Meme coin fans had been excited as Pepe Coin ($PEPE) and The Official Trump Coin ($TRUMP) lastly noticed weekly beneficial properties whereas the broader market was nonetheless consolidating.
Some analysts suppose these meme cash are hovering close to essential help ranges. However the broader crypto market sentiment remains to be cautiously optimistic because of macroeconomic uncertainties. Buyers are actually additionally contemplating Meme Index ($MEMEX), a brand-new crypto undertaking providing an “ETF-like” answer for investing in meme cash.
Pepe and Trump Coin See Renewed Momentum
Pepe Coin was a star performer in 2024, however Q1 of this yr hasn’t been nice for meme cash.
After reaching its all-time excessive (ATH) of $0.00002803 in December 2024, PEPE misplaced essential help ranges and misplaced round 75% of its market worth up to now few months.
However latest value actions confirmed Pepe was up by round 20% final week. This has lastly set the stage for the meme coin to regain its misplaced momentum if the broader market situations don’t deteriorate additional.
In style crypto analyst Ali Martinez just lately tweeted that PEPE exhibits an inverse head-and-shoulders sample on the chart.
$PEPE may very well be about to enter a bull rally! pic.twitter.com/7fJj9ZjxAf
— Ali (@ali_charts) March 18, 2025
The evaluation highlighted the resistance at $0.0000075 as a vital resistance stage. If PEPE can breach that threshold, Martinez believes the altcoin may set the stage for a large rally. PEPE was at the moment buying and selling round $0.000007003, inching nearer to that essential zone.
In the meantime, the TRUMP coin additionally continues to seize headlines. Launched in January 2025, TRUMP’s worth surged from $7 to $75 earlier than correcting its present value of about $10.9.
TRUMP coin has witnessed a modest 5% achieve over the previous week, and its day by day buying and selling quantity hovered round $600 million.
Nevertheless, Trump Coin’s launch additionally introduced some controversy. Studies counsel that entities linked to the Trump group might have earned roughly $100 million in buying and selling charges inside two weeks, whereas retail merchants took losses of round $2 billion.
Critics argue these revelations increase moral crimson flags, particularly provided that the Trump administration shapes rules for cryptos whereas concurrently taking part out there.
Meme Index Raises $4 Million Regardless of Bearish Sentiment
Many early buyers have acknowledged the potential of Meme Index (MEMEX). It’s the primary undertaking to supply a diversified strategy to meme coin investing, much like how conventional ETFs bundle shares.
As a substitute of investing in a single meme coin, Meme Index has created themed baskets. Buyers can choose from these baskets primarily based on their private danger tolerance.
For example, the Titan and Moonshot indexes are lower-volatility baskets as they embody blue-chip meme cash. However Midcap and Frenzy are designed for greater danger and far greater reward. These baskets give attention to rising tokens with exponential progress potential.
You want the MEMEX token to entry these baskets. By staking MEMEX, holders can put money into particular baskets and achieve governance rights.
It’s value noting that the group can vote on which meme cash ought to be added or faraway from the hampers.
Regardless of a broader market droop, MEMEX token presale has raised $4 million in document time. The undertaking has even allotted 25% of its complete provide to staking rewards, with present annual yields reaching 560%.
You should purchase MEMEX for simply $0.0166883, however the value will enhance because the undertaking enters the subsequent presale part.
