Meme coin prices continue their extremely bullish trajectory, with tokens such as Floki and Pepe emerging as the top crypto gainers once again. The Bitcoin price finally reached a new all-time high of $70,000 on Coinbase, providing fresh legs to the ongoing meme coin rally.
Floki crypto was the top-performing meme coin on Saturday, surging by a staggering 36% in the span of 24 hours. Its market capitalization has now reached $2.3 billion, making it the fourth-largest meme coin on CoinMarketCap.
Pepe recorded another strong day as well, trading as high as $0.0000098 before a marginal retrace back to $0.0000087.
Solana meme coins experienced marginal pullbacks after an explosive performance earlier in the week. However, analysts remain confident that the dips will be bought up very quickly and Bonk, Dogwifhat and Smog will restart their parabolic trajectories once again.
Indeed, Smog has already rallied by 500% over the past 30 days and appears poised to reach a $1 billion market capitalization.
Floki and Pepe Prices Explode – How High Can They Go?
Floki has emerged as one of the best-performing crypto during the ongoing bull run. Over the past 7 days, Floki coin has rallied by 125%, posting the highest gains of any top 100 cryptocurrency on CoinMarketCap. The meme coin has surged by 37% on Saturday itself.
The Floki ecosystem has witnessed a strong surge in bullish activity this week. $FLOKI was listed on Coinhako – the largest crypto exchange in Singapore – on Friday. It also got listed on CoinMENA, one of the biggest institutional and retail crypto exchanges in the Middle East. Digital trading company Uphold also launched the meme coin on its platform.
According to its Twitter account, Floki is the most traded cryptocurrency on the South Korean exchange Bithumb and Turkish exchanges BTCTurk and Paribu. After all, the meme coin is currently seeing a daily trading volume of over $2.5 billion, making it the 11th most traded cryptocurrency on CoinMarketCap. According to crypto social analytics platform LunarCrush, Floki is the world’s most trending cryptocurrency.
Floki’s total value locked (TVL) has also reached an all-time high of $658 million, more than the combined TVL of Pepe, Doge, Shiba Inu and Bonk.
Analysts believe that the Floki still has tremendous upside – after all, it is still 25% below its previous all-time high. Several smart-money traders also believe that Floki could be the next Dogecoin and appears poised to replicate $DOGE’s 2021 price rally.
Pepe is another meme coin that is primed for its next upside move. Smart-money traders continue to treat Pepe coin as “leveraged ETH” and with Ethereum continuing to push towards a new all-time high – especially with the final deadline for spot ETH ETF quickly approaching – $PEPE could go parabolic again over the next few weeks.
Several analysts such as David Gokhshtein, a Fox Business contributor, believe that Pepe could flip Shiba Inu in the coming months.
Solana Meme Coins Tumble – Buy The Dip?
Solana meme coins took a breather on Saturday, with Bonk and Dogwifhat both experiencing a decline of 7% while Smog is down by 14%. However, such pullbacks during the current bull market are not uncommon and present excellent “buy the dip” opportunities.
For instance, the $SMOG price fell by 30% from $0.3031 to $0.2341 before skyrocketing by 62% to reach a new all-time high of $0.38.
Could Smog Be The Next Big Solana Meme Coin?
Smog has outperformed top Solana meme coins such as Bonk and Dogwifhat over the past week, rallying by 215% despite the dip today.
Since its launch on February 7th, the Smog price has skyrocketed from $0.001419 to an all-time high of $0.38, representing a staggering 26,670% rally. Even at its current price of $0.29, Smog is up by a remarkable 20,336% in just 30 days. The new meme coin already has a market capitalization of $225 million and could hit the $1 billion mark in the coming weeks.
Analysts such as Jacob Bury and Franklin Emmanuel believe that Smog could offer up to 1000x returns during the current bull market.
Smog’s ambitious airdrop campaign is a strong reason behind its parabolic price trajectory. The campaign promises the “greatest airdrop in Solana history”, aiming to reward over 10,000 community members who hold $SMOG. Investors can register for the airdrop of Zealy and complete daily quests to increase the probability of a large airdrop allocation.
Additionally, after its launch on Solana, Smog has also launched on Ethereum and is therefore benefitting from the growth in both tokens. Interested buyers can buy Smog with ETH at a 10% discount, which will also allow them to stake their holdings and earn 42% APY.
