As we enter into the US election next week, Dogecoin (DOGE) showed record gain over this week with Shiba Inu and Pepe holding their position and Mog Coin making a comeback into the top 10. Across these assets, there has been a blend of growth, fluctuations in market capitalization, and trading volume surges—providing insights into potential rallies and investor sentiment for November.
Dogecoin (DOGE)
Price Change: The original meme coin Dogecoin is ruling the charts this week with a 20% gain as it traded at $0.1669 on November 1.
News: Although DOGE has been surging throughout the week, it is 0.20% down in the last 24 hours on November 1. While the market capitalization of the coin declined by 0.29% to be at $24.45 billion, the trading volume increased by 26.68% to stand at $2.50 billion.
Forecast: The recent Bitcoin breakout has boosted Dogecoin to rally this week as crypto investors are looking for altcoin exposure. Analysts are predicting a bullish run for DOGE in November with the potential to go above $0.20. Hence, crypto investors are advised to hold onto this token instead of selling it early.
Shiba Inu (SHIB)
Price Change: Shiba Inu is maintaining its lead from last week by surging 1.34% this week. As of November 1, SHIB was trading at $0.00001797.
News: The meme coin has declined 2.62% in the last 24 hours leading up to November 1 while its trading volume has increased by 5.93% to reach $425.22 million. Shiba Inu’s market capitalization stands at $10.58 billion, down by 2.20% in the last 24 hours.
Forecast: As SHIB rally could be coming up as the coin’s whale activity increased by 341%. The meme coin could touch the $ 0.00003864 mark in the next 5 days if this bullish pattern continues.
Pepe (PEPE)
Price Change: Although Pepe is maintaining its leading in the top meme coins of the week list, it has gone down 5.35% in the last 7 days to trade at $0.000009158 as of November 1.
News: The meme coin is currently going down at a 2.15% rate while its trading volume has decreased 9.04% to touch $568.11 million in the last 24 hours. The market capitalization of PEPE stands at $3.85 billion, down by 2.17%.
Forecast: Despite the current bearish trend Pepe is likely to gain 30.30% in the next 5 days to hit the $ 0.00001191 mark, with the possibility of gaining 228.87% over the month to reach $ 0.00003007 on December 1.
Dogwifhat (WIF)
Price Change: This week Dogwifhat has seen a decline in its price by 6.39% to trade at $2.33 on November 1.
News: WIF has been on the downward curve this week with a 6.62% price decrease in the last 24 hours. However, the trading volume of the meme coin has been up by 21.87% to reach $323.08 million. Dogwifhat presently has a market capitalization of $2.33 billion which declined 6.61% over the last 24 hours.
Forecast: With a fear and greed index score of 69 (Greed), Dogwifhat is likely to gain 224.44% in the next 30 days to reach $7.46 on December 1. Despite the bearish sentiment, the meme coin will surge 29.72% in the coming week to hit the $2.98 mark.
Popcat (SOL) (POPCAT)
Price Change: Popcat(SOL) has surged 8.74% this week to trade at $1.61 as of November 1 day end.
News: The meme coin has been on the rise with a 0.34% gain over the last 24 hours. POPCAT is gaining both in terms of market capitalization and trading volume. While the coin’s market cap increased 0.33% to reach $1.57 billion, its trading volume stands at $155.35 million with a 51.53% spike.
Forecast: POPCAT had a price volatility of 13.10% in the last 30 days which is making analysts predict that the token will continue in its bullish trend to surge 232.63% over the next month to reach $ 5.63 on December 1. The coin is likely to hit the $2.22 mark next week, gaining 30.80%.
Bonk (BONK)
Price Change: As of November 1, Bonk’s value has declined 12.57% this week as it is currently trading at $0.00001936
News: BONK has seen a 5.88% decline in the last 24 hours with its market cap reducing 5.73% to touch $1.43 billion. The meme coin’s trading volume is slightly up by 0.09% as it stands at $102.93 million.
Forecast: The token is following a bearish pattern with 4.55% price volatility in the last month which when compared to previous price movements indicates a 30% price increase over the next week. So, the coin is likely to touch $ 0.00002588 in the next 5-7 days with a possibility of surging to $ 0.00006549 by next month.
Floki (FLOKI)
Price Change: Floki has declined 3.38% this week to trade at $0.000137 on November 1.
News: The meme coin has been on a downward trend the whole week, with a 3.42% decline in the last 24 hours. However, the meme coin’s trading volume is up by 1.87% to reach $141.30 million while its market capitalization has gone down by 3.55% to touch $1.31 billion.
Forecast: With price volatility of 5.49% in the last 30 days, Floki is slated for moderate growth of 30.55% in the next 7 days with a target of $ 0.000181. As per the MACD indicator, FLOKI is beginning to enter the consolidation phase from the current bearish sentiment which is signalling a breakout to reach the $0.0020 mark if it finds support at the $0.000091184 level.
Brett (Based) (BRETT)
Price Change: As of November 1 statistics Brett (Based) has gone down 7.74% this week to currently trade at $0.08961
News: Although the meme coin has declined 2.61% in the last 24 hours, its trading volume has increased by 59.36% to reach $57.24 million. The market capitalization of BRETT stands at $888.08 million, a decline of 2.61%
Forecast: BRETT experienced a 9.76% price volatility in the last 30 days which has resulted in the prediction that it will rise 229.65% over the upcoming 30 days to hit the $0.29369 mark on December 1. The meme coin is likely to touch the $ 0.116183 mark in the next 5-7 days.
Cat in a dogs world (MEW)
Price Change: This meme coin has declined 12.32% this week as it traded at $0.009344 on November 1.
News: Despite its downward trend the whole week, Cat in a dogs world (MEW) is currently surging. The coin has gained 1.76% in the last 24 hours with its trading volume increasing by 42.13% to reach $160.54 million. The market capitalization of MEW stands at $838.36 million with an increase of 1.67% in the last 24 hours.
Forecast: This meme coin is currently following a bullish pattern with 22.59% price volatility in the last month which suggests that MEW could rise to $ 0.012045 in the next 5-7 days while the target over the month is $ 0.030496.
Mog coin (MOG)
Price Change: The Mog coin has gained 5.34% this week to trade at $0.000001959 on November 1.
News: MOG has declined 0.50% over the last 24 hours with its trading volume going down by 7.65% to stand at $37.64 million. The mog coin currently has a market cap of $759.86 million, a 1.12% decline.
Forecast: The Mog coin currently has a price volatility of 13.19% which suggests that it could rise 226.82% over the next 30 days to hit the $ 0.000006461 level. The meme coin is likely to gain 30.03% in the next 5-7 days to reach $ 0.000002571.
Closing Thoughts
As meme coins like DOGE, SHIB, and lesser-known tokens such as MEW and MOG witness an uptick in trading activity and price volatility, the market remains dynamic and potentially lucrative for short-term gains. While some coins like Bonk (BONK) and Floki (FLOKI) show signs of recovery from bearish trends, others are riding on strong trading volumes, promising continued momentum in the coming weeks. For investors, this period offers a chance to reassess holdings and consider the favourable forecasts of coins anticipated to experience significant gains as head to the US elections.