PEPE And BONK Prices Are Up - New Meme Coin To Watch?

This week started off slow in crypto, but the positive Consumer Price Index (CPI) news that hit the market earlier today has ignited a bullish momentum. Bitcoin (BTC) quickly rallied from around $67,000 to approximately $70,000 in response to the encouraging CPI data.

The lower-than-expected CPI figures, both monthly and yearly, have led to a drop in the US dollar and Treasury yields, as investors anticipate potential rate cuts from the Federal Reserve. This news could be a massive sign for altcoins and Bitcoin to experience further upside.

Amid this market-positive momentum, top meme coins like PEPE and BONK have experienced price pumps of around 10%, reigniting interest in this sector. However, there’s another meme coin on the radar that deserves attention.

PEPE and BONK Prices Explode

Two of the leading meme coins PEPE and BON have seen their prices surge by approximately 10% today. PEPE currently boasts a market capitalization of $5.7 billion, while BONK’s market cap stands at $2 billion, respectively.

Analyst Charlier expressed optimism about PEPE’s potential, suggesting that it could be ready for further upside following the Federal Open Market Committee (FOMC) meeting. He also highlighted its relative strength and potential long opportunities.

KAKZ, another analyst, highlighted PEPE’s dominance in the meme coin market, advising against potential pump-and-dump schemes from competing projects attempting to unseat PEPE’s position.

Currently, PEPE is trading around $0.000013, still below its all-time high of $0.000017 achieved in May.

Regarding BONK, WebTrend analytics suggested that the coin could be well positioned for a potential bounce based on its technical indicators, as it is trading within a historically favorable range for entries during the recent uptrend.

Bluntz is a very popular crypto analyst on X with over 260k followers. He expressed bullishness on both BONK and PEPE, stating that they are his favorite meme coins for potential relief bounces in the current zone, as bears may have become overly confident in the short term.

BONK is currently trading around $0.00003, while its all-time high stands at approximately $0.00004.

Meme Coin to Watch Following Positive CPI News

Rebel Satoshi’s RECQ is a utility token that serves as the base currency for the Rebel Satoshi ecosystem. It facilitates all transactions, purchases, fees, and rewards across the platform, ensuring liquidity and rewarding engagement. 

It is designed to be the backbone of the Rebel Satoshi ecosystem, enabling seamless participation in various activities and fostering a vibrant community.

Moreover, RECQ allows users to access the Rebel Satoshi Arcade, a unique gaming platform that offers a blend of free-to-play and pay-to-play classic games, rare digital collectibles, and one-of-a-kind merchandise. Within this ecosystem, RECQ can be used to purchase NFTs, in-game skins, equipment, and other digital assets, enhancing the overall gaming experience.

Currently, RECQ is in its presale phase, offering early adopters an opportunity to secure the spot and invest in this coin at lower prices. The token is expected to  launch at a price of $0.0125 (as per the website), presenting a potential return of 237% for investors who participated at the presale price of $0.0044 USDT. 

In the presale, almost 50 billion RECQ tokens have been sold, and the next stage price is set at $0.0055 USDT.

The Rebel Satoshi ecosystem has a goal to change the gaming industry by combining classic gameplay with the latest blockchain technology. 

Conclusion

All in all, PEPE and BONK prices are pumping today, trading around $0.000013 and $0.00003 respectively during the positive CPI news.

With its utility as the base currency for the Rebel Satoshi ecosystem, access to arcade games, NFTs, and merchandise, RECQ presents itself as a potential hot meme coin to watch. The presale is ongoing and RECQ has an expected launch price of $0.0125, so early investors could benefit from returns here. 

The meme coin sector remains vibrant, and RECQ emerges as a compelling option alongside established players like PEPE and BONK.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.

This post was authored by an external contributor and does not represent Benzinga’s opinions and has not been edited for content. This contains sponsored content and is for informational purposes only and not intended to be investing advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.