A week after the US election and Donald Trump’s win, the crypto market, especially meme coins is continuing with its bullish run. The major gainer is Dogecoin which has surged unprecedently following Trump's Department of Government Efficiency (D.O.G.E) announcement, followed by Peanut the Squirrel which has become the top-performing digital asset of the week. Meanwhile, Pepe and Bonk reached new all-time highs.
So, here’s how the meme coins market soared this week along with some insights from analysts on how these digital assets will fare in the upcoming weeks and months.
Dogecoin
(DOGE)
Price Change: This week Dogecoin spiked 87.73% to trade at $0.3577 on November 15.
News: DOGE retains its spot as the top meme coin this week by maintaining its extraordinary surge that began when Elon Musk spoke about the Department of Government Efficiency (D.O.G.E) before the US election. Now, Trump has approved this concept, naming Vivek Ramaswamy and Musk as the head of the department which caused the token to grow 16% on November 14, sparking hope for the “Doge at $1” memes becoming a reality. However, in the last 24 hours, the digital asset has declined 7.59% and its market cap has also gone down by 7.35% to reach $52.32 billion. Meanwhile, the trading volume of Dogecoin declined 32% to hit $12.82 billion.
Forecast: As DOGE flipped XRP in terms of market capitalization, analysts are predicting that the token will soon rise up to $1 if the ongoing bullish trend continues. The coin peaked at $0.70 this week before going down again, this has led to analysts speculating that it will cross the $0.74 resistance level to surge to $1.
Shiba Inu
(SHIB)
Price Change: Shiba Inu has also maintained its position this week with a double-digit gain of 34% to trade at $0.00002338 on Friday, November 15.
News: Despite the double-digit spike in its value, SHIB has gone down 4.95% in the last 24 hours, including a 5% decline in its market capitalization which stood at $13.81 billion on November 15. Meanwhile, the trading volume of the meme coin has reached $1.43 billion, a 46.80% slump.
Forecast: Similar to Elon Musk, Shiba Inu developer Shytoshi Kusama has given a proposal to set up a Strategic Hub for Innovation and Blockchain (S.H.I.B) in the US which hasn’t been acknowledged yet. Analysts are expecting that the token’s value will skyrocket if that comes true. At present, this meme coin is likely to touch the $0.00006861 mark this month, an over 150% gain from its current price.
Pepe
(PEPE)
Price Change: The biggest gainer of this week turned out to be Pepe which rose 103% in the last 7 days as per the price charts on November 15. The meme coin was trading at $0.00002072 on Friday.
News: The massive gain in the PEPE token this week was due to the Binance listing announcement which resulted in the coin setting a new all-time high. However, now that sentiment has subsided, PEPE has gone down 2.89% in the last 24 hours. The meme coin’s trading volume has also declined by 50.56% to reach $9.26 billion on November 15 while the market cap went down to $8.74 billion.
Forecast: The green histogram of Pepe’s MACD suggests that the coin is experiencing buying pressure after it hit a new ATH at $0.00002524. Pepe is likely to continue its bullish run despite the recent price correction of 6.92%. The meme coin is likely to surge towards the next resistance level at $0.0000260 in the next week. It can even touch the $0.000030 mark if the bullish trend continues.
Dogwifhat
(WIF)
Price Change: Dogwifhat rose 58% this week, resulting in it trading at $3.62 as of November 15.
News: WIF has declined 8.15% in the last 24 hours despite the surge this week. The market cap of this meme coin also went down to $3.61 billion while the trading volume reduced by 57.50% in the last 24 hours to reach $1.52 billion
Forecast: Dogwifhat could soon touch $5 as it gained 40% over a span of 24 hours and crossed the $4 resistant level before dropping to the current price. This happened due to a Coinbase listing announcement on November 13 and market analysts think the meme coin will keep up that momentum into next week. Some analysts have compared WIF’s performance to SHIB surging massively after the Coinbase listing in 2021. If Dogwifhat follows that path then it could touch the $52 mark by Christmas this year.
Bonk
(BONK)
Price Change: Bonk maintains its position in the top performers list with a 75.15% gain this week. The meme coin is currently trading at $0.0000379 as of November 15.
News: The BONK token has risen 3.29% in the last 24 hours while its trading volume has declined over 50% to reach $1.14 billion and its market cap stands at $2.84 billion.
Forecast: Bonk is likely to continue its surge in the upcoming week as it is going through a bullish sentiment due to its listing on Binance on November 14. Following the crypto exchange listing, Bonk soared 7,5% to reach $0.00004186. In the coming days, the meme coin is likely to go beyond the $0.00004704 ATH, marking a 10% gain.
