Meme crypto coins8/27/2023 ![]() However, with the ripple effect of the Dogecoin price skyrocketing, the Floki price breached the aforementioned resistance on April 3rd. DOGE, as well as the other six crypto picks, trade for relatively small amounts compared to industry giants like ETH. Under the influence of a descending trendline, Floki coin price witnessed a steady correction over the five weeks. Most of us are familiar with how dog-themed meme cryptocurrency Shiba Inu (SHIB) started as a joke coin in August 2020, and then rocketed more than 49,000,000 last year. Dogecoin is considered to be the first meme coin, and while it was initially designed to poke fun at the wild speculation that thrives in cryptocurrency markets, a community all its own quickly. Meme Coin is in a different class from the rest of the cryptos on this list. A potential bullish breakout from the aforementioned resistance will release the build-up bullish momentum and push the prices 20% higher to hit the $0.000014 mark. However, the rising RSI slope reflects the accumulation force is gradually rising which encourages buyers to breach the $0.0000106 barrier. With the increasing FUD in the market, the coin price shows higher price rejection candles at $0.0000106 resistance indicating the sellers continue to defend the higher level and a strong possibility for a sideways trend continuation. Although Dogecoin leads the ranks, others have also shown promising starts. Dogecoin, the first meme coin, was developed in 2013 to deceive Bitcoin at the time. These so-called meme coins are increasingly popular given their setup and growing use case. Over the last three weeks, the Shiba Inu coin price has remained in a consolidation phase stretched from $0.0000106 to $0.0000102. What are meme coins Meme tokens, also known as memecoins, are tokens invented as a joke. With sustained selling, Dogecoin could tumble 12.7% and revisit the breached trendline to check price suitability at a higher price.Īlso Read: Here’s Why Elon Musk Changed Twitter’s Logo To That Of Dogecoin (DOGE) Shiba Inu(SHIB) However, the coin price currently trades at the $0.096 mark and the long-wick rejection attached to the daily candle indicates the short-term trader is excited. This breakout is an early sign of trend reversal which may drive the DOGE price to potential targets of $0.11. As a result, this memecoin showcased a massive rally of 21% and breached the resistance trendline of a five-month long bullish pattern candle falling wedge. Pepe has become one of the most recognizable memes on the web in recent years, and it has been around for half a decade. ![]() ![]() ![]() The company also intends to develop a Pepe-focused marketplace as the NFT market grows. stock market indexes, with each seeing an impressive surge of over 2, the spotlight is on the success stories of companies like Nvidia, Apple, and Disney. In a week marked by notable gains across the major U.S. On April 3rd, the Dogecoin price witnessed a massive inflow as investors saw the Bluebird Twitter logo switch to DOGE for a brief period. The Pepe Crypto Coin (MEME) project aims to capitalize on the fame of the Pepe frog. An analysis of Pepe Coin, Dogecoin, & BEASTS Coin. Analyzing the Best Meme Crypto Coins to Buy Anyone with the required technical knowledge can create a cryptocurrency. ![]()
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