A crypto analyst has forecasted a massive price surge for Dogecoin (DOGE), predicting that the king of meme coins will hit a whopping $24 in the near term. While this price target may seem ambitious with Dogecoin currently trading below $1, the analyst has remained confident, indicating that a surge to this target would shock skeptics. Related Reading: Shiba Inu Inflows Soar 555% In 3 Months – Will The Momentum Continue? Dogecoin Eyes $24 Price Target The Dogecoin price has been trading below $1 for years now, experiencing significant price fluctuations as it attempts to break out of key resistance levels and move past current bearish positions. In contrast to Shiba Inu (SHIB), its top meme coin competitor which has seen impressive gains recently, Dogecoin has experienced substantial price declines that have left a few investors no choice but to liquidate their holdings. Amidst this bearish trend, a crypto analyst, identified as ‘CEO’ on X (formerly Twitter) has rekindled optimism among Dogecoin community members with a new bullish prediction for the cryptocurrency. The analyst has shared what he describes as the “ultimate Dogecoin chart,” where he projects that the meme coin could reach $24 soon. In the Dogecoin chart, the analyst disclosed the cryptocurrency’s past price movements, highlighting two instances where the meme coin experienced prolonged bearish trends before breaking out into a massive price surge. Based on Dogecoin’s current price action it seems the meme coin is displaying similar historical conditions that suggest that a bull rally might be imminent. And according to the CEO, this potential bull rally could see DOGE hitting $24. Is A $24 Dogecoin Price Increase Possible? Given how lofty a $24 price for Dogecoin might seem, the CEO has acknowledged that many people would doubt such a bullish outcome. Nevertheless, he expressed strong confidence in this prediction, asserting that Dogecoin skeptics will be proven wrong when the meme coin reaches this milestone. With Dogecoin’s price presently trading at $0.13, it’s understandable why many investors would be skeptical of the meme coin reaching a $24 price target. Achieving this ambitious milestone would require the king of meme coins to surge approximately 18,362% from its current price — an extraordinary leap that would likely occur during periods of intense demand and bullish sentiments typically seen during strong bull markets. In addition to this, a $24 price surge for Dogecoin would also require its market capitalization to reach trillions of dollars. As of writing, Dogecoin’s market cap sits at $19.6 billion, meaning it would need to surpass Bitcoin’s market capitalization which is currently $1.3 trillion to hit this price level. Related Reading: Against All Odds: Solana (SOL) Breaks Past $176 In 3-Month Push Data from CoinMarketCap shows that the Dogecoin price has experienced a 6.41% decrease over the past seven days and another 4.37% decline in the last 24 hours. The cryptocurrency is currently trading at $0.134, with derivatives data from Coinglass showing that the meme coin’s open interest is down by 9.65% but also up by 24.2% in terms of trading volume. Featured image from Newsweek, chart from TradingView
The Solana price has made a remarkable bullish recovery over the past few days. With its price recording a local high of $179.01, the Solana ecosystem has experienced a significant uptrend within a short period. Will the price of the SOL token act as a catalyst for these memecoins to dominate the upcoming crypto bull …
The overall cryptocurrency market sentiment is quite unpredictable due to the ongoing volatility ahead of the presidential election. Amid this, Popcat (POPCAT), a popular meme coin is poised for a notable upside rally. This bullish speculation for the meme coin is based on the asset’s bullish price action. POPCAT Technical Analysis and Upcoming Levels According …
In the realm of cryptocurrency, quick profits are the dream of every crypto enthusiast. Today, that dream became a reality following an announcement by Binance, the largest cryptocurrency exchange. Trader made $140K in 20 Minutes On October 25, 2024, Binance announced the listing of the MOODENG perpetual contract. Following this announcement, a trader spent 1,300 …
The surge in Moo Deng's value highlights the volatile nature of memecoins and the significant influence of major exchange listings on market dynamics.
