Markets
These Undervalued Memecoins Will Reach a Market Cap of $1 Billion in 2024!
With the price of Bitcoin firmly holding its value above $64,500, the cryptocurrency market has regained momentum and has been in a strong bullish trend since the beginning of the week.
Additionally, mid- and small-cap memecoins have seen the highest gains in recent days, indicating growing investor interest in these crypto tokens to maximize profits.
Scroll down because in this article we have covered the top 2 low-cap memecoins that have a high potential to hit the $1 billion market cap mark this year.
PeiPei (ETH) (PEIPEI) price shows strong bullish sentiment:
Launched on the Ethereum contract, this memecoin immediately attracted huge attention from the cryptocurrency market, registering a surge of about 1,000% since its inception this year. Furthermore, it has continued to trade within an ascending channel pattern since June.
TradingView: PEIPEI/USDT
On the positive side, this memecoin has skyrocketed by 222.40% in the last 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 break out of the overbought range. However, the SMA indicator is consistently acting as a support to the price chart in the 1D time frame, suggesting mixed sentiment for PEIPEI price this week.
A bullish price action could lead PeiPei (ETH) price to reach a new milestone during the next bull run. However, if a trend reversal occurs, the memecoin will break its support trend line and record new lows.
Nubcat (NUB) Price Action:
Built on the Solana chain, the Nubcat project is a community of cryptocurrency enthusiasts, curious beginners, and cat lovers. Inspired by leading cat memecoin tokens, its native token “NUB” serves as the transaction mode for its project.
TradingView: NUB/USDT
With a trading price of $0.02650 and a reported market capitalization of over $25 million, Nubcat cryptocurrency has secured the 2,629th position in the global cryptocurrency market ranking.
The SMA and MACD technical indicators are both recording increasing bearish sentiment in the cryptocurrency sector, indicating an increase in the negative influence of the NUB memecoin in the cryptocurrency sector.
If the bulls continue to dominate the market, Nubcat price will be ready to retest its previous all-time high (ATH) in the coming months. However, a bearish price action could push the memecoin towards its crucial support level of $0.0120.