The meme coin supercycle is in full swing, with some of the world’s most renowned public figures now adding to the hype alongside historic quotes.
Trump’s DOGE plans
United States President-elect Donald Trump has established a Ministry of Government Effectivenessled by Tesla and X owner Elon Musk and biotech investor Vivek Ramaswamy. The new department’s acronym is DOGE, a nod to Musk’s favorite coin, Dogecoin.
Smaller projects like Department of Government Efficiency Coin also benefited from Trump’s announcement.
Peanut the Squirrel (PNUT) explodes again
Meanwhile, Elon Musk also posted on X about the famous squirrel on Instagram: Peanutwhich resulted in a massive rise in the price of PNUT coins, close to 300% in 24 hours at the time of writing.
Dogecoin, Department Of Government Efficiency and Peanut The Squirrel remain excellent long-term investments. However, the possibility of a short-term correction cannot be ignored.
Coinbase to finally list Pepe
In the latest news, Coinbase finally decided to include Pepe on the list after having long called him a “symbol of hatred”.
Robin Hood also lists Pepe – as well as the relisting of Solana, Cardano and XRP, historic news that propelled Bitcoin to another all-time high.
Dogecoin Price Prediction
Dogecoin was one of the biggest beneficiaries of Donald Trump’s historic victory in last week’s US presidential elections.
The meme coin market leader has surged 250% in the past month and added nearly $36 billion to its market cap since the election, thanks to Elon Musk’s strong support for Trump’s candidacy to re-election.
The price of Dogecoin did not see a notable rebound following Trump’s Department of Government Efficiency announcement, likely because the development was already priced into the price.
Despite the high level of DOGE Relative Strength Index (RSI-14) on daily and weekly timeframes, experts believe it is poised for further upside. The 20% pullback from $0.44 to $0.35 appears to be complete, indicating the start of the next impulsive move higher.
Prominent crypto trader Nebraska Gooner also reports that the top meme coin has obtained a bullish breakout of a triangle. Likewise, legendary trader Bybit Bluntz also claims that $1 appears to be “coded” for Dogecoin.
PNUT price prediction
On the contrary, PNUT coin may have entered “overheated territory,” following its 1,300% rally over the past week. The new meme coin reached a market capitalization of $1.75 billion in less than two weeks, thanks to the support of Elon Musk and its recent spot listing on Binance.
Although Musk didn’t explicitly mention the coin, he posted at length about the Instagram-famous squirrel, Peanut, who was euthanized by New York environmental protection authorities. The richest man in the world even had a lengthy conversation about Peanut on Joe Rogan’s popular podcast.
Typically, a Binance listing itself results in a local top for meme coins. After its Musk-driven increase to $1.75 billion, it could see a considerable decline – potentially between 20% and 45% – as whales lock in profits. However, it remains one of the best meme coins to buy for the long term.
The Department of Government Effectiveness is another meme piece that could have hit a local high. In fact, this is a 20% drop from today’s all-time high. Donald Trump creating the new government efficiency department may have been an event aimed at “selling the information”.
Other Meme Coins to Watch Amid Robinhood News
Whales are wasting no time in taking advantage of the extreme euphoria of the bull market. They are already on to the next best meme coins to buy.
For example, a deep-pocketed investor traded 14.64 ETH today for Pepe Unchained (PEPU)worth $48.1k. This is the whales’ fourth major investment in PEPU, with its total position in the meme coin now worth over 100 ETH.
This whale purchase took place even before the announcement of Coinbase and Robinhood listing the frog coin – news that could benefit all Pepe clones in the days to come, as more US investors enter the market.
It would not be surprising if marginalized investors start FOMO-buying this new coin, given that its pre-sale phase ends on December 4, less than 30 days from today.
Pepe Unchained has already established itself as one of the hottest pre-sale products, having already raised over $28.1 million during its ICO.
With the high speculation on Tier 1 listings, its highly demanded features such as Layer 2 ecosystem, meme coin launchpad, and strong fundamentals, it is no surprise that prominent crypto influencers are listing it. call the next coin even 100x.
Likewise, the whales piled up Flockerz (TROOP)a new decentralized coin with DAO governance and unique vote-to-win utility.
For example, a whale exchanged $54,000 worth of ETH for FLOCK on Tuesday, helping push its presale fundraising past the $1.6 million mark.
Flockerz is also attracting retail investment, thanks to its native staking protocol which currently offers a reward rate of over 1,100%.
Similar to PEPU, prominent crypto influencers are bullish on FLOCK, with many eyeing 100x returns.
The information in this article is provided by one of our business partners. 18+ only.