As the end of 2024 approaches, the cryptocurrency market shows signs of recovery, with meme coins leading the rally.
With the market up by 1.4% and trading volume increasing by 14%, it’s a green day for investors. Bitcoin sits at $67,000, marking a 30-day high, which could lead to a broader market pump.
As Bitcoin continues to rise, we expect meme coins to follow. Here’s a look at the five top meme coins to buy in October 2024.
Brett Based (BRETT)
The first token on the list is Brett (Based), presenting a good buying opportunity as its price has dropped by about 7%. With a total market cap of $1 billion, despite today’s 7% decline, the token has shown an impressive 22% gain over the past week.
Brett has been experiencing strong momentum, and while some selling pressure is present, another surge is expected soon. Over the past month, the token has risen by 40%, benefiting from the renewed interest in meme coins.
The chart formation indicates a potential breakout ahead. After an initial rise followed by a dip, a significant upswing is anticipated, making Brett a token worth considering.
Pepe Unchained (PEPU)
Pepe Unchained, the second project on the list, is currently in its presale phase, with its Layer 2 meme coin ICO reaching the $20 million milestone. Investors can buy $PEPU tokens at $0.0103 each and join the presale using ETH, USDT, BNB, or a card.
The project offers staking opportunities during the presale, providing a 110% APY, and over 1.4 billion $PEPU tokens are already staked. Pepe Unchained is gaining attention with its new ‘Pepe Chain,’ a Layer 2 solution created to address the scalability issues of the original $PEPE coin.
Ethereum, while the second-largest blockchain, struggles with limitations like processing only 15 transactions per second, making trading meme coins like $PEPE slow and costly.
Pepe Unchained aims to solve these problems by offering faster and cheaper transactions through Pepe Chain, which enhances efficiency and reduces fees. This improvement allows traders to react quickly to market shifts and move assets smoothly between Ethereum and Pepe Chain.
WE JUST HIT $20M RAISED!
And with this milestone, we have another major project update to share with our incredible community! pic.twitter.com/z9xlqZ2dAV
— Pepe Unchained (@pepe_unchained) October 16, 2024
During bull markets, Ethereum fees often spike, so Pepe Chain provides a valuable solution for meme coin traders who have faced delays and high costs. Pepe Unchained shows that meme coins can address real blockchain issues while staying fun.
Some experts predict it could match the popularity of $PEPE and offer strong returns after listing. With faster, cheaper transactions, it may even rival coins like $DOGE and $SHIB.
Additionally, Pepe Unchained has introduced ‘Pepe Frens with Benefits,’ a grant program designed to support developers building on its Layer 2 blockchain.
The grant application period opens in Q4 2024, giving the community a chance to contribute to the growing $PEPU ecosystem. With these innovations, Pepe Unchained (PEPU) has the potential to become a 100x project when it launches.
To participate in the $PEPU token presale, go to pepeunchained.com.
Popcat (POPCAT)
The next project on the list is Popcat (POPCAT) on Solana, which is currently experiencing a decline of nearly 7.65%. Despite this drop, the community remains optimistic about Popcat’s potential. Over the past week, the token has increased by 0.6%, suggesting an ideal buying opportunity.
Earlier this week, Popcat saw a pump followed by a pullback of approximately $0.25, but a strong rebound is anticipated. Over the past month, the token has surged by 80% as meme coins gain renewed momentum, with more significant pumps expected.
With a market cap of $1.20 billion, Popcat appears poised to reach $2 billion, making it a favorable time to accumulate while prices remain low.
First Neiro On Ethereum (NEIRO)
The fourth project on the list, First Neiro On Ethereum (NEIRO), has seen a remarkable rise, increasing by nearly 5,000% over the past month since its listing on Binance. While there has been a slight pullback this week, this may offer a good entry point.
The long-term outlook remains positive as the community rapidly expands, and First Neiro On Ethereum has now entered the top 100 in market capitalization. In the short term, multiple bounces from RSI lows indicate potential upward momentum, with the price flipping resistance into support.
With Bitcoin performing well, meme coins like NEIRO are expected to experience significant growth, making it a project worth considering for buying and holding.
Mog Coin (MOG)
The final token on the list is Mog Coin (MOG), a popular meme coin that has garnered significant attention. Although it is down nearly 5.5% today, this presents a strong buying opportunity.
Mog Coin has displayed a consistent pattern of pumping followed by pullbacks, and another pullback may be on the horizon, making it crucial to time the entry carefully. Over the past week, MOG has gained 35%, and for the month, it has risen by 114%.
With meme coins beginning to pump again and market drivers like elections and rate cuts influencing the crypto space, significant moves could be ahead. On red days like this, with MOG down between 6% and 10%, it may offer an excellent buying opportunity.
Conclusion
Many tokens are in the red today, offering strong buying opportunities. DOGS is down approximately 6%, while Gigachad has dropped by 10%. Though Gigachad may not be the most favored project, its 18% decline over the week presents a solid entry point at a lower price.
The key to success in cryptocurrency lies in strategic buying—profits are made by purchasing during these low-price periods, not just during selling. These red days provide an ideal opportunity to accumulate tokens at favorable prices, positioning for future gains.
If you’re looking for investment opportunities that could offer big returns and increase in value during the next bull run, check out our guide here for the best crypto presales of 2024.