The cryptocurrency market has witnessed a wholesome turnaround over the previous few days. Memecoins, significantly, have had a commendable value improve following Bitcoin’s (BTC) ascent to $63,000. Pepe (PEPE) and dogwifhat (WIF) observe this bullish development, rallying double digits within the weekly charts.
Memecoins Outshining Other Assets?
The frog-themed crypto has been up 3.2% within the every day charts, 15.6% within the weekly charts, 18% within the 14-day charts, and greater than 1090% since September 2023. Despite the rally, the asset continues to be down by 6.6% over the earlier month.
WIF, however, is inexperienced throughout the board. The dog-themed meme coin is up 6.2% within the every day charts, 30.5% within the weekly charts, 27.2% within the 14-day charts, and almost 6% over the earlier month.
While the current rally is commendable, WIF and PEPE might hit new all-time highs quickly.
PEPE And WIF To Hit New All-Time Highs
PEPE is at the moment down by almost 51% from its all-time excessive of $0.00001717. dogwifhat (WIF), however, is down by 59% from its peak of $4.83.
According to CoinCodex knowledge, PEPE may hit a brand new all-time excessive of $0.00002882 on Oct. 23, 2024. Reaching $0.00002882 from present value ranges will translate to a rally of about 241.5%.
CoinCodex analysts additionally paint a bullish outlook for dogwifhat (WIF) over the following few weeks. The platform anticipates the asset to hit a brand new all-time excessive of $6.72 on Oct. 23, 2024. Reaching $6.72 from present value ranges will entail a rally of about 237.7%.
October is traditionally a bullish month for the cryptocurrency market, and we might witness a market-wide rally quickly.
