The next Pepe has the potential for a 1,000% profit.
Meme coins are doing well in 2024, aided by the ongoing crypto bull run and fear of extinction. PeepCoin has turned out to be one of the best performing cryptocurrencies this year, jumping 1,472% from its January low. This article explains why Pepe is growing and why crypto analysts are turning to iDEGEN.
Pepe's price has room to rally.
Pepe Coin has done well this year, helped by the ongoing crypto rally and high interest from investors. The number of owners rose to more than 330,000, up from 296,000 a few weeks ago, indicating strong demand.
Technicals suggest that the price of Pepe coin has a lot of room to grow in the coming months. On the daily chart, we can see that the coin has formed a few bullish patterns that can generate huge profits.
He has created a cup and handle design that is a popular next mark in the market. This design is made with a horizontal line connecting two ends, then rounded back and down. Then the property creates reinforcement, which becomes part of the hand. In most cases, this pattern usually leads to more profits.
Pepe moved above all moving averages and created a bright flag candlestick pattern. This pattern is formed when the property forms a straight line and a rectangle. In most cases, this is one of the most advanced styles.
Therefore, there is a possibility that the price of Pepe will bounce back and jump to a high of $0.000026, which is about 34% from the current level. A move above that point indicates further gains in the coming months.
On the flip side, a break below the key support level at $0.00001720 will devalue the bullish outlook in the near term.
Investors are piling into iDEGEN.
Cryptocurrency investors are flocking to iDEGEN, one of the fastest growing players in the industry. According to the website, it raised more than $1 million in less than three days, making it one of the fastest growing players in the industry.
iDEGEN is an upcoming crypto project at the intersection of meme coins and artificial intelligence. Unlike other crypto projects, it has no knowledge or information before its birth. Rather, it is created to learn new information every day. One of its main advantages is that it reads and responds to all of X's posts, including links.
Crypto analysts are bullish on the iDEGEN token due to the continued growth and ongoing bull run of iDEGEN coins. Also, digital coins are firing on all cylinders, with most coins in a strong bull run.
Bitcoin is approaching $100,000, and if that happens, it could jump above $200,000 in the next few months or years. If this happens, new thematic tokens will repeat the rally. Just recently, we have seen several meme coins like PNUT, ACT and GOAT. This means that the iDEGEN token can replicate this performance. Learn more about iDEGEN here and follow him here on X.
