PEPE, DOGE, and SHIB Crash: What Meme Coins Are Poised to Explode Next?
- PEPE token hits a 30-day low, prompting active trading and potential buying opportunities.
- DOGE struggles near support at $0.0619, with potential for a bearish trend, eyes on the $0.0600 level.
- FLOKI and BONE’s recovery is on the horizon as positive developments set the stage for a bullish rally.
Pepe (PEPE) has fallen to a 30-day low of $0.0000008046 due to unfavorable market sentiment in the previous 24 hours. PEPE exchanged hands at $0.0000008698 at press time, a 20.74% drop from its 24-hour high of $0.000001104.
During the bear reign, PEPE’s market capitalization and 24-hour trading volume fell by 20.70% to $340.77 million and 225.81% to $255.23 million, respectively.
PEPE/USD 24-hour price chart (source: CoinMarketCap)
This spike in trading volume indicates greater interest and activity in PEPE, which might signal a change in market mood. Investors may perceive the recent price decrease as a chance to purchase at a lower price and push the price back up.
An attempted breakout failed due to a lack of purchasing volume. In addition, 16 trillion PEPE tokens were transferred to several CEXs. In response to this shift and modifications to the multi-signature wallet structure, PEPE lost 15% of its value.
DOGE/USD
In the previous 24 hours, Dogecoin (DOGE) bears dropped prices from an intra-day high of $0.06391 to an intraday low of $0.0619. Bearish momentum lingered, prompting DOGE to trade at $0.06219 at press time, down 2.60% from its intraday high.
While under bear drip, DOGE’s market capitalization and 24-hour trading volume nosedived by 2.27% and 20.89%, respectively, to $8.75 billion and $225.89 million. The drop in market capitalization and trading volume reflects the general market pullback and profit-taking by investors.
DOGE/USD 24-hour price chart (source: CoinMarketCap)
A break below the $0.0619 support level may send DOGE into a bearish trend, with the next support level at $0.0600 in sight. However, if DOGE can recover from its present low, it might gather momentum and aim for a resistance level of $0.0650.
SHIB/USD
Meanwhile, Shiba Inu, which had been gaining much attention, faltered. Shibarium’s much-anticipated mainnet blockchain, fell short of expectations. Repairs were halted abruptly due to launch difficulties, leaving many investors in the dark. Consequently, 74% of SHIB-holder addresses are now in the red.
SHIB/USD 24-hour holder chart (source: Crypteye)
SHIB/USD 24-hour holder chart (source: Crypteye)
Particularly, 951,320 addresses are holding tokens at a loss, totaling 859.44 trillion Shiba Inu tokens. Despite this, there is a ray of optimism since Shibarium’s crew has informed customers that brighter days are coming, promising an improved user experience following the platform’s public debut.
Floki to Make BTCTurk Kripto Debut
Floki Inu will grow by leaps and bounds as it prepares to be listed on BTCTurkKripto, a Turkish cryptocurrency exchange with over 5 million registered customers. This Floki Inu announcement will improve the token’s exposure and acceptance.
Phoenix, a recent X study shows the increasing popularity of Floki Inu. According to data research, FLOKI’s development trend is comparable to Shiba Inu’s. The token is predicted to climb by more than 400% compared to its present price.
Shiba Inu Shibarium’s Game-Changing DeFi Leap
Shibarium, Shiba Inu’s anticipated Ethereum Layer-2 blockchain, has finally gone online. This step is historic and significant in establishing the Shiba Inu as a serious participant. During its testing phase, a remarkable 21 million wallets were produced.
Shibarium aims to attract customers to its user-friendly and economical environment, focusing primarily on financial services and games. The network will use BONE, TREAT, SHIB, and LEASH tokens for its blockchain applications, which may raise demand for these tokens and drive their price up.
As a result, the BONE token price at Bone ShibaSwap has increased in the previous 24 hours by more than 10% and is trading at $1.39 at press time.
BONE/USD 24-hour price chart (source: CoinMarketCap)
With a 10.34% growth in market value to $318,868,464 and an 86.88% increase in 24-hour trading volume to $24,196,322, it is apparent that investors are becoming more interested in the BONE coin. One of the primary reasons for BONE’s recovery is that investors are no longer concerned about Shibarium’s terrible start and are now looking forward to further advancements.
In conclusion, despite the dip in prices, the lower prices provide a chance for savvy investors to enter the market. As projects like Shibarium evolve and new exchanges list tokens, the crypto landscape promises potential growth and innovation.
Disclaimer: The views, opinions, and information shared in this price prediction are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be liable for direct or indirect damage or loss.
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