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Tron is now in the top 10 blockchains by market cap, flipping Toncoin and Cardano. While there were initial doubts about the network dying a natural death due to the then “superior” competitor Ethereum in the first few years, the smart contracts platform has surpassed expectations. Tron Energy Demand Doubles In 3 Months At spot rates, is TRX likely to print fresh all-time highs, and the mainnet is also thriving. According to IntoTheBlock, the Tron energy requirements have expanded 100% in the past three months. Related Reading: $200,000 Bitcoin In 2025? $791 Billion Asset Manager Calls It ‘Conservative’ Experts say the rapid increase in Tron energy indicates growing network activity and rapid adoption. Like Ethereum and other modern chains, Tron is energy efficient and relies on validators for transaction processing. However, in Tron’s case, energy is useful when executing smart contracts on the mainnet. As more people deploy meme coins or launch DeFi dapps, the mainnet’s “fuel” demand also increases. Rising resource needs push Tron energy to fresh levels. By how Tron is designed, more energy is needed during periods of high demand to prevent gas fees from spiking in case transactions are congested. That energy has been rising in the past few months is not surprising. Not only does Tron boast of a thriving DeFi ecosystem, but it also has a vibrant meme coin scene. Ecosystem Boom Driven By Meme Coins: TRX Priming For New All-Time Highs? DeFiLlama shows that all Tron DeFi dapps manage over $7 billion of assets. On the other hand, the recent launch of SunPump, a meme coin launchpad in August, has seen over 91,000 meme coins deploy on the network. Looking at Dune, over 1,700 tokens have been listed on Sunswap. Related Reading: Bitcoin Price Retests Bullish Channel At $65,000, Analyst Reveals What’s Next Coincidentally, the spike came with the activation of SunPump in August. As of October 24, SunPump has helped Tron generate over $5.4 million in revenue, looking at Dune data. Others came from smart contract deployments via gaming, DeFi, and other diverse dapps on the platform. TRX is trading at around October 2024 highs at press time, defying gravity. Interestingly, despite the momentum challenges Ethereum faces, TRX, on the other hand, is less than 4% away from all-time highs. If bulls build on October 24 gains, the coin may easily break August highs, printing a new all-time high in Q4 2024. Feature image from DALLE, chart from TradingView
Major digital assets like Shiba Inu have shifted into bearish territory lately following a downswing in the general crypto market within the week. However, with several positive trends cited around its price, the dog-themed meme coin could be poised for a potential rebound in the coming days. With sentiment around meme coins gradually rising in […]
On October 25, 2024, the overall cryptocurrency market experienced a modest recovery after a price decline in the past few days. Meanwhile, Solana (SOL) and its meme-based tokens have made waves, gaining notable attention from crypto enthusiasts with their impressive price surge. Solana-Based Meme Coins According to the CoinMarketCap data, SOL-based meme coins including Dogwifhat …
Brian Armstrong offers to set up a crypto wallet for AI influencer Truth Terminal, sparking discussions about AI's role in crypto.
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It appears that the popular Solana-based meme coin Popcat (POCAT) is outperforming major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). On October 23, 2024, when major cryptocurrencies struggled to gain momentum, POPCAT topped the crypto market with an impressive price surge of over 12%. Reasons for the POPCAT Price Increase The potential reason …
Amid the ongoing struggles in the cryptocurrency market, the recently launched meme coin Goatseus Maximus (GOAT) has been making waves with its impressive performance. In addition to its performance, its popularity among whales and investors has risen significantly, resulting in notable accumulation in recent days. Whales’ Big Bet on GOAT On October 21, 2024, a …
The rapid rise of AI-driven meme coins like SLOP highlights the volatile and speculative nature of the crypto market, driven by digital trends.
