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Memecoin prices surge as analyst Jacob Bury predicts potential explosions for Dogwifhat and newly launched Pepe Unchained.
Memecoin prices are rising, and a prominent analyst has speculated on what he thinks might explode.
According to Jacob Bury, Dogwifhat and the newly launched Pepe Unchained both have a chance of significant gains.
WIF is heading toward $10, says Jacob Bury
WIF’s position as the front-running memecoin on Solana, paired with a bullish price chart structure, indicates strong growth potential.
Bury underscored the prevalence of Solana meme coins, noting that the sector “has been making headlines.”
Furthermore, he highlights that he is more optimistic about Dogwifhat and other “smaller” memecoins thanks to their lower market caps compared to market leaders Dogecoin and Shiba Inu.
The analyst published the video just as Dogwifhat bounced from the $1.5 support zone. Since then, WIF has continued consolidating above that level.
He looks toward a higher time frame trendline resistance level, saying, “Now what we really want to see is Dogwifhat come up to this $3 level. And I have a big target in mind – I want to see it break that $4 resistance. “
Should WIF break the $4 level, Bury used the Fibonacci extension tool to estimate its next move. Based on that, he points to $10 as a longer-term target.
Bury published the video late in the summer. Until now, WIF has been unable to gain a tailwind and break these key levels. That’s due to the broader market’s difficulties.
But thanks to loosening monetary policies in the United States and China, global liquidity is rising, which historically has enabled bullish market conditions.
The industry’s total market cap has rallied since the U.S. interest rate cuts earlier this month. However, individual altcoins, such as Dogwifhat, have seen higher-than-average gains.
WIF has experienced a 27% rise in the past week, currently trading at $2.17. Moreover, the broader crypto market has fallen flat today, but WIF has continued to pump with an 8% gain.
This may mark a shift in the project’s trajectory, with it exhibiting relative strength over other crypto assets.
With that in mind, the 5x gain that Jacob Bury forecasted seems well within reason.
And on Bury’s predictions, Pepe Unchained is another project he is backing. It’s currently undergoing a presale and has raised $15 million so far.
Jacob Bury says Pepe Unchained can 10X on memecoin with L2 use case
In the memecoin sector, where most projects compete on arbitrary differences, Pepe Unchained stands out with game-changing utility.
The project is building the first Pepe-themed Ethereum layer 2 blockchain. It’ll be 100x faster and much cheaper than Ethereum, and memecoins and memecoin-related apps are its central focus.
Having raised $15 million, the project has clearly captivated the minds of crypto investors. This includes Jacob Bury, who speculates that the project can 10x in price.
Bury underscored that the memecoin sector often experiences significant growth, and Pepe Unchained’s unique use case may attract considerable liquidity as the market rises.
Adding to the excitement, the Pepe Unchained team has recently made several bombshell announcements. One was about a forthcoming developer grant program, which will financially incentivize developers to build on its ecosystem.
Another was that they’re in talks with tier-1 exchanges and are awaiting the perfect opportunity to list to “maximize impact.”
Overall, Pepe Unchained ticks all the boxes of a promising new memecoin. It has an unprecedented use case, support from respected analysts, and a solid growth strategy.
For more information, visit the Pepe Unchained Presale website.
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