U.S.-U.K. Trade Agreement Boosts PNUT, PEPE by More Than Half | Key Meme Coins to Monitor Today
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Crypto Market Soars: Alook at Top-Performing Meme Coins
In a rather thrilling turn of events, the crypto market is on a roller-coaster ride as the United States and the United Kingdom announce a groundbreaking trade deal. And, the excitement doesn't end there; even the meme coins are feeling the heat!
Let's take a close look at three meme coins that stood out today, setting the bar high for investors to keep their eyes on.
Peanut The Squirrel (PNUT)
- Birthday Bash - Debuted in November 2024
- Total Circulating Supply - 999.85 Million PNUT
- Total Supply - 999.85 Million PNUT
- Estimated Market Cap - $266.38 Million
- Smart Contract Address - 2qEHjDLDLbuBgRYvsxhc5D6uDWAivNFZGan56P1tpump
In a nutshell (pun intended), PNUT has mad a nutty entrance, climbing an impressive 76% to reach a 2-month high. Currently, it's trading at $0.279, but it's got its sights set on $0.330. To sustain the rally and lure more investors, PNUT must establish the crucial support level of $0.260.
In case it falters, PNUT might witness a steep decline, potentially heading south to $0.219 or even $0.182, dashing the current bullish energy. A fall below the $0.260 support could put the meme coin at risk for more losses.
Pepe (PEPE)
- Hatching Time - April 2023
- Total Circulating Supply - 420.69 Trillion PEPE
- Total Supply - 420.69 Trillion PEPE
- Estimated Market Cap - $5.52 Billion
- Smart Contract Address - 0x6982508145454ce325ddbe47a25d4ec3d2311933
PEPE's popularity is skyrocketing, with a jaw-dropping surge of 61% in the last 24 hours, propelling it above the $0.00001000 mark. It's currently trading at $0.00001331, and its eyes are set on the next resistance level for further gains, despite the fear of potential selling pressure.
PEPE is about to test the waters at $0.00001369, the key resistance it must breach for further price gains. However, to keep the party going, it must steer clear of significant selling pressure that could hinder the sustained rally.
If PEPE fails to break the $0.00001369 barrier, it could face a pullback and possibly compromise the local support at $0.00001146. Falling below this level could lead the cryptocurrency to plummet towards $0.00000951, undermining the entire bullish outlook.
Small Cap Corner - Fartboy (FARTBOY)
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Join Plus500 Now! First Leap - January 2025* Total Circulating Supply - 999.43 Million FARTBOY* Total Supply - 999.44 Million FARTBOY* Estimated Market Cap - $35.77 Million* Smart Contract Address* - y1AZt42vceCmStjW4zetK3VoNarC1VxJ5iDjpiupump
After a bumpy ride, FARTBOY is making a strong comeback, gaining 52% today, reaching $0.037. It's a crucial moment for the meme coin as it battles to recover from losses in late March and early April. Bullish signals are emerging, as Nansen data indicates 1.28 million FARTBOY worth $47,590 off exchanges, suggesting a growing demand for the cryptocurrency.
In the event that the rally continues, FARTBOY could hit $0.051, securing the recent gains and solidifying its recovery. Failure to maintain the $0.037 support level could result in a decline to $0.030, potentially invalidating the bullish outlook and setting the stage for further losses.
However, concerns are also rising about the supply of FARTBOY. According to Soul Scanner, 37.97% of the supply was distributed via airdrops, and 44.27% of tokens were bought in bundled transactions. These facts suggest a concentrated ownership or possible sybil manipulation that could lead to pump-and-dump setups orchestrated by insiders or whales. Keep an eye on this one!
Now that you're up to speed, make your move!
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- Amid the crypto market surge, the wallet of a whale might have been filled with PNUT tokens, given the meme coin's impressive 76% growth.
- Crypto investors might be looking to cash in on the bullish trend, with the potential of trading altcoins like PEPE, which has recently surged by 61%.
- The trading platform Plus500 could witness increased activity with the comeback of FARTBOY, up by 52%, stirring interest among crypto enthusiasts.
- As the crypto market thrives, some might choose to hodl their investments, while others may seize the opportunity to invest in Initial Coin Offerings (ICOs) for future gains.
- Considering the NFT market's growth, some might even think of purchasing NFTs as a long-term investment, like collectible tokens or digital assets like CryptoKitties or Bored Ape Yacht Club.
- While the crypto market soars, one must maintain a diligent approach to investing, keeping an eye on security measures and potential risks, such as pump-and-dump syndicates, like those suspected in the case of FARTBOY.
- In the midst of all the market fluctuations, crypto finance professionals might be working tirelessly to analyze trends, make predictions, and offer advice to investors, guiding them to make informed decisions.
- With the trade deal between the US and the UK and the subsequent crypto market growth, some may reminisce about past bear markets and recall the phrase "not your keys, not your crypto," emphasizing the importance of self-custody for true ownership.
