Meme coins have been the talk of the crypto market over the past two weeks.
Right now, three trending tokens – Bonk, Pepe, and Dogeverse – are jostling for position.
But which of these tokens has the most potential to surge in the latter half of 2024?
BONK Breaks Free, But Is The Rally Sustainable?
Let’s kick things off by looking at Bonk (BONK).
After consolidating in a tight range for a few weeks, BONK finally broke free on Monday morning.
The bullish surge pushed it to its current price of $0.0000367, a level that hasn’t been seen since mid-March.
And that surge wasn’t a fluke either.
BONK is now ranked as the fourth most traded meme coin, with over $823 million in spot volume since yesterday.
The key question is whether this rally has legs.
On one hand, BONK is fast approaching a massive ceiling of resistance that’s held firm for over two months.
According to crypto analyst Panzuki.eth, if BONK were to pass that level and then breach $0.043, it would be in price discovery mode.
An upside target in this scenario would likely be $0.050, given its psychological importance.
But on the other hand, exhaustion from such a vertical move could also come into play.
Any break below the $0.000028 level, which previously acted as the top of the consolidation range, would invalidate the bullish hypothesis.
PEPE Hits New All-Time High & Overtakes Dogecoin’s Trading Volume
Even more impressive than BONK’s rally is that of Pepe (PEPE) coin.
The coin has been on an absolute tear, hitting a new all-time high of $0.0000146 just prior to writing.
PEPE had broken its previous all-time high on Tuesday – and that momentum has continued over the past 48 hours.
And amidst the buying frenzy, PEPE has snatched the crown as the most traded meme coin on the planet with over $3 billion worth of the token changing hands since yesterday.
That’s nearly double the volume of second-place Dogecoin (DOGE).
Moreover, PEPE is now the 7th most traded crypto overall, flipping giants like Binance Coin (BNB).
The narrative making the rounds is that PEPE’s rally is fueled by speculative mania around potential “Ethereum beta” plays.
If that long-awaited spot ETH ETF finally gets announced, tokens like PEPE, which use the ERC-20 standard, could be prime beneficiaries.
So, is this bullishness sustainable, or just another flash in the pan for PEPE?
Crypto trader Munoz believes it’s the former, predicting PEPE could push to the “155 levels” – which would be around $0.0000155.
However, if the size of the previous bullish impulse is replicated, PEPE could soar even higher to $0.000020.
Could New Meme Coin Dogeverse Explode?
For those seeking a meme coin in the earliest stage of its life cycle, Dogeverse (DOGEVERSE) could be worth checking out.
This project has already raised over $15 million in investment as it prepares for imminent DEX listings.
For those who haven’t yet invested, the presale window is closing – meaning there’s only a short time left to buy DOGEVERSE tokens for $0.00031.
After the presale ends, DOGEVERSE will be listed on the open market.
But what’s drawn so much interest in Dogeverse and its crowdfunding stage?
For one, Dogeverse is the first genuinely multi-chain meme coin deployable across Ethereum, BNB Chain, Polygon, and more.
That flexibility and interoperability are major coups in today’s crypto market.
Dogeverse also has a suite of other features, like a staking protocol and a capped 200 billion token supply.
10% of these tokens have been set aside to provide DEX liquidity, while 25% will be used to fund marketing campaigns.
Speaking of marketing, Dogeverse’s Twitter page has already amassed over 21,000 followers – impressive for a presale project.
So, how high could DOGEVERSE’s price go once listed on exchanges?
If presale demand translates to post-listing demand, DOGEVERSE’s current presale price of $0.00031 is likely to rise rapidly.
Analyst Jacob Bury believes this is the case, forecasting that the token could “100x” in value.
This would price DOGEVERSE at $0.031 and give it a theoretical market cap of $6.2 billion.
A more conservative target is $0.0031, representing a 10x increase from the presale value, which would see the token’s market cap reach $622 million.
YouTuber Myles G Investments believes this is a plausible scenario – even describing it as the “best meme coin to buy now” in a recent video.
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