Memecoins are doing well in 2024, helped by the ongoing crypto bull market and fear of missing out. Pepecoin has emerged as one of the best-performing cryptocurrencies this year, surging 1,472% from its January low point. In this article, we explore why Pepe continues to rise and why crypto analysts are paying attention to iDEGEN.
Pepe price has room to rise
Pepecoin has performed well this year, helped by the ongoing crypto rally and strong demand from investors. The number of holders has surged to more than 330,000, significantly higher than the 296,000 a few weeks ago, indicating strong demand.
Technical analysis believes that Pepecoin’s price has room for further growth in the coming months. On the daily chart, we can see that the coin is forming some bullish patterns that could lead to further gains.
A cup and handle pattern is formed and is a popular continuing sign in the market. This pattern consists of a horizontal line connecting two vertices, followed by a pullback and a rounded bottom. The assets then form a consolidation and become part of the hand. In most cases, this pattern will yield more profits.
Pepe also stayed above all moving averages and formed a bullish flag candlestick pattern. This pattern is formed when assets form vertical lines and rectangles. In most cases, this is one of the most bullish patterns.
Therefore, Pepe's price could rebound and reach a year-to-date high of $0.000026, about 34% above current levels. A move above this point would signal further upside in the coming months.
Conversely, a break below the key support level at $0.00001720 will invalidate our bullish view in the near term.
Investors flock to iDEGEN
Cryptocurrency investors are turning to iDEGEN, one of the fastest growing players in the industry. According to data on the company's website, the company has already raised more than $1 million in less than three days, making it one of the fastest growing companies in the industry.
iDEGEN is an upcoming crypto project at the intersection of meme coins and artificial intelligence. Unlike other crypto projects, there is no knowledge or information before birth. Instead, it's created to help you learn new information every day. One of its biggest benefits is that it reads and responds to all tagged X posts that contain links.
Crypto analysts are bullish on iDEGEN token as AI coin continues to grow and the bull market continues. Also, digital coins are firing on all cylinders, with most coins in a strong bull market.
Bitcoin is approaching $100,000, and if this happens, it could soar to over $200,000 in the coming months or years. If this happens, a new theme token will recreate the rally. Just recently, several meme coins such as PNUT, ACT, and GOAT have exploded. This means that iDEGEN tokens can reproduce this performance. Click here to learn more about iDEGEN. Click here for information on X.
