With Bitcoin rebounding to $57,000 levels, the meme coin market surged in anticipation of another bull run. The top 5 meme coins all experienced growth over the day, with dogwifhat (WIF) leading the charge.
Investors looking to experience the high of finding a 10x token early are especially excited about this, as recently launched tokens tend to perform well during rallies. Investor’s eyes are turned to Pepe Unchained as its presale crosses $12.5 million.
Dogwifhat Surges 8% With Positive Long-Term Outlook
The 4th largest meme coin – dogwifhat grew 8.12% over the last 24 hours, up to a price of $1.67 per token. Investor interest is extremely high with WIF’s daily trading volume up 77.71% to $403,259,445.
Notably, WIF is still a relatively new token, launching in December 2023. This leaves a lot of questions on if it could grow even further. WIF has already almost made up its losses over the market crash, being down only 6.37% over the month.
The current rally was predicted by X (Twitter) influencer TheoTrader, with almost 100,000 followers. If he continues to be correct, we could see WIF make a massive return to $3 or even $4 levels.
Looking at technical indicators, the market seems to have quite an appetite for WIF. Its long/short ratio is at 2.01 and growing. With twice as many people opening long positions, we could see a long-term increase in WIF prices.
Looking at the funding rate, it’s staying relatively stable but is still positive on most exchanges. X (Twitter) user asad sees similarities in WIF’s current movements with how SOL rallied hard after plummeting to $1 levels.
Pepe & Bonk Race Toward Pre-Crash Levels
WIF isn’t the only major meme coin making big gains. Bonk is up 5.39% over the day, with a significant daily trading volume growth of 35.50%. Its technicals also point toward further growth, with a 1.62 long/short ratio and a 6% growth in open interest.
Bonk’s official X (Twitter) account also unveiled a new partnership today. They’ve partnered up with ATIV, letting listeners earn BONK for listening to music on the platform.
The 3rd largest meme coin by market cap – Pepe has also made significant progress on getting back to pre-crash levels, up 3.76% over the last 24 hours to $0.000007351 per PEPE. Investor interest is at a high, with over $1 billion in daily trading volume representing a 95.77% growth.
While PEPE is still down 11.67% over the month, there are a lot of analysts who expect it to break through the $0.00001 barrier soon.
While these growths are excellent for long-term investors, established tokens rarely make massive moves to go 2x or more.
One new token that is catching eyes is Pepe Unchained, a new presale meme coin that’s raised over $12.5m so far.
Pepe Unchained Crosses $12.5 Million in ICO – Is This the Next Big Meme Coin?
Pepe Unchained (PEPU) is one of the biggest meme coin ICOs of the year, currently selling for $0.0096126 per token. This innovative layer 2 project aims to create a comprehensive meme coin development environment with instant bridging with Ethereum.
One of the biggest issues with ETH meme coins is that Ethereum’s slow transaction speeds and high gas fees can make trading difficult and cut into profits. PEPU aims to provide minimal transaction speeds processing between 1200 and 1500 transactions per second (100x of ETH.)
The project has dedicated a lot to investor security, passing two security audits by Coinsult and Solidproof with flying colors. On top of this, the team dedicates 10% of the total token supply to liquidity to ensure minimal slippage and lower the risk of a rug pull.
Expert sentiment so far is very bullish on PEPU. 99Bitcoins, a YouTube channel with over 700,000 subscribers has been following its development closely. In a recent video, they call PEPU the “next Pepe” and highlight its media presence, predicting “100x potential.”
This Crypto is the Next Pepe Coin?! (100X GEM?!) Pepe Unchained
PEPU’s combination of utility and Pepe’s memetic value alongside robust fundamentals could prove to be all it needs to skyrocket on its DEX launch.
