Pepe ($PEPE) and Dogecoin ($DOGE) have been the stars of the meme coin market in the past 24 hours, with both experiencing a significant price pump.
The price increases for both tokens have helped them break out of their respective consolidation phases, setting the stage for sustained growth.
Meanwhile, the new meme coin project Mr. Hankey Coin ($HANKEY) has left the crypto community astounded by selling out its presale and raising $500,000 in just nine hours.
$PEPE Breaks Out of Downward Channel, While $DOGE Gains Momentum
$PEPE has rocketed by 20% in the past day, with the token’s price gathering steam following a period of low momentum.
At the time of writing, $PEPE is hovering around $0.00000177 – just below the minor resistance level at $0.00000186.
The recent momentum has helped $PEPE break out of the downward channel that price was trapped in on the 4H time frame, setting the stage for an extended push.
Adding to the excitement is that $PEPE is now the second-largest meme coin globally, as measured by daily trading volume, according to data from CoinMarketCap.
However, fellow meme coin Dogecoin remains at the top of the pile, boasting a market cap of nearly $10 billion.
Like $PEPE, $DOGE has experienced significant growth in the past 24 hours, with the coin’s price rising 10%.
Importantly, this has helped $DOGE push out of the narrow range it was trading in – setting the stage for a further surge.
Huge Ripple Win Fuels Bullish Surge for Pepe & Dogecoin
The primary factor behind the bullish movements of Pepe and Dogecoin is not related to the coins themselves.
Instead, the positivity throughout the meme coin niche (and the crypto market as a whole) comes from Ripple’s shock victory in its defense against the SEC’s lawsuit.
The US District Court of the Southern District of New York ruled that the sale of XRP tokens did not constitute investment contracts.
This was viewed as a “partial victory” for Ripple since it shows that the SEC may have difficulty proving that cryptocurrencies are securities – a stance the organization has been all too happy to take.
As a result, cryptocurrency prices were up across the board, with meme coins like $PEPE and $DOGE benefiting from the overall positive sentiment.
Which Other Meme Coins Are Showcasing Bullish Momentum?
While Pepe and Dogecoin have undoubtedly grabbed the headlines, they’re not the only meme coins showcasing bullish momentum.
Presale tokens Mr. Hankey Coin and Thug Life are also turning heads, hinting that they could be the next breakout stars in the space.
Mr. Hankey Coin Presale Sells Out in 9 Hours, DEX Launch Set for Today
Mr Hankey Coin ($HANKEY) has sparked significant excitement in the crypto community, having just sold out its highly-anticipated presale phase.
Within six hours of its launch, the presale had amassed $400,000 in funding – and has now hit its $500,000 hard cap.
This incredible early success indicates that investors are eager to acquire $HANKEY tokens, given the impressive performance of similar coins over the past two months.
As seen on DEXTools.io, newly-launched tokens can often generate returns of 10,000% (or more) – and $HANKEY investors will be hoping a similar scenario plays out here.
Excitingly, a robust community is already forming around Mr Hankey Coin, thanks to the token’s South Park theme and hilarious branding.
The project’s Twitter account has quickly gained 7,500 followers, while the official Telegram channel is also seeing huge growth.
Further adding to the excitement is that the developers have allocated 40% of the total $HANKEY supply to providing DEX liquidity.
This decision could prove crucial since it helps guard against price slippage, market manipulation, and dreaded “rug pulls.”
All in all, the signs look incredibly promising for $HANKEY’s future – and with a DEX launch set for today, hopes are high that the token could explode upon listing.
Visit Mr. Hankey Coin Presale
Thug Life Raises $1.4m with Just 3 Days Left to Buy
Another meme coin that’s been showcasing substantial momentum recently is Thug Life ($THUG).
This rising star launched its presale phase just two weeks ago, yet has already raised a striking $1.4 million – and counting.
Thug Life’s incredible early success has piqued the crypto community’s attention, leading to speculation that it could be the next breakout star in the meme coin space.
One of the main reasons for $THUG’s rise is its unique branding and aggressive marketing strategy.
The latter aspect has been particularly successful, given that Thug Life has been featured on DEX Screener – a crypto data platform that receives over 11 million monthly visitors, according to Similarweb.
Another factor playing into Thug Life’s success is that the developers have pledged $200,000 worth of $ETH to the liquidity pool once $THUG has been launched on a DEX.
This has excited investors since it helps safeguard against price crashes caused by “rug pulls.”
With just three days left of Thug Life’s presale, investors only have a narrow window to buy $THUG tokens for $0.0007 – a decision that could prove wise once the token makes its open market debut.
Visit Thug Life Presale
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