Memecoins have been performing strongly in 2024, helped by the ongoing crypto bull market and fear of missing out. Pepe coin has surged 1,472% from its January low, becoming one of the year’s top-performing cryptocurrencies. This article examines why Pepe continues to climb and why crypto analysts are turning their attention to iDEGEN.
Pepe price still has room to rise
Pepe coin has enjoyed solid momentum this year, supported by the broader crypto rally and robust investor demand. Holder numbers have jumped from about 296,000 a few weeks ago to over 330,000, signaling sustained interest.
From a technical perspective, Pepe’s price action suggests there is potential for further gains in the coming months. On the daily chart, Pepe has been forming several bullish patterns.
Pepe appears to be tracing a cup-and-handle formation. This pattern typically consists of a rounded bottom followed by a pullback that forms the “handle,” often marked by a horizontal resistance line connecting two prior peaks. In many cases, a confirmed breakout from this structure leads to a significant bullish continuation.
Additionally, Pepe is trading above all major moving averages and has formed a bullish flag candlestick pattern. This formation—characterized by a sharp vertical move followed by a compact rectangular consolidation—often signals a strong continuation to the upside.
Given these technical cues, Pepe could rebound toward its year-to-date high near $0.000026, roughly 34% above current levels. A decisive move above that point would be a bullish signal suggesting more upside over the next several months.
On the downside, a break below the key support level at $0.00001720 would invalidate the near-term bullish outlook.
Investors flocking to iDEGEN
Crypto investors are also moving capital into iDEGEN, one of the fastest-growing projects in the space. According to data on iDEGEN’s website, the project raised over $1 million in under three days, underscoring rapid early interest.
iDEGEN positions itself at the intersection of memecoins and artificial intelligence. Unlike traditional projects, iDEGEN is designed to continuously learn and absorb new information daily rather than launching with a fixed knowledge base. One notable feature is its ability to read and respond to every tagged post on X, including links and mentions, allowing the system to adapt to real-time signals.
Analysts’ bullish stance on the iDEGEN token is supported by the broader momentum in AI-focused coins and the ongoing bull market. Many digital tokens are firing on all cylinders, and several meme and thematic tokens have entered powerful uptrends.
Bitcoin’s move toward $100,000 — and the possibility that it could reach $200,000 over the next several months to years if bullish conditions persist — would likely reignite rallies in new thematic tokens. Recent surges in meme coins such as PNUT, ACT, and GOAT demonstrate how quickly thematic tokens can run. That history suggests iDEGEN could replicate similar performance if market sentiment remains bullish.
Note: this article presents market observations and technical perspectives. It does not constitute financial advice, and investors should perform their own research and consider their risk tolerance before making investment decisions.