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The popular Solana-based meme coin Cat in a Dog World (MEW) is gaining significant attention from the crypto community due to its impressive performance with a surge of over 90% in recent days. Amid the rally, the sentiment of the meme coin has shifted from a downtrend to an uptrend. Cat in a Dog World …
Amid rising price volatility in the crypto market, the Bitcoin (BTC) price has held its value above the $69,000 mark. Following this, the memecoin category has regained momentum and has displayed a massive uptrend over the past weekend. In this article, we have covered the top 4 memecoins that have the potential to record massive …
Although flying under the radar concerning price movements during Bitcoin’s recent bull run, the dog-themed cryptocurrency Shiba Inu (SHIB) was able to appreciate 8.18% in the last week while Bitcoin reclaimed the $69,000 mark on Friday. Analysts have already predicted further upward potential for this meme coin. Related Reading: Could Bitcoin Break $100,000? Analysts Predict 6-Figure Milestone Analyst Predicts 200% Surge For Shiba Inu Crypto analyst MMBTtrader seems rather positive about the future prospects of Shiba Inu as he expects a 200% increase to $0.000038. As he says, the SHIB had already registered a 75% gain from the $0.000011 support level within the price chart. The altcoin had indeed rallied from the demand zone in the early periods of August and September, accelerated its pace, and settled at $0.000019. For SHIB, MMBTtrader predicts that it will not just consolidate to $0.00003852. As a matter of fact, he expects the higher highs and higher lows pattern where the initial push to May’s highs at $0.000028 will then be corrected to September’s highs at $0.000021. In case those levels hold, the meme coin could pull to the targeted $0.00003852. Conflicting Views: Bearish Outlook From SwallowPremium MMBTtrader still remains bullish about Shiba Inu, but SwallowPremium, on the other hand, is a little more conservative. He says that the cryptocurrency would continue to go up until it hits $0.0000216, and then correct 35% down to $0.000014075. His analysis reads that the downtrend would be triggered by a correction down to $0.0000195, which may be a good time to open a short position. However, Premium also cautions that if SHIB breaks over the price of $0.0000216, a bearish outlook could be invalidated, sending the price much higher than what it has already recorded. Related Reading: TRON Market Cap Hits Nearly $14 Billion On Strong Revenue Growth Shiba Inu’s Price Path Forward Shiba Inu trades at $0.00001925, close to 11% below the level of $0.0000216 resistance. Various predictions made by market experts convey a divergence of sentiment on SHIB trajectory. MMBTtrader projection for a possible 100% increase is based on an underlying conviction for perpetuation of an upward trend. SwallowPremium sounds a note of caution with a ‘critic’ view of correcting it. Shiba Inu’s future price action depends on breaking key resistance levels and maintaining momentum. As SHIB nears crucial price points, traders will watch for breakout signs. The coming weeks will be critical in determining whether it can rise further or face another rejection. Featured image from Pexels, chart from TradingView
In a notable turn of events, meme coin Dogecoin is now flashing a sell signal for corrections ahead after a 30% rally in seven days. The Dogecoin price has been on an unprecedented rally in October, taking many investors who have been on the sidelines by surprise. However, according to a take by crypto analyst Ali Martinez, the meme coin might actually undergo some price correction in the short term before a continuation of the uptrend. Related Reading: Could Bitcoin Break $100,000? Analysts Predict 6-Figure Milestone His insights are grounded on the signal provided by the TD Sequential indicator, a technical tool known for identifying market exhaustion points. Dogecoin Might Be Overbought In a recent post on X, Martinez highlighted the TD Sequential setup on the Dogecoin/TetherUS daily candlestick chart. This analysis reveals that Dogecoin is currently experiencing its ninth consecutive bullish close on the daily candlestick, aligning with the ninth count by the TD Sequential indicator. While this sustained surge in the Dogecoin price has been impressive, it also indicates that the meme coin may be reaching a pivotal moment where a price retracement could occur. Adding to the caution, this sell signal coincides with a newly established overbought condition for Dogecoin. The Relative Strength Index (RSI) has shown that the recent buying momentum has pushed Dogecoin deep into the overbought territory. At the time of writing, the RSI 14 close sits at an elevated 75.80, having recently peaked at 78.36, which is its highest level since March. This overbought condition suggests that the buying frenzy may be unsustainable, raising the likelihood of a pullback very soon. Is It Time To Sell DOGE? Martinez’s observations serves as a crucial reminder of Dogecoin’s volatility leading into the new week. At the time of his analysis, Dogecoin was trading at $0.14575. However, at the time of writing, Dogecoin has fallen to $0.1424, translating into a 2.3% decline in the few hours. Despite this, the meme coin is still on a 29% gain in the past seven days. Nonetheless, it is crucial to remain patient with the Dogecoin outlook, especially as the RSI is now pointing to an overbought condition. On the other hand, Dogecoin isn’t the only cryptocurrency in overbought condition, as the entire market is now in a greed condition, according to the Fear and Greed Index. If the 24-hour correction for DOGE were to extend for the rest of the weekend, it could cascade into a break below $0.14 in the short term and a return into $0.13 territory. Related Reading: TRON Market Cap Hits Nearly $14 Billion On Strong Revenue Growth Crowd attention and discussion surrounding Dogecoin remain at their highest level since March. This suggests that any corrections may be temporary, and there is a high chance for the uptrend to resume as the new week unfolds. According to one crypto analyst, Dogecoin is on track for a price rally with a return of over 400%. Featured image from Medium, chart from TradingView
As the BTC price reclaims the $68,000 mark during the early Asian trading hours, the memecoin market has added 3.68% to its valuation to $57.67 billion. Among the top gainers are DOGE, FLOKI, BOME, and SHIB. With the rising volatility, will the meme coin category record a price surge similar to the Q1 rally? In …
With Bitcoin price crossing above the $68,000 mark, the meme coins are spearheading the crypto bull market rally. PopCat, Mew, and Floki are leading the way, along with Dogecoin and Shiba Inu, among the top-performing meme coins. With their market caps leading to new swing highs, the broader meme coin segment has hit a 30-day …
Jupiter's Ape Pro introduces advanced tools for meme coin trading on Solana, aiming for enhanced security and efficiency.
