Memecoins

Dogecoin Price Could Hit $2 With Memecoin Supercycle, Analysts Say

Published

6 months ago

1 July, 2024

Dogecoin Price Could Hit $2 With Memecoin Supercycle, Analysts Say

Since the beginning of June, the price of DOGE has been on a downward slide, losing over 21% of its value. While Dogecoin has yet to reach its previous best, the current decline has pushed the value well below the $0.15 average it has maintained for months. Meanwhile, the Dogecoin Price The stock price dropped to $0.1157 before attempting a recovery in recent days. It has jumped more than 6% over the week, including a 2% increase today, taking the stock to $0.1247.

Investors are therefore expecting a full uptrend to recover the ongoing losses. However, they could get even more as some analysts have predicted that the price of Dogecoin will climb between $1 and $2 in the coming days.

Dogecoin Price to Hit $2 with Memecoin Spercycle, Kaleo Says

Popular pseudo-anonymous crypto analyst Kaleo recently predicted that Dogecoin’s price would surpass $1, due to the ongoing Memecoin supercycle. He began his article by explaining that people considered Dogecoin boring due to its sideways momentum over the past nine and a half years. But he pointed out that DOGE’s one-year price surge offered gains of over 6,000%, followed by another 30,000%.

Dogecoin has been trading sideways since hitting the all-time high of $0.7376 on May 8, 2021, but it’s interesting to note that the charts saw two similar sideways moves before the all-time high. Each of them took at least 8-9 months afterward Bitcoin Halving to climb in value, and now, with two months to go since the 2024 halving, we can expect a similar rally for December-February.

However, he mentioned seeing a pullback to 8-9 cents before seeing an upward trend similar to February. Overall, Kaleo outlined his expectations that dogecoin would turn bullish like others Meme parts. But he also accepted the long wait before the price of DOGE climbs to $2.

$DOGE / #Dogecoin

For those of you saying DOGE is boring, you are mostly right.

It spent about 9.5 years of its existence moving sideways or down. The next year? It had a period where it was up about 6,000% from the lows and another where it was up over 30,000%.

THE… pic.twitter.com/523tqCMBdC

— KALEO (@CryptoKaleo) June 25, 2024

What would happen if this prediction came true?

Despite its popularity, Dogecoin has failed to deliver profitable value this year, with the exception of its slight rise to $0.2201 in April 2024. This is the best value it has had in 2.5 years, shattering investors’ expectations of a rise to a new all-time high. If Kaleo’s prediction comes true, Dogecoin’s price will surpass the current ATH target twice, pushing it to new extremes. Currently, Dogecoin is the 9th largest cryptocurrency due to its market cap of $18,071,403,749, which comes after multiplying its current price of $0.1247 by its circulating supply of 144,925,186,384 DOGE.

If the price of DOGE rose to $1, the market cap would become 144,925,186,384, surpassing Attached in this list, which comes in third place in the ranking. People who would have invested $100 in Dogecoin today would have about $801 if the price became $1, obtaining 8X profits. And, if the price became $2, the market capitalization of DOGE would reach about 579,700,745,536, beating the second largest cryptocurrency in the market, EthereumA $100 investment would turn into $1,600, offering 16X gains in this meme coin.

Final Thoughts

Dogecoin price has the potential to rise as high as Kaleo predicts due to You’re here accept it as payment and rumors that X would do the same. However, this has never happened before, so there are significant doubts.

Moreover, Dogecoin has a huge circulating supply, which affects price stability. Let’s not forget that Dogecoin is a meme coin, whose trend falls and rises easily, which affects its performance. Even if Dogecoin reached such a high, it would be short-lived, like its current ATH peak.

Continue reading Avalanche Price Is Moving; How High Can It Go?

Fuente

Memecoins

Memecoins dominate major derivatives in terms of open interest | Flash News Detail

Published

5 months ago

1 August, 2024

TokenTalk Staff

Bitcoin Dominance May Have Peaked, Ethereum ETF Could Trigger Altcoin Momentum

Disclaimer

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Memecoins

Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don’t miss the winnings

Published

5 months ago

1 August, 2024

TokenTalk Staff

Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don't miss the winnings

August offers investors a unique opportunity to capitalize on the potential gains offered by Shiba Inu (SHIB) and Mpeppe (MPEPE)These two memecoins take advantage of the viral nature of internet memes and popular culture, attracting a diverse and enthusiastic audience. In this article, we’ll look at why Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for gains this month and why you shouldn’t miss out on the potential profits.

The viral power of memecoins

Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid spread of the cryptocurrency’s brand and message across various online platforms, potentially appealing to a broader and more diverse audience. Shiba Inu (SHIB) and Mpeppe (MPEPE) are great examples of how this viral potential can translate into substantial community growth and market presence.

Shiba Inu: riding the wave of popularity

Shiba Inu (SHIB) has established itself as a major player in the memecoin space. With its cute canine mascot and strong community support, Shiba Inu (SHIB) has gained a significant following. The coin’s ecosystem continues to grow, with projects like ShibaSwap adding to its utility and appeal. Investors are optimistic about Shiba Inu’s future, expecting it to ride the wave of popularity that has kept it in the spotlight.

Ecosystem expansion

THE Shiba Inu (SHIB) The Shiba Inu (SHIB) ecosystem is constantly expanding, offering new features and utilities that enhance its value proposition. Projects like ShibaSwap provide users with opportunities to stake and earn rewards, making Shiba Inu (SHIB) more than just a meme currency. This expansion helps solidify its market position and attract a wider audience.

Balancing humor and professionalism

Mpeppe (MPEPE) offers a unique and light-hearted approach to the serious world of digital assets, balancing humor and professionalism. Inspired by internet memes and the dynamic energy of football fans, Mpeppe (MPEPE) is quickly gaining traction in the crypto community.

