Meme Coins Explode as Bitcoin Crosses $100K: PNUT, Dogecoin, PEPU Among Top Gainers

But what projects can explode next?

Dogecoin Approaches Yearly High

After the market selloff this week; analysts believe Dogecoin is now positioned for its next leg up.

It’s currently trading at $0.41, up 6.4% today, down 4.6% this week, and up 14% this month. DOGE has a $61 billion market cap and a $6.25 billion 24-hour trading volume.

Today’s pump could well mark the end of its recent pullback, with prominent trader Crow suggesting it will veer toward a new yearly high after finding strong support at $0.36.

Per the analyst price chart, DOGE could finish 2024 above $0.6.

Meanwhile, Ali Martinez notes that whales bought 210 million DOGE during the pullback. This shows strong belief among smart money traders that Dogecoin’s rally will continue.

Dogecoin has risen approximately fourfold since October, fueled by Elon Musk’s recent appointment to head the US Department of Government Efficiency (D.O.G.E).

The coincidental similarity between the name D.O.G.E and Dogecoin’s ‘DOGE’ ticker symbol has proved a meme-worthy topic for Elon Musk and the wider Dogecoin community.

PNUT Ralies 19% On Coinbase Listing

Peanut the Squirrel is another meme coin popularized by Elon Musk. Musk used it as a rallying cry during Donald Trump’s presidential campaign.

It became the fastest meme coin to reach a $2 billion market cap after a landmark Binance listing. However, PNUT retraced as the market cooled down, finding support around the $1 mark ($1 billion market cap).

Today, Peanut the Squirrel has rallied 19%, adding approximately $200 million to its market cap, reflecting a return of interest in the project.

A Coinbase listing announcement sparked PNUT’s recent rally. The listing is expected to go live in under 48 hours.

It’s currently trading at $1.26, and it is at breakeven this week but up 163% this month.

Biggest ICO Launch Of 2024 Pepe Unchained Surges 98%

While Dogecoin and Peanut the Squirrel have made gains today, Pepe Unchained reminds us of the power of new meme coin projects.

After a record-breaking presale that raised over $70 million, the project launched on decentralized exchanges on Wednesday and is now trading at a whopping $300 million market cap.

PEPU is up 98% today and 325% since the DEX launch. Yet, it continues to show massive interest. It’s currently the number 1 trending token on CoinMarketCap, sitting above Dogecoin, Bitcoin, and every other cryptocurrency globally.

The project has built the first-ever Pepe-themed Ethereum layer 2 blockchain. It launched alongside the token launch and got off to a flawless start, processing massive volume without a hiccup.

Next up, the team is launching a meme coin launchpad like Solana’s Pump.fun, and PEPU will also list on tier-1 exchanges.

There’s also speculation that Elon Musk is involved with the project since he switched from Dogecoin memes to Pepe memes just as Pepe Unchained was launching.

https://x.com/LUNADEATH5/status/1866503217808568716

Given its innovative use case, analyst Umar Khan told viewers on the 99Bitcoins YouTube channel that it has the potential to explode from here and “take over the crypto space.”

What Meme Coins Can Explode Next?

Pepe Unchained’s rapid growth underlines the benefit of investing in meme coins early, so those seeking similar growth should be looking for the hottest emerging projects.

Crypto All-Stars is the closest thing to Pepe Unchained right now. It’s a truly innovative meme coin project undergoing a scorching hot presale.

The project has raised over $12 million in funding, and the number is increasing by between $500K and $1 million per day.

They’re building a meme coin staking app that lets users deposit meme coins like Dogecoin, Shiba Inu, Pepe, Floki, and Bonk to generate passive income.

Users can maximize their returns by holding $STARS or staking it for extra returns.

The presale ends in eight days, and then $STARS will be listed on exchanges.

As Pepe Unchained has shown, there’s a massive demand for Pepe-themed cryptos. Wall Street Pepe is another promising alternative right now.

It combines the nonchalant demeanor of Pepe Coin with the ambitious energy of Jordan Belfort, creating an army of hungry traders who want to get rich.

The project equips its community with institutional-grade tools such as trading signals, data insights, meme coin picks, and alpha calls. There is also a trading insiders group, trading rewards, and staking.

Wall Street Pepe is undergoing a presale and has raised $6 million so far. The current price is $0.000211, but this will rise throughout the ICO.

Flockerz is another trending presale token. The project has created a Vote-to-Earn decentralized autonomous exchange (DAO). This allows $FLOCK holders to vote on decisions relating to the project’s future and get paid for it.

Its innovative concept ensures decentralization and gives the community a heightened sense of ownership, which could lead to more long-term growth potential.

The presale has raised $5.8 million so far and is currently priced at $0.00635. The next price increase will occur in two days.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.