PEPE Price Hits New ATH, FLOKI Pumps As This New Meme Coin Prepares For Launch

The meme coin frenzy shows no signs of slowing down as we kick off a new week. PEPE, the frog-based meme coin, seems unstoppable at the moment, hitting another new all-time high after a 13% rise today.

However, Floki Inu emerges as the biggest gainer among the major meme coins, with the FLOKI price up about 17% in the last 24 hours. While these two meme coins steal the spotlight, a new contender is preparing for launch and could potentially be the next meme coin to explode.

PEPE price prediction as meme coin flips polygon (MATIC) based on frog in market cap

PEPE price increased by 13% today, currently trading around $0.0000168, marking a new all-time high. This surge pushed PEPE’s market capitalization above $7 billion, slightly higher than PEPE Polygon (MATIC)as this meme coin enters the top 20 cryptocurrencies by market capitalization.

Popular crypto analyst Patel, who has a substantial following of 64,000 people on X, drew attention to PEPE’s feat of surpassing Polygon’s market capitalization. He highlighted the stark contrast between the two projects, with PEPE being a meme coin while Polygon offers tangible utilities such as scaling Ethereum, facilitating staking rewards, voting on governance, and powering decentralized finance applications and platforms ( DeFi).

Patel’s statement highlighted the surprising nature of a meme coin like PEPE overtaking a project like Polygon in terms of market capitalization, reflecting the sometimes irrational nature of the cryptocurrency market.

altFINS provided a detailed technical analysis, suggesting a bullish breakout for PEPE. According to their assessment, PEPE price has decisively surpassed the $0.000012 and $0.000015 resistance levels, confirming an established uptrend. Based on Fibonacci extension levels, commonly used to identify potential price objectives, the next key resistance zones have been identified at $0.0000164 (100% Fibonacci extension level) and $0.0000211 (100% Fibonacci extension level). Fibonacci extension of 161.8%).

Source: altfins/PEPE

While the Relative Strength Index (RSI) indicated an overbought condition with a value above 70, altFINS noted that the RSI was not overly extended, suggesting that the current momentum could potentially sustain without an immediate correction.

altFINS highlighted that PEPE’s price action showed a “Resistance Breakout” pattern, which is a bullish signal. When a price breaks above a resistance zone, it typically indicates that buyers have successfully absorbed all of the selling pressure from sellers at that level, allowing the price to resume its upward trajectory. After breaking resistance, the nearest resistance zone often becomes a viable price target for the asset.

In terms of potential support and resistance levels, altFINS has identified the closest support zones at $0.000012 and $0.0000092, while the closest resistance zone has been highlighted at $0.000021.

Considering the strong uptrend in the short, medium and long term as well as the resistance breakout pattern, PEPE price could potentially reach the $0.000021 resistance zone in the near future. However, since the RSI is in the overbought zone, we may see a pullback before the next rally.

FLOKI price analysis

FLOKI is not left behind in the current market frenzy. Today FLOKI price increased by an impressive 17%, reaching $0.00026. Notably, FLOKI’s all-time high of $0.0003, reached during the 2021 bull run, is not far away.

Bluntz, an X-rated influencer with over 250,000 followers, drew parallels between PEPE and FLOKI’s chart patterns, stating: “I’m getting high pre-PEPE vibes from FLOKI. The graph is really nice, in my opinion.

Bluntz’s analysis suggests that if FLOKI continues to follow the same pattern as PEPE, the next price target could be around $0.00045, which represents a substantial upside of around 73% from current levels.

Will the next meme coin explode?

While PEPE and FLOKI dominate the meme coin space, a newcomer is preparing to enter the fray. The 99bitcoins YouTube channel, which boasts over 700,000 subscribers, today presented a video on Dogeversea new meme coin project that has raised over $15 million, potentially making it one of the the best cryptocurrency presales out there.

According to the video, Dogeverse is promoted as an interesting project due to its multi-chain capabilities, which allow it to operate on various blockchain networks such as Ethereum, Binance, Polygon, Avalanche, Base, and Solana. This multi-deck technology enhances its utility and sets it apart from other meme coins.

The Dogeverse presale is coming to an end, only 8 days left at the time of writing this article, so this is your last chance to buy DOGEVERSE before the stock market launch at the beginning of June. The project has already gathered a community, with over 37,000 followers on X and engagement on platforms such as Telegram. The roadmap includes centralized development, marketing and IPO phases, which are expected to increase the project’s growth and value.

Conclusion

As the price of PEPE continues to rise, setting new all-time highs, and FLOKI also rises, the meme coin frenzy shows no signs of abating. As investors look for the next potential meme coin to explode, Dogeverse emerges as a potential contender, supported by its unique multi-chain capabilities and sizable community.

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