With Bitcoin price maintaining its strong value above $64,500, the cryptocurrency market has regained its momentum and shown strong bullish price action since the beginning of the week.
Moreover, mid- and low-cap meme coins have recorded the highest gains over the past few days, indicating a growing interest from investors in these crypto tokens to maximize profits.
Scroll down, as in this article we have covered the top two low-cap meme coins that have a high potential to hit the $1 billion market cap milestone this year.
PeiPei (ETH) (PEIPEI) price shows a strong bullish trend:
Launched on Ethereum, the cryptocurrency immediately gained a lot of attention from the cryptocurrency market, resulting in a nearly 1,000% increase since its inception this year. Moreover, it has been trading in an ascending channel pattern since June.
On the positive side, the value of this digital currency has increased by 222.40% over the past 30 days and it is ranked 284th in the global cryptocurrency market with a capitalization of $147.70 million.
The Relative Strength Index (RSI) failed to break above the overbought range. However, the SMA indicator is consistently acting as support for the price chart on the 1D timeframe, indicating mixed sentiment for PEIPEI price this week.
An upward price move could lead PeiPei (ETH) price to reach a new milestone during the upcoming bull run. However, if a trend reversal occurs, memecoin will break its support line and make new lows.
Nubcat (NUB) Price Action:
Built on the Solana blockchain, the Nubcat project is a community of crypto enthusiasts, curious newbies, and cat lovers. Inspired by the popular cat memecoin, its native token “NUB” serves as the transaction method for its project.
With a trading price of $0.02650 and a market cap of over $25 million, Nubcat is ranked 2629th in the global cryptocurrency market cap list.
The technical indicators SMA and MACD are pointing to a rising bearish sentiment in the crypto space, indicating an increasing negative impact of NUB memecoin in the crypto space.
If bulls continue to dominate the market, Nubcat price will be poised to retest the previous all-time high (ATH) in the coming months. However, a downward price action could drag memecoin towards the crucial support level at $0.0120.