2 Meme Coins To Buy As PEPE Ignites 100X Surge In 2024

Meme Coins Surge: PEPE Rockets to New Highs

Meme coins are revitalizing the cryptocurrency market, with PEPE leading the charge. This leading token in the meme coin category soared to a new all-time high earlier on Tuesday.

PEPE Coin Price Analysis

The PEPE Coin price analysis indicates a potential for sustained growth, with a target of at least $0.000013. Despite retracing to $0.00001050, the coin recently reached a new all-time high of $0.00001146.

Factors Driving Meme Coin Rally

A surge of bullish sentiment is propelling meme coin prices. Select meme coins, including PEPE Coin with its 11.6% gain in 24 hours, are experiencing double-digit growth. The cumulative 30-day surge for PEPE has reached 106%, with an additional 31% increase in a week and a 60% gain in two weeks. Other notable meme coins performing well on Tuesday include Floki, BOOK OF MEME, Popcat, Abu Apustaja, and Mog Coin.

Sluggish Major Cryptocurrencies Fuel Meme Coin Frenzy

The lack of volatility in major cryptocurrencies like Bitcoin and Ethereum has likely contributed to the surge in meme coin popularity. As Bitcoin trades within a narrow range, investors seeking short-term gains are flocking to highly volatile digital assets.

PEPE Coin Price Analysis: Potential Targets

PEPE Coin is benefiting from the momentum of an inverse head and shoulders pattern. This pattern suggests a 50% target near $0.000013. The Moving Average Convergence Divergence (MACD) indicator also supports the uptrend. As long as the blue line remains above the signal line, the upward trajectory is likely to continue.

Pepe Coin Price Chart | Tradingview

PEPE Coin is positioned above three key bull market indicators: the 200-day Exponential Moving Average (EMA), the 50-day EMA, and the 20-day EMA. A daily close above $0.00001 support could confirm the uptrend, potentially leading to targets of $0.000013 and $0.0001 in the long term.

Alternative Meme Coin Investments

Investors considering PEPE Coin may also want to explore other potential meme coins. Solana meme coins like dogwifhat and Bonk offer promising returns. After strong gains in Q1, these coins are currently trading at a discount of 10% and 5.8%, respectively. Despite a recent 5.4% decline in dogwifhat's value, its long-term potential is evident in its 18% increase over two weeks and 8% gain in 30 days.