Pump.fun, the premier meme coin launchpad on Solana, reached $1B in TVL on September 15 as the meme sector market cap climbed to $83B a few days prior, maintaining a solid performance at the beginning of the week.
The PUMP token itself reached a new ATH $0.008819 on September 14, with investors anticipating an additional push if the FOMC passes rate cuts on September 17.
PUMP isn’t the only token attracting attention as traders also pour in $210K into the DeepSnitch AI presale. While primarily a full-fledged AI project, DeepSnitch AI also appeals to meme traders with its viral design, tokenomics, and the affordable price of $0.01667.
As a result, many investors in the meme sector actually claim it’s one of the best meme coins to buy right now.
What’s driving the PUMP rally?
On-chain data revealed that Pump.fun processed over $1B in transaction volume on September 15, which isn’t surprising considering that Pump.fun maintains a strong position as the top meme launchpad on Solana.
Moreover, the TVL on the platform reached $334M on September 15, according to DefiLlama.
A key contributor to the buzz is Pump.fun’s streaming feature, which, according to the protocol, paid out $4M in creator rewards, with most funds going to first-time creators.
The PUMP token mirrored these peaks, reaching $0.008819 ATH on September 14, according to CoinMarketCap. While the price eventually normalized, PUMP traded at $0.008253 on September 16, representing around a 77% weekly growth.
PUMP will likely continue moving up as the Pump.fun platform logs news successes. Moreover, the Fed rate cuts may provide extra momentum, potentially pushing PUMP to solidify above its ATH.
Yet, some traders point out that PUMP is not the only bullish meme coin in mid-September. CoinGecko data reveals that the entire meme sector was valued at over $86B.
As the market eagerly awaits the Fed rate cuts, investors believe investing in meme tokens with potential could be a lucrative way to capitalize on the cuts, as well as the overall growth of the meme sector.
High-potential meme tokens
1. DeepSnitch AI: DSNT presale pumps 10%
Raising $210K in the first stage of the presale, DeepSnitch AI is a project that expertly combines robust AI utility with meme coin appeal.
DeepSnitch AI is creating a dashboard that will provide retail traders with key analytics collected by five AI agents. Each specializes in a specific aspect of analytics. For instance, tracking whale activity, collecting alpha news, delivering on-chain insights, and assessing contract risks and tokens.
The dashboard and agents will become available for early investors as they’re rolled out.
Despite operating as a full-fledged AI trading solution, DeepSnitch AI also has a strong footing in the meme sector. For starters, all five AI agents will be connected to a meme avatar. However, the tokenomics of the project resemble meme coins, with 30% of the supply allocated for marketing.
This will help generate hype and ensure a steady influx of capital during the presale.
At $0.01667, DSNT is not only an affordable entry into the innovative AI market, but could provide a massive upside with minimal inflow.
For instance, traders who invest $100 into DSNT at the current price could gain $10K if the project goes 100x after launch.
Considering investors have already raised over $210K the hype is building rapidly. The price has also surged by 10%, leading traders to rush to the DeepSnitch AI website to get the token at $0.01667 before the next price jump.
2. Pudgy Penguins: Is PENGU worth it?
PENGU struggled to maintain a stable price at the end of August. Yet, the coin logged an impressive 359% trading volume growth on September 9, with an impressive 7-day rebound of 20%.
On September 16, PENGU traded at around $0.03410, according to CoinMarketCap. While this could indicate a lack of momentum, price predictions are generally bullish.
Some forecasts anticipate PUDGY’s buying volume to accelerate in mid-September, which could hypothetically push the value into the high $0.080 area by the end of the month.
Considering the positive impact of Fed rate cuts and the overall performance of the meme sector, Pudgy Penguins may finally return to its heights in July.
2. Dogecoin: Can DOGE solidify at $0.30?
The first-ever Dogecoin treasury restored some of the interest in the original meme coin. As a result, traders who completely sidelined DOGE are now wondering if it’s one of the best meme coins to buy now.
According to CoinMarketCap, when the DOGE treasury acquired 285M tokens, Dogecoin quickly rallied to the $0.2620 area on September 12. After testing $0.30 the following day, DOGE bulls failed to flip the resistance, and value slumped back to $0.2630.
On September 16, DOGE climbed to $0.2700 levels, leading investors to believe that $0.30 is possible.
Considering the treasury will continue purchasing DOGE, and the Fed rate cuts may cause a significant bull run, Dogecoin may actually solidify above $0.30. Some forecasts are very bullish, predicting that the breakout to $0.80 is possible.
Final words: Meme season is upon us
PUMP’s recent performance is another sign that meme coins are back with a vengeance that could potentially rival the meme mania from Q4 of 2024. Since the market expects most coins to hit green candles, deciding on the best meme coins to buy can be challenging.
Fortunately, DeepSnitch AI is a presale project noted for its affordable price and an interesting fusion of AI coins and the meme market. So far, $210K raised by meme traders and AI enthusiasts solidifies that the convergence of these wildly different sectors is a winning combination.
The price of $0.01667 represents a 10% from the initial presale offering. As a result, investors are already rushing to reserve their tokens before the next price increase.
Join the DSNT presale via the official website.
FAQs
What are the best meme coins to buy right now?
Along with PUMP, DeepSnitch AI, a new presale project that combines AI utility and meme culture, is gaining more attention as the community expects a Q4 bull run.
Why is DeepSnitch AI considered one of the best meme coins to buy?
DeepSnitch AI combines AI-powered trading tools with meme-style tokenomics. Its presale has already raised $210K at $0.01667, making it a low-cost entry with potential for 100x gains.
Is Pump.fun’s growth driving the meme coin market
Yes, Pump.fun surpassed $1B in TVL, boosting the entire meme coin sector to an $83B market cap. Its success is seen as a catalyst for PUMP and other meme tokens gaining traction.
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