Here’s Why Meme Coin Prices Are Pumping: PEPE, WIF, FLOKI !!

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Meme coins are finishing this week on a high note on the day known as “Pepe Friday”. The Pepe price itself is performing well, but there are a few other meme coins to watch as we close out this week. Let’s find out.

When we look at meme coin price performance this week, the top 6 coins by market cap show that 5 coins have had a “green” week, while only DOGE is slightly in the red with a 1.5% decrease. Memes have been a hot topic this cycle, and today’s good performance is most likely related to the “PEPE Friday” phenomenon.

Dogwifhat (WIF) has actually performed the best in this group, with a 25% pump, closely followed by FLOKI with a 20% pump. PEPE gained 12%, with most of that (10%) occurring today on PEPE Friday.

Jelle, a prominent crypto analyst with a following of 84,000 people on X, provided his analysis on the FLOKI token. For context, the FLOKI price is currently trading around $0.00026, while its all-time high (ATH) is in the $0.0003 area. He believes that FLOKI’s price action has unfolded precisely as anticipated, with the token reclaiming its previous all-time highs and now consolidating just below that level.An analyst known as Freeon X, with a following of 21,000 users, shared an insightful perspective regarding the meme coin space. Free acknowledged that identifying the next breakout success akin to WIF or PEPE will become increasingly challenging due to the influx of new meme coins launching daily and the saturation starting to occur within the mid-cap category.

However, Free expressed a sentiment that despite these challenges, there is a strong likelihood of another meme coin project achieving a similar level of success as WIF or PEPE before the end of the current market cycle.

As for meme coin price predictions, PEPE, FLOKI, and WIF (currently at $3.5) could continue their upward trajectories in the short term, especially with the meme coin hype surrounding “PEPE Friday.