Meme Coins Explode Despite Rektember Fears

Meme coins are starting to show significant bullish strength as global liquidity is on the uptick.

Meme coins are rallying once again as global liquidity is on the uptick.

The GMI Total Liquidity Index, an indicator that shows a strong correlation with the Bitcoin price, has started a bullish reversal and is expected to skyrocket in the coming months.

Global Monetary Liquidity is growing at an annualized rate of over 6% for the first time since April 2020, a scenario that is bullish for the crypto market and meme coins.

The meme coin asset class is leading crypto bull runs in this cycle.

DOGE is defying the Rektember projections and is back to trading above $0.102.

Another dog meme coin, NEIRO, is stealing the spotlight with its explosive rally.

After Binance Futures announced the launch of NEIRO Perpetual Contracts, the meme coin has rallied by nearly 700% over the past week.

Institutions such as Wintermute are heavily accumulating NEIRO, which makes it an excellent buy going forward.

Solana meme coins Dogwifhat and Popcat are also up by double-digits over the past week.

Pepe coin is consolidating inside a bullish symmetrical triangle, and a breakout could mean a 400% rally in Q4.

Investors are showing interest in new meme coins, aiming for 100x returns.

Pepe Unchained (PEPU) is seeing one of the hottest presale performances of 2024, having already raised nearly $13 million in a few short weeks behind heavy whale buys.

PEPU is launching a Layer-2 blockchain specifically for meme coin trading which will offer low trading costs and fast transactions.

Shiba Shootout (SHIBASHOOT) is seeing heavy presale funding and has already raised over $1.1 million in its ICO, thanks to its fresh Wild-West theme.

Some experts are even aiming for 100x returns with their early buys in Shiba Shootout.