Pepe

Shiba Inu

<img src="https://cdn.thebittimes.com/images/2024/06/19/1718810416.webp" width="800" height="490" alt=""> 
Despite the recent dump in crypto prices, the memecoin category has managed to see an uptick today, with the leading tokens mostly staying in the green. In fact, Pepe, the third biggest memecoin by market cap, recently made its all-time high, leaving investors to speculate even more growth for the token in the coming weeks. 
But is the largest frog meme token likely to see another pump? Or is it overvalued? 
<h2 dir="ltr" id="span-pepe-s-price-history-and-current-range-span">Pepe’s Price History And Current Range</h2> 
A simple search for the frog-themed token will come up with thousands of results, with most of them being bullish predictions by investors, analysts, and crypto research companies. The project, launched in 2023, had been making headlines for several months already before its meteoric pump in January 2024.&nbsp; 
The popular meme coin witnessed a growth of more than 800%, as it climbed from a market cap of about $500 million to more than $4 billion within a single month. 
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXd6SUSEnP-Xllk9f8QGeWvjYWq6jU-2FaWnhl6MXub5AOZdhS_S0ItTmG4qMax0vGnHP6iquEDAX4oEzGZxvEI4uljvNDvzbNT9V-bJ9o5W5onKy8jLUWHarUNSVH4oGYhWCTve4xOVDi1IPDI3IbwzhN5V?key=IqKH-m1EbwgdLxr9Mi_XWA" width="602" height="445" style="display: block; margin-left: auto; margin-right: auto;"> 
However, it was after its following correction that PEPE really took off in value. The project managed to rise from a now corrected $2.5 billion valuation to more than $7 billion, which is where it recorded its all-time high price at $0.000017.&nbsp; 
Now, Pepe token has dipped in value once again and is trading within the $0.000011 range. At the time of writing, PEPE is the third largest memecoin in the category with a total market cap of about $4.77 billion. 
<h2 dir="ltr" id="span-investors-believe-that-pepe-will-pump-and-catch-up-to-the-top-two-span">Investors Believe That Pepe Will Pump And Catch Up to The Top Two</h2> 
For several years now, Dogecoin and Shiba Inu have held a considerable lead in terms of valuations within the meme category. DOGE currently sits at a market cap of more than $17 billion, while Shiba Inu follows with a $10 billion market cap. The disparity between all other memecoins and the top two, however, is massive, as PEPE, <a href="https://coinmarketcap.com/view/memes/" target="_blank" rel="noopener">being third</a>, is only worth $4.7 billion.&nbsp; 
However, the token has been gaining massive traction in recent months, which has caused several investors to believe that Pepe may be looking to close the gap by inching towards a $10 billion target. This would mean another 100%+ return for PEPE holders, which, given the current influx of funds into the crypto space, seems realistic. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> looking good for another leg up.. <a href="https://t.co/06IwH7QUXX">pic.twitter.com/06IwH7QUXX</a> — Mags (@thescalpingpro) <a href="https://twitter.com/thescalpingpro/status/1803368166409773181?ref_src=twsrc%5Etfw">June 19, 2024</a>
</blockquote> 
Several investors as well as popular crypto analysts have already shared their analysis on the project and the likelihood of it pumping in value. Given its current trend, the memecoin has strong support at $0.000010. If this support breaks, then there may be a possibility of another slump in value, or the token may simply move sideways for some more time.&nbsp; 
But if PEPE manages to make a reversal, then it is likely that it may move further up to test its latest resistance range, which is the all-time high itself. 
But while investors do seem to be fairly bullish about the project, one has to take into consideration that the project has already seen considerable growth in recent weeks.&nbsp; 
Consistent growth may be possible but quite difficult, especially since the overall crypto market has seen a drop in value recently.&nbsp; 
Some memecoin enthusiasts also had polar opinions about the project, as they believed that the token may now be likely to experience an accumulation phase or a slight correction to regulate its overall value in the long term. 
<h2 dir="ltr" id="span-surge-in-demand-for-a-low-cap-high-potential-pepe-alternative-wienerai-span">Surge in Demand for A Low Cap, High Potential Pepe Alternative - WienerAI</h2> 
