Memecoins surge as Bitcoin rebounds: Pepe up over 20%, PlayDoge nears $6M
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Pepe surges 20%, and PlayDoge nears $6M raised, sparking buzz among meme coin investors.
The memecoin enigma is back at full throttle, and Pepe is one of the biggest gainers, up over 20% today.
Meanwhile, newcomer PlayDoge is also causing a stir as its total raise nears $6 million.
Let’s take a look at the top meme coin gainers right now.
Pepe price surges as ethereum ETF launch date confirmed
Pepe made a new all-time high (ATH) after Ethereum spot ETFs were approved in June, and its price is rallying again following a new launch date reveal.
This has helped in no small part because of a sweeping market recovery, with Bitcoin leading the way in a 10% rally this week.
The total crypto market cap sits at a 1.9% premium today, but the memecoin circuit has grown by 11%. However, Pepe is up almost twofold at a 22% gain. This is due to its juncture as a “beta play” on Ethereum.
ETF analyst Eric Balchunas broke the news on Monday that Ethereum ETFs will launch on 23 July.
The news caused Ethereum’s rally to outpace Bitcoin’s, but Pepe benefited the most.
Currently, Pepe is trading at $0.00001172, up 22% today, 26% this week, and down 0.9% this month.
It holds a $4.9 billion market cap and a $1.8 billion 24-hour trading volume, up 121% today. Looking ahead, analysts are hopeful for further growth for the frog-themed meme coin.
Popular Pepe community member Plazma anticipates a new ATH in the coming weeks. He notes that Pepe has broken out of a symmetrical triangle chart pattern formation and “crushed” its 50-day moving average.
The analyst anticipates Pepe will now ascend toward $0.0000175.
Meanwhile, PaikCapital underscored that Pepe has formed concrete support and alluded that an uptrend continuation is on the horizon.
The analyst also displays technical indicators that show Pepe is oversold, bolstering the potential for its bull trend to resume.
But it’s not just Pepe to catch fire today. Play-to-Earn (P2E) memecoin PlayDoge is turning heads in its presale as it closes on the $6 million total raised mark.
Leading analyst thinks PlayDoge is the next 100x memecoin
It’s not every day you get a memecoin with its own P2E game on the Apple App Store and Google Play Store. And what’s even more rare is getting to invest in that project from the ground up. But that’s what you get with PlayDoge.
And the game is no cookie-cutter. It’s a captivating reboot of the iconic 1990s Tamagotchi game that sold over 82 million units. But here’s the kicker: PlayDoge ups the ante with P2E rewards and staking.
The concept has lit a fire under traders who have invested $5.7 million into the presale. Analysts are also stoked. For example, the Cryptonews YouTube channel predicts that PLAY could 100x and says it could “make you a millionaire.”
Besides its fresh P2E-memecoin hybrid use case, the analyst highlighted PlayDoge’s early success as a reason it could explode. “This project is blowing up. It’s going crazy. It’s going ballistic,” he said.
The current PlayDoge presale price is $0.00519, but this will rise throughout the campaign. The next increase is expected to occur in one day. Potential buyers are advised to act promptly to maximize their investment.
For more information, visit the PlayDoge presale website.
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