Meme Coin Price Predictions: PEPE, dogwifhat (WIF), Shiba Inu (SHIB)

Meme coins are performing quite well this weekend, with Ethereum-based PEPE leading the way with a notable increase of 11%, bringing its market capitalization to $6.5 billion.

WIFI price is also performing well, while SHIB price has lagged behind. Let’s dive deeper into the details of these meme coin price predictions.

PEPE Price Forecast

After today’s 11% surge, the PEPE price is trading around $0.000015, close to another all-time high (ATH). PEPE has broken ATH levels multiple times in May.

One of the most influential crypto analysts on X, who has more than 630,000 followers, expressed his optimistic sentiment towards PEPE. He pointed out that the current market capitalization of PEPE is only $6 billion, while DOGE reached a $75 billion market cap during the last cycle, and SHIB reached almost $50 billion. The analyst confidently stated that these figures show that PEPE still has a lot of upside potential.

This statement suggests a forecast that PEPE could potentially reach the market capitalization levels achieved by DOGE or SHIB during the last bull run. Additionally, Altcoin Sherpa with over 216k followers is also announced the He expressed his intention to buy PEPE today.

$pepe Its market cap is only $6 billion.

In the previous cycle, DOGE had a maximum mcap of $75B, and SHIB had around $50B.

I think it’s safe to say that there is still a lot possible for Frog. pic.twitter.com/Dp9f76Bcsu

— KALEO (@CryptoKaleo) May 24, 2024

From a technical perspective, PEPE’s Relative Strength Index (RSI) is hovering between 60 and 65 across all timeframes, indicating that the asset is neither overbought nor oversold. Furthermore, the Moving Average Convergence Divergence (MACD) line is now above the MACD signal line, indicating bullish momentum.

As Ethereum ETF Approval If these factors become a reality, they could also have a positive impact on the price of PEPE, as PEPE is the hottest ERC-20 token of this bull run. Based on these factors, the price of PEPE could potentially continue its upward trend in the near future.

dogwifhat (WIF) price analysis, SHIB price lags

WIF, which until a few weeks ago was the third-largest meme coin in the world in terms of market capitalization, even overtaking PEPE, is now left behind with a market capitalization of around $3 billion after PEPE’s recent surge.

WIF is currently priced at $2.9, while its ATH was set at around $4.8 in late March, indicating that it is trading well below its peak. This suggests that market sentiment is slowly shifting from Solana-based meme coins to Ethereum-based meme coins.

Technically, WIF’s MACD line is below the MACD signal line, indicating potential bearish momentum. Additionally, the RSI is hovering around 50, indicating a neutral market sentiment. Taking these factors into account, WIF’s price action could potentially experience a slow period in the coming days.

As for SHIB, the price has not performed well lately, making it the worst-performing meme coin among the top six by market capitalization this week.

Shibarium Ecosystem Statistics With new accounts being created and daily transactions being low, SHIB’s RSI is around 60, indicating slightly overbought conditions. However, with a strong community supporting SHIB, the price could surge at any time. Despite its recent poor performance, SHIB remains the largest Ethereum-based meme coin, with a market capitalization of $14 billion.

What are the best meme coins to buy right now?

youtuber Jacob Burywith nearly 40k subscribers, recently posted a video highlighting the top meme coins to buy right now, with a special emphasis on the Dogverse. Dogverse It is a multi-chain meme coin that offers video accessibility. The project has strong cash flow and support, enabling it to launch large-scale initiatives. It also supports staking, which offers 52% annual returns, with 30.5 billion tokens currently staked.

The presale for Dogverse will end on June 3 at 10:00 AM UTC, while the claim launch date is set for June 5 at 10:00 AM UTC. According to Burry, the project will have a market capitalization of around $20 million, with a token supply of 200 billion tokens.

While the speakers highlighted the upside potential of the Dogesverse, suggesting that it could become one of the top 20 meme coins with the potential to reach notable price points such as $0.01 or even higher, they also advise caution due to the speculative nature of these predictions.

Another notable project is WienerAIA new AI/meme coin hybrid that is described as “Part dog, part sausage, part AI trading bot.” WienerAI raised nearly $3 million during its pre-sale, reflecting a growing interest in combining meme culture with technologies like AI.

conclusion

To summarize, the meme coin space continues to attract investor attention with its potential gains. While PEPE’s price looks set to surge further, WIF’s trajectory remains uncertain, and SHIB’s performance has been lackluster. Additionally, projects like Dogeverse and WienerAI offer potentially new opportunities for investors to explore in the meme coin ecosystem.

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