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The post Pepe Price Prediction as Token Surges Over 30%, Could These New Meme Coins Pump Next? appeared first on Coinpedia Fintech News
It’s been a crazy few days in the meme coin market, with PEPE’s price rising 34% on Monday.
Although DOGE and SHIB still lead the pack, PEPE has become a top contender for meme coin supremacy, leading many investors to speculate where the token’s price could go in the remaining weeks of 2023.
Meanwhile, savvy investors are also seeking out alternative meme coins that could provide similar (or higher) returns than PEPE, with Meme Kombat (MK) and Wall Street Memes (WSM) emerging as popular options.
PEPE Surges to 2-Month High After Huge Token Burn Restores Trust
PEPE has been on a tear lately, surging over 54% since Friday to reach the $0.00000097 level.
This latest rally has pushed PEPE to its highest price since August, continuing its strong performance since October 12’s low.
The token’s rise has been driven by a combination of positive sentiment around meme coins and a significant token burn conducted by the PEPE team.
Earlier today, the developers burned 6.9 trillion PEPE tokens worth $5.5 million, permanently removing them from circulation.
This burn represents 1.6% of the total PEPE supply and addresses concerns about the team’s multi-sig wallet holdings after an alleged theft last August.
By slashing their token holdings by over 60%, the team has reassured investors and boosted trust in the project.
With the developers now holding a relatively small portion of the circulating supply, the risk of them crashing the token’s price is minimized.
If PEPE maintains its momentum, it could break the $0.0000010 level by week’s end.
With Bitcoin rallying and the broader meme coin environment still bullish, PEPE has room to continue trending upwards – with a secondary target being the resistance zone around $0.0000014.
Should PEPE return to this zone, it would represent a further 45% push from today’s price.
Which Meme Coins Could Pump Next?
As PEPE leads the charge, other emerging meme coins have also seen bullish momentum take hold.
Two coins that have benefited tremendously are Meme Kombat and Wall Street Memes, which look poised to follow in PEPE’s footsteps and produce sizable returns for investors.
Meme Kombat Presale Surges as Influencers Eye Huge Gains Post-Launch
Meme Kombat (MK) is a trending meme coin that could be gearing up for a bull run in the months ahead.
Meme Kombat combines viral memes with Play-to-Earn (P2E) gaming, allowing users to bet the native MK token on AI-powered battles between popular meme characters.
With staking rewards of 112% APY, numerous famous meme coin characters, and plans for new seasons and game modes, MK aims to drive substantial community engagement.
Having raised $670,000 so far in its ongoing presale, MK is seeing enormous hype even before its official launch.
Major crypto influencers and traders are backing the project, such as Michael Wrubel, who stated that he’s “bullish” on MK.
Looking ahead, the team has laid out a comprehensive roadmap for the next 12 months, which includes exchange listings, new ways to earn MK, and upgraded features.
If the team delivers on its roadmap, MK could potentially capitalize on the ongoing meme coin hype after its market debut.
Early-bird investors can now buy MK tokens for just $0.1667 through the presale – although this price is only available for another nine days.
Wall Street Memes Poised for Bull Run With New Casino Feature & Token Buybacks
New meme coin Wall Street Memes (WSM) could also be primed for another bullish run in the coming weeks.
Inspired by the WallStreetBets movement, WSM brands itself as a satire of Wall Street culture while offering utility, like staking rewards of up to 41% per year.
The token saw enormous hype after its September exchange launch, surging to an all-time high of around $0.079 on September 30.
Although WSM’s price has since dropped to $0.030, WSM has significant catalysts that could spark another bull cycle.
The recent launch of the Wall Street Memes Casino could drive fresh interest, especially with WSM integrated for payments and rewards.
Wall Street Memes’ team also announced a token buyback program to provide price support for WSM.
With tier-1 exchange listings providing liquidity and a revamped marketing campaign, complete with a brand-new website, Wall Street Memes looks poised for renewed growth.
If WSM can recapture its previous highs, it would represent a 158% increase from today’s token price.
Although this may seem speculative, WSM has proven capable of delivering similar returns before – making it a token worth keeping an eye on in the coming weeks.
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