MemeCore Price Prediction: Best Meme Coins to Buy Next

Although most crypto market sectors are consolidating, a few tokens have defied the neutral-to-bearish sentiment. Among them, MemeCore (M) has stunned meme coin investors with a 320% surge over the past month.

However, the token’s rally is showing signs of exhaustion, with its 24-hour price action becoming choppy as investors take profits. Although MemeCore is slowing down, its rise sparked renewed interest in the broader meme coin space, which grew by 3.4% today.

After a month of sideways movement, meme coins appear ready to explode, which has savvy investors eyeing new opportunities. Let’s take a closer look at MemeCore’s technical outlook, and the meme coins that may soon follow in its footsteps.

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Is MemeCore’s Pump Rooted in Speculation?

MemeCore started turning heads as a pioneering meme coin Layer 1 blockchain project this February, when its mainnet launched. Designed to introduce a new wave of “Meme 2.0” tokens, it garnered attention with its community-oriented rewards and “Proof-of-Meme” consensus. Its utility token, M, surfaced in July, and the platform’s popularity helped it gain traction shortly after its debut.

However, M’s recent pump seems to be primarily speculative and driven by hype. That’s because the ambitious Layer 1 has a fairly inactive user base, with only 700 active addresses over the past 24 hours – and a few million dollars in on-chain liquidity.

Despite these underwhelming metrics, M doubled in value over the past seven days, and is hovering around $1.96 at the time of writing. The sudden surge also led to MemeCore’s Relative Strength Index (RSI) surpassing 86. This move into overbought territory typically indicates that a sharp correction will follow.

Traders seem to share that sentiment, as the token’s long/short ratio currently stands at 0.56. That means 63.79% of traders are expecting M to dip in the short term.

With buyers losing ground, M is struggling to maintain a position above $2, currently experiencing a 2% dip over the day. If profit-taking continues, M could face a trend reversal over the next week, potentially dipping to its strongest support level at $1.53.

Despite the bearish outlook following its overextension, MemeCore’s pump underscores that meme coins remain one of crypto’s most unpredictable sectors. Now, all eyes are on the tokens that could repeat M’s success and deliver outsized gains while the rest of the market remains stuck.

Brett (BRETT)

After following Ethereum’s (ETH) dip and ranging moves over the past few weeks, several Base chain meme coins are preparing to exit their consolidation phases. Among them, Brett (BRETT), the Ethereum L2 chain’s leading meme coin, seems ready to deliver explosive gains if macro conditions align.

Following a 10% rise over the week, BRETT currently stands around $0.050. As such, it’s just 4% away from surpassing its 50-day Simple Moving Average (SMA) of $0.052. If confirmed, the bullish crossover would signal the start of a strong short-term upward momentum for BRETT.

The technical analyst Steph Is Crypto believes surpassing this resistance would set BRETT on a path to $0.23.

However, Ethereum’s performance remains a key indicator to watch. If the Fed confirms rate cuts next week, ETH could surge amid increased risk asset interest. The excitement could spill over into the Base Layer 2’s meme coin ecosystem, fueling BRETT’s potential 4-5x surge.

PEPENODE (PEPENODE)

Pepe (PEPE) is one of the most successful hype-driven tokens in all of crypto, known for providing tremendous community-driven gains. However, as a high-market-cap asset worth $4.4 billion in total, PEPE’s upside potential is severely limited – which is why investors are on the lookout for its successor.

Now, a Pepe-inspired token in presale, PEPENODE (PEPENODE), seems ready to capitalize on this rising interest, with nearly $1 million raised already. Beyond the legendary Pepe the Frog memetic appeal, PEPENODE offers real utility with its Mine-to-Earn mechanism.

Holding PEPENODE will provide each user with a virtual server room in which they can place a mining rig. With the token, users can purchase and upgrade mining nodes, which passively reward them with additional PEPENODE tokens.

Plus, the mechanism has an inherent deflationary model, as 70% of PEPENODE spent on upgrades is burned – and holders can also stake PEPENODE to generate APYs of up to 1,442%.

The analyst Cilinix Crypto points out that the project will also reward top miners in tokens like PEPE. He believes now’s the best time to start stockpiling PEPENODE, which he expects to explode post-launch.

BOOK OF MEME (BOME)

Few tokens focus on preserving the meme coin culture as much as BOME, a Pepe-themed token that’s creating a repository of memes. Using decentralized storage networks like Arweave and IPFS, BOME’s vision captured the attention of thousands of investors since its inception.

The strong community support helped BOME remain in the green over the last month, unlike most meme coins. Creating higher lows since bottoming out on June 22, BOME is now moving through a bullish ascending triangle chart pattern with a strong uptrend forming long-term support.

Futures traders are also bullish, with a 1.85 long/short ratio showing the overwhelming majority expect BOME to continue surging.

For now, BOME bulls will be targeting $0.0026 and $0.0028. If these levels are broken, it could pave the way for a surge toward $0.0032 or higher during Q4 this year.

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.