1 month ago
22
With Bitcoin approaching the historic $100k milestone, the meme coin frenzy is hitting up once again, with top tokens like Dogecoin, Pepe, and even entrants like Catslap experiencing classic pump on the price charts.
Over the past 30 days, Dogecoin jumped 180% to hit the $0.3877 level, raising optimism that the meme coin king might finally be heading towards the eagerly-awaited $1 mark.
Similarly, Pepe – the third meme coin by market cap – has surged by 130% since its multiple listings on Coinbase and Robinhood, setting a new all-time high of $0.000025 barely two days after the news went viral.
The massive uptrend in the global meme coin space also extends to newly-launched tokens, with the likes of Pepe Unchained and Catslap among the best performers.
Will Pepe or new meme tokens overthrow Dogecoin?
Is DOGE Ready For Another Major Pump?
Donald Trump’s resounding victory at the US polls, coupled with rumors suggesting Elon Musk as the next head of the Department of Government Efficiency (DOGE) have set the stage for a parabolic pump in the price of Dogecoin. A zoomed-out look at the daily charts shows that the meme king is trading in the green, with a noticeable surge of approximately 5%.
More so, according to Coinglass data, Dogecoin’s open interest and volume have surged, indicating that new money is flowing into the market. The open interest is up 10% to $3.32B, while the volume has increased 0.25% to $11.91B, cementing the potential bullish breakout in the near term.
Meanwhile, the DOGE price might be cooling off, as the meme coin is in a typical consolidation phase, allowing investors to enter the market before the next uptrend. The token shows signs of a bullish breakout as it oscillates between $0.36 and $0.40. This sideway trading may act as an accumulation period before the bulls initiate another rally, targeting the $0.45 mark and beyond.
Dogecoin Bulls Aim For a Bullish Breakout
Dogecoin’s price is currently trading at $0.36 and $0.40, showing positive momentum, which could result in a bullish breakout soon. The cryptocurrency has established strong support at $0.14 and $0.20, indicating potential stability in its upward trajectory. Moreover, the Golden Cross is in play, suggesting a long-term bullish outlook in the DOGE market.
However, traders are advised to exercise caution as the Relative Strength Index (RSI) pushes into the overbought region. The RSI sits at the 75.27 strength level, indicating a correction is imminent.
In such a case, the DOGE price could chase the $0.27 support level. Conversely, the chart reveals a strong support zone around $0.34, with prior consolidation and pullbacks fueling a bullish breakout. A breach and close above the resistance in the current range could send DOGE toward $0.45 or above $0.5 soon.
Can Pepe Or New Cryptos Overtake DOGE?
With Pepe blowing up on the price charts – taking the most advantage of the Bitcoin-led bull run to set new highs – there is a growing sense of optimism that it could rival Dogecoin in the long run. While DOGE is far ahead, boasting over $58 billion market valuation, its growth has been quite sluggish over the past year. The meme king has not really kept pace with the rest of the market unlike Pepe.
Pepe, on the other hand, has been on fire since its launch in 2023, breaking through the ranks to establish itself as the third-largest meme coin by market cap. The “Pepe the Frog” token has also experienced more than 1000% growth over the past year unlike Dogecoin with just a 400% surge. If Pepe continues to retain the support of its vast community, it could probably reach the $60 billion threshold in the coming years, thereby taking a place atop the meme coin sector.
However, achieving this feat will require multiple bull cycles as Pepe’s growth is also somewhat limited due to its current status as a high-cap meme coin.
With this in mind, the next wave of newly-launched meme coins demonstrates better potential of rivaling well-established meme coins, including Pepe and Dogecoin.
New Low-Cap Meme Coins That Could Challenge DOGE – Pepe Unchained & Catslap
Among a host of new meme coins that have launched this year, Pepe Unchained and Catslap have quickly gained traction, drawing investments from every corner of the crypto market. In this segment, we dive deep into the key aspects of both tokens, analyzing why they could become the next gems in the high-flying meme coin space.