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXd19dS8Svwye8-_IysRkGNJz34T8dm5gzZrGD7jl-SWB0xkRCa1nO3202_syAoCjvanr6sVplazWfeeygkQovuWtzeiPUIt8fAwNpzLuvS47FmmnjQNkRud_ijYoMxlf2tf6RveVY8cAnjLKpYi1u92j5JR?key=IqKH-m1EbwgdLxr9Mi_XWA" width="602" height="476" style="display: block; margin-left: auto; margin-right: auto;"> 
While there is a general notion that PEPE’s price may increase, given its current high market cap, one cannot expect massive returns like the token once boasted of. Even a 2x from its current valuation will require a massive amount being invested, which is why investors have been on the lookout for tokens with a smaller market cap but similar potential. 
<a href="https://cryptofinance.care/b_wienerdogai-en_80752?referrer=pepe-coin-poised-for-another-pump---investors-on-the-lookout-for-low-cap-alternatives" target="_blank" rel="noopener">WienerAI</a> has caught the attention of the wider memecoin community as an excellent alternative to PEPE. The project is still in its presale phase and has already raised more than $6 million.&nbsp; 
Its theme is set in 2132, New Silicon Valley, where a character called The Architect, who is portrayed as a mad scientist, creates a cybernetic canine AI to merge AI and Pup, two crypto-verse essentials. An accidental drop of sausage DNA leads to a unique, astounding creation. This hilarious twist has captivated social media, trending with posts and stories about WienerAI. 
<a href="https://www.youtube.com/@JacobCryptoBury" target="_blank" rel="noopener">Jacob Crypto Bury</a>, one of the leading crypto influencers with over 40k subs on YouTube, made a video about it a month ago talking about WienerAI’s 100x potential.&nbsp; 
<iframe width="1191" height="670" src="https://www.youtube.com/embed/r6iDh-M-Rzk" title="WienerAI NEW 100X Potential Meme Coin - Best CRYPTO TO Buy Now?!?!" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
<a href="https://cryptofinance.care/b_wienerdogai-en_80752?referrer=pepe-coin-poised-for-another-pump---investors-on-the-lookout-for-low-cap-alternatives" target="_blank" rel="noopener">WienerAI</a> aims to simplify yet enhance AI-powered trading for investors. Its distinctive appeal has garnered attention from major crypto media outlets and top crypto YouTubers. Besides its innovative trading solutions, WienerAI offers passive income, claiming it as a community-strengthening feature.&nbsp; 
Over 5.4 billion tokens have already been staked, with an exceptionally high reward rate of 190%. This rate will decrease as the presale continues, making early buyers likely to benefit from a high APY rate, significantly boosting their potential gains. With its mix of humor and cutting-edge technology, WienerAI is making waves in the crypto world, and with its small market cap, investors seem to be fairly interested in parking funds into the project as well.&nbsp; 
With the presale set to end soon, the launch of WienerAI could end up with the token seeing a massive pump, making it one of the best tokens to buy for huge returns—both in the short term as well as the long term. 
<a href="https://cryptofinance.care/b_wienerdogai-en_80752?referrer=pepe-coin-poised-for-another-pump---investors-on-the-lookout-for-low-cap-alternatives" target="_blank" rel="noopener">Visit WienerAI</a>
Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/pepe-poised-for-another-pump-investors-on-the-lookout-for-low-cap-meme-coin-alternatives-tbt93610.html">https://thebittimes.com/pepe-poised-for-another-pump-investors-on-the-lookout-for-low-cap-meme-coin-alternatives-tbt93610.html</a>

Pepe Poised For Another Pump? - Investors On the Lookout For Low Cap Meme Coin Alternatives

Table of Contents

TheBitTimes

Other articles published on Jun 19, 2024

Coinbase Introduces Pre-Launch Markets for Futures Contracts

Filecoin (FIL) Reaches Seven-Month Low, Prepping for a Comeback

Crypto Fear and Greed Index shows ‘greed,’ but is the on-ground reality different?

Best Crypto Presale in June 2024 – With $2M+ In a Month, MoonBag Walks Over BitBot And Slothana

30X Gains Incoming for Cardano’s ADA; Is $1 Back on the Cards?

MoonBag’s Sensational Presale Run Dwarfs Bonk & Dogwifhat, Offers High ROI and 88% APY on Staking

Join our free newsletter for daily crypto updates!