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- 1 The MEME token price is down 2.86% in the past 24 hours and was trading at $0.0308 at press time.
- 2 The weekly MEME/USDT chart witnesses the price correcting suffering rejection from a trendline resistance.
Memecoin (MEME) is native crypto token of Memeland. Memeland is a web3 platform where users can make and share memes. Web3 is the new version of the internet that is more distributed and safe.
It is created by 9GAG, a popular website that has a huge fanbase of meme lovers. Memecoin is a way to incentivize meme makers and fund mem projects on memeland.
It is also a means for meme enthusiasts to express their gratitude and devotion to their preferred memes. Memecoin is a cool and original coin that reflects the spirit and community of memeland.
The price action analysis of the MEME token observes a short pullback after the bullish rally. The price seems to be respecting trendline resistance and suffering rejections in the recent sessions.
Currently, the price has reached the previous breakout zone and 50-day EMA from where it may get the buyers support and rise again. The long term trend exhibits positivity indicating that it might be a buy on dip opportunity for the buyers.
Memecoin Price Prediction 2023
The volume analysis shows that the trading volume surged by 10.16% and reached $82.67 Million in the past 24 hours. The MEME crypto ranks 102nd among the top cryptos with a live market cap of $270.749 Million. The volume-to-market cap ratio is 33.09%, indicating high volatility in the market.
The price prediction of MEME crypto showcases a neutral to bullish outlook in the long term. The most optimistic estimate of the analysts expects the price to reach a high of $1.493, indicating an upside potential of over 20.45%. The pessimistic outlook of the analysts assumes a drop to $0.269.
Memecoin Price Prediction 2024
As per the analysts, the most optimistic target that Memecoin crypto price may achieve is $0.656; indicating an upside potential of 115.92% from the CMP. The minimum analyst price target is $0.047 by the end of 2024.
Memecoin Price Prediction 2025
Over the next three years, the optimistic view of analysts expects that the MEME price may reach a high of $0.0105. The price may reach $0.084 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $0.068.
Memecoin Price Prediction 2026
The Memecoin cryptocurrency price may reach a high of $0.136 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $0.096 by 2026.
Memecoin Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts for Memecoin crypto estimates a price target of $0.215. The minimum price target that MEME may achieve by 2027 is $0.150.
Memecoin Price Prediction 2028
The analysts are optimistic about Memecoin (MEME) and predict that the price could go up to $0.319 in the next five years. However, the pessimistic analysts expect the price to drop to $0.221.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
