Meme coins have been making waves in the cryptocurrency market due to their potential for quick and significant gains. While Dogecoin (DOGE) and Shiba Inu (SHIB) lead the pack, other meme coins like Pepe (PEPE) and Popcat (POPCAT) are gaining traction. Analysts predict that these two meme coins may be on the verge of a major rally.

According to Bluntz, a well-known analyst, PEPE is preparing for a five-wave surge based on the Elliott Wave theory. He believes that the ABC correction for PEPE is complete and a new price movement towards $0.0000145 may be on the way. At the time of writing, PEPE was trading at $0.00001255, showing a 1.8% decline in the last 24 hours. Despite this, PEPE remains the third-largest meme coin by market capitalization.

Bluntz also examined Popcat (POPCAT), a Solana-based meme coin, which he believes has completed a similar correction. He noted that POPCAT's current chart resembles that of dogwifhat (WIF) before its price surge to an all-time high in March. POPCAT was trading at $0.4653 at the time of writing, reflecting a 0.5% increase in the last 24 hours.

The potential rally of PEPE and POPCAT may signal a comeback for meme coins, which have been declining in recent times. While some analysts predict a major rally for these coins, investors should be aware that cryptocurrencies carry high volatility and risk. It is essential to conduct thorough research before investing in any asset.

In conclusion, the cryptocurrency market is known for its fluctuations, and meme coins are no exception. While PEPE and POPCAT may be headed for a comeback, investors should exercise caution and do their due diligence before investing in these assets. As the market continues to evolve, it is essential to stay informed and up-to-date on the latest developments.