Meme Coin Rebound: $DOGE, $PEPE, and $BITCOIN All Bounce in Epic Comeback – Are These Two Next In Line to Surge?
After two turbulent weeks, the meme coin sector finally witnessed an epic comeback following the Bitcoin price revival above $27,000.
The bullish market pressure allowed heavyweight meme coins like $DOGE, $PEPE, and $BITCOIN to bounce, bringing life back into the meme coin sector.
With the sector rising, experts suggest that Sonik Coin ($SONIK) and Wall Street Memes ($WSM) are next in line to surge.
What you'll learn 👉
Meme Coins Make a Comeback as Dogecoin and Pepe Coin Surge
The meme coin market is making a comeback after Bitcoin surged back above $27,000 this week.
The market bounce allowed meme coin market-leader Dogecoin ($DOGE) to surge by over 6% as it climbed back above $0.065.
During the $BTC market crash in mid-August, the cryptocurrency had taken a dive, dragging the price as low as $0.055.
From there, it rebounded slightly and traded inside a range between $0.0599 and $0.064.
Today’s price surge allowed $DOGE to reach as high as $0.0685 before retracing to the current $0.0654 level;
Looking ahead, resistance lies at $0.07, $0.075, $0.08, and $0.0836.
The meme coin bounce was also extended to $PEPE, which has been on a downward trend since July.
$PEPE fell through crucial support at $0.000001 last week, causing it to drop as low as $0.0000008 in the process.
There, it found support at a .786 Fib Retracement that has been holding the market.
Today’s bounce allowed $PEPE to rise by 6%, bringing the price back up above the $0.00000088 level;
Looking ahead, the first resistance is located at $0.000001. This is followed by $0.0000012, $0.0000014, and $0.00000147.
HarryPotterObamaSonic10Inu Sees Impressive 40% Bounce.
HarryPotterObamaSonic10Inu ($BITCOIN) was perhaps today’s biggest winner in the meme coin sector.
$BITCOIN surged by an extraordinary 40% over the past 24 hours, allowing the coin to break back above $0.1 and reach the $0.115 level.
$BITCOIN has been struggling recently as its market cap witnessed a vast shakeout, seeing the price drop as low as $0.022.
However, the .618 Fib Retracement at $0.0836 helped to support the market, allowing for the exceptional bounce today;
Looking ahead, resistance lies at $0.12, $0.14, $0.16, and $0.2.
What Meme Coins Are Next In Line to Surge?
While the heavyweight meme coins continue to see strong upside momentum, traders are also turning their attention to a few lesser-known projects.
They’re investing in these projects because they provide the potential for extreme outsized returns with relatively lower sums of investment.
In particular, Sonik Coin ($SONIK) is one meme coin that keeps appearing on gem-hunting radars as it raises over $750,000 in a few days.
In addition, Wall Street Memes ($WSM) continues to dominate headlines as whales flock to get positioned in the last stage of the presale.
Sonik Coin Hits $750,000 Milestone as Investors Rush to Stake-2-Speed Potential.
Investors are clearly intrigued by the potential returns of Sonik Coin ($SONIK) after it managed to raise $750,000 in just a few days.
Adding further to this achievement is that most of these funds were raised during the $BTC price collapse in mid-August – demonstrating the building momentum behind the project.
Traders believe $SONIK has the potential to provide outsized returns due to its intuitive Stake-2-Speed mechanism, which will lock a large portion of the supply away and reduce the number of tokens available to be bought by newcomers.
Sonik Coin is described as the moronic recreation of one of SEGA’s best-selling gaming characters – Sonic the Hedgehog.
The project has the potential to go viral as it’s based on one of the industry’s most iconic and beloved characters.
Instead of collecting rings like his perfectly created counterpart, Sonik collects $SONIK to pump his own token.
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Show more +Sonik wants to use his deceptive speed to turn $SONIK into the fastest-growing meme coin to reach a $100 million market cap.
He believes it’s possible because his unique Stake-2-Speed mechanism will lock the majority of the token supply away – meaning newcomers might struggle to buy tokens without paying higher prices.
Stake-2-Speed is a staking mechanism that rewards $SONIK holders who lock their tokens away for at least seven days.
It’s unique because it allows investors to simultaneously purchase and stake $SONIK – even before the token is claimable.
Investors are already staking, and the APY return is already providing them with an impressive 92% APY;
The tokenomics behind the project are designed to provide long-term rewards to stakers and ensure the project’s continued growth.
The total supply of the token is based on the speed of Sonik – who can run at the speed of light. Therefore, there are just under 300 billion $SONIK tokens.
Of that supply, half is being sold in the presale at a price of $0.000014 – meaning the presale is aiming for a modest $2.1 million hard cap.
As a result, there’s room for exceptional growth upward for $SONIK after its launch.
Then, 40% of the supply is reserved to provide staking rewards for Stake-2-Speed. This will be locked away, meaning almost half the tokens can’t be dumped on the market.
The last 10% is reserved for adding liquidity to DEXs to ensure a smooth trading environment.
Overall, $SONIK is quickly gaining momentum as investors anticipate speedy 10x returns.
With almost half of the presale allocation already snapped up, investors will need to be quick to get positioned in this token or face the pain of paying higher prices once it launches and trends on DexTools.
Wall Street Memes Continues to Grab Attention in the Last Stage
Wall Street Memes ($WSM) also continues to gain attention in the last stages of its presale as investors flock to get positioned before it ends.
The project has become one of the fastest-growing presale projects in 2023 after raising well over $25 million.
Investors are rushing to the highly sought-after meme coin due to its unique ability to grow a cult-like community, meme-based humor, and ability to attract the attention of Elon Musk.
Wall Street Memes intends to make a mockery out of the greedy capitalists on Wall Street through hilarious memes on social media.
Its memes have become the go-to source for trading and finance-related meme-based humor on Twitter/X, generating over 40 million monthly impressions.
The popularity of the memes even attracted the attention of Elon Musk, who was caught commenting multiple times;
The interactions with the Twitter CEO sparked a wave of speculation regarding his involvement in the project, fueling FOMO for retail buyers.
The FOMO even extended to whales, who are eager to get positioned in the project during its last stage.
For example, one whale recently purchased $850,000 $WSM in the last stage – demonstrating his extraordinary confidence regarding the future potential of the project;
In addition, influencers are all over this project as they expect huge returns. For example, CryptoWebdy0 believes that $WSM will be at the forefront of the next crypto bull run;
Even Joe Parys Crypto, a YouTuber with over 380,000 subscribers, believes that $WSM is primed for growth once it gets listed on major exchanges;
Experts anticipate that tier-1 exchanges like Binance or OKX will flock to list $WSM as soon as it launches because the huge cult-like community – which has over 1.1 million followers on social media – will generate colossal trading volume.
Overall, it’s unsurprising to learn why many experts are saying $WSM might be the next meme coin sensation within the space.
With the presale in its last stage, this is your final call to get positioned in this project before it launches on tier-1 exchanges.
After that, you’ll be paying much higher prices once the token starts to trend in the crypto sphere.
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