Retail investors are piling back into meme coins – sending prices soaring.

From DOGE to BRETT, the sector is seeing an explosive rally to end October on a high.

Meanwhile, the new meme coin Pepe Unchained (PEPU) is making its own headlines, passing $23 million in ICO funding as traders rush to get involved early.

Meme Coins Surge as Market Cap Hits $62.4B

Meme coins are back, with the market turning green as their combined market cap jumped 9% to $62.4 billion.

Trading activity only adds to the story, as spot volumes are up 67% to $9.6 billion in the past day.

Clearly, retail traders are flocking to gain exposure.

DOGE is leading the way with a 13% rally, while POPCAT isn’t far behind, up 12%.

Nearly every major meme coin is in the green, with only GOAT and BABYDOGE seeing slight dips in an otherwise upbeat market.

This surge isn’t out of the blue.

Earlier this month, CryptoQuant CEO Ki Young Ju forecasted a spike in Google searches for meme coins in October – and he was right.

With retail interest building and prices rising, the meme coin season that traders have been waiting for might finally be underway.

Bitcoins Rally Sparks Meme Coin Uptrend as Traders Seek Big Gains

The meme coin sector seems to be benefiting from Bitcoin’s bullishness.

With Bitcoin now above $71,000 and analysts tossing around six-figure price predictions, the appetite for risk in crypto is heating up.

This follows a familiar pattern: when Bitcoin rallies, retail investors often get more adventurous with their portfolios.

Fresh money flows into the market, with investors hunting for the next breakout star.

Meme coins, with their potential for huge gains, naturally catch the eye of these investors.

A swing target can also be determined by projecting the Nov 2022 low to Mar 2024 high upwards from Aug 2024 low as shown also on log scale
For now I think this is a stretch
My rule is one target at a time
2/3
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