WIF and PEPE prices nosedive after recent increases – Meme crypto rally over?

Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.

In recent days we have been in a major meme crypto rally. Last Friday, Pepe (PEPE), DogWifHat (WIF), Bonk (BONK), Shiba Inu (SHIB), and Dogecoin (DOGE) all posted gains between 10-30%. One investor even managed to become a crypto millionaire with a starting budget of just $310.

However, it looks like meme coin mania is over. Pepe and WIF have both experienced declines over the past 24 hours. In this article we will analyze these declines to see if the meme crypto rally is over. We will also discuss a few meme coins that still have a good chance of making big profits due to their low market capitalization.

The crypto meme rally – What are the numbers?

The entire crypto market has been incredibly bullish in recent weeks. This is most likely due to all the positive news surrounding the Bitcoin (BTC) price. Bitcoin has been in an almost constant rally in recent months and even managed to reach a new all-time high. All cryptocurrencies grew along with it, but meme coins especially increased in value.

Let’s look at the two biggest meme coins on the market. These are Dogecoin (DOGE) with a market cap of about $25 billion, and Shiba Inu (SHIB) with a market cap of about $20 billion. Both meme coins have been rising sharply since the end of February.

According to CoinGecko figures, Dogecoin and Shina Inu have risen 78% and 213% respectively in the past 14 days. And they are not alone. For example, Pepe (PEPE) is up 285% in the past 14 days and DogWifHat (WIF) is up 246%.

Dogecoin price in the past month. Source: CoinGecko

But is the crypto meme rally over?

However, it seems that on the morning of March 12, 2024, retracement movements took the lead. For example, Dogecoin has fallen from a local high of $0.1825 to a local low of $0.1684. And the other meme coins have also received corrections.

For example, Shiba Inu went from a local high of $0.00003441 to a local low of 0.00003199. The same goes for DogWifHat, which dropped from $2.10 to below $1.90. Pepe has also experienced a drop from $0.00000908 to $0.00000814.

The question now is whether the crypto meme rally is over. Or is this just a local retracement resulting from increased selling pressure? For this we can look at the technical indicators of, for example, Pepe (PEPE).

For example, Pepe’s Relative Strength Index is at 74. When the RSI rises above 70, this is often a bearish overbought signal. For example, the RSI of Shiba Inu is also at 73. So it seems that the meme coins will currently first have to experience a retracement to cool down a bit.

New meme coins for big profits during the crypto meme rally

So it seems that the most famous meme coins are currently in a slightly bearish trend. In addition, the question is whether these larger meme coins can still generate meme coin-worthy profits. Investors in meme coins are often looking for profits of x10, x100 or even x1000. This of course comes with some risk. If the bigger meme coins make these kinds of gains, the market cap should rise to unrealistic heights.

Therefore, it may be wiser to invest in newer meme coins with a small market capitalization. These have yet to experience their first major increases, making them very interesting for investors with a higher risk profile. We have selected four promising options in this article.

Smog ($SMOG) – De beste Airdrop crypto meme van 2024

The Smog ($SMOG) token is a new Solana-based meme coin that plans to set the meme coin world on fire. This dragon-based token was launched in early February. Smog wants to take the crypto world by storm through an innovative crypto airdrop campaign.

This token has not experienced a standard presale period. The token was launched through a ‘fair launch’. In this way, the opportunities are equal for every caliber of investor. This also allowed everyone to stake the tokens on the platform at the same time.

Staking is very important with the Smog token. If you stake $SMOG, you get access to the ‘Dragons Court’. This is an exclusive crypto community where you can collect airdrop points by staking, but also by completing additional assignments (also called ‘quests’).

When we look at the tokenomics of the project, it becomes clear how much the team is focusing on this campaign. 35% of the entire token supply goes to airdrops. In addition, the team focuses on marketing and liquidity, and plans to list the $SMOG token on as many CEX and DEX exchanges as possible.

In the roadmap we find hints at expansions to multiple blockchains. In this way, the future of the project is also secured. We recommend quickly purchasing $SMOG before the price soars during the upcoming meme crypto rally.

Buy $SMOG here

Scotty the AI ​​($SCOTTY) – New AI crypto meme with expanded ecosystem

Today, artificial intelligence is one of the most talked about technologies in the world. The developers of Scotty the AI ​​($SCOTTY) want to further develop this technology by combining it with blockchain technology. The result is an ecosystem with many useful features.

The $SCOTTY token is the native token of this ecosystem. It is basically a meme coin, but the name meme coin is not entirely correct. The token has a lot of utility, since it will be used in the Scotty ecosystem.

Within the Scotty the AI ​​ecosystem, a program works that can support investors in detecting and trading promising crypto. The program can also analyze transactions. This allows investors to optimize their own trades, but it can also help detect suspicious transactions and fraud.

The ecosystem also has three additional features for users. These are Scotty Chat, Scotty Staking and Scotty Swap. The chat allows users to share their experiences about certain trades. This will help strengthen the community.

With Scotty Staking, investors get passive income. This protects the token against possible pump-and-dump scenarios. Scotty Swap can be used to exchange AI-powered tokens in an optimized way.

Thanks to the handy program and the extra features, Scotty is revolutionizing the AI ​​crypto. This has also been noticed by many investors, as a result of which almost $8 million has already been raised in the presale. The next presale phase is about to start and then the $SCOTTY exchange rate will increase. We therefore advise you to act quickly.

Buy Here $SCOTTY

Sponge V2 ($SPONGEV2) – Meme crypto for x100 profits during crypto rally

Meme coins are known for their ability to quickly create crypto millionaires through massive profits. The Sponge token is the perfect example of this. The meme coin managed to generate profits of up to x100 for early investors in 2023. The developers are now coming up with the SpongeV2 ($SPONGEV2) token, which will repeat the success.

All V1 tokens were successfully transferred to V2 tokens via an innovative Stake-to-Bridge mechanism. Afterwards, the token was launched on Uniswap and Polygon and since then the Sponge V2 price has risen consistently. The team is also working hard to list the token on multiple Tier-1 crypto exchanges. If this is also successful, the token will undoubtedly increase significantly in value.

The V2 token is also an improved version. The staking mechanism has had an update. The APY is now determined dynamically. It depends on the amount of tokens staked and the staking period. The APY currently stands at 245%, which is already a very good number. It could rise even further.

$SPONGEV2 will also be the native token of a new Play-to-Earn racing game. Here players compete for a place in the world rankings. The leaders of this list will be paid Sponge V2 tokens. So Sponge V2 is ready to make new crypto millionaires, don’t miss it!

Buy $SPONGEV2 Here

Peen ($PEEN) token – Perhaps the new biggest crypto meme

The new meme coin, Peen ($PEEN), has made a fool of the entire crypto world after its listing. Peen comes at the perfect time as the meme coin world is experiencing a major rally. The Peen project goes back to the core of meme coins: humor. You only have to take one look at the website and you know exactly what you are getting.

Now that the largest meme coins will probably not manage to generate x100 or even x1000 profits, it is time for a different approach. The Peen token has the highest chance of such gains. Everything is possible in the world of meme coins. That’s why they get so much attention these days.

The $PEEN token has gone live on Uniswap with a fair launch. All 800,813,569 tokens have been made available to the crypto community at the same time. Peen is now waiting for listings on larger exchanges such as Binance and the token could easily become the next $WIF.

The market cap has already gone x3 and this is just the beginning. Investors in meme coins are experts at spotting these kinds of opportunities. If you would like to make a profit with meme coins, it is important that you get into a new token as early as possible. This way you increase the final return. So take a quick look at the $PEEN website.

Buy $PEEN Here

Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.