The meme coin asset class is seeing signs of strong bullish activity, with tokens like Dogwifhat, Floki and Pepe on the cusp of major bull rallies.
A 5% bounce in the Pepe price has resulted in the meme coin breaking out of a multi-week accumulation zone, poised for a major continuation.
Meanwhile, Dogwifhat and Floki also appear set for bullish reversals, provided that Bitcoin can continue its bullish trajectory.
Whales are also hunting for new meme coins, with Memebet Token being one of the coins in the highest demand. Some traders are aiming for 100x returns with MEMEBET.
Pepe, Dogwifhat and Floki Prices Bounce – How High Can They Go?
Meme coins continue to outperform every asset class, with no signs that the trend will shift in the coming months.
Meme tokens currently present excellent buying opportunities, considering most of the top projects have seen healthy corrections from their respective all-time highs.
For instance, the Pepe price is trading at $0.0000078 with a market capitalization of $3.2 billion, 54% below its all-time high.
In fact, some experts believe that the popular frog-themed meme coin could reach a peak valuation of $50 billion in this cycle, which would mean over 16x returns for new buyers.
Indeed, PEPE is on the cusp of a bullish breakout, having breached its multi-month accumulation zone.
Popular crypto trader The Don Of Apes (@TheDonOfApes) highlights that the meme coin is trading within a descending channel.
Historically, its best moves come after breaking such patterns. He believes that a flip of the upper trendline could trigger a 107% rally to $0.000016.
Meanwhile, smart money investors are also eyeing the top Solana meme coin with interest. The Dogwifhat price is currently trading at $1.58, with a market capitalization of $1.5 billion, nearly 70% below its all-time high.
However, the WIF price could see a strong upside move to $2 and beyond if it manages to flip the resistance at $1.70.
Floki also presents an excellent buying opportunity, considering it is trading at $0.000127 with a valuation of $1.22 billion, nearly 60% below its peak value.
The bulls will look to target and flip its 10-month SMA and EMA, both of which are currently trading between the $0.00013 and $0.000136 range.
Whales Buy Memebet Token – Is This The Next 100x Meme Coin?
Smart money investors are not making the mistake of underestimating new meme coins with low-cap valuations.
For instance, a new GambleFi-themed meme coin – Memebet Token – has raised $22k in its presale, behind heavy whale buys. Indeed, a deep-pocketed investor recently poured $50k into MEMEBET.
Memebet Token is the native cryptocurrency of Memebet Casino, the first-ever meme coin-based gambling platform.
Players can use top meme coins like Dogecoin, Shiba Inu and Pepe to play in the casino, that too on their Telegram app without any KYC verification.
Unsurprisingly, players using MEMEBET to wager in the casino have exclusive rewards in store for them, including P2E airdrops, VIP bonuses and lootboxes.
Telegram has emerged as the hotbed of several successful crypto projects like Notcoin and Hamster Kombat and experts believe that Memebet Casino could be next.
After all, there is a reason why it has already landed key partnerships, including being the Regional Sponsor of the Argentina National Football Team. Indeed, MEMEBET holders may find a signed Lionel Messi T-shirt in their lootbox.
Unsurprisingly, experts are bullish on MEMEBET’s upside potential, with some calling it the next 100x crypto.
