The meme coin market is expected to witness a major boom with Dogen (DOGEN), Dogecoin (DOGE) and Pepe (PEPE) poised to rally. While Dogen will make headway towards $30 from a fraction of a cent, Dogecoin is moving closer to $1 as Pepe set sights on $0.01.
The crypto market could be up for an overhaul because of these surges.
At present, Dogen is the promising one as it is a new meme coin with relentless growth potential. The Dogen team has already said that the token can be handled by only those with guts to hold its power. According to them, DOGEN is for those who love thrill as it has no fluff, only pure grit.
This meme coin seeks to dominate the crypto market with a 700% gain as it moves past new levels. Dogen has more spikes of thousand folds coming up as it embarks on its Solana-based journey
A massive DOGEN token airdrop is coming where users can get 20% golden points for their purchases. The meme coin has a distinctive referral structure where crypto traders can earn 7% for every DOGEN purchased during direct recruits. It does not just end there as more referrals will lead to higher levels, opening up new profits to the users. All these factors are making analysts believe that DOGEN holders are likely to lead the upcoming altcoin season.
Meanwhile, Dogecoin has seen a more than 160% price rise in the last one month as it traded between $0.2798 and $0.4465. This meme coin is likely to continue its bullish run as the 56.79 RSI suggests an upward trend which is further vindicated by the positive MACD level.
The 10-day Simple Moving Average of Dogecoin is running above the 100-day SMA indicating a short-term strength. The meme coin will rally towards the $0.6931 resistance level if it breaks the $0.5264 barrier which would provide major profits for DOGE holders. In the upcoming altcoin season, the token is likely to surge further.
Pepe on the other hand witnessed a 92.10% surge in the last 30 days with a 55.19% spike in one particular week. At present, the meme coin is moving between $0.00001339 and $0.00002742 trading points with the $0.00003363 resistance level lying close by.
Pepe is displaying an RSI of 44.38 which means there is still room for growth as the meme coin hasn't reached overbought conditions yet. The 10-day SMA of the token is lying close to the 100-day SMA which points towards a steady gain. PEPE might be up for a breakout above the resistance level to continue its bullish run as per these technical indicators.
While Dogecoin and Pepe are expected to have short-term potential in the 2024 bull run, Dogen is likely to stand out with a 700% growth projection from the presale price. Early adopters of the token will get exclusive perks and real benefits as the Dogen project builds a community of leaders.
As of November 21, DOGE is trading at $0.3821, down 2.23% in the last 24 hours while its trading volume stands at $8.41 billion, a 26.64% decline and the market cap dropped to $56.11 billion. Meanwhile, Pepe suffered a 5.50% slump to trade at $0.00001905 with an 11.29% decline in trading volume which stood at $3.88 billion and the market cap reached $7.99 billion, a 5.70% decline.