ Staking Rewards
3⃣ Governance votes
4⃣ Pay transaction fees
5⃣ Powers DeFi and DApps😂 And guess what?
Piece of money #PEPE I just returned #Polygon in market capitalization!Welcome to the crypto guys… pic.twitter.com/kU9VVoLU26
-Crypto Patel (@CryptoPatel) May 27, 2024
Patel’s statement highlighted the surprising nature of a coin like PEPE surpassing a project like Polygon in terms of market capitalization, reflecting the sometimes irrational nature of the crypto market.
altFINS provided detailed technical analysis, suggesting a bullish breakout for PEPE. According to their assessment, PEPE price decisively broke the $0.000012 and $0.000015 resistance levels, confirming an established uptrend. Based on Fibonacci extension levels, which are commonly used to identify potential price targets, the next key resistance areas have been identified at $0.0000164 (100% Fibonacci extension level) and 0 $.0000211 (161.8% Fibonacci extension level).
While the Relative Strength Index (RSI) indicated an overbought condition with a reading above 70, altFINS noted that the RSI was not overextended, suggesting that the current momentum could potentially continue without an immediate correction .
altFINS highlighted that PEPE price action was exhibiting a “resistance breakout” pattern, which is a bullish signal. When a price breaks above a resistance area, it generally indicates that buyers have successfully absorbed all of the selling pressure from sellers at that level, allowing the price to resume its upward trajectory. After a resistance breakout, the nearest resistance area often becomes a viable price target for the asset.
In terms of potential support and resistance levels, altFINS identified the closest support zones at $0.000012 and $0.0000092, while the nearest resistance zone was highlighted at 0.000021 $.
Considering the strong uptrend in the short, medium and long term, as well as the resistance breakout pattern, PEPE price could potentially target the $0.000021 resistance zone in the near future. However, as the RSI is in the overbought zone, we could see a pullback before the next move higher.
FLOKI Price Analysis
FLOKI is not left out in the current market frenzy. FLOKI price increased by 17% today, reaching $0.00026. Notably, FLOKI’s all-time high of $0.0003, reached during the 2021 bull run, is not far away.
Bluntz, an The painting is really pretty, in my opinion.
get pre $pépe high vibrations all the time $FLOKI.
the graphic looks really nice imo + bonk guy @theunipcs he’s been all over this one for months. pic.twitter.com/xQwww0uKlk
– Bluntz (@Bluntz_Capital) May 27, 2024
Bluntz’s analysis suggests that if FLOKI continues to follow the same pattern as PEPE, the next price target could be around $0.00045, representing a substantial upside of around 73% from current levels.
Will the next coin explode?
While PEPE and FLOKI dominate the coin space, a newcomer is preparing to enter the fray. YouTube channel 99bitcoins, with over 700,000 subscribers, today presented a video on Dogeversa new coin project that has raised over $15 million, potentially making it one of the best crypto presales over there.
According to the video, Dogeverse is touted as an interesting project due to its multi-chain capabilities, allowing it to operate on various blockchain networks such as Ethereum, Binance, Polygon, Avalanche, Base and Solana. This multi-deck technology enhances its utility and sets it apart from other meme coins.
The Dogeverse presale is coming to an end, with only 8 days remaining at the time of publishing, so this is your last chance to buy DOGEVERSE before its launch on the stock exchanges at the beginning of June. The project has already gathered a community, with more than 37,000 followers on and engagement on platforms like Telegram. The roadmap includes phases of development, commercialization and centralized stock exchange listing, which are expected to drive the growth and value of the project.
Conclusion
As the price of PEPE continues to climb, setting new all-time highs, and FLOKI rises as well, the coin frenzy shows no signs of slowing down. As investors search for the next potential coin to explode, Dogeverse is emerging as a potential contender, backed by its unique multi-chain capabilities and a sizable community.