- Memecoin Price Prediction 2023 – up to $0.0348
- Memecoin Price Prediction 2026 – up to $1.25
- Memecoin Price Prediction 2029 – up to $6
- Memecoin Price Prediction 2040 – up to $12.50
Meme coins have sparked a lot of buzz in the cryptocurrency world, and one particular token that has gained considerable attention is Memecoin (MEME). As the native ecosystem token of Memeland, which is the web3 venture studio by 9GAG, MEME holds a special place in the meme community.
With any new cryptocurrency comes the question – what will its price be in the future? In this article, we’ll take a deeper look into Memecoin and try to make a price prediction for MEME.
The live Memecoin price today is $0.031859 USD with a 24-hour trading volume of $91,614,851 USD. Memecoin is down 1.29% in the last 24 hours. The current CoinMarketCap ranking is #158, with a live market cap of $282,504,655 USD. It has a circulating supply of 8,867,360,382 MEME coins and a max. supply of 69,000,000,000 MEME coins.
Memecoin price analysis: MEME token retraces below $0.03 after a failed breakout
TL;DR Breakdown
- MEME token faces volatility, retracing to $0.02967 after a peak of $0.03730.
- A failed breakout above $0.03 indicates a possible shift from bullish to bearish sentiment.
- Key support levels at $0.027 and $0.024, with long-term bullish potential above $0.02.
The cryptocurrency market has been experiencing extreme volatility in recent weeks, with many altcoins making significant gains and retracements. One of the most popular altcoins that have captured the attention of investors is the MEME token, also known as Memecoin.MEME token formed lower lows at $0.03085, towards the start of a new week and touched a high of $0.03730 during the weekend, before experiencing a sharp retracement back to its current price of $0.02967.
MEME/USD daily chart analysis: Bullish momentum fading
The MEME/USD daily chart shows a strong uptrend that started in mid-December and continued until the weekend. However, towards the opening of today’s trading session,a minor retracement took place, showing a potential weakening of the bullish momentum. The price has also dropped below the 50-day moving average, indicating a possible shift in market sentiment from bullish to neutral or bearish.
Last week, the MEME token made an attempt to break above the key resistance level at $0.03, which has previously acted as a strong barrier for price movements. However, the breakout was short-lived as the price failed to hold above this level and quickly retraced back below it. This is often considered a bearish sign, as it shows that buyers were unable to sustain enough momentum to push the price higher.
Possible support levels to watch out for
In case of a continued retracement, the MEME token may find support at the $0.027 level, which has acted as a previous resistance turned support in early January. If this level fails to hold, the next potential support could be found around the $0.024 level, where the 100-day moving average is currently positioned.
Buyers may still have a chance to push the price back up in the long term, as the MEME token has shown strong support around the $0.02 level and has been trading above its 200-day moving average since mid-December. This indicates that there is still bullish sentiment in the market for long-term investors.
On the daily chart, faint bullish signals can be seen, with the Relative Strength Index (RSI) hovering around the 50 level and showing a potential for further upside movement. However, caution should be exercised as the Moving Average Convergence Divergence (MACD) has shown a bearish crossover on the daily chart.
MEME/USD 4-hour chart analysis: Bulls defend key support level
Looking at the 4-hour chart, we can see that the price has found some support around the $0.03 level after the sharp retracement. This level also coincides with the previous resistance turned support mentioned earlier.
However, buyers will need to break above the $0.03250 level to regain bullish momentum and potentially retest the $0.03730 high. On the other hand, if the price breaks below the $0.03 support level, it could continue its downward trend toward the next potential support at $0.027.
The Relative Strength Index has risen above the 50 level, indicating some bullish momentum in the short term. However, the MACD is still showing a bearish crossover, suggesting that there may be further price retracement before any potential upward movement.
The price of the MEME token is up by over 1.89% in the last 24 hours, with low price movements observed in the last few hours. This could be attributed to market indecision as investors wait for clearer price direction. Looking ahead, the price of MEME could experience further volatility, especially with the current market conditions if the price manages to trade above the $0.033 level, and then above the recent high of $0.03730.
What to expect from Meme token price analysis
the MEME token has experienced a sharp retracement after its failed breakout attempt above the key resistance level at $0.03. The short-term outlook remains uncertain as bulls and bears continue to struggle for dominance in the market. However, long-term investors may still have a chance to enter at lower price levels and potentially ride the next bullish wave, as the token has shown strong support above the $0.02 level.
