🚀 ETH Nears ATH: These 2 Meme Coins Are Primed to Explode

Ethereum flirts with record highs—and the memecoins riding its coattails are loading the rockets. Here’s what’s pumping beyond the usual hype.

The ETH Effect: More Than Just Gas Fees

When ETH rallies, degenerate money follows. The network’s speculative underbelly—especially meme tokens—gets a dopamine hit from retail FOMO. This time? Two outliers show freakish volume spikes while ‘serious’ investors clutch their stablecoins.

Meme Coin #1: The Dog That Didn’t Bark (Yet)

One Shiba Inu knockoff—already up 300% in August—just cleared a critical resistance level. Traders are betting it’ll eat another zero once ETH breaks $4,800. CEX listings? Inevitable. Paper hands? Already shaking.

Meme Coin #2: The Frog That Refuses to Die

A certain amphibian-themed token—left for dead in June—just posted 24h volumes rivaling Uniswap. Why? Because nothing screams ‘financial revolution’ like cartoon JPEGs and leveraged hopium.

The Punchline

While VC-backed ‘Web3’ projects burn cash on governance tokens, these two meme assets—backed by zero utility and maximum schadenfreude—are outpacing 90% of the ‘professional’ crypto portfolio. Ethereum’s ATH run might be the spark, but the tinder was always there: a market that rewards memes as ruthlessly as it punishes ‘sensible investments.’

Ethereum upholds its bullish structure 

Ethereum offers bullish signals starting with the Moving Average Convergence Divergence (MACD) indicator. With the blue MACD line above the red signal line on the daily chart, the path of least resistance could remain upward as investors are encouraged to increase exposure.

The Money FLOW Index (MFI) indicator, which measures the amount of money flowing into and out of ETH, is moving upward toward the midline, suggesting that buying pressure currently overshadows supply.

A break above the short-term hurdle at $4,500 could affirm the bullish grip, increasing the chances of a breakout to the record high. 

ETH/USDT daily chart

Bonk holds key support 

Ethereum-based meme coin Bonk is trading at around $0.00002642 at the time of writing, representing a 35% decline from its July peak of $0.00004074. Despite the drawdown, Bonk sits above support provided by the 50-day Exponential Moving Average (EMA) at $0.00002559.

The upward-moving MFI indicator backs the bullish outlook. If the uptrend toward the midline remains intact, demand for BONK could overwhelm supply, thus providing a tailwind to propel the recovery toward $0.00004074 in the medium term.

BONK/USDT daily chart

Traders should also consider the possibility of a buy signal from the MACD indicator. The signal, calling on investors to increase exposure, WOULD manifest with the blue MACD line crossing and holding above the red signal line.

Pepe offers technical bullish signals 

Pepe price is edging lower, reflecting the prevailing low sentiment in the meme coin market. Following a 3.5% decline on Monday, the token exchanges hands at around $0.00001169 at the time of writing. 

The 50-day EMA provides immediate support at $0.00001150 with the 100-day EMA and the 200-day EMA slightly below at $0.00001126 and $0.00001120, respectively. 

PEPE/USDT daily chart

A reversal could follow if the above support range holds, evidenced by a MACD indicator buy signal. The green histogram bars above the zero line back the bullish outlook, suggesting that buyers still have an opportunity to push for recovery, targeting the July peak of $0.00001470 and then the next hurdle at $0.00001629, tested in May.

Bitcoin, altcoins, stablecoins FAQs

What is Bitcoin?

Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.

What are altcoins?

Altcoins are any cryptocurrency apart from Bitcoin, but some also regard ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.

What are stablecoins?

Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.

What is Bitcoin Dominance?

Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.