The analyst is ambitious: “These memecoins will make a lot of money”

With the positive environment in the cryptocurrency market, many memecoins have made triple-digit increases. The high trading activity of many medium and low-volume memecoins drew attention.

Investors were eager that several memecoins reached a billion-dollar market value in every uptrend.

Pepe ($PEPE ), which has decreased by 16 percent in the last 30 days, has increased by 388.41 percent since the beginning of the year. According to the data in question, the memecoin, which has disappointed investors recently, is still supported by long-term investors. Coinpedia, which added PEPE to the first place of the “most profitable memecoins” list, said the following: It is trading with a 59.28 percent decrease from its all-time high (#ATH ). This data highlights a potential reversal for the memecoin in the coming period.

BOME, one of the main actors of the memecoin craze that broke out on the Solana blockchain, ranked second on the list. BOME, which increased by over 100 percent in a short time, moved 78 percent away from its peak. It was predicted that the $BOME price, which was evaluated as “discounted,” could rise in the coming days.

Coinpedia, which evaluated #POPCAT under the title of this year’s best-performing memecoin, said: “POPCAT price rewarded long-term investors with an annual return of 6,917 percent. POPCAT is currently down 43.84 percent from its highest level. This decline makes the SOL-based memecoin a must-have product for the list.”

According to the POPCAT chart, the Simple Moving Average (SMA) created a significant upward curve. The MACD indicator also gave a potential signal in the red histogram. The two data in question pointed to an upward outlook for the memecoin.

If the price holds above the $0.50 support level, it could push POPCAT towards the upper resistance level at $0.8220 in the coming weeks. However, if the bears gain momentum, this Solana-based memecoin could retest the $0.50 support level.