Memecoin Price Prediction 2023-2050 by Cryptopolitan
Memecoin Price Prediction 2023
According to the Memecoin price forecast for 2023, MEME coin is expected to see prices fluctuate between a minimum of $0.027 and a maximum of $0.0348, with an average price settling around $0.030.
Memecoin Price Prediction 2024
Memecoin price forecast for 2024 suggests Memecoin’s value could increase, with a minimum price of $0.040, an average of $0.055, and a potential maximum reaching up to $0.065.
Memecoin Price Prediction 2025
In 2025, our Memecoin price forecast estimates a significant rise, with the price ranging from a minimum of $0.87 to a maximum of $1.12 and an average price hovering around $0.9.
Memecoin Price Prediction 2026:
The Memecoin price prediction for 2026 suggests that the MEME coin’s trend could dip slightly, with a minimum price of $0.65, an average price of $0.75, and a maximum price potentially reaching $1.25.
Memecoin Price Prediction 2027
The MEME coin price prediction for 2027 shows further growth, with a minimum price of $1, an average of $1.125, and a maximum price of $1.85.
Memecoin Price Prediction 2028
In 2028, the growth trajectory continues, with the prices expected to be at a minimum of $1.5, an average of $1.75, and a maximum of $2.5.
Memecoin Price Prediction 2029
Memecoin price prediction 2029 estimates a notable surge, with minimum prices at $2, an average of $4, and a maximum price potentially soaring to $6.
Memecoin Price Prediction 2030
The year 2030 might see a variation in the price, ranging from a minimum of $1.35, an average of $2.85, to a maximum of $4.5.
Memecoin Price Prediction 2040
Looking far ahead to 2040, Memecoin is expected to stabilize at higher values, with a minimum price of $6, an average of $8.5, and a maximum of $12.5.
Memecoin Price Prediction 2050
Our future projection for 2050 suggests a significant increase, with Memecoin potentially reaching a minimum price of $14, an average of $15.75, and a maximum of $25.
Memecoin Price Prediction by CoinCodex
The memecoin price forecast by Coincodex suggests that the MEME coin will drop by -2.15% and reach $ 0.026381 by December 3, 2023. According to our technical indicators, the current sentiment is Bearish, while the Fear & Greed Index shows 68 (Greed). Memecoin recorded 12/24 (50%) green days with price volatility over the last 30 days. Based on Coincodex, Memecoin forecast, now is the wrong time to buy Memecoin.
Based on the historical price movements of Memecoin and the BTC halving cycles, the yearly low Memecoin price prediction for 2024 is estimated at $ 0.024312. Meanwhile, the price of Memecoin is predicted to reach as high as $ 0.038052 next year. Using the same basis, here is the Memecoin price prediction for each year until 2030.
Memecoin Price Prediction by DigitalCoinPrice
According to Digitalcoinprice, Memecoin (MEME) will undergo significant growth and fluctuations in the coming years. In the short term, by the end of 2023, MEME is expected to see its price oscillate, with a possibility of a slight decrease initially followed by a substantial rise in mid-December.
The anticipated maximum price by 2025 could reach up to $0.0933, with a minimum of $0.0787. 2024 might see MEME breaking the $0.0692 barrier with a steady average of around $0.0681. The following years, particularly 2025 and 2026, could witness further ascents in MEME’s price, with potential highs reaching $0.0933 in 2025 and around $0.12 in 2026.
The long-term forecast for Memecoin remains optimistic. Predictions for 2027 suggest a significant surge, possibly exceeding $0.12, and continuing this upward trajectory through 2028 with a potential maximum of $0.15. By 2029, MEME is expected to reach around $0.20, marking substantial growth over five years. The years 2030 and beyond hold even more promise, with forecasts indicating MEME could surpass $0.28 by 2030 and potentially reach upwards of $0.50 by 2032, demonstrating a long-term positive trend for this cryptocurrency.
Memecoin MEME Overview
Meme coins are a category of cryptocurrencies based on memes and meme culture. They have gained popularity in crypto due to their unique nature and appeal to a younger audience. Memecoin MEME is no exception, with its quirky branding and dedicated community.
