Meme coins have had another strong start to the week with the total market cap rising 4.3% to $64.6 billion at the time of press. Leading the way are two of the hottest meme coins of 2024 – Dogwifhat and Pepe with gains of 12.27 and 7.5% respectively.
Finding considerable support at $3.20, Dogwifhat has surged over the weekend and at the time of press recorded a price of $4.18. Meanwhile, Pepe broke the previously strong $0.0000075 resistance to push through and register a new local high of $0.000007825.
Such strong price action tells us meme season is still live and shows no signs of slowing down. Solana meme coin Eggdog leads the charge with a 39% increase over the last 24 hours. This is closely followed by Base chain favorite, Degen with 38%.
Dogwifhat’s recent performance demonstrates its resilience in the face of what had been a market-wide pull-back. In fact, the price of native token $WIF gained 99% in the last 30 days alone showing remarkable resistance in what has been an overbought market recently.
Dogwifhat & Pepe Lead Meme Coin Gainers on Monday
The latest price movements of Dogwifhat show that the coin is flipping the previous resistance of $4.00 into a stable level of support in order to build further.
Pepe meanwhile, needs to break through the $0.0000090 barrier to realistically consider the prospect of registering new all-time highs.
Dogwifhat’s recent price action has also caught the attention of several leading market commentators:
Although it’s hard to pinpoint the exact reason why both coins are pumping this morning, a recent price prediction by Coincodex this morning could be behind the recent surge of Dogwifhat. The prominent website sees a price of $17 by 2025 which is sure to raise a few eyebrows.
Pepe on the other hand recently surged to a $3.79 billion market barrier which caught the attention of the wider crypto market, forcing the coin into the spotlight. Such a high profile has led many experts to speculate on the future potential of Pepe with many seeing it as a realistic rival to Doge.
Dogecoin20 Could be the Next Meme Coin to Pump
Given the recent price action of cryptocurrencies Dogwifhat and Pepe, it is safe to say that Solana meme coins are one of the hottest narratives of 2024. With this in mind, the meme coin with the highest potential to pump next is believed to be Dogecoin20.
Loosely based on the popular token much loved by Elon Musk, Dogecoin20 is a cheaper, faster and more secure version of the world’s biggest meme coin. In fact, Dogecoin20 is just how Elon would have made it.
Due to its ERC-20 roots, Dogecoin20 is more eco-friendly than its power-hungry counterpart making it a more attractive investment option.
What’s more, $DOGE20 holders can also stake their tokens to earn passive staking rewards. The rewards are calculated on your share of the overall staking pool so in other words, the more you stake, the more you earn.
There are no tiers to the presale meaning everyone pays the same price. Furthermore, once all tokens have been sold, the presale ends and the token supply is locked. This has been done to ensure that no tokens are dumped on the first day of trading.
To learn more about the project, head over to the official website. To keep up to date on all the latest news and project updates, be sure to follow the team on X and join the exclusive Telegram channel.
