Memecoins
These Undervalued Memecoins Will Reach $1 Billion Market Cap in 2024!
As Bitcoin price maintains its value above $64,500, the cryptocurrency market has regained momentum and has shown strong bullish price action since the start of the week.
Additionally, mid-cap and small-cap memecoins have seen the highest gains in the past few days, indicating growing investor interest in these crypto tokens to maximize their profits.
Scroll down because in this article, we have covered the top 2 small-cap memecoins that have a high potential to hit the $1 billion market cap mark this year.
PeiPei (ETH) (PEIPEI) price is showing strong bullish sentiment:
Launched on the Ethereum contract, this memecoin instantly attracted massive attention from the cryptocurrency market, earning it a rise of around 1,000% since its inception this year. Moreover, it has continued to trade in an ascending channel pattern since June.
TradingView: PEIPEI/USDT
Positively, this memecoin has skyrocketed by 222.40% in the last 30 days and secured the 284th position in the global cryptocurrency market list with a capitalization of $147.70 million.
The Relative Strength Index (RSI) failed to break above the overbought zone. However, the SMA indicator is consistently acting as a support for the price chart in the 1D time frame, suggesting mixed sentiment for PEIPEI price this week.
A bullish price action could allow PeiPei (ETH) price to reach a new milestone in the next bullish period. However, if a trend reversal occurs, the memecoin will break its support trendline and register new lows.
Nubcat (NUB) Price Evolution:
Built on the Solana blockchain, the Nubcat project is a community of crypto enthusiasts, curious beginners, and cat lovers. Inspired by the best cat memecoin tokens, its native token “NUB” acts as a mode of transaction for its project.
TradingView: NUB/USDT
With a trading price of $0.02650 and a self-proclaimed market cap of over $25 million, Nubcat crypto has secured the 2,629th position in the global crypto market list.
The SMA and MACD technical indicators are each registering a growing bearish sentiment in the crypto space, indicating an increase in the negative influence of the NUB memecoin in the crypto space.
If the bulls continue to dominate the market, Nubcat price will prepare to retest its previous all-time high (ATH) in the coming months. However, bearish price action could pull the memecoin towards its crucial support level of $0.0120.