The post These Undervalued Memecoins To Reach $1 Billion Market Cap in 2024! appeared first on Coinpedia Fintech News
With the Bitcoin price holding its value strong above $64,500, the cryptocurrency market has regained momentum and has displayed a strong bullish price action since the week started.
Moreover, mid-cap and low-cap memecoins have recorded the highest gains over the past few days, indicating a rising interest of investors towards these crypto tokens to maximize their profits.
Scroll down as, in this article, we have covered the top 2 low-cap memecoins that have a high potential of achieving the milestone of $1 Billion market capitalization this year.
PeiPei (ETH) (PEIPEI) Price Displays A Strong Bullish Sentiment:
Launched on the Ethereum contract, this memecoin instantly gained massive attention from the crypto market, resulting in it recording a surge of approximately 1,000% since its inception this year. Moreover, it has continued to trade within an ascending channel pattern since June.
TradingView: PEIPEI/USDT
Positively, this memecoin has skyrocketed 222.40% within the past 30 days and has secured the 284th position in the global cryptocurrency market list with a capitalization of $147.70 Million.
The Relative Strength Index (RSI) has failed to breach the overbought range. However, the SMA indicator constantly acts as a support to the price chart in the 1D time frame, suggesting a mixed sentiment for the PEIPEI price this week.
A bullish price action could result in the PeiPei (ETH) price achieving a new milestone during the upcoming bull run. However, if a trend reversal occurs, the memecoin will break down its support trendline and record new lows.
Nubcat (NUB) Price Action:
Built on the Solana chain, the Nubcat project is a community of crypto enthusiasts, curious beginners, and cat lovers. Inspired by the top cat memecoin tokens, its native token “NUB” acts as a mode of transaction for its project.
TradingView: NUB/USDT
With a trading price of $0.02650 and a self-claimed market cap of over $25 Million, the Nubcat crypto has secured the 2,629th position in the global crypto market list.
The technical indicators SMA and MACD each record a rising bearish sentiment in the crypto space, indicating an increase in the negative influence of the NUB memecoin in the crypto space.
If the bulls continue to dominate the market, the Nubcat price will prepare to retest its previous all-time high (ATH) during the upcoming months. However, bearish price action could pull the memecoin toward its crucial support level of $0.0120.