Today, the meme coin market is rapidly gaining strength once more. Leading the charge are Pepe and Shiba Inu, which have surged by 10.8% and 6.7% respectively.
Simultaneously, Dogeverse’s multi-chain presale is astonishing the market, amassing $5.8 million in its early stages.
PEPE and SHIB jump on broader market recovery
In the last 24 hours, the overall value of all cryptocurrencies has increased by 2.3%, fueling optimism that a wider market recovery could be imminent.
Simultaneously, the total value of meme coins has risen by 6.3%. however, Pepe and Shiba Inu have surpassed the average growth rate.
This establishes a positive trend for the projects, indicating stronger demand from investors compared to other cryptocurrencies.
At the moment, Pepe is priced at $0.000005397, marking a 10.8% increase today. However, its value has decreased by 22% this week and 28% so far this month.
A meme coin with a frog theme has a market value of approximately $2.2 billion and recorded over $730 million in trades within the past day. However, there’s been a 18% decrease in its trading activity today.
Analyst Mo observed that during the latest market downturn, Pepe coin maintained its shape more effectively than many other alternative cryptocurrencies. This observation from Mo implies that Pepe could be positioned for a robust comeback if Bitcoin remains stable. Put simply, Pepe might rebound more vigorously than most altcoins under these circumstances.
However, Tyrex warns that Pepe must reclaim the $0.0000065 to continue its bullish trajectory.
“Pepe is presently forming a triangle shape on the chart. In order for the upward trend to persist and progress further, we must first secure this level around $0.0000065 and bounce back.”
Currently, Shiba Inu is priced at $0.00002279, representing a 6.7% increase over the past 24 hours. However, its value has decreased by 17% in the last seven days and 10.9% in the past month.
It holds a $13 billion market cap and a $856 million 24-hour trading volume, down 12% today.
According to trader ChartMonkey, the bullish trend for Shiba Inu is expected to continue, but there’s a possibility that the price may dip back down to levels as low as $0.00001350 or $0.000015.
Based on our analysis, it’s likely that the Shiba Inu price has finished its correction in wave 4 of the a-b-c pattern. But, there’s a possibility that the price may drop to around $0.00001350 or $0.000015 before rebounding, which would still align with our positive perspective.
In simpler terms, the feelings towards Pepe and Shiba Inu in the short term aren’t strongly positive or negative, but rather influenced by the overall market situation. Yet, the long-term forecast for these cryptocurrencies remains optimistic.
Despite the market turbulence, Dogeverse, the latest multi-chain meme token, has shown remarkable resilience and reached a presale milestone of over $5.8 million.
Dogeverse presale steams forward as analysts predict 100x growth
Introducing the next stage of meme currency evolution, Dogeverse is a versatile meme coin that not only operates on multiple blockchains but also offers staking benefits.
Across the six most popular blockchains that support smart contracts, Dogeverse stands out as an