Pudgy Penguins, BRETT, Gigachad, Flockerz, and Meme Index: Meme Coins That Are Set to Soar in 2023

After facing a decline that started in the second half of December, when its value dropped from $3.76 trillion to $3.13 trillion, the broader crypto market is rebounding.

After a period of decline that began in the second half of December, with its value dropping from $3.76 trillion to $3.13 trillion, the broader crypto market is now rebounding and stands at $3.41 trillion, a level it hasn’t seen since the Christmas rally.

The top 10 cryptocurrencies are all recording gains today, ranging from BNB’s 0.25% rise to Cardano’s (ADA) soar of 10.24%.

The meme coin space is also seeing renewed investor interest, which helped it grow by $8 billion today, reaching $104 billion for the first time since December 20th.

While the leading three meme coins, DOGE, SHIB, and PEPE, gained 5-7%, PENGU is up by 14% today, while BRETT rose by 20%. Gaining 8% today, Gigachad (GIGA) is now up by 50% over the past seven days.

Additionally, meme coin presales are gaining traction, with Flockerz (FLOCK) and Meme Index (MEMEX) receiving increasing attention.

Pudgy Penguins Commits to Bridging The Gap Between Web2 and Web3

Starting as an NFT marketplace in 2021, Pudgy Penguins has grown into a multifaceted ecosystem that spans physical merchandise, IP licensing, and an upcoming Layer 2 blockchain.

As part of its expansion, Pudgy Penguins also launched its own token, PENGU, in the second half of December. Despite halving in value after its initial pump to $0.057, PENGU has shown its strength and growth potential by enduring the bearish market and rising to $0.04 today.

Although it dipped slightly as investors took profit, PENGU is currently holding around the $0.37 mark, and chart analyst Papii believes that it can start soaring toward the $0.5 mark as selling pressure lowers.

. $PENGU has really started to rally off a strong corrective leg down …The blue vertical line is an exact duplication of the previous blue vertical line and helps me visualize a target area (measured move) which would push us back towards $.048-.05 areaOverall a lot of sell… pic.twitter.com/UUY0UvQiYv

Moreover, PENGU is likely to see another soar in January as the parent company of Pudgy Penguins, Igloo Inc., prepares to launch the Abstract blockchain, which aims to simplify Web3 for new users who often encounter difficulties with gas fees, seed phrases, and other complexities.

Based Brett Gains Momentum As Its Daily Trading Volume Doubles

After entering December at its ATH of $0.235, BRETT ended the month priced at less than half of that, beginning January 1st at $0.1149.

Today, BRETT managed to cross above its 200-day Simple Moving Average of $0.12 after a series of whale purchases earlier today. According to data from Nansen, at least five whales purchased $100,000 or more worth of BRETT today.

The most notable purchases came from a wallet whose owner swapped 525 ETH for BRETT over the past 18 hours, bringing their total BRETT holdings to over $2.1 million.

Crypto analyst TimBased believes that whales are just starting to buy BRETT, as he expects it to soar further.

You can see that $BRETT outperforms every top meme on green days & same happens on red days too! Thats why we buy $BRETT! Biggest upward potential out of every memecoin! You can see smart money moving huge amounts of $ into $BRETT because they bet on the huge success of… pic.twitter.com/hYpGvFfk2p

An analysis of BRETT’s technical indicators reveals its potential for short-term gains, as it enjoys a 2.06 long/short ratio that suggests traders are more willing to bet on its long-term success than short the coin.

Gigachad Records a New ATH Above $0.08

Gigachad has seen several ups and downs since its inception in January 2024. The token took six months to explode and crossed the $0.01 mark for the first time in July. Amidst the market-wide rally surrounding the US Election Day, GIGA soared to $0.07, only to dip to $0.03 in late November.

GIGA saw its next major soar following a listing by Coinbase on December 11th, when it surged to $0.074, and after a brief dip post-Christmas rally, it experienced an upward momentum that propelled it to its new ATH at $0.08119 today.

After December 26th