Meme coins have had a mixed month, with some delivering massive gains while others plummeted to all-time lows. However, Useless Coin stood out with impressive returns and sustained stability.
BeInCrypto identified two more meme coins worth watching in July due to their strong growth potential.
1. Useless ($USELESS)
$USELESS led the meme coin market in June with a staggering **1,635% surge**, setting new all-time highs almost daily. The altcoin recently peaked at **$0.209**, showcasing remarkable momentum. Investors remain bullish, anticipating further upward movement.
Despite its meteoric rise, $USELESS shows no signs of exhaustion or sell-off pressure. The Parabolic SAR indicator below the candlesticks suggests the uptrend may continue. As Solana-based meme coins gain popularity, $USELESS could target $0.450 next month.
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Risks:
Like all meme coins, unexpected sell-offs could reverse the trend. If investors cash out, $USELESS might drop to **$0.066**, invalidating the bullish outlook.
2. Pudgy Penguins ($PENGU)
$PENGU had a rocky start in June but gained significant momentum last week, rising **62.6%** to **$0.0137**—a two-month high. This rebound highlights its resilience and attracts investor interest.
Key Advantage:
A 0.70 correlation with Bitcoin means $PENGU could benefit if BTC maintains its upward trajectory. Breaking the **$0.0151 resistance level could push $PENGU toward **$0.0180.
👉 Why Bitcoin’s rally matters for altcoins
Risks:
Large holders (47.72% own >$10 worth) could trigger volatility. If profit-taking escalates, $PENGU might fall below $0.0129**, testing **$0.0100 support.
3. Pepe ($PEPE)
$PEPE dropped 15% in June, underperforming most meme coins. However, Jon "Jagged" Eyrick of Pepe’s Dog Core predicts Ethereum-based meme coins may rebound in July, buoyed by ETH ETF inflows and DeFi infrastructure strength.
"Liquidity will naturally flow to established projects like $PEPE and those emphasizing authenticity." — Eyrick
The MACD indicator hints at a momentum shift, potentially aiding $PEPE’s recovery toward **$0.00001216**. A breakout could signal further gains.
Risks:
Failure to regain momentum might push $PEPE below **$0.00000917**, extending its downtrend.
FAQ
Q: Why is $USELESS outperforming other meme coins?
A: Its consistent ATHs and lack of sell pressure reflect strong community confidence.
Q: How does Bitcoin’s performance affect $PENGU?
A: Their 0.70 correlation means $PENGU often mirrors BTC’s movements.
Q: Can $PEPE recover its June losses?
A: Yes, if Ethereum meme coins regain traction and $PEPE breaks key resistance levels.
Disclaimer: This analysis is for informational purposes only and not investment advice. Always conduct your own research.
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