beincrypto.com
Meme coins followed Bitcoin’s footsteps as the crypto king hit $105,000 today. Leading the joke tokens was Pippin, a rather small cap coin but registering over 94% rise in the span of 24 hours.
BeInCrypto has analysed two other meme coins for investors to watch today and the direction in which they are heading.
Moo Deng ($MOODENG)
- Launch Date – September 2024
- Total Circulating Supply – 989.97 Million $MOODENG
- Maximum Supply – 989.97 Million $MOODENG
- Fully Diluted Valuation (FDV) – $262.35 Million
- Contract Address – ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY
$MOODENG price surged by 95% over the last 24 hours, making it one of the best-performing meme coins. Currently trading at $0.26, the altcoin is experiencing significant bullish momentum, with investors eager to capitalize on its rapid gains. This momentum could potentially lead to further price growth.
If the bullish trend continues, $MOODENG could surpass the $0.35 mark and push towards $0.50 in the near future. The altcoin’s strong performance and increasing demand suggest that it could maintain its upward trajectory if market sentiment remains positive and trading volumes remain high.
However, with $MOODENG reaching a 4-month high, the meme coin faces the risk of profit-taking. Selling pressure could cause a decline below $0.24, possibly dipping to $0.18. If the downward momentum persists, the price could eventually fall to $0.12, invalidating the current bullish outlook.
dogwifhat ($WIF)
- Launch Date – December 2023
- Total Circulating Supply – 998.92 Million $WIF
- Maximum Supply – 998.92 Million $WIF
- Fully Diluted Valuation (FDV) – $1.21 Billion
- Contract Address – EKpQGSJtjMFqKZ9KQanSqYXRcF8fBopzLHYxdM65zcjm
$WIF price has risen by 25% over the last 24 hours, trading at $1.18. The altcoin’s price movement is largely influenced by broader market cues. As the cryptocurrency market fluctuates, $WIF’s performance depends on how well Bitcoin and top meme coins perform in the coming days.
If $WIF follows the lead of Bitcoin and other meme coins, it could breach the resistance at $1.24 and climb toward $1.52. A rise to this level would attract new investors, significantly increasing market interest and potentially pushing the price further as momentum builds.
However, unforeseen selling from $WIF holders could reverse the current trend. If selling pressure mounts, the price may fall below $1.04 and potentially reach $0.85. This could invalidate the bullish outlook and put a halt to the altcoin’s recent gains, leading to further uncertainty.
Small Cap Corner – Pippin ($PIPPIN)
- Launch Date – November 2024
- Total Circulating Supply – 999.94 Million $PIPPIN
- Maximum Supply – 999.94 Million $PIPPIN
- Fully Diluted Valuation (FDV) – $49.13 Million
- Contract Address – Dfh5DzRgSvvCFDoYc2ciTkMrbDfRKybA4SoFbPmApump
$PIPPIN surged by 93% in the last 24 hours, establishing itself as a leading meme coin. With a market cap of $50 million, it is attracting significant interest from both smart money and retail investors. However, this interest is currently skewed by selling pressure, hindering further gains.
Nansen data shows $1.9 million in inflows to exchanges within the past day. $PIPPIN’s low 3.13% bundle buy, which indicates the broad distribution of tokens, suggests a healthy distribution. These positive indicators could help $PIPPIN breach the $0.052 resistance level, potentially pushing the price towards $0.064.
However, excessive selling could derail $PIPPIN’s upward momentum. If profit-taking intensifies, the meme coin could experience a decline from $0.049 to $0.035, testing the next major support level. A drop to this level would invalidate the bullish outlook and signal a potential reversal in price.