Memecoins
Dogecoin and other dog-based meme coins: Bullish outlook for June
Most dog-based meme coins, including Dogecoin, saw a good rally in May after suffering a correction earlier in April. But this is just the beginning, as crypto summer is about to hit the crypto market, causing the altcoins to rally this month of June. The excitement is real, with many predictions favoring dog-meme coin dominance in June.
In this blog, let’s look at Dogecoin and the rest of the Dog meme coin bullish outlook for June.
Dogecoin Price to Climb to $1 in June
Dogecoin, the most preferred Dog themed meme piece, is poised for a 700% price rise, according to crypto trader Mags. In a recent X article, Mags predicted the possibility of seeing a 700% rise in the price of Dogecoin, pushing the value beyond $1 before the end of the cycle.
Mag’s last prediction for Dogecoin came true when the price jumped 170x, and now the prediction is 7x gains. He also revealed that he started collecting DOGE to get 7X if the charts followed his analysis. If the prediction comes true, DOGE will trade around $1.17, currently at $0.1671.
$DOGE about to go parabolic..
Last cycle I shared Dogecoin before it increased 170 times.
I’ve been accumulating Dogecoin for a few months and my suitcases are loaded.
I expect a 7x return this cycle. See you at $1+ 🫡 pic.twitter.com/OeXdDMpJDZ
– Mags (@thescalpingpro) May 25, 2024
Many similar predictions favor the price rise of Dogecoin and dog-meme coins for the next month. Ali, a popular crypto analyst, also spoke about this. According to him, the price will approach the $1 mark. Additionally, Captain Toblerone spoke of a 1,300% price surge, pushing the DOGE price to $1.5 with a previous decline to $0.108.
Read also: Dogecoin (DOGE) ETF Hype Sparks Conflicting Growth Metrics
Finally, whale activity also indicated the same. IntoTheBlock data revealed increased accumulation of whales with a 2.64% increase in large transactions. Such increased whale involvement pushes the cryptocurrency towards the bulls, and the same could happen for the bull market. Dogecoin price. It started to rise with a 28% increase in its trading volume.
Bullish Outlook for All Dog-Based Meme Coins
The effect of Dogecoin price will be visible in the case of the rest of the dog-based meme coins like Shiba Inu, Floki Inu, dogwifhat BONK and many others. Additionally, their price charts indicate the bullish sentiments for the coming days.
Shiba Inu
Shiba Inu, also represented by the Dogecoin killer, has made a name for itself in the cryptocurrency market with substantial gains over the years. Very recently, we learned that a Shiba Inu Trader turned $2,700 into $1.1 million over 3.5 years, demonstrating how patience is key.
Whales are also active in the Shiba Inu deal, as large Shiba Inu transactions jumped 290% from $1.3 trillion to $3.57 trillion worth of SHIB tokens. Additionally, the trading volume increased from $29.93 million to $92.04 million. This finally lifted the SHIB Price to $0.00002607 before MT Gox Bitcoin trading instability took over, bringing the value down to $0.00002541. However, bullish sentiments for SHIB will contribute to price recovery and gains over time.
FLOKI
FLOKI is already optimistic with gains of 11% in the last 24 hours due to the Coinbase perpetual futures trading for this piece even on May 30. NOW, FLOKI Price is just 12% away from its all-time high with a current value of $0.0003019, which is a two-and-a-half year high. With this, FLOKI price is expected to reach $0.00058 in June.
BONK
BONK’s 12% price rise brought it closer to its all-time high ATH of $0.00004704, set just three months ago. After a week of correction, the BONK Price finally turned bullish this month. At the time of writing, it is trading at $0.00004163 after a 64% rise. Analysts believe that Bonk price could reach $0.00008321 in the coming days if the trend continues.
With this rating and similar predictions for other Dogecoin siblings, June is officially the bull month for these meme coins. Even though there are a few days left before the start of the month, technical indicators have already revealed the best investment option for June.
Continue reading Best Cryptos to Buy Under $2 to Make Millions