Pepe Unchained ($PEPU)
Having captured the imaginations of the investing community, raising over $40 million in presale, Pepe Unchained has emerged as a strong contender to flip Dogecoin and other high-cap tokens in the meme coin market segment.
Central to its viral appeal is its iconic Pepe branding, lucrative staking perks, and most importantly its revolutionary Layer-2 chain. The novel meme coin embodies the ethos of the “Pepe the Frog” lineage but clearly distinguishes itself by focusing on real-world utility, giving it both short and long-term potential.
Described as the upgraded version of Pepe, Pepe Unchained is the first meme coin to develop a native Layer-2 chain, giving it a big edge over its predecessors. The chain is well-equipped with multiple functionalities like Pump Pad, built-in DEX, dedicated block explorer, analytical tool, bridge, and builders’ grant, making it a go-to hub for developers and investors alike.
Primarily, the chain will address all the challenges that have restrained meme coins, particularly the ones on the Layer-1 chain from achieving their full potential. From lightning-fast transaction throughput to ultra-low fees, Pepe Unchained makes sure that even frenetic activity can be handled without delays or congestion. Moreover, its optimal efficiency level elevates investors’ trading experience, ensuring that investors do not miss out on potential market opportunities.
Most importantly, Pepe Unchained has been audited by two major blockchain security firms – Coinsult and Solidproof, enhancing its credibility and trustworthiness.
When it comes to staking, the project is offering presale buyers an unparalleled opportunity to maximize their earnings. However, with the presale coming to a close in the next 20 days, investors have only a short window to benefit from this lucrative staking incentive.
Ahead of its highly-anticipated launch, several experts have tipped Pepe Unchained to make a significant mark in the meme coin landscape, potentially outperforming Pepe, Dogecoin, and even Dogwifhat.
With its outstanding presale success and rapidly-growing social media popularity, Pepe Unchained stands out as a strong contender for a Binance listing, a development that could bring at least 10x post-launch pump for the token.
Those willing to buy $PEPU at the lowest price it could be before its full market debut can visit the website of the project to join the presale now. Currently priced at $0.012 per token, $PEPU can be purchased with ETH, USDT, BNB, credit/debit cards.
For the latest information about the project, follow Pepe Unchained on X or join its Telegram channel.
Catslap ($SLAP)
Initially launched as a private sale on Best Wallet, Catslap is yet another newly-launched meme coin with huge potential. This new cat-themed token has entered the market to achieve just one core purpose – putting an end to the agelong dominance of dog and frog-inspired tokens ruling the charts. It has brought crypto’s most aggressive feline to knock off the likes of Dogecoin, Dogwifhat, and even Pepe.
While it shares the same root with the likes of Popcat and Mog Coin, Catslap has distinguished itself with its highly immersive and engaging mini-game, enriched with a tapping mechanic. This simple game brings crypto enthusiasts from various locations together to engage in a slapping competition to earn slapping points for the countries they belong to.
To ensure transparency, a “Slapometer” has been put in place to show the real-time performance of each country based on the total slaps and slappers in its favor. What makes the game more intriguing is the strong sound that comes with each slap, adding a layer of realism to the engagement.
Thanks to its distinct style, Catslap’s mini-game has been generating heavy buzz, with people across popular areas like Brazil, the United States, the United Kingdom, Portugal, France, and even Canada unleashing the powers of click-and-slap to push their countries to the top of the global “slap-off.”
Even without an earning mechanic attached, the thrill embedded in the game, coupled with the presence of a global leaderboard has drawn wide interest and fostered a sense of competition that can bring the community together. Given the massive excitement greeting the game, Catslap has the potential to build a wider global community, exposing it to a more diverse investor base.
Moreover, despite being relatively new, Catslap has quickly caught the attention of well-known crypto traders like Riccardo Bossio. In a recent tweet, Riccardo says Catslap’s current status as a low-cap meme coin gives it massive growth potential, making it an ample investment option for investors looking to fully capitalize on the ongoing bull cycle.
Michael Wrubel, another famous crypto analyst with over 300k subscribers on YouTube, also shared bullish insights into $SLAP’s potential, predicting big gains ahead.
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