The Bitcoin worth hitting the $100,000 landmark made the meme coin supercycle inevitable, and it now appears to be underway.
Whales are aggressively accumulating high meme cash, now joined by a surge of retail traders drawn again into the crypto market by Bitcoin’s rise to $100k.
The meme coin market capitalization is up by 6% on Sunday and several other high tokens like Pepe (PEPE) have already reached a brand new all-time excessive. Solana meme cash Popcat, WIF, and PNUT have additionally shaped a neighborhood backside and are breaking out of key resistance ranges.
New meme cash like Catslap are additionally in excessive demand. The SLAP worth is already up by 6000% since its launch, with some outstanding traders nonetheless eyeing main returns.
Pepe, Dogwifhat, PNUT Costs Explode – Time to Go All in on Meme Cash?
The highest Ethereum meme coin Pepe (PEPE) is main the present meme coin rally, reaching a brand new all-time excessive of $0.00002644 in early Sunday hours. The rally noticed the highest frog-themed meme coin surge previous the $11 billion mark.
The token has since corrected to $0.00002477 however seems poised for a bullish continuation, contemplating it has breached its multi-week resistance trendline.
Pepe’s every day buying and selling quantity has additionally impressed consultants. Being accessible for buying and selling on Tier-1 exchanges like Binance, Coinbase and Dogwifhat, it’s at present seeing a quantity of over $7.6 billion, the sixth highest of any cryptocurrency on CoinMarketCap.
Some analysts like Crypto Bratan are extraordinarily bullish on Pepe’s short-term upside, projecting it to hit the $20 billion mark earlier than the year-end.
$PEPE CLOSED A CLEAR DAILY CANDLE ABOVE ALL RESISTANCE!!! $PEPE 20B MARKETCAP WITHIN 9 DAYS
AND WITH IT THE INEVITABLE FLIP OF $SHIB BY $PEPE pic.twitter.com/9RqOU4SLtg
— Crypto Bratan (@cryptobratan1) December 8, 2024
The highest Solana meme coin Dogwifhat can be prepared for a serious upswing.
Bybit dealer Bluntz factors out that the WIF worth has damaged by means of the higher boundary of its accumulation vary with excessive quantity.
Utilizing Elliot Wave Theory, Bluntz tasks that the Dogwifhat worth may hit the $10 mark by the primary quarter of 2025.
One other outstanding analyst CryptoJack additionally highlights that the WIF has shaped a bullish cup-and-handle sample in its 4-hour time-frame, which has a worth goal of $6.50.
Dogwifhat is at present buying and selling at $3.73 with a $3.7 billion valuation and a powerful $1.4 billion every day buying and selling quantity.
Some traders are eyeing one other Solana meme coin, Peanut The Squirrel. Following its all-time excessive of $2.27, the meme coin sensation noticed a gentle decline. Nevertheless, experts sign that it has shaped a bullish rounding backside sample, suggesting that the PNUT coin may explode once more.
Just a few analysts imagine that new patrons can see important returns from the meme coin earlier than the yr’s finish.
Traders Eye Main Returns From Catslap
Some traders are looking out for low-cap memes that would provide outsized returns within the coming supercycle.
Catslap (SLAP) has emerged as one such microcap token that has caught their consideration. The meme coin launched on Uniswap in late November with an inventory worth of $0.0001179. Inside three weeks, it has already reached an all-time excessive of $0.01, representing a staggering 8400% progress.
SLAP is at present buying and selling at $0.00738, set for a serious breakout from a bullish pennant in its 4-hour chart. A every day shut above the higher trendline may pave the way in which for a brand new all-time excessive.
Catslap is a meme coin with sturdy fundamentals, together with a deflationary token provide, owing to its common burn occasions and buyback program.
The favored Slap-To-Earn recreation, which permits gamers to slap public characters like Chris Brown, can be tied to its burn schedule. A portion of the token provide is burnt when the “slapometer” hits sure milestones.
Furthermore, Catslap has sturdy group backing, as is typical of all tokens impressed by viral memes. Its token holder is nearing the 15k mark, whereas its social media accounts are additionally seeing spectacular progress.
The meme coin has now began going dwell on Tier-1 CEXs, launching earlier this week on MEXC. The Catslap web site has one other countdown for a “main announcement”, which may imply one other top-tier CEX itemizing is coming quickly.
Unsurprisingly, some crypto consultants are bullish on the meme coin’s upside potential, with few calling it the following meme coin to blow up. Contemplating its small-cap valuation of simply $33 million, the projection may not be a pipedream.
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