These Memes Tokens Show Strong Potential Despite Pepe & Dogecoin Price Stagnation
Pepe ($PEPE) and Dogecoin ($DOGE), two prominent meme coins, are experiencing a period of minimal price momentum, prompting meme coin traders to look for other opportunities. In the midst of this, two new meme projects, Wall Street Memes ($WSM) and Thug Life ($THUG), have emerged as potential hotspots for significant growth.
$PEPE has been closing bearishly in four of the last five days and its price has fallen by 4% in the past week, indicating a bearish trend. Its daily trading volume has dropped significantly and is now only $96 million compared to over $800 million in June. However, $PEPE has shown resilience in the past, giving hope for a recovery.
Similarly, $DOGE is in a consolidation phase, with its value trading in a narrow range. While its technicals are more positive compared to $PEPE, its trading volume has decreased significantly, posing a potential challenge.
As attention shifts from Pepe and Dogecoin, two new meme coins, Wall Street Memes and Thug Life, are gaining traction. Wall Street Memes has raised over $14.4 million in funding through its presale and has garnered a strong community of over 1.1 million people. Many believe that Tier-1 exchange listings are on the horizon for Wall Street Memes, which could contribute to its potential to reach a $1 billion market cap.
Thug Life’s presale has raised an impressive $1.2 million within just two weeks. Inspired by the popular “Thug Life” meme, Thug Life aims to create a community of investors looking to benefit from meme coin market gains. The developers plan to launch Thug Life on major decentralized exchanges after the presale, which could drive a price surge.
Overall, these new meme coins, Wall Street Memes and Thug Life, present opportunities for investors seeking growth in the meme coin market.