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Meme coins are finishing this week on a high note on the day known as \u201cPepe Friday\u201d. The Pepe price itself is performing well, but there are a few other meme coins to watch as we close out this week. Let\u2019s find out.<\/p>\n
When we look at meme coin price performance this week, the top 6 coins by market cap show that 5 coins have had a \u201cgreen\u201d week<\/a>, while only DOGE is slightly in the red with a 1.5% decrease. Memes have been a hot topic this cycle, and today\u2019s good performance is most likely related to the \u201cPEPE Friday\u201d phenomenon.<\/p>\n Dogwifhat (WIF) has actually performed the best in this group, with a 25% pump, closely followed by FLOKI with a 20% pump. PEPE gained 12%, with most of that (10%) occurring today on PEPE Friday.<\/p>\n Jelle, a prominent crypto analyst with a following of 84,000 people on X, provided his analysis on the FLOKI token. For context, the FLOKI price is currently trading around $0.00026, while its all-time high (ATH) is in the $0.0003 area. He believes that FLOKI\u2019s price action has unfolded precisely as anticipated, with the token reclaiming its previous all-time highs and now consolidating just below that level.<\/p>\n $FLOKI<\/a> played out exactly as expected \ud83d\udc40<\/p>\n Made its way back to all-time highs, and now consolidates right below it.<\/p>\n Expecting a little more consolidation underneath the resistance level before new all-time highs.<\/p>\n Patience. \ud83d\udcc8 https:\/\/t.co\/htd2BCXuh2<\/a> pic.twitter.com\/OnTnltUlQx<\/a><\/p>\n \u2014 Jelle (@CryptoJelleNL) May 31, 2024<\/a><\/p>\n<\/blockquote>\n Jelle expects some additional consolidation to occur underneath the resistance level before FLOKI eventually breaks out to establish new all-time highs.<\/p>\n An analyst known as \u201cFree\u201d on X, with a following of 21,000 users, shared an insightful perspective regarding the meme coin space. Free acknowledged that identifying the next breakout success akin to WIF or PEPE will become increasingly challenging due to the influx of new meme coins launching daily and the saturation starting to occur within the mid-cap category.<\/p>\n Finding the next $WIF<\/a> or $Pepe<\/a> is gonna be harder with all these new memes launching everyday and the mid cap category starting to get a bit saturated<\/p>\n At the same time I have this feeling that there WILL be another $WIF<\/a> or $pepe<\/a> before the end of the cycle<\/p>\n Gotta stay focused.<\/p>\n \u2014 Free (@free_electron0) May 31, 2024<\/a><\/p>\n<\/blockquote>\n However, Free expressed a sentiment that despite these challenges, there is a strong likelihood of another meme coin project achieving a similar level of success as WIF or PEPE before the end of the current market cycle.<\/p>\n Technically, the indicators are bullish for PEPE, as the MACD line is now above the MACD signal line, and the RSI is around 60, indicating potentially more upside momentum.<\/p>\n As for meme coin price predictions, PEPE, FLOKI, and WIF (currently at $3.5) could continue their upward trajectories in the short term, especially with the meme coin hype surrounding \u201cPEPE Friday\u201d.<\/p>\n Jacob Bury, a YouTuber with a community of 40,000 subscribers, highlighted in today\u2019s video a new meme coin project called PlayDoge. This project aims to combine the play-to-earn and meme coin markets, drawing inspiration from the nostalgic Tamagotchi virtual pet concept. PlayDoge has definitely attracted some investors, successfully raising $600,000 in just a few days making in one of the hot crypto presales<\/a> right now.<\/p>\n\n
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Next Meme Coin to Watch in June?<\/h2>\n