Meme coins have struggled in recent months, but this week, we’ve seen an uptick in momentum.
Investors seem to be regaining their appetite for these hilarious tokens.
So, in this article, we’ll share our insights on where five of the hottest meme coins, including PEPE, DOGE, and BRETT, might be headed before the end of 2024.
PEPE Balances on Support as Investors Eye Potential Rebound
Pepe (PEPE), the market’s favorite frog-themed coin, is currently trading for $0.00000769.
It’s been a down day for PEPE, with a 3% dip in the last 24 hours.
Things were looking up earlier this week, but now it seems that PEPE has lost most (if not all) of that bullishness.
Looking at the charts, PEPE is testing its 50-period EMA on the 4-hour timeframe.
This is a crucial point – if PEPE can hold this support, we might see it jump back up towards $0.000010 by September.
But if it breaks below, things could get tricky, with a potential downside target being the psychological $0.0000050 level.
So, as it stands, PEPE’s direction could go either way.
DOGE Struggles to Stay Above $0.10 Amid Slowdown in Trading Volume
Dogecoin (DOGE), the meme coin that started it all, is hovering around $0.103.
It’s been trading sideways, with little action in the past day.
The past week hasn’t been too eventful either, with a slight dip in the coin’s price.
DOGE is struggling around the $0.10 mark, a key psychological level.
The coin keeps touching that price floor but can’t seem to rally above it for an extended period.
To make things worse, trading volumes have dropped, with PEPE flipping it in the rankings.
If DOGE can hold above $0.10, we might see it climb up to the local highs of $0.14 at some point in September.
And by the end of the year, if things go really well, DOGE might even reach $0.20 – a 94% rise from today’s price.
PlayDoge Nears Presale Finish Line as Analyst Speculates It Could 10x
PlayDoge (PLAY) is one of the newest coins on our list.
Still in its presale phase, PLAY tokens are priced at $0.00531 each, and the team has raised over $6.1 million in funding so far.
However, the presale is about to end – and PLAY will then make its grand debut on a DEX.
What makes PlayDoge so exciting are its P2E mechanics.
These mechanics, mixed with PlayDoge’s 90s theme, could set it apart from other no-utility meme coins.
That’s why there’s so much buzz around it – and YouTuber Jacob Bury even speculated PLAY could 10x once it hits exchanges.
If PLAY were to 10x, its price would be $0.0531.
Given the total supply is 9.1 billion tokens, PLAY’s market cap would still only be $499 million.
Ultimately, the future is hard to predict with such a new meme coin.
But a 10x price increase for PLAY isn’t out of the question, given what we’ve seen with other new meme coin launches in the past.
BRETT Benefits from Exchange Listings but Faces Profit-Taking Pressure
Brett (BRETT) has been one of the best-performing meme coins lately.
Unlike PEPE and DOGE, BRETT has been rallying, hitting a high of $0.116 on Tuesday.
The listings on Upbit and Binance Futures gave it a serious boost.
But what goes up must come down – and BRETT is experiencing a bit of a reality check today.
Currently priced at $0.0875, BRETT couldn’t maintain itself above the key $0.10 level.
It seems traders decided to take profits after the recent surge, causing a sharp pullback.
The road ahead for BRETT is interesting.
If the token can reclaim $0.10 and hold above it, we might see it make a run towards $0.15 by October.
However, if this downtrend persists, a more likely target would be a retest of support around $0.075.
Pepe Unchained’s Layer-2 Vision Gains Traction, But Can It Rally After Launch?
Last but not least is Pepe Unchained (PEPU).
This new meme coin is drawing attention even before its official launch.
It’s still in presale, but has already raised a massive $9.7 million in funding, with PEPU tokens priced at $0.0091996 each.
People are so excited mainly because of Pepe Unchained’s vision for the future.
Pepe Unchained’s team is developing a Layer-2 blockchain specifically for meme coins, claiming speeds 100 times faster than Ethereum.
If the project lives up to the early hype, we could see its price jump to $0.05 shortly after listing on exchanges.
And by the end of 2024, an optimistic target could be $0.18.
That would be an almost 20x increase from the current presale price.
It’s a bold prediction – but one that could prove accurate given Pepe Unchained’s ambitious roadmap.
