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Cryptocurrency News Articles
Meme Coins Like Pepe (PEPE), Bonk (BONK), and Dogwifhat (WIF) Show Signs of Resurgence, but Analysts Are Still Cautious
Oct 14, 2024 at 08:00 pm
Meme coins like Pepe, Bonk, and Dogwifhat are showing signs of a broader market resurgence, but analysts are still cautious about these tokens
Meme coins like Pepe (PEPE), Bonk (BONK), and Dogwifhat (WIF) are still seeing signs of recovery from their Q3 declines. Meanwhile, new GambleFi protocols like Rollblock (RBLK) are making waves with its presale, having already raised $4.2 million.
Pepe (PEPE) Price Analysis
Pepe has shown signs of recovery with an increase in active addresses over the last 30 days, usually indicating bullish momentum. As PEPE whales are showing more interest in the token, analysts are projecting another uptrend for Pepe in the middle of Q4.
Currently, Pepe is trading at $0.000009551 with an intraday increase of 4.39%. As the 30-day SMA line is moving closer to the 200-day SMA line on the PEPE/USDT daily chart, analysts are expecting Pepe to form a bullish golden cross within the next few days. If that happens, Pepe’s price could surge to $0.000015 by the end of next month.
Bonk (BONK) Price Analysis
BONK's social dominance has rapidly declined over the last few months as investors are now preferring newer DeFi gems over stagnant tokens like BONK.
Moreover, BONK’s Chaikin Money Flow has also dropped below the zero signal line today, indicating a significant decrease in buying pressure. Currently, BONK is trading at $0.00002132 after an intraday increase of 8.01%.
Despite this positive price action, BONK’s volume has also increased by 15.56% over the last 24 hours, reflecting a profit-taking sentiment. If the sell-off continues, BONK's price could decline to $0.000017 in the next few days and reach a new low of $0.000014 by the end of the month.
Dogwifhat (WIF) Price Analysis
Dogwifhat has recorded massive 68.03% gains over the last 30 days, usually seen during the peak of a bull rally. Dogwifhat's current price action is driven by high trading activity and increasing whale interest. However, some Dogwifhat holders are selling out to reap returns now, so Dogwifhat could experience a short-term decline soon.
Currently, Dogwifhat is trading at $2.57 after an intraday increase of 9.72%. Dogwifhat's volume has also increased by 23.20%, indicating that the bullish rally is still going strong. If this trend continues in the next few weeks, Dogwifhat's price could test the $3.41 resistance soon.
Meme Coins Losing Steam, Traders Switch to DeFi Altcoins
As the meme coin market is slowing down, savvy traders are now jumping ship to newer meme coins and DeFi gems like Rollblock (RBLK). Although Rollblock is still in its presale, this new GambleFi protocol has already raised more than $4.2 million with 15,000+ early investors.
As Rollblock picks up more momentum amidst Q4’s altseason, analysts are projecting a massive 800% surge in Rollblock's price by the end of its presale. The reason why traders are betting on Rollblock to emerge as the leading DeFi altcoin by 2025 is the platform’s native RBLK token that features deflationary tokenomics and attractive staking rewards.
By becoming long-term RBLK holders, traders can receive a weekly passive income through Rollblock’s revenue-sharing scheme. Every week, Rollblock purchases RBLK tokens on the open market with its casino revenue and distributes these tokens to current holders as staking rewards with up to 30% APY.
As this buyback mechanism injects a new wave of demand, RBLK’s price is expected to skyrocket since the token’s circulating supply is capped at 8 billion tokens. Aside from its highly deflationary token, Rollblock is also bringing the fun back to trading by offering 7,000+ AI-powered casino games.
Since all of these games are fully audited and regulated by Solid Proof and Gaming Curacao, traders can enjoy a worry-free gambling experience. Rollblock also uses Ethereum’s immutable blockchain to encrypt every financial transaction and trade, making the platform immune to all kinds of third-party manipulation.
Rollblock’s presale stage 7 is already 25% sold out as traders rush to add RBLK to their portfolios before the upcoming price surge. Since RBLK tokens are available at a low price point of only $0.031 each, Rollblock is the most demanded altcoin in the market right now.
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- Dogwifhat (WIF) and Mpeppe (MPEPE): Two Tokens with the Potential to 100x Your Crypto Wallet
- Oct 15, 2024 at 12:15 am
- Crypto adherents are constantly searching for the next big opportunity that can deliver massive returns. Two tokens that have captured the crypto community’s attention are Dogwifhat (WIF) and Mpeppe (MPEPE). Both tokens offer unique value propositions.