Meme Coin Price Predictions: PEPE, dogwifhat (WIF), Shiba Inu (SHIB)

Meme coins are performing quite well this weekend, with the Ethereum-based PEPE leading the pack with a notable increase of 11%, pushing its market capitalization to $6.5 billion.

The price of WIF is showing decent performance, while SHIB price seems to lag behind. Let’s dig into the details of these meme coin price predictions.

PEPE Price forecast

After today’s 11% surge, PEPE price is trading around $0.000015, an area close to another all-time high (ATH). PEPE surpassed ATH levels several times in May.

One of the most influential crypto analysts on X, with a follower base exceeding 630,000, expressed his bullish sentiment towards PEPE. He pointed out that PEPE’s current market capitalization is only $6 billion, while DOGE reached the market capitalization of $75 billion during the previous cycle and SHIB almost touched $50 billion. The analyst confidently stated that these figures suggest that PEPE still has substantial upside potential.

This statement suggests a prediction that PEPE could potentially reach market capitalization levels previously achieved by DOGE or SHIB during the previous bull run. Furthermore, also Altcoin Sherpa, with over 216,000 followers announced his intention to buy PEPE today.

From a technical point of view, PEPE’s Relative Strength Index (RSI) hovers between 60 and 65 across all time frames, indicating that the asset is neither overbought nor oversold. Furthermore, the moving average convergence and divergence (MACD) line is now above the MACD signal line, signaling bullish momentum.

AS Ethereum ETF Approvals have become a reality, they could have a positive impact on the price of PEPE as well, considering that PEPE is the hottest ERC-20 token of this bull run. Based on these factors, the price of PEPE could potentially continue its upward trend in the near future.

Dogwifhat (WIF) price analysis, SHIB price lags

WIF, once ranked as the world’s third largest meme coin in terms of market capitalization just a few weeks ago, surpassing even PEPE, has now been left behind with a market capitalization of around $3 billion following the recent pumping of PEPPER.

WIF is currently priced at $2.90, while its ATH was set in late March at around $4.80, indicating that it is trading significantly below its peak. This suggests that market sentiment is gradually shifting from Solana-based meme coins to Ethereum-based meme coins.

Technically, the WIF MACD line is below the MACD signal line, signaling potential bearish momentum. Furthermore, the RSI is hovering around 50, suggesting neutral market sentiment. Considering these factors, WIF’s price action could potentially experience a slow period in the coming days.

As for SHIB, the price has not performed well recently, making it the worst performing meme coin among the top six by market cap this week.

The statistics of the Shibarium ecosystem they are also not encouraging, with low levels of new account creation and daily transactions. SHIB’s RSI is around 60, indicating a slightly overbought condition. However, with a strong community supporting SHIB, a price pump could occur at any time. Despite its recent underperformance, SHIB remains the largest Ethereum-based meme coin, boasting a market capitalization of $14 billion.

What are the best meme coins to buy now?

YouTubers Jacob Burywith around 40,000 subscribers, recently posted a video highlighting the best meme coins to buy now, with particular emphasis on Dogeverse. Dogeverse is a multi-chain meme coin, offering vide accessibility. The project has solid cash flow and backing, allowing it to undertake large-scale ventures. It also supports staking, offering a 52% annual return, with 30.5 billion tokens currently staked.

The Dogeverse pre-sale ends on June 3 at 10:00 UTC, with the claim launch date set for June 5 at 10:00 UTC. According to Bury, the project’s market capitalization will be around $20 million, with a token supply of 200 billion tokens.

While the speaker highlights Dogeverse’s upside potential, suggesting that it could become a top 20 meme coin with the possibility of reaching notable prices such as $0.01 or even higher, he also advises caution due to the speculative nature of these predictions.

Another noteworthy project is Wiener AI, a new AI coin/meme hybrid described as “Part dog, part sausage, part AI trading robot.” WienerAI raised nearly $3 million during the pre-sale, demonstrating the growing interest in combining meme culture with technologies like artificial intelligence.

Conclusion

To summarize, the meme coin space continues to capture investors’ attention with its earning potential. While PEPE’s price looks set to rise further, WIF’s trajectory remains uncertain and SHIB’s performance has been lackluster. Additionally, projects like Dogeverse and WienerAI potentially offer investors new opportunities to explore in the meme coin ecosystem.

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