Dogecoin was the frontier in the meme coin world, and since then, we have seen a steady rise in the number of meme-inspired tokens. The potential of meme coins cannot be ignored, as seen by the success of SHIB, DOGE coin, and many more meme coins that have emerged on the market. PEPE coin displayed the underlying potential in meme coins after realizing a market cap of over $1 billion. Memecoin (MEME) has the potential to have a similar impact on the market.
What is Memecoin MEME
Memecoin (MEME) token is a native cryptocurrency of the Memeland ecosystem, developed by 9GAG. Memecoin (MEME) presents an intriguing case in the cryptocurrency landscape, primarily because it openly declares having no intrinsic value or functionality and does not promise any form of financial return, profit, or dividend.
Despite this straightforward admission, MEME has garnered substantial attention and investment within the cryptocurrency community. This interest reflects a cultural phenomenon in the digital asset world, where community interest and the cultural significance of memes rather than traditional financial metrics or utility can drive perceived value and engagement.
The Memeland ecosystem, closely associated with MEME, features a series of unique PFP (Profile Picture) collections, each with its thematic focus and community value. These collections include “You the real MVP,” featuring 420 gold trophies as a token of appreciation for the community; “The Potatoz,” a set of 9,999 meme and pop culture-inspired PFPs that function as the base-level membership of Memeland; and “The Captainz,” consisting of 9,999 PFPs with traits inspired by pirates and pop culture, representing the premier-level membership.
These collections serve as digital collectibles and play a role in the governance of the Memeland DAO (Decentralized Autonomous Organization), contributing to the decision-making process and growth of the Memeland ecosystem. The Captainz, in particular, have first access to new developments, including the Memeland metaverse project, Treasure Islandz.
Memecoin Price History
Memecoin was launched on 28th October by the renowned internet humor platform 9GAG and has quickly become a significant player in the meme coin market. The Memecoin garnered immense popularity through a unique launch strategy involving a fire sale and strategic social media airdrops to cultivate a robust and dedicated community. This approach proved highly successful, with the fire sale raising over $11 million and selling more than 11.4 billion MEME tokens at $0.001 each, representing a 150% surge from what the team initially planned.
Looking at its price history since 27th October 2020, MEME saw its first price pump on the same day, reaching a high of $0.02868. The MEME token price remained above $0.0020 until 7 November, when a minor pullback occurred below the $0.0200 level. Memecoin continued trading around the $0.020 level, with minor fluctuations, until the price spiked again on 4 January, reaching an all-time high of $0.04075 on November 15th.
Memecoin recorded an all-time low of $0.0751 on 14 January, following a significant market correction. This dip was short-lived, and the token’s price quickly rebounded. The memecoin has been trading at around $0.0268 for the past few days.
More on Memecoin Token
Memecoin (MEME), post its fire sale, has witnessed remarkable developments in the crypto market, notably with its inclusion on Binance’s spot market and the Binance Launchpool. This listing and its introduction on other major exchanges like MEXC, BitMEX, and Bybit significantly boosted its visibility and trading volume.
Despite an initial 36% drop in price following the fire sale, MEME has shown a strong recovery, surging by 128% and experiencing a 60% increase in the last 24 hours. This growth is largely attributed to speculative interest and robust community engagement, as evidenced by its substantial social media following. Currently, Memecoin ranks as the fifth-largest meme coin globally by market capitalization and leads as the most-traded meme coin in daily volume.
Memecoin Tokenomics
Memecoin (MEME), as per its tokenomics, has a total supply of 69 billion MEME tokens. The token distribution is structured in a phased manner, with the first 2.7% of the total supply, amounting to approximately 1.863 billion tokens, becoming available on October 27. Following this initial release, the remaining tokens will be gradually unlocked over eighteen months. This phased approach to token distribution is often adopted in the cryptocurrency space to manage supply and potentially stabilize the token’s market value over time.
Conclusion
Memecoin cryptocurrency has exhibited strong potential for growth over the past month, with its price stabilizing and steadily increasing. With several price predictions by reputable sources, it is evident that Memecoin has the potential to continue its upward trajectory in the coming years, making it a promising investment opportunity for those interested in cryptocurrency.
If investors continue to show interest and support for this meme-based digital asset, there is a high likelihood that Memecoin will continue to grow and potentially reach new heights. However, as with any investment, it is essential to research and carefully consider all factors before making financial decisions.
