Crypto Expert Reveals Top 2 Memecoins Set to Hit New Highs Soon

The crypto market of 2024 is on a tear, clawing its way back from a slump and setting the stage for potential explosions. This year is shaping up to be a wild ride, especially for Ethereum (ETH) and memecoins, which are grabbing headlines after the long-awaited greenlight for ETH ETFs.

But what exactly is driving this surge, and are these memecoins the next big thing? Dive deeper to find out!

ETF Approval Sparks Market Rally

The recent green light from the Securities and Exchange Commission (SEC) for eight spot Ether exchange-traded funds has ignited a frenzy in the market. Noteworthy names like BlackRock, Grayscale, and Fidelity are among the entities filing for these ETFs, signaling a strong vote of confidence in the Ethereum ecosystem. While buyers of Ethereum are grappling to push its price beyond $3,950, the meme coin segment is witnessing a surge in activity.

Meme Coin Craze Takes Off

Interestingly, while Ethereum’s price movement remains somewhat restrained, the meme coin market is ablaze with excitement. Coins like Pepe (PEPE), Floki Inu (FLOKI), and Turbo (TURBO) have fueled a remarkable 4% surge in the meme coin market over the past 24 hours alone.

The collective market cap of meme coins has now skyrocketed to $66 billion, with a daily trading volume approaching $9 billion.

Expert Insights on Top Picks

Renowned analyst Bluntz has singled out two memecoins poised for success in 2024. His insights, shared on X, shed light on the potential of Pepe (PEPE) and Floki (FLOKI).

• Pepe (PEPE): Despite a recent 140% surge, Bluntz believes there’s more room for growth in PEPE. Currently ranked 12th in trading volume and 30th in market cap at $3.59 billion, PEPE has witnessed an impressive 221.45% increase in value over the past year. Bluntz predicts a target price of $0.000028, marking a substantial 75% uptick from its current value of $0.000016.

• Floki (FLOKI): While FLOKI may not match PEPE’s performance, it still holds promise. Ranked 42nd among top cryptocurrencies by volume and boasting a market cap of $1.7 billion, FLOKI is positioned for growth. Bluntz draws parallels between FLOKI’s current trajectory and the pre-PEPE all-time high phase, forecasting a new high of $0.00044. With FLOKI currently trading at $0.000294, the potential for robust growth is evident.

Ethereum’s Journey with Bitcoin

Looking beyond memecoins, Bluntz has turned his attention to Ethereum’s performance, particularly its trading pair with Bitcoin (ETH/BTC). Anticipating a short-term dip below 0.052 BTC ($3,553), followed by a breakout rally to 0.06 BTC ($4,100), Bluntz’s prediction aligns with the Elliott Wave theory.

Currently trading at 0.05625 BTC ($3,842), ETH/BTC presents an intriguing landscape for investors. Bluntz identifies a bearish divergence, suggesting a loss of momentum preceding the anticipated dip and subsequent recovery.

These Are Some Exciting Times!

The crypto market of 2024 is buzzing with activity, with Ethereum and memecoins leading the charge. Analysts anticipate these trends to persist, with new all-time highs on the horizon for the highlighted memecoins.

Ready to dive deeper into memecoins? Check out our guide to the top meme projects: Top 13 Memecoins to Buy for 10-50x Profits in 2024