The cryptocurrency market has entered another bull run. Bitcoin (BTC) hit a new all-time high of $93,477.11 on Nov. 14, 2024. With BTC at new heights, other crypto assets are following suit. The bull run may have been triggered by Donald Trump winning the US Presidential election. Market participants may be betting on Trump’s pro-crypto and pro-businesses stance. The possibility of a 25 basis point interest rate cut may have also boosted investor sentiment.
Although BTC is the market leader, a few memecoins are outperforming the original cryptocurrency. Let’s look at three memecoins outshining BTC in the charts.
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Top 3 Meme Cryptocurrencies Outperforming Bitcoin
1. Peanut The Squirrel (PNUT)
PNUT is a fairly new cryptocurrency that is making waves in the crypto community. The asset is currently the best-performing crypto among the top 100 projects by market cap. The memecoin is up by 131.5% in the daily charts and 1548.4% in the weekly charts. The asset hit an all-time high of $2.44 earlier today.
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According to CoinCodex, PNUT will continue to rally over the next few weeks. The platform anticipates the asset to rise to $5.88 on Dec. 12, 2024. Hitting $5.88 from current price levels will translate to a rally of about 172.22%.
2. Pepe (PEPE)
PEPE is another popular meme cryptocurrency that is outperforming Bitcoin (BTC). The frog-themed crypto hit a new all-time high of $0.00002457 today. PEPE is up by 81.7% in the daily charts, 124.3% in the weekly charts, 140.2% in the 14-day charts, and 118.6% over the previous month.
According to CoinCodex, the meme cryptocurrency will continue to rise over the next month, hitting $0.00007207 on Dec. 12, 2024. Hitting $0.00007207 from current prices will result in a rally of about 204%.
3. dogwifhat (WIF)
WIF is the third cryptocurrency that is outperforming Bitcoin (BTC). WIF is up by 40.4% in the daily charts, 75.3% in the weekly charts, 60.6% in the 14-day charts, and 51.4% over the previous month. Despite the rally, WIF is still down by 12.3% from its all-time high of $4.83.
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CoinCodex anticipates WIF to continue its rally. The platform predicts the meme cryptocurrency to hit $14.93 on Dec. 12, 2024. Hitting $14.93 from current price levels will translate to a rally of about 262.38%.
