Top-performing memecoins Pepe and Bonk have faced a sharp decline in 2024. According to data on CoinMarketCap, Pepe is now down 73% from its all-time high in May 2023, and Bonk is down 61% from December 15th.
Over the last week, Pepe crashed by 17.45%, and Bonk plunged an additional 14%, causing investors to sell their memecoins to minimize losses. Now, experts are choosing a new altcoin to rebuild their portfolios.
Bonk Surges After OKX Listing
Bonk is up 25% over the last 24 hours after OKX, a Seychelles-based cryptocurrency exchange, announced that it will list Bonk on its spot trading platform. This news has pushed Bonk's market cap above $800 million, and the memecoins daily trading volume has increased by 212%. According to trading data, 36.2% of this trading volume comes from Binance alone.
Following its price increase, Bonk’s social media activity has also soared. Data suggests that social media activity is up 97% in 24 hours, with most activity coming from Telegram and X. Now, experts believe that Bonk could experience another price rally.
Bonk’s Relative Strength Index (RSI), is currently 32, suggesting that Bonk is yet to face any selling pressure. As a result, it could continue to increase in value before the crypto bears take action.
That being said, Bonk is down 11.29% over the last month. As a result, the memecoin still has a long way to go in order to make up for its December losses.
Pepe Crashes 24% In 30 Days
Much like Bonk, Pepe has also faced significant declines in its price. Over the last month, Pepe’s value has fallen by 24%, with a 17.94% price decrease over the last seven days. Now trading at $0.00000116, Pepe is starting to make a recovery.
Over the last 24 hours, Pepe’s value has increased by 7.49%, and its daily trading activity is up by 13%. This trend suggests that Pepe is starting to recover, though it’s too early to determine if its recent bear run is over.
According to crypto analyst Kaleo, Pepe could hit a new all-time high in 2024. With the release of a Bitcoin ETF, the general crypto market is expected to surge. As a result, Kaleo predicts that Pepe could reach $0.000002 before the end of the year.
Meme Moguls Could Outperform Bonk And Pepe In Q1
With the future of Pepe and Bonk looking uncertain, Meme Moguls is becoming a popular new alternative. This lucrative play-to-earn DeFi project introduces a unique new ecosystem, consisting of a meme stock market, fun games, and a community of like-minded investors.
Using Meme Moguls, players will be able to build their own meme portfolios, earn rewards, and create new income streams. As the world's first meme stock market, Meme Moguls is completely unique and unlike anything else in the market.
Currently, in stage four of its presale, Meme Moguls has already raised $1.5 million and has amassed a significant following on social media. Meme Moguls tokens, $MGLS, are currently selling for $0.0027 and, according to analysts, could surge to $0.19 by the end of 2024.
During its presale, Meme Moguls will provide investors with a number of incentives. These include buy bonuses, $150,000 in giveaways, and a $10,000 reward for one lucky investor after each presale stage.
With significant potential, Meme Moguls is quickly gaining traction throughout the altcoin market and is expected to outperform many of the best memecoins in Q1.
For more information about the Meme Moguls (MGLS) presale follow the link below:
Website: https://mememoguls.com/
Twitter: https://twitter.com/meme_moguls
