Next Memecoins to Explode, April 16 – DOGE, PEPE, PENGU

Highlights:

• The next memecoins to explode include Dogecoin, PEPE, and Pudgy Penguins, signaling potential growth despite the broad market downturn.
• Dogecoin shows bullish breakout potential with strong whale support, setting key price targets for traders.
• PEPE’s 40X growth forecast positions it for a strong rally, offering a promising entry point for investors.

The global cryptocurrency market experienced a broad decline, dropping the overall market cap and 24-hour trading volume to $2.63 trillion and $74 billion, respectively. Following the decline, over 100K traders were liquidated, with the total liquidations coming to $241 million, according to data from Coinglass. 

Furthermore, the memecoin sector was not an exception, with its market cap and 24-hour trading volume declining to $44 billion and $4 billion, respectively. Most of the memecoins have recorded double-digit declines, indicating a robust bearish setback. Despite the cautious market, let’s take a look at the next memecoins to explode, such as Dogecoin, Pepe, and Pudgy Penguins.

Next Memecoins to Explode

1. Dogecoin (DOGE)

The largest memecoin, Dogecoin, is trading at $0.153 with a decline of 4% following the broad market downturn. The memecoin has extended its monthly loss to 10%, reversing the recently formed bullish reversal pattern. Moreover, its market cap and trading volume have declined to $22 billion and $780 million, respectively.

Dogecoin has recently emerged from a descending channel after a period of consolidation. Crypto analyst Jack pointed out a bullish breakout setup, recommending an entry at $0.16650. With price targets of $0.20575, $0.23916, and $0.27872, the setup looks promising for traders. The key stop-loss sits below $0.15160, with strong support at $0.16659 and $0.15160.

Furthermore, the whale activity in Dogecoin has increased, and this is an indication that the investors are growing their confidence in the memecoin. More than 800 DOGE were bought within 48 hours, which may indicate that the memecoin may be gearing up for a rally and could be among the next memecoins to explode.

2. PEPE

The frog-themed memecoin, PEPE, has seen a slight pullback today after a remarkable rally over the last week, which surged by 12%. As of this writing, the memecoin was exchanging hands at $0.000007050 with a decline of 5% over the past 24 hours. Amidst this bearish setback, its market capitalization has dropped to $2.96 billion.

Popular crypto analyst CryptoELITEs has provided a compelling analysis of the PEPE market trend. The trend in the chart is basically evident, with clear potential for expansion in the future. On the basis of the analysis, PEPE is set for the 40X from the current levels which indicates an imminent surge in the near future.

Pepe Coin – 40X Growth Incoming!

I’ve shared the dip point with you all, and we’re getting ready for the rise!

Don’t miss out! Join my Telegram channel for more insights:
Tg: https://t.co/ngqIcEBSPx$Pepe #Pepe #Crypto pic.twitter.com/H0DssGSBU5

— @CryptoELlTES (@CryptooELITES) April 15, 2025

The current market position shows a forming bottom pattern that forecasts its entry and buoyant rise to $0.0002562. As the price rises within an established channel, PEPE could be the next memecoin to explode, offering traders a potential opportunity for substantial returns.

3. Pudgy Penguins (PENGU)

PENGU has continued its bearish trend despite the recent minor recovery seen on the weekly chart. PENGU is currently seeking support at the $0.00400 region as the bears take the lead. As of this writing, the memecoin was trading at $0.00435, down by 10% in the past 24 hours. In addition, its market cap and trading volume are at $270 and $30 million, respectively.

SOL Strategies and Pudgy Penguins have developed a dedicated validator on the Solana blockchain. This partnership is expected to enhance network security and provide staking services with an APY of 7-11%. Users can stake SOL tokens through the Phantom wallet to support the infrastructure development of Solana and Pudgy Penguins.

Introducing the official Pengu Validator in collaboration with @solstrategies_.

Staking with the Pengu Validator will give you top competitive APY (7-11%) on your SOL while helping with the institutional adoption of Pengu.

Stake below. pic.twitter.com/DHZazVdf1y

— Pudgy Penguins (@pudgypenguins) April 15, 2025

Pudgy Penguins’ CEO Luca Netz noted that the validator aligns with the company’s approach to scalability and simplicity. Pudgy Penguins’ partnering with SOL Strategies aligns with the project’s emphasis on community and institutional goals.