The meme coin sector on the Tron chain is heating up, with Sundog leading the rally.
The top Tron meme token has climbed by another 9% today on Monday and is now trading at $0.31 at press time. Furthermore, the latest Sundog price predictions from experts are showcasing a strong likelihood of a bullish continuation.
The Federal Reserve’s interest rate cuts have brought risk assets like meme coins into the spotlight as investors gear up for an uptick in market liquidity.
For instance, a new meme coin Pepe Unchained (PEPU) has raised nearly $15 million just in its presale. A few smart money investors who are bullish on Sundog also appear to be stacking PEPU, aiming for as much as 10x returns.
Sundog Price Prediction - How High Can The Tron Meme Coin Go?
After Ethereum, Solana and Base, Tron is emerging as the hub of meme coin activity, heavily encouraged by its founder Justin Sun.
波场Tron meme感觉爆发前夜了.... Tron memes are straight up on the brink—feels like they’re about to pop off real soon!
— H.E. Justin Sun🌞(hiring) (@justinsuntron) September 19, 2024
Indeed, the Sundog price is up by nearly 37% over the past month, as compared to an 11% decline in Pepe and a 10% dip in Dogwifhat.
However, experts believe that the meme coin remains undervalued. For one, it is still trading 16% below its all-time high.
More importantly, it has a market capitalization of just $317 million, in comparison to the $3.4 billion Pepe and $1.87 Dogwifhat valuations. It wouldn’t be a surprise if the top Tron meme coin pushes towards a billion-dollar valuation, especially if Justin Sun continues to publicly hype up the ecosystem.
As such, SUNDOG is showing signs of rapid adoption. The meme coin hit 500,000 holders today, a remarkable achievement for a relatively new meme coin.
It has also been listed on dYdX and Bitunix, with speculations rife that a Binance listing could be coming next. After all, Binance has been on a meme coin launching spree, which includes new low-cap tokens like First Neiro On Ethereum.
The recently launched Sundog staking program - which offers up to 54% APR - is also creating quite a buzz.
The latest Sundog price predictions from experts also highlight a strong likelihood of bullish continuation.
For instance, popular crypto trader Anbessa points out that the meme coin is creating a “textbook bull flag” above the $274.5 million market cap, which is a key horizontal support. A reclaim of the $330 million market cap will likely result in another upside move.
Similarly, prominent crypto YouTuber Jacob Bury expects SUNDOG to hit a $500 million valuation, despite a few potential dips along the way.
Finally, Sundog bulls believe that it will reach a multi-billion dollar valuation in the next crypto bull run. Interestingly, the SUNDOG price saw an unexpected 21x wick to $1 billion earlier this month. Experts believe that this wick will eventually be filled in the coming weeks.
Mission retrace the wick in full effect. $SUNDOG pic.twitter.com/TOoD49VEJf
— woods.ai (@robw00ds) September 23, 2024
Why Experts Are Calling Pepe Unchained The Next 10x Crypto?
As such, low-cap meme coins are in high demand during a bull market. Furthermore, the Binance listing of First Neiro On Ethereum - a low-cap meme coin - has supercharged this demand.
For instance, whales are stacking Pepe Unchained (PEPU), a new meme coin which has already raised $14.7 million in its presale. Interestingly, PEPU has surpassed NEIRO’s pre-Binance valuation in the ICO itself.
Pepe Unchained is attracting a lot of eyeballs owing to the upcoming launch of its native Layer-2 chain on Ethereum.
PEPU - as well as other meme coins that launch on the chain - will see extremely low trading costs and much faster transactions as compared to Ethereum, which is the perfect formula to drive up retail investment.
Furthermore, Pepe Unchained’s staking program is also contributing to the hype. As compared to SUNDOG’s 54% staking APR, PEPU stakers are currently receiving an APY of over 140%.
Therefore, it is no surprise that whales and smart money investors are bullish on PEPU’s upside potential. The aforementioned crypto YouTuber Jacob Bury - who was one of the early Sundog bulls - believes that Pepe Unchained could offer as much as 10x returns.
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