The price of PEPE (PEPE) is continuing to soar, currently sitting above the $0.0000010 level.
However, other major meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are pulling back from their recent peaks, leading some to question how long PEPE’s rise can last.
This article will take a closer look at the fortunes of these three coins before highlighting two lesser-known projects that are also seeing growing interest from investors.
PEPE Price Breaches $0.000001 as Meme Coin Stalwart Extends Rally
PEPE has experienced a strong rally over the past week, rising from $0.00000061 to today’s high.
This upside move comes as PEPE broke out above key resistance at $0.0000090, which had a capped price during the first week of August.
PEPE’s breakout has been driven by a spike in trading volume as hype returns to the world’s third-largest meme coin.
The token now trades above its 20-day and 50-day Exponential Moving Average (EMA), underscoring the strength of its uptrend.
Additionally, the technical picture remains bullish for PEPE as long as the price holds above the $0.0000090 level, which could turn into support in the near term.
Further gains could be seen as momentum remains strong, with the Relative Strength Index (RSI) sitting at a value of 71.
Dogecoin & Shiba Inu Pull Back as Investors Rotate to Newer Coins
While PEPE continues powering higher, other major meme coins like DOGE and SHIB have begun to struggle.
DOGE is down over 6% from yesterday’s high of $0.070, falling back below the 200-day EMA on the daily time frame.
SHIB has also experienced a pullback, dropping over 4% in the past 24 hours.
The cooling off in Dogecoin and Shiba Inu highlights how the sentiment towards speculative assets like meme coins can shift in an instant.
For now, PEPE is the one bucking the profit-taking trend and remaining the go-to for meme coin enthusiasts.
Time will tell whether the token’s rally will continue, but for now, investor interest remains elevated.
Which Other Meme Coins Look Primed to Pump?
While major meme coins have differing fortunes, speculative investors are searching for the next explosive rally among meme-themed projects.
Two under-the-radar coins that could see a pump in interest are Meme Kombat and Sponge, both of which are attracting attention from the retail community.
New P2E Coin Meme Kombat Offers Meme Battles & Ultra-High Staking Rewards
First up is Meme Kombat (MK), a new Ethereum-based token that combines Play-to-Earn (P2E) gaming with staking rewards.
Meme Kombat allows users to wager on AI-powered battles between popular meme coin mascots and earn staking yields of 112% APY.
Boasting hilarious memes, gaming utility, and a built-in incentive to hold tokens long-term, Meme Kombat checks a lot of the boxes for the kind of speculative project that could catch the eye of retail investors.
The ongoing MK presale has already raised over $700,000, showing strong early interest from the meme coin community.
MK tokens are priced at just $0.1667 during the presale, which is believed to be a discount on the eventual DEX listing price.
Meme Kombat’s team is also fully doxxed, and the project has undergone a smart contract audit from Coinsult, adding even further credibility.
Looking ahead, Meme Kombat’s roadmap lays out plans for new game modes, characters, and ways to earn MK – showcasing that the developers are in it for the long haul.
As such, if meme coin mania returns in full force, Meme Kombat looks well-positioned to capitalize, given its focus on long-term utility.
SPONGE Developers Announce Upcoming Burn Event as Investor Anticipation Grows
Sponge (SPONGE) is another meme coin that could be poised for a new rally, especially with its upcoming token burn.
SPONGE is a community-driven token inspired by the iconic SpongeBob SquarePants cartoon character.
The token saw a colossal 8,000% price pump to an all-time high of $0.0023 in May, although it is now trading 95% below that level.
To reignite interest, the Sponge developers have announced plans for a token burn in the coming weeks, which will permanently remove a significant number of tokens from circulation.
While details are still scarce, the SPONGE burn is designed to make the remaining tokens more valuable – with the aim of boosting price.
If properly marketed and timed during a resurgence in meme coin interest, the burn could send SPONGE on another uptrend.
Investors are already clamoring to buy SPONGE in anticipation, with spot trading volumes up a whopping 190% in the past 24 hours.
The SPONGE price has also soared 14% in the past week – hinting that it could be another low-cap meme coin ready to explode.
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