With the meme coin segment giving a teaser of the massive underlying potential last week, the bull run rallies will likely hit higher levels. Amid a minor recovery run of Bitcoin to $60,000, the segment hits $40B market cap.
Currently, the segment stands at $37.69B, with the top coins under correction. DOGE is down by 4%, SHIB by 3.66%, and the bearish influence is growing over low-cap coins.
Amid the pullback, here are the underrated meme coins to buy with the potential to create a new generation of meme coin millionaires. So, let’s take a closer look at such coins.
Underrated Meme Coins To Buy
Ponke (PONKE)
With a market cap of $138 million, Ponke stands at $271, currently trading at $0.2494 with a pullback rally in motion. Based on its YTD performance, the meme coin has increased by 2,125% over the past year, with an all-time high of $0.71578.
From its all-time high peak, the altcoin currently trades at a 65% discount, revealing a massive upside potential. Considering the bullish revival gains momentum, the meme coin will likely achieve the $1.001 mark, turning many of its investors into millionaires.
WHY (WHY)
The WHY token has a market cap of $112 million and is currently trading at $0.000002683, with a 2.63% rise in the past seven days. In the daily chart, the WHY token reveals a long-coming sideways trend with an overhead resistance at $0.0000030.
Currently, a V-shaped recovery is struggling to hit the overhead glass ceiling. Meanwhile, the Fibonacci retracement level puts the target at $0.0000035 and $0.000004432 for the meme coin.
Non-Playable Coin (NPC)
The non-playable coin has a market cap of $106.51 million and is currently trading at $0.01469. In the daily chart, the NPC token reveals a pullback phase in motion with a local resistance trend line.
Since its inception, the meme coin has increased by $717, with a 52-week high formation at $0.035. From its peak, the NPC token is trading at a discount of 57% with a new resistance trendline.
Using the trend-based Fibonacci level, the upside target for the altcoin stands at $0.052 and $0.077 above the overhead trendline.
With meme coins making a comeback, are you wondering about Shiba Inu’s potential high in 2024? Check out Coinpedia’s SHIB price prediction for a well-detailed analysis of 2024 predictions and years beyond.
