Crypto markets are hyping up SPX6900, MAGA Hat and NEIRO this week, yet a new meme coin and unlisted crypto is about to steal the spotlight.
In this article, delve into the latest meme coin market trends and explore the growing hype behind one of the most promising unlisted crypto tokens of 2024.
Are we in a memecoin supercycle?
Murad Mahmudov shared some interesting opinions at Token 2049
Stating that cults are stronger than tech
Memes have outperformed 99% of alts this cycle, backing his point
At present, meme coins are some of the biggest money-makers in the crypto space, with investors rotating their capital from one coin to the next to chase the next big thing.
SPX6900 Price: On the Verge of $1bn Market Cap
One of the signature meme coins pumping in the market this Uptober is SPX6900, which is currently trading at a market price of $0.874 (representing a 24-hour change of +0.8%).
Amid more than 19 days of sustained upside, SPX6900 has surged to a whopping $804M market cap, fuelled by a strong technical structure above the 20DMA and an impressive all-time high on the S&P500 (SPX).
Yet, some overhead concerns remain about the size of some whale positions, as highlighted by crypto analyst ZachXBT.
1/2 I uncovered 11 high confidence wallets tied to @MustStopMurad holding ~$24M in meme coins on Ethereum and Solana so the community can monitor his future activity. pic.twitter.com/OTx6XMguTA
MAGA HAT: Poised Ahead of the US Election in Just 21 Days
As election fever rips through the United States, meme coin traders are taking a keen position, with the now infamous MAGA Hat token leading the charge.
Currently trading at a market price of $0.0001626 (representing a 24-hour change of +5.54%), MAGA is forming a high-time frame bullish pennant pattern ahead of the pivotal Presidential race.
Yet, with 20DMA resistance stalling action on the short-time frame, all eyes are on the 50:50 split between sells and buys over the past 6 hours for more decisive clues.
Now, with a $65M market cap, MAGA Hat remains one of the few surviving ‘PolitiFi’ coins from earlier narratives this year—and many are hoping the token can perform as much as 5X in the build-up to the decisive day in November.
NEIRO: The Next DOGE Continues Its Rise to the Top
Where once there were many, now there is one – as meme coin traders hone-in on a breakout NEIRO taken that has broken away as pack-leader – now standing at an impressive $855M market cap.
Atop steadfast support from an ascendant 20DMA, NEIRO is currently trading at a market price of $0.00204 (representing a 24-hour change of +0.94%).
This comes amid sustained upside price action, which has seen NEIRO surge a dramatic 70% across the last 7-days, defying market expectations of a retrace with alluring 54% buy-pressure over the past 24-hours.
Now, less than $200M away from being the first NEIRO to hit $1Bn, it seems likely the rest of the NEIRO market will fall away – which could trigger a huge rotational flux of capital into this leading meme coin.
Pepe Unchained Layer-2 Could Hit $1Bn As It Reboots PEPE Ecosystem
Seeking to address one of the most common complaints amongst meme coin traders – high gas fees – Pepe Unchained is on a mission to shift the legendary Pepecoin from its ERC-20 prison via launching a much-needed dedicated meme coin layer-2.
What does this mean? In a nutshell, Pepe Unchained is going to deliver faster transactions at a lower-cost, enabling a highly-scalable playground for the best meme coin developers in the crypto space.
But this is so much more than a new layer-2 piggy-backing on Ethereum; this is about the development of a new hive for meme coin activity – and that requires ecosystem growth.
Luckily for us, that’s something the OG developers working on the Pepe Unchained project are keenly aware of.
As such they’re already planning a whole suite of ecosystem development tools, including block explorers to enable research, super low-cost cross-chain bridges to draw in meme coin traders from across the industry, and perhaps most exciting of all a new developers grant fund.
Yup, you heard that right! With Frens With Benefits, Pepe Unchained will be funding some of the most legendary developers in the space to buidl on the latest and greatest layer-2 solution – so expect big things to come.
Better yet? You can claim your slice of the pie and profit off this huge new venture.
Gone are the days of venture capital – Pepe Unchained is here for the people – and the experienced development team (that boast more than 100 years of combined blockchain development XP) are bootstrapping this project with crowd funding via the $PEPU presale.
And this winning recipe is already a viral success! Pepe Unchained’s presale smashed a jaw-dropping $19.5M in funding this week, as eagle-eyed investors across the space target $PEPU as one of the hottest launches of 2024 – a far more exciting proposition than SPX6900, MAGA, or NEIRO.
So don’t miss out on this incredible opportunity, next time you hear about Pepe Unchained, you will probably be trading on it (and regreting ignore this news!).
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 