Pepe Coin

Pepe

NEXT GEN PEPE

The meme coin market is&nbsp;buzzing with excitement&nbsp;as on-chain data points to a buy signal for four prominent cryptocurrencies in this segment. Dogecoin (DOGE), Pepe Coin (PEPE), Bonk, and <a href="https://coingape.com/markets/dogwifhat-price-analysis-as-solana-whale-scoops-2-9m-worth-of-wif-price-set-to-rally/" target="_blank" rel="noopener noreferrer nofollow">dogwifhat (WIF)</a> have emerged among the top ten cryptos by open interest, according to recent derivatives data by CoinGlass.&nbsp;
Notably, this surge in interest underscores a growing trend among investors towards low-cost cryptocurrencies amid escalating hype.
<h2 id="span-data-preserver-spaces-true-four-meme-coins-with-buy-signal-span">Four Meme Coins With Buy Signal</h2>
CoinGlass recently shared a derivatives chart on the X platform, highlighting the dominance of <a href="https://coingape.com/meme-coin/" target="_blank" rel="noopener noreferrer nofollow">meme coins</a> in the market. The chart showed that Dogecoin, PEPE, <a href="https://coingape.com/bonk-price-rallies-15-why-further-rally-is-imminent/" target="_blank" rel="noopener noreferrer nofollow">Bonk</a>, and WIF now hold four of the top ten spots by open interest, signaling a significant shift in investor sentiment towards these unconventional assets.&nbsp;
Meanwhile, the meme coin sector, known for its speculative nature, has witnessed substantial gains in recent months, further fueling investor enthusiasm.&nbsp;In addition,&nbsp;the buzz has been further amplified by&nbsp;the surge in <a href="https://coingape.com/news/stocks/gamestop-gme-stock-price-rises-19-pre-market-meme-coins-to-echo-rally/" target="_blank" rel="noopener noreferrer nofollow">GameStop Corporation (GME)</a> stock, drawing parallels between meme coins and meme stocks.&nbsp;
<figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://pbs.twimg.com/media/GOqTjVraQAIvSbx?format=jpg&amp;name=large" alt="Meme Coin Derivatives Data" width="752" height="416">
 <figcaption class="wp-caption-text">
 Source: CoinGlass, X
 </figcaption>
</figure>
Notably, the frog-themed coin, <a href="https://coingape.com/pepe-coin-price-smart-trader-nabs-867-profit-pepe-hits-new-all-time-high/" target="_blank" rel="noopener noreferrer nofollow">Pepe Coin (PEPE</a><a href="https://coingape.com/pepe-coin-price-smart-trader-nabs-867-profit-pepe-hits-new-all-time-high/" rel="noopener noreferrer nofollow">)</a>&nbsp;has reached new highs, reflecting growing investor interest in this coin. On the other hand, the Solana meme coins have also seen a surge in popularity, as witnessed by the&nbsp;surge&nbsp;in their prices.
Also Read: <a href="https://coingape.com/mt-gox-denies-10b-bitcoin-bch-selloff-for-repayment/" target="_blank" rel="noopener noreferrer nofollow">Mt. Gox Denies $10B Bitcoin &amp; Bitcoin Cash Selloff For Repayment</a>
<h2 id="span-data-preserver-spaces-true-price-amid-risk-opportunities-span">Price Amid Risk &amp; Opportunities</h2>
While the meme coin market presents lucrative opportunities, it also carries inherent risks. Investors should exercise caution and conduct due diligence before venturing into this volatile sector. Despite the recent gains and positive developments, the meme coin market remains susceptible to extreme price fluctuations and speculative behavior.&nbsp;
As the sector&nbsp;continues to evolve, staying informed and vigilant is crucial for investors navigating the unpredictable world of meme coins. Meanwhile, despite the surge in Open Interest, <a href="https://coingape.com/price/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin price</a> fell 3.07% to $0.1646 during writing, while <a href="https://coingape.com/price/pepe-coin/" target="_blank" rel="noopener noreferrer nofollow">Pepe Coin price</a> plunged 4.8% to $0.00001599.&nbsp;
On the other hand, BONK’s price surged nearly 12% to $0.00004216, with its trading volume soaring 65% to $1.12 billion. Simultaneously, the WIF price also noted a surge of 14% to $3.72.
According to CoinGlass data, the DOGE Open Interest (OI) fell 4.5% to $1.01 billion, while the 1000PEPE Coin Open Interest slipped 5.4% to $773.59 million. On the other hand, the 1000BONK OI rose 16.66% to $527.18 million, while the WIF OI advanced 21.26% to $511.64 million.
Also Read: <a href="https://coingape.com/binance-list-this-crypto-multiple-pairs-but-there-a-condition/" target="_blank" rel="noopener noreferrer nofollow">Binance To List This Crypto With Multiple Pairs, But There’s A Condition</a>
The post <a href="https://coingape.com/top-4-meme-coins-watch-with-buy-signals/" rel="noopener noreferrer nofollow">Top 4 Meme Coins To Watch With Buy Signals</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Top 4 Meme Coins To Watch With Buy Signals

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