Meme coins are still taking center stage in the crypto market.
Pepe (PEPE), the market’s favorite frog coin, is leading the way, surging over 12% in the past day.
At the same time, CatSlap (SLAP), a new cat-themed meme coin on Ethereum, has exploded after its DEX launch.
And one top expert thinks SLAP could go even further and post 100x gains.
PEPE Rebounds as Spot Trading Volumes Surge to $5.4B
PEPE is back making headlines, climbing to $0.0000212 as chatter around the coin takes over social media.
Analyst Ben Walther notes how it’s now the 7th most talked-about cryptocurrency online, with trading activity ramping up to match the hype.
Spot volumes have jumped 38%, hitting $5.4 billion – more than triple that on Peanut the Squirrel (PNUT).
All of this has boosted PEPE’s market cap to $8.9 billion.
And the technical signals suggest the bullish momentum might not be over.
There’s no major news driving PEPE’s rally, but the charts show that the coin has bounced back strong after its recent dip.
It found support at the 0.618 Fibonacci retracement level, setting the stage for a strong recovery.
With momentum picking up and spot volumes surging, PEPE might be gearing up to break last week’s all-time high.
It’s an exciting time to be a holder.
Bitcoin’s Push Towards $100K Ignites Crypto Market & Boosts Meme Coin Demand
The broader market’s rally perfectly set the stage for PEPE’s surge.
Bitcoin hit a huge milestone earlier today, reaching $99,500 before settling around $98,650 – just shy of the $100,000 mark that felt out of reach just a few months ago.
Crypto analyst Crypto Rover believes that milestone is “imminent.”
However, it’s not just Bitcoin making moves.
Ethereum, Solana, and XRP are all posting solid gains, helping push the total crypto market cap past $3.2 trillion.
Spot trading volumes are up 19%, and market sentiment is soaring, with the Crypto Fear & Greed Index hitting 94.
That’s its highest level since February 2021.
In this environment, it’s no surprise that meme coins like PEPE are thriving.
These coins typically shine during bullish periods when traders are more eager to take risks.
With no signs of the market cooling off, PEPE and other meme coins could be set to rally even higher.
CatSlap Goes Viral as Whales Buy In & Analysts Predict a 100x Rally
Excitement in the crypto market has spilled over to smaller-cap coins.
And CatSlap is quickly becoming the center of attention.
The new cat-themed coin has surged 1,700% since its launch yesterday, prompting speculation that it might rival POPCAT and MOG.
With a $9.8 million market cap already achieved – despite it just being on Uniswap – it’s no wonder some big names are taking notice of SLAP.
The team at 99Bitcoins is one of them, highlighting the buzz around this new token.
They’ve even speculated that SLAP’s price could 100x from here.
Adding to the excitement, CatSlap has seen significant whale activity since going live, including a large buy order worth over $20,000 last night.
There were also multiple orders worth between $10,000 and $16,000.
This whale activity, combined with CatSlap’s locked liquidity, has created the ideal conditions for a price pump.
CatSlap’s fundamentals look equally promising.
A partnership with Best Wallet has exposed SLAP to over one million crypto users, while its 40% staking rewards provide a reason to hold long-term.
Of course, as with any new meme coin, there’s always the risk of a sell-off.
But given its incredible debut and the growing whale interest, CatSlap might have what it takes to 100x like the analysts at 99Bitcoins predicted.
This article is not intended as financial advice. Educational purposes only.
