Meme coins have been performing well in 2024, driven by the broader crypto bull run and strong fear of missing out. Pepe has emerged as one of this year’s top performers, surging roughly 1,472% from its January lows. This article examines why Pepe could continue to rise and why crypto investors are increasingly turning their attention to iDEGEN.
Pepe’s price has room to rally
Pepe has delivered strong gains this year, supported by the ongoing rally across digital assets and robust investor demand. The number of holders has climbed to more than 330,000, up from about 296,000 just weeks earlier, indicating growing adoption and interest.
Technical indicators suggest Pepe still has upside potential in the coming months. On the daily chart, the token has formed bullish patterns that often precede further appreciation.
Notably, Pepe appears to have completed a cup-and-handle pattern, a common continuation formation. The pattern typically features a rounded bottom (the “cup”) followed by a smaller consolidation or pullback (the “handle”), and it frequently leads to renewed upside momentum once the handle resolves.
Pepe has also moved above several moving averages and formed a bullish flag pattern on the candlestick chart. A flag generally appears after a sharp vertical move followed by a rectangular consolidation and is widely seen as a continuation signal during strong uptrends.
Given these technical signals, Pepe is likely to rebound toward its annual high of $0.000026, about 34% above current levels. A decisive break above that point would point to additional gains over the coming months.
Conversely, a drop below the key support level near $0.00001720 would invalidate the short-term bullish scenario.
Investors are piling into iDEGEN
Crypto investors are also showing strong interest in iDEGEN, one of the fastest-growing projects in the space. According to figures on its site, iDEGEN raised more than $1 million in under three days, highlighting rapid early demand.
iDEGEN is an emerging token positioned at the intersection of meme coins and artificial intelligence. Unlike many token launches that are preconfigured with fixed data, this project emphasizes ongoing learning: it is designed to ingest new information daily. One notable feature is that iDEGEN monitors and responds to posts that tag it on X (formerly Twitter), including external links, allowing the project to actively engage with the social ecosystem.
Crypto analysts are bullish on iDEGEN due to the growing interest in AI-focused tokens and the current overall market rally. Digital assets broadly are enjoying strong momentum, with many thematic tokens participating in the upswing.
Bitcoin’s trajectory toward $100,000—and potentially beyond—could fuel renewed inflows into thematic altcoins and meme tokens. If major benchmarks continue higher, smaller tokens often follow with outsized moves. Recently, several meme coins such as PNUT, ACT and GOAT have recorded significant gains, suggesting that iDEGEN could benefit from a similar trend.
Investors should conduct their own research and assess risk carefully, but the combination of a bullish market environment and growing interest in AI-related crypto projects helps explain why iDEGEN is attracting attention.