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Amid increased price volatility, the Solana price has maintained its value above the $150 mark. This has resulted in the Solana ecosystem regaining momentum over the past weekend. Moreover, memecoins for the SOL chain have recorded the highest gains. Will Solana-based memecoins make a strong comeback and dominate the memecoin rally this altcoin season? In …
As the Bitcoin Open interest across all exchanges hits a new all-time high at $19.75B, the crypto market is ready for a bull run. As the market sentiments improve, the meme coins are leading the way with massive growth. Wondering which meme coin to buy as FOMO kicks in? Worry not. Here are the top …
On 14 October, copycat cryptocurrencies named after SpaceX surged after the successful test launch of Elon Musk’s Starship. The coins that are not affiliated with Musk’s aerospace firm, SpaceX, garnered massive price spikes across the platform from the attention gained during the launch. Related Reading: Ripple CEO Drops Bombshell, Accuses ‘Renegade’ SEC Of Breaking The […]
Story Highlights The live price of the PEPE meme coin is . Pepe coin Price could reach a maximum of $0.000127396 by the end of 2024. With a potential surge, the PEPE price may go as high as $0.00002061 by 2030’s end. As meme coins take a V-shaped reversal, the crypto market anticipates a bullish …
Rising roughly 200% since mid-September, Baby Doge Coin (BABYDOGE) has fundamentally rocked the digital currency market. Reaching early August, it has climbed an impressive 237% from its lowest price this year. The enthusiasm commenced when Baby Doge was listed on Binance. Such listings frequently generate excitement and attract interest in tokens, and BABYDOGE proponents are evidently capitalizing on this momentum. Related Reading: SUI Rallies 100%, But Signs Of Fatigue Emerge – Is A Drop Incoming? Baby Doge: Surpassing September Peaks Following its lows on September 6, Baby Doge experienced a 215% increase within three weeks, albeit undergoing a significant regression to test the $0.0018 level. This 33% decline was promptly rectified in the first week of October. Even as Bitcoin failed to breach the $64,000 barrier level, Baby Doge did even better with a 60% rise in just the same time frame. The rapid rises have also stoked online interest and more buyers are coming in hoping for higher profits. Source: Coinglass Recently, the Open Interest (OI) in Baby Doge has surged from $18 million to an impressive $39 million. The increase in open interest indicates that sentiment is decisively optimistic. The approximately 10% decline in the last 24 hours coincided with a reduction in open interest, indicating that traders are responding to the recent volatility. Speculative Sentiment And Price Forecasts Analysts express optimism on Baby Doge’s potential. Given its substantial community and the recent Binance listing, many anticipate that a price target of $0.0000000045 may be attainable in the forthcoming upward movement. Confidence is increasing, particularly as traders commence purchasing more, perhaps catalyzing more expansion. Currently, Baby Doge is viewed as bullish; according to the forecasts, the price is likely to rise by 227% and may reach $0.00000009113 by 10 November 2024. For the last 30 days, the coin has shown 18 green candles, denoting it has been in good form despite showing an unusually high volatility rate of 25%. Related Reading: Cardano Surges In Strength—Now 10x More Powerful, Analyst Says But it’s not all rosy. The Fear & Greed Index is at 32, a fear signal in the market. That means even as there’s a possibility of expansion, the trader would need to be cautious since the mood can change in the market quite rapidly and external influences can significantly impact price changes. In the event that buying activity continues and optimism prevails, then we may see significant upside momentum. However, if selling pressure is becoming more marked or market conditions deteriorate, then perhaps a test at lower support levels may be encountered before any rally. Featured image from Finanznachrichten, chart from TradingView
With a bullish failure to regain a decisive rally, the top meme coins are facing massive overhead supply pressure. Amid the bear market, Shiba Inu price action reveals a constant struggle to overcome the bearish influence. Will the second biggest meme coin in the crypto space manage to kickstart a breakout rally? Read this SHIB …
The Meme coins category has continued recording a volatile price action over the past few days. This highlights increased price action for these projects in the market. Moreover, the top memecoins such as Doge and Shib tokens have regained momentum, suggesting a bullish Q4! With the current market sentiments, will the Shiba Inu price maintain …
With the United States Presidential election only 28 days away. The Political memecoins have experienced a massive uptrend in their valuations. Moreover, some have surged over 2X within a week, highlighting the increasing intensity of these projects in the market. In this article, we have covered the market sentiments, price action, and possible short-term price …
Moo Deng, Popcat, and Neiro surge as meme coin market cap nears $55B, outperforming traditional assets amid Bitcoins steady recovery.
