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The Big Players in the Meme Coin World Take a Breather
The recent bullish momentum of meme coins Pepe ($PEPE) and Dogecoin ($DOGE) has slowed down, leading traders to search for new opportunities. Two new meme projects, Wall Street Memes ($WSM) and Thug Life ($THUG), have emerged as potential areas for significant growth.
Bearish Week for $PEPE
- $PEPE’s price has fallen by 4% in the past week, indicating a bearish trend.
- The token’s daily trading volume has dropped significantly to just $96 million.
- Despite setbacks, $PEPE has shown resilience in the past and could potentially recover.
Dogecoin Enters Consolidation Phase
- Dogecoin is also experiencing a quiet period in the market.
- The price of $DOGE has been trading in a narrow range, indicating a consolidation phase.
- The technicals for $DOGE are more positive than $PEPE’s, with an upwards trendline and a strong support level.
- However, trading volume for Dogecoin has also declined.
Which Meme Coins Are Bullish This Week?
Attention is now shifting towards the newcomers in the meme coin space, Wall Street Memes and Thug Life.
Wall Street Memes Emerges as Contender
- Wall Street Memes has raised over $14.4 million in funding through its presale.
- The $WSM token is priced at just $0.0316, making it appealing to investors.
- The community of Wall Street Memes comprises over 1.1 million people.
- Many believe that Tier-1 exchange listings are on the horizon for $WSM.
“Baller’s Meme Coin” Thug Life Causes a Stir
- Thug Life has raised $1.2 million in its presale.
- The token aims to create a community of like-minded investors.
- Thug Life plans to launch on major decentralized exchanges after the presale.
- Airdrop campaigns and a growing Telegram channel indicate potential growth for $THUG.