Here’s Why the Pepe Price Has Exploded, Which Meme Coins Could Surge Next?
Release: 2024/01/12 15:19 Reading: 717
The post Here’s Why the Pepe Price Has Exploded, Which Meme Coins Could Surge Next? appeared first on Coinpedia Fintech News
It has been an excellent few days for Pepe (PEPE) holders, with the token’s value exploding by almost 40%.
In this article, we look at PEPE’s uptrend and highlight three alternative meme coins that could be next to surge.
PEPE Price Turns Bullish Amid Crypto Market Optimism
PEPE’s price has just tapped the $0.00000144 level at the time of writing – its highest since December 28.
The token has closed bullishly in each of the past three days, breaking above the 50-day exponential moving average (EMA) on the daily time frame.
According to Santiment, PEPE trading volume has also spiked massively to around the same level it was in mid-December.
Driving this price surge is PEPE’s positive technicals, including the bounce from support at $0.00000103.
This support level has been in play since early November, and PEPE has used it as a springboard to soar higher.
Additionally, investor sentiment in the broader crypto market has been buoyed by the approval of 11 spot BTC ETFs in the US.
Although these ETFs have nothing to do with PEPE, their approval has uplifted the entire crypto market – creating a favourable environment for most coins and tokens.
Which Meme Coins Could Be Next to Surge?
PEPE has been grabbing the headlines in the meme coin space over the past 24 hours, yet it’s not the only token with positive growth prospects.
Listed below are three alternative meme coins that could be next to surge if crypto market conditions continue improving.
1. Sponge V2 (SPONGEV2)
One under-the-radar meme coin that could be primed for a price surge is Sponge V2 (SPONGEV2).
As its name suggests, Sponge V2 is the second iteration of the Sponge project, building on the success and lessons learned from its predecessor.
This version aims to offer enhanced features and a more robust ecosystem, including integration with an upcoming play-to-earn (P2E) game.
Alongside this P2E integration, Sponge V2 debuts a “Stake-to-Bridge” model that allows holders of the original SPONGE token to stake and earn SPONGEV2 tokens as yield.
At the time of writing, the reward rate on this Stake-to-Bridge model is set at 351% per year.
More than $3.9 million worth of SPONGE has been staked since Sponge V2 was announced last month, indicating strong investor confidence in the potential of this new version.
This confidence is further bolstered by the attention that Sponge V2 is receiving from crypto influencers, with the likes of ClayBro mentioning the token in recent videos.
As SPONGEV2 gears up for its market debut in the coming weeks, this meme coin could also be in line for a price surge like PEPE.
Prospective investors can buy and stake SPONGE to receive SPONGEV2 by heading to the sponge.vip website.
2. Meme Kombat (MK)
Another meme coin that could be in line for a price pump is Meme Kombat (MK).
Meme Kombat is not yet available on the open market, yet the project’s presale phase has raised more than $6.6 million in funding.
The presale is now in its final stage, with investors given one last chance to buy MK tokens at a discounted rate before their Uniswap debut.
Once officially launched, Meme Kombat’s team will release the flagship battle arena, which features AI-animated fights between popular meme coin mascots.
Users can bet on these fights using MK tokens for the chance to win sizable payouts.
On top of the battle arena feature, Meme Kombat also has a staking protocol for MK – meaning there are two potential income streams for investors.
These aspects combined have generated enormous buzz around Meme Kombat’s prospects, given the sheer volume of no-utility meme coins that flood the market each month.
With more than 11,300 people actively participating in Meme Kombat’s Telegram community, MK looks well-placed for growth in 2024.
Those interested in the ongoing presale can buy MK tokens for just $0.279 during the final stage.
3. Dogechain (DC)
Lastly, Dogecoin (DC) is a low-cap meme coin that has also been catching the eye of investors lately.
Dogechain is an EVM-compatible blockchain built using Polygon’s framework, creating an efficient bridge between Dogecoin and Web3 capabilities.
It brings features like DeFi, NFTs, staking, and yield farming to the Dogecoin ecosystem.
Although Dogechain isn’t an official Dogecoin project and hasn’t been endorsed by its core developers, the DC token has received backing from meme coin enthusiasts.
While still a relatively small project, Dogecoin represents a new way to expand DOGE’s use cases beyond just payments.
At the time of writing, the DC token is trading for $0.00079, 82% below its all-time high.
If the meme coin market continues growing, and investors begin to turn to Dogechain as an extension of the Dogecoin ecosystem, there could be a significant uptick in DC’s value this year.
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