Meme coins have emulated Bitcoin's success as the leading cryptocurrency reached $105,000 today. Pippin led the pack of joke tokens, despite being a small cap coin, seeing a substantial 94% increase in value over the course of 24 hours.

BeInCrypto has conducted an analysis of two other meme coins that investors should keep an eye on and where they are likely headed.

Moo Deng (MOODENG) is a meme coin that was launched in September 2024, with a total circulating supply of 989.97 million MOODENG tokens. After surging by 95% in the past 24 hours and currently trading at $0.26, MOODENG is experiencing strong bullish momentum, indicating a potential for further growth.

On the other hand, Dogwifhat (WIF) was launched in December 2023, with 998.92 million WIF tokens in circulation. This meme coin has seen a 25% increase in value in the last 24 hours, trading at $1.18. Its performance is closely linked to the overall market movement and depends on Bitcoin and other meme coins' performance in the coming days.

Lastly, Pippin (PIPPIN) was launched in November 2024 and has a total circulating supply of 999.94 million PIPPIN tokens. Pippin recorded a 93% surge in value over the last 24 hours and has a market cap of $50 million. Despite attracting interest from investors, selling pressure may impede further gains.

In conclusion, while these meme coins show promising growth potential, factors such as market sentiment, trading volumes, and profit-taking could influence their future price movements.