Meme coins have been known for their rapid gains during bullish market cycles, and many investors are eager to see how they perform in the next bull run. While Shiba Coin’s meteoric rise in 2021 serves as a strong example, meme coins like PEPE, BONK, and DOGS have managed to survive the bear market and remain in the spotlight. Let’s dive into the price predictions for these coins in October 2024.
DOGS Coin Analysis
Despite having 10 times more investors than PEPE Coin, the high number of DOGS wallets is largely attributed to airdrop participants. As the first major meme coin within the TON Coin ecosystem, DOGS created a lot of excitement when it launched. Its airdrop rewarded users based on tasks completed, friends invited, and time spent on Telegram. While those who received the airdrop have made significant profits, DOGS has seen a steady decline in price.
The coin recently hit a low at $0.0006265 and is facing resistance at $0.0006946. If it closes below $0.000644, a new ATL (all-time low) could be reached. However, should Bitcoin recover strongly, DOGS could test new highs between $0.0009637 and $0.0012578.
BONK Coin Analysis
BONK Coin emerged from the ashes of the Solana ecosystem’s crash, providing relief to some users who benefited from its airdrop. Many long-term holders who waited before selling have seen substantial gains. Given its emotional connection with the Solana community, BONK has the potential for long-term survival.
The price recently moved above its parallel channel support at $0.00002173 but faced selling pressure in the mid-range. Key resistance lies at $0.00002486, and if BONK sustains above this level, it could target $0.00002904. A breakout beyond $0.0000338 could see a test of $0.00004441. On the downside, potential support levels are $0.00001876 and $0.00001582.
PEPE Coin Analysis
PEPE has had its fair share of struggles, especially after its team reportedly drained funds and left the project. However, PEPE has remained resilient. At its peak, PEPE achieved over $1 billion in daily trading volume, landing it a spot on major exchanges like Binance.
Currently trading at $0.00000842, PEPE is struggling to break past the $0.00000975 resistance. If it manages to breach this level, the next target would be $0.00001087. From there, investors would expect demand to grow before a potential new ATH (all-time high) can be reached.
As we move through October, these coins will be closely watched, especially if broader market conditions improve.
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