Floki
(FLOKI)
Price Change: As the meme coin market rallied this week, Floki surged over 58% in the last 7 days to end up trading at $0.0002175 on November 15.
News: Despite the massive surge throughout the week, Floki has been down by 1.55% in the last 24 hours with a 33.72% decline in its trading volume which stood at $939.16 million on November 15. The market cap also decreased by 2% in the last 24 hours to touch $2.10 billion.
Forecast: As Floki gained 21% in a day this week, there are indications that the coin will maintain its bullish run and see further price rise in the upcoming week. The token’s strong overbought threshold as indicated by a 71.42 RSI seems a little concerning but still, analysts are predicting a 57% price gain in the next few days as the meme coin targets the $0.00031 mark.
Peanut the Squirrel
(PNUT)
Price Change: This week we have a new entry on the top meme coin list Peanut the Squirrel which also happens to be the most trending crypto of this week. PNUT debuted this week with a 1710% gain. As of November 15, this meme coin is trading at $1.85
News: Following a week-long surge, the PNUT has gone down 10.70% in the last 24 hours with its trading volume decreasing by 22.24% to stand at $3.37 billion. Meanwhile, the market capitalization of Peanut the Squirrel has declined 11.30% in the last 24 hours to stand at $1.82 billion on November 15. This token became the fastest-growing meme coin as it reached $1 billion market cap in a week.
Forecast: This token’s massive gain is likely to spill into next week as it continues to rise from the after-effect of the Binance listing on November 11, reaching an all-time high of $0.47. It presently has an RSI of 84.93 which indicates overbought territory. The meme coin is poised for a 15-50x gain if it continues the momentum it gained from Musk’s “America was saved by a squirrel and a meme coin” tweet. Analysts suggest it could follow Dogecoin’s trajectory and target for a $30 billion market cap.
Brett (Based)
(BRETT)
Price Change: BRETT gained 88.60% over the last 7 days to reach $0.1689 on November 15.
News: Brett Based has continued its spike in the last 24 hours with a 15.18% surge which also pulled up the trading volume by 11% to reach $242.47 million while the market cap rose to $1.67 billion
Forecast: With a 13.61% price volatility, this meme coin is likely to gain 30.53% in the next week to reach $ 0.215446. The coin is following a bullish trend with an 80 Extreme Greed score indicating investors’ interest in BRETT.
Popcat
(POPCAT)
Price Change: Popcat has made this to this top performers list courtesy of its recent spike. Compared to others, this meme coin only increased 14.59% this week to trade at $1.70 on November 15.
News: POPCAT has declined 4.19% in the last 24 hours with its market cap going down to $1.67 billion while the coin’s trading volume slumped 57% to touch $165.54 million.
Forecast: POPCAT rose 29% in the 24 hours leading up to November 14 to set a new ATH at $2. The meme coin is likely to continue with this bullish run next week as it aims for the $5 mark. At present, the digital asset is likely to surge to $2.50 and if that sustains it can go for the $4 level, ultimately targeting the $5 level in this bullish run.
Goatseus Maximus
(GOAT)
Price Change: GOAT has made a comeback to the top performers list this week due to its 37.56% weekly gains which made the meme coin trade at $1.03 on November 15.
News: Goatseus Maximus has increased 13.53% in its value in the last 24 hours making it enter the top meme coin list this week. This has sparked an 11.63% decline in its trading volume which touched $546.54 million on November 15 day end while the market cap stood at $1.03 billion.
Forecast: This meme coin is gradually bouncing back to rally again and in the upcoming weeks it will continue to gain. GOAT is likely to end this year at $2.35 with a possibility of a 75% surge next year.
Closing Thoughts
The meme coin market has experienced a remarkable bullish trend following the US election, with Dogecoin, Pepe, and new entrants like Peanut the Squirrel leading the pack.
Dogecoin's rally, fueled by political endorsement and Elon Musk’s influence, has spurred hopes of it reaching the $1 milestone.
Meanwhile, Binance listings and market sentiment have significantly impacted the performance of tokens like PEPE, Bonk, and the surprise entrant PNUT.
While short-term corrections are evident, analysts project further gains across top meme coins, with Dogecoin, Pepe, and Brett Based demonstrating strong investor interest. Despite some signs of overbought conditions in tokens like Peanut the Squirrel and Floki, the overall market sentiment remains positive, indicating that meme coins may sustain their bullish momentum into the coming weeks.