Dogecoin Rallies 30% as Market Shifts into Blue Chips: But These New Meme Coins Could Outperform DOGE
Dogecoin is rallying. At this pace, DOGE could print fresh Q4 2024 highs. However, Pepe Unchained and Crypto All-Stars are new meme coins that could perform better.
2024 has to be the year of meme coins. BOME , BONK , PEPE , PEPU , and many more have all been the rage, priming top altcoins like Solana, Tron, and, at some point, Avalanche.
It is so much that the total market cap of all meme coins in circulation is at record highs, soaring to over $74 billion.
( Source )
Surprisingly, VCs, crypto founders, and influencers expect meme coins to rip even higher in the coming years.
One of them thinks meme coins will command a cumulative market cap of over $1 trillion–this is nearly what the Bitcoin network is worth and far more than Ethereum .
Dogecoin Rally Is Leading Charge in the Top 10 Crypto Memes
If true, the most valuable meme coin, Dogecoin ,could lead the charge, lifting other quality meme coins, such as Crypto All-Stars and Pepe Unchained.
It is easy to see why: Dogecoin rallied to over $0.75 in 2021 before peaking and crashing in 2022.
My brother in Christ! $DOGE looks so ready
The moment we waited for 3+ years,
Is finally here.
Pair this with BTC price discovery
And you'll re-learn the definition of a pump pic.twitter.com/6mv5y2gnpa
— Zer0 🕊️ (@degengambleh) October 22, 2024
There are hints of buyers preparing to push higher now that Elon Musk is subtly supporting the coin (again).
From the daily chart, DOGE is up a decent +30% in the past week, pushing gains to over +70% in the last two months.
( DOGEUSDT )
Of note, DOGE is within a bullish breakout formation following the break above September highs in mid-October.
Since the leg up is due to rising trading volume, and prices are firmly above the 20-day moving average, Dogecoin could continue rallying.
However, with rising tides and low-cap gems, Crypto All-Stars and Pepe Unchained could easily outperform DOGE price.
Low Cap Gem #1: Crypto All-Stars: MemeVault A Gamechanger
Crypto All-Stars is not your ordinary meme coin project. Many meme coins launch for the fun of it.
Not Crypto All-Stars is changing the meme coin industry with the innovative launch of meme coin staking vaults .
These vaults allow users to generate a passive return with their meme coin stack holdings. Over $2.6 million has been raised in the ongoing presale.
What’s attractive is what it brings to the table. Weaved using the ERC-1155 stand, the platform supports multiple tokens, allowing it to create a unified staking protocol purposed specifically for meme coins, including Shiba Inu and Dogecoin.
Crypto All-Stars allows holders of these blue chip coins to lock them into the world’s first-ever meme coin staking vaults, earning rewards while holders await the parabolic bull run pump.
This way, holders easily cushion themselves against the ordinarily volatile meme coins.
What’s more? STARS, the native token at presale, can be staked, earning stakers a market-beating +578% APY.
Stay updated with the latest news and developments by joining the Crypto All-Stars community on Telegram or X .
Visit Crypto All-Stars.
Low Cap Gem #2: Pepe Unchained: A Layer-2 On Ethereum For Meme Coins
Dogecoin is also facing stiff competition from Pepe Unchained. As Ethereum rapidly scales using layer-2s, there are no such platforms for meme coin enthusiasts until now.
Pepe Unchained developers are building a meme coin-centric layer-2 dubbed Pepe Chain.
The interest is high: Over $22 million has been raised in the past few weeks. PEPU, the native token, is trading for just $0.01176 but only for a limited period.
Prices will increase in the next 24 hours. Buying now means acquiring a potential 100X gem at a huge discount.
By default, it will be interoperable with Ethereum but will be faster and more scalable.
This translates to a solution where meme coin deployers and traders can easily engage without worrying about high fees, especially with the backing of a new ecosystem development fund aiming to attract the best degen developers in the space to build out Pepe Unchained.
Besides an in-built DEX, there is a staking platform for PEPU where those who lock up tokens receive an alluring 103% APY.
Stay updated on the latest developments and announcements by joining the project’s community on X and Telegram .
Visit Pepe Unchained
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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