Is It Too Late to Buy Pepe, Dogwifhat, and Bonk?

Experts are extremely bullish on meme coins such as Pepe and WIF, so much so that they believe sidelined investors are still early.

As the Federal Reserve Chair Jerome Powell's dovish speech at Jackson Hole continues to drive up the prices of meme coins, several tokens have seen double-digit gains.

Pepe and Dogwifhat, two of the most well-known meme coins, have seen significant price increases. This has led to speculation that new investors may still have an opportunity to join the rally.

According to experts, meme coins are expected to continue outperforming other asset classes for the rest of the bull cycle. As a result, smart money investors are stacking low-cap and new meme coins due to their high upside potential.

For instance, Pepe Unchained has raised over $10 million in its presale, with some analysts predicting it could be the next 100x meme coin.

Here's a closer look at the price performance of Pepe, Dogwifhat, Bonk, and other meme coins.

Pepe (PEPE) Price Prediction: Is It Too Early to Buy?

Pepe, a meme coin that has captivated the crypto space with its impressive price rally, is still on the radar of several investors. Currently, the PEPE price is up by over 13% in the past day and 25% over the past week.

Despite the impressive gains, PEPE is still trading nearly 46% below its all-time high. This indicates that new buyers could still double their investments if the PEPE price only hits its peak again. However, several analysts are confident that it has much higher upside potential.

For instance, one of the top Bybit traders Bluntz (@Bluntz_Capital) spotted a close resemblance between the Pepe price chart and BTC’s when it was at its cycle low of $16k. The Bitcoin price also broke out of an ascending parallel channel, which indicates that the PEPE price could be going parabolic in the coming days.

took one look at $PEPE this morning and had deja vu like i'd seen this before.

i had and it was btc at the 16k cycle bottom lows pic.twitter.com/TZFQt9qgfz

Bluntz also highlighted the possibility of the Dogwifhat price reaching $10 in the coming months, using the Elliot Wave Theory for his projection.

After all, WIF has been trading as leveraged Solana. Considering that the odds of a Trump victory surged over the past week, it appears that the spot Solana ETF will be approved in early 2025. This is extremely bullish for SOL and consequently, WIF.

The Dogwifhat price is already up by nearly 20% today and 35% over the past week.

Bonk (BONK) Price Prediction: Could It Peak at $10 Billion Valuation?

Another meme coin that has been on a roll is Bonk, which is up by over 7% in the past day and 20% over the past week. Despite the gains, several analysts are still bullish on BONK's long-term prospects.

Many are expecting it to peak at over $10 billion valuation in this cycle, which means that new buyers could still net as much as 6x to 7x returns.

However, investors hunting for 50x to 100x returns will have to look towards low-cap meme coins such as Pepe Unchained.

Is Pepe Unchained the Next 100x Meme Coin?

During this year’s first-quarter bull run, several small-scale investors netted millions in profits with their low-cap meme coin investments. Smart money investors are betting that this phenomenon will repeat in the coming months.

There is a reason why a new meme coin – Pepe Unchained (PEPU) – has raised over $10.3 million in a few short weeks, despite the broader market uncertainty.

As we covered earlier, frog-themed meme coins tend to catch the attention of meme coin enthusiasts who are looking for the next Pepe. Tokens such as PeiPei, PepeFork and PONKE have exceeded expectations with their meteoric ascent.

However, Pepe Unchained isn’t an ordinary copycat token. Owing to its native Layer-2 chain, PEPU is expected to see substantial retail investment, an area where most new Ethereum meme coins struggle.

Indeed, it is expected to offer significantly low trading costs and high staking rewards. For instance, presale PEPU buyers are already earning staking rewards at a reward rate of nearly 200%.

With its strong early demand, native Layer-2 chain and lucrative staking rewards, it is no surprise that experts are bullish on PEPU’s upside potential. Some believe that early presale buyers could net as much as 100x returns after its launch.

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