Mpeppe (MPEPE) offers an opportunity to reach a younger demographic and tap into the viral nature of internet culture. By balancing humor and professionalism, Mpeppe (MPEPE) appeals to a wide audience, from casual meme enthusiasts to serious investors. This strategy is similar to the one that made Shiba Inu (SHIB) so successful, but with a modern twist.

Expanding Reach and Adoption

Mpeppe’s (MPEPE) ability to leverage internet culture means it has the potential to rapidly expand its reach and adoption. The memecoin’s branding and community-driven approach make it accessible and appealing, much like Shiba Inu (SHIB) in its early days.

Why August is the month to invest

As the cryptocurrency market experiences a surge in interest, August presents a great opportunity to invest in promising assets like Shiba Inu (SHIB) and Mpeppe (MPEPE) Both coins are well positioned to capitalize on the growing interest in memecoins, driven by their unique appeal and active communities.

Conclusion: Don’t miss the benefits

Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for a profitable August, leveraging their viral potential and strong community support to attract a diverse audience. With the cryptocurrency market in full swing, now is the perfect time to consider investing in these promising memecoins. Just as Shiba Inu (SHIB) captivated the crypto world with its unique appeal, Mpeppe (MPEPE) is poised to make its mark. Don’t miss out on the potential gains these innovative digital assets have to offer.

For more information on the Mpeppe presale (MPEPE):

Visit Mpeppe (MPEPE)

Join us and become a member of the community:

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

Fuente

Memecoins

Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further

Published

5 months ago

1 August, 2024

TokenTalk Staff

Solana climbs 4% on the back of rising Meme Coins and Alts

Solana, the fifth-largest crypto asset by market cap, has fallen 8% in the past 24 hours, according to CoinGeckolike his Meme Coin Market Prices of some coins, which can be notoriously volatile, have fallen by as much as 43% in the past day.

As the cryptocurrency market bleeds with Bitcoin (Bitcoin) down 2.7% and Ethereum (ETH) 4.2%, Solana (GROUND) was the hardest hit among the top 10 cryptocurrencies, falling 8.2% to $168 on the day, according to data from CoinGecko. Along with this, meme coin Solana suffered huge losses.

The biggest loser in the last 24 hours is the bigger of the two Black (NEIRO) on Solana which fell nearly 44% to $0.01821. These tokens were launched after the owner of Kabosuthe Shiba Inu that inspired the Doge meme, announced that she had adopted a new dog named Neiro. Interestingly, her rival on the network launched an hour beforealso called Black (NEIRO), is up 75.2%. It appears that the Solana Neiro Civil War is far from being decided.

Other big losers include: Pump.fun’s Favorites Billy (BOWL), down 26.4%, and Michi (MICHI), which fell 24.5%. Over the past 24 hours, both tokens have flipped their market caps multiple times, but dog token Billy is currently in the lead with $94 million, about $3 million ahead of Michi.

Dog with hat (Wireless), the largest meme coin on Solana, was also hit, dropping 12.4%. Bonk (BONK), the second-largest Solana meme coin, fell 9.1%. In fact, among the top 50 Solana meme coins by market cap, only four tokens are in the green, with Zoomer (ZOOM IN) leading the pack with 41.1%.

Meme coins are notoriously high-risk assets and tend to post disproportionate losses when the broader market experiences a downturn.

Brain (BRAIN), Michi (MICHI), Mini (MINI), Shark cat (SC), and many others, for example, have suffered greater losses in the last 24 hours than any of the top 100 cryptocurrencies by market capitalization.

In the world of meme coins, when it rains, it rains.

Edited by Stacy Elliott.

Fuente

Memecoins

Trader Says Bitcoin’s Path to $100,000 Is ‘Currently Programmed’, Updates Outlook on Memecoin That’s Up Over 18,000% YTD

Published

5 months ago

1 August, 2024

TokenTalk Staff

Trader Says Bitcoin's Path to $100,000 Is 'Currently Programmed', Updates Outlook on Memecoin That's Up Over 18,000% YTD

A widely followed analyst and trader expresses bullish sentiment on Bitcoin (Bitcoin) while offering his take on the memecoin built on Solana (GROUND) blockchain ecosystem.

Starting with Bitcoin, the analyst known by the pseudonym Altcoin Sherpa tell His 219,000 followers on social media platform X say Bitcoin is on the verge of hitting a six-figure price.

“There will be bumps along the way, but Bitcoin’s path to $100,000 is on schedule. Don’t get rattled or lost along the way.”

Source: Altcoin Sherpa/X

At the time of writing, Bitcoin is trading at $66,236.

According to For the widely followed trader, Bitcoin enjoys strong support between $63,800 and $65,000, where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.

Source: Altcoin Sherpa/X

Next up is the Solana-based memecoin Popcat (POPCAT). The pseudonymous trader and analyst said that among the cat memecoin family, POPCAT is one of the “best” in the long run.

Altcoin Sherpa, however, says POPCAT looks bearish on the short-term four-hour time frame and needs to climb above a range low between $0.694 and $0.724 to avoid falling further.

Source: Altcoin Sherpa/X

POPCAT was trading at $0.00379 on January 5th and is now at $0.704, a gain of approximately 18,475%.

Altcoin Sherpa also offers his take on dogwifhat (Wireless), Solana-based Memecoin. According to For the pseudonymous analyst, WIF “still looks pretty good for now” on the four-hour chart with the “best” support area sitting around $2.10.

“The average would probably be $2.30 to $2.10 if I were you and I was swing trading this one.”

Source: Altcoin Sherpa/X

WIF is trading at $2.27 at the time of writing.

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