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 buyers drawn again into the crypto market by Bitcoin’s rise to $100k.
The meme coin market capitalization is up by 6% on Sunday and a number of 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 distinguished buyers 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 day by day buying and selling quantity has additionally impressed consultants. Being out there for buying and selling on Tier-1 exchanges like Binance, Coinbase and Dogwifhat, it’s at the moment 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 significant upswing.
Bybit dealer Bluntz factors out that the WIF worth has damaged by way of the higher boundary of its accumulation vary with excessive quantity.
Utilizing Elliot Wave Theory, Bluntz initiatives that the Dogwifhat worth might hit the $10 mark by the primary quarter of 2025.
One other distinguished 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 the moment buying and selling at $3.73 with a $3.7 billion valuation and a formidable $1.4 billion day by day buying and selling quantity.
Some buyers are eyeing one other Solana meme coin, Peanut The Squirrel. Following its all-time excessive of $2.27, the meme coin sensation noticed a gradual decline. Nonetheless, experts sign that it has shaped a bullish rounding backside sample, suggesting that the PNUT coin might explode once more.
Just a few analysts consider that new patrons can see vital returns from the meme coin earlier than the 12 months’s finish.
Buyers Eye Main Returns From Catslap
Some buyers are looking out for low-cap memes that would supply 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 a list 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 the moment buying and selling at $0.00738, set for a significant breakout from a bullish pennant in its 4-hour chart. A day by day shut above the higher trendline might pave the way in which for a brand new all-time excessive.
Catslap is a meme coin with robust fundamentals, together with a deflationary token provide, owing to its common burn occasions and buyback program.
The favored Slap-To-Earn sport, 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 robust neighborhood 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 might 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 subsequent meme coin to blow up. Contemplating its small-cap valuation of simply $33 million, the projection won’t be a pipedream.
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