Memecoins
track the rise of Dogecoin, Shiba Inu, Trump tokens and more
Coin mania has swept the cryptocurrency market, captivating investors with its mix of humor, speculation and unexpected gains.
At the time of writing, the sector boasted a market capitalization of over $66 billion and a 24-hour trading volume of $5.3 billion.
Looking at data from crypto price tracking website CoinGecko, the even The sector’s market capitalization is significantly higher than other popular crypto narratives such as AI, DePIN, and Layer-2.
Let’s take a look at recent trends and predictions for some of the most talked about meme pieces:
Dogecoin: a sleeping giant?
Ranked ninth in the broader crypto market and first among meme coins in terms of market capitalization, Dogecoin has been on a roll lately.
The data reveals that 84% of its holders were in profit at the end of May. This positive sentiment highlighted the strong bullish momentum the meme coin has seen over the past month.
Dogecoin also recently overtook Cardano (ADA) to enter the top 10 cryptocurrencies by market capitalization. It now ranks as the sixth most valuable non-stable coin on the market.
Currently, Dogecoin is priced at $0.159. Although it saw a 1.3% decline over the past 24 hours, it surged 20.8% over the past month, according to CoinGecko.
Dogecoin 24-hour price chart | Source: CoinGecko
If trading volume remains stable, the coin could continue its positive trajectory next week, reflecting growing investor confidence and the potential for further gains.
Technical indicators for DOGE also indicates a bullish trend. The cryptocurrency is trading above its 200-day simple moving average (SMA) and exponential moving average (EMA), suggesting a strong and sustained uptrend.
Crypto market observers also noted that if Dogecoin can maintain its current momentum and stay above key technical levels, its price could rise further. However, they also recommend caution due to the volatility inherent in the cryptocurrency market.
Analyst and trader Ali Martinez predicted a significant increase in the price of the meme coin, noting that market sentiment is eerily similar to that at the start of the year, just before DOGE skyrocketed 200%.
Shiba Inu: Meme coin outperforms Bitcoin
Another coin that circulates regularly in the market is Shiba Inu.
Ranked second among meme coins in terms of market capitalization, Shiba Inu has been a standout performer in 2024, even surpassing Bitcoin at one point with a staggering 136% rise compared to Bitcoin’s 69%.
SHIB started trading below $0.000025 last week, fluctuating between $0.000025 and $0.000027.
Towards the end of the week, the price of Shiba Inu surged to almost $0.00003, propelling it into the top 10 cryptocurrencies by market capitalization.
7 Day Shiba Inu Price Chart | Source: CoinGecko
To further compound its status, SHIB closed out May by securing the second spot on Robinhood’s list of top weekly gainers.
At the time of writing, SHIB was trading at $0.00002498, down slightly by 1.4% over 24 hours.
Pepe: a fierce pursuit
Further reinforcing the coin’s narrative, Pepe (PEPE) has been performing remarkably recently, with a market capitalization of $6.26 billion and a 24-hour trading volume of $846 million.
The coin’s rise over the past month, where it added more than $3 billion to its market capitalization, has positioned it as a strong contender for Shiba Inu’s place.
Despite a 4.3% drop over the past day, Pepe’s gains over different periods have been impressive.
According to CoinGecko, over the previous 14 days, the meme coin’s price increased by 64.5%, while the gains were even greater over 30 days at 87.5%.
30 Day Pepe Price Chart | Source: CoinGecko
Analysts like prominent Altcoin trader Sherpa remain bullish on Pepe. He suggested that the meme coin holds long-term potential and could see significant gains in the coming months.
$PEPE both of these pullbacks are likely short-term, but I remain confident that they will both be much higher in the months to come. I have both pic.twitter.com/cAFwlZBgw8
– Altcoin Sherpa (@AltcoinSherpa) May 31, 2024
Super Trump: political drama and market performance
Elsewhere, several Trump-themed coins have seen renewed interest following the recent conviction of the ex-president Donald Trump for falsification of commercial documents.
The political drama has sent the price of Super Trump up as much as 58% in the past 24 hours. It became the third highest price gainer in the meme industry during this period.
Currently trading at $0.0255, STRUMP has posted impressive gains, with a 493.8% increase over the previous fortnight and a 616.4% jump over 30 days.
Super Trump 24-Hour Price Chart | Source: CoinGecko
Another meme coin associated with Trump is MAGA VP (MVP). The token made modest gains over the past day, rising 5.1%.
Other coins like MAGA (TRUMP), MAGA Hat (MAGA) and MAGA Pepe (MAGAPEPE), all saw their prices drop in 24 hours.
TRUMP lost almost 5% of its value, while MAGA Hat lost a tiny 0.47%. MAGAPEPE, for its part, has suffered much greater losses, with its price currently down 27.33%.
Amidst the ups and downs, Trump became the first US president to accept Bitcoin Lightning Network payments for campaign donations.
The Trump campaign is partnering with OpenNode to allow supporters to donate to his 2024 presidential campaign using Bitcoin (BTC).
Memecoins
Memecoins dominate major derivatives in terms of open interest | Flash News Detail
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Memecoins
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.
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Memecoins
Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further
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.
Memecoins
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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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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