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MemeFi has launched a huge giveaway event, offering a rare Lamborghini Aventador SV as the grand prize. Starting today, users can enter the Grand Draw by purchasing MemeFi Premium, which comes with perks like exclusive access to events, priority in airdrops, 100 million MemeFi coins, and 1,000 game spins. The lucky winner will be flown …
Lately, top meme based cryptocurrencies like Shiba Inu (SHIB) and Pepe (PEPE) have been witnessing a spike in their prices. This bullish trend appears to have extended to Solana based meme coin Bonk (BONK), as its price movements has been showing signs of an impending bullish surge. With respect to this, a crypto analyst has suggested that Bonk is currently well-positioned for a significant upward movement. Analyst Predicts Legendary Target At $0.000033 Bluntz, a prominent crypto trader and analyst has revealed the next bullish target for Bonk. In an X (formerly Twitter) post on September 30, Bluntz revealed that Bonk is currently in a prime position for a”turbo green week.” Related Reading: Dogecoin At $10 Thesis: What Each Breakout Cycle Says About The DOGE Price He disclosed that the meme coin had experienced a quick and minor price dip during the week. However, the analyst sees this price decline as a positive sign, suggesting that it creates an opportunity for Bonk to enter a significantly bullish position, potentially triggering a legendary rally. Sharing a chart depicting Bonk’s price movements from the past month, Bluntz indicated in his price chart that the meme coin could experience an accelerated price increase to new highs. Presenting an illustration of his predictions of Bonk’s future price movements, the analyst disclosed that the meme coin would rise between the range of $0.000028 and $0.000027 before falling to the support level between $0.000026 and $0.000025. After this, Bonk is expected to skyrocket to $0.00003, before dropping back to $0.000028. For his final price surge in his projected turbo green week, Bluntz revealed that Bonk will reach a new price high of $0.000033. The analyst also revealed that for Bonk to experience a bullish price breakout, the meme coin will have to undergo three days of essential sideways trading. Presently the price of Bonk is trading at $0.00002, reflecting a slight increase of 3.86% in the past week. A jump to projected highs at $0.000033 would require the meme coin to rise by approximately 65% from its current price. BONK Set To Outperform PEPE While maintaining an optimistic outlook on Bonk’s price, Bluntz disclosed that the meme coin may be taking out the meme coin leadership from Pepe. This suggests that as Bonk is gaining more momentum, Pepe’s performance is slowing down after experiencing a significant price increase. Related Reading: Still Holding Your Hamster Kombat Tokens? You Might Be In For A Nice Surprise Soon The analyst has identified a “higher low” on the BONK/PEPE chart, which indicates that Bonk is positioning itself for a stronger price rally than Pepe. Typically, a higher low occurs when the price of a cryptocurrency pulls back but maintains its value above its previous low level, signaling a potential continuation of an uptrend. In the case of Bonk, Bluntz has revealed that it is currently among top meme coins like Dogwifhat (WIF), and Pepe which are presently showing signs of a strong bullish development. Despite this analysis, the cryptocurrency has declined by over 10% in the past 24 hours. Featured image created with Dall.E, chart from Tradingview.com