High Returns, High Risk! Top 3 Meme Coins to Watch in This Crypto Season
Zafar Naik12 Jul 20242 min read
Dive into the world of meme coins: discover massive gains, vibrant communities, and the latest trends in crypto excitement!
In this crypto season, meme coins are benefiting the crypto community more than Bitcoin and Altcoins. This cycle has seen the rise of many meme tokens. Let’s look at three meme coins that are becoming very popular.
PeiPei
We’ve covered PeiPei before, and its rapid rise is hard to ignore. This token, inspired by Pepe, emerged just a month ago and has already skyrocketed by over 28,000%. With a market cap of $139.01 million, PeiPei is currently trading at $0.063279.
Analytical tools show a major support zone around $0.062502, and the RSI indicates it is oversold, suggesting a potential price correction. PeiPei’s Twitter following has grown to 17,000, and it ranks third among top trending coins, just behind Bitcoin and Render.
PeiPei’s trading volume has surged by 49.77% in the past week. While other major coins are struggling, PeiPei’s chart remains in the green.
PEPU: The Hottest Pre-Sale in Town
Pepe Unchained (PEPU) is currently the hottest pre-sale in the crypto world, having raised $3 million so far. Despite its website branding it as a joke coin, the community’s enthusiasm suggests otherwise.
The speed of fundraising indicates significant interest from both retail investors and crypto whales. The pre-sale price stands at $0.0083591, with 273 million PEPU tokens already staked.
According to the official website, the current staking reward is 608.82 PEPU per ETH block.
PEPU’s popularity stems from its whitepaper, which outlines PEPU as a layer 2 solution built on the ETH ecosystem to offer enhanced speed and reduced fees.
BONK: The Dog-Themed Powerhouse
Bonk is a dog themed Solana-based meme coin that has outperformed Dogwifhat. Since its launch in December 2022, Bonk token has given its investors a return of 586,888.94% at its peak in March 2024. Many meme coins claim to go 500x, but Bonk has actually delivered.
Currently trading at $0.00002420, Bonk boasts a market cap of $1.67 billion. Its Twitter community has swelled to 325,500 followers. The charts suggest that Bonk is due for a correction, but given its impressive rise over the past six months, another significant surge could be on the horizon.
Meme Coin Market Overview
The total market cap of meme coins now stands at $42 billion. In 2021, when there were fewer meme coins, the market cap reached nearly $90 billion. Back then, meme coins had more staying power.
Nowadays, some developers cash out early, abandoning their communities. Therefore, it’s crucial to research any meme coin thoroughly before investing. Remember, only invest what you can afford to lose.
Also Read : Memecoins Outclassed by Major Tokens: BONK Losing the Grip, WIF, FLOKI, & BOME Prices Plunge!
Thinking of joining the meme coin craze? Which of these three tokens piques your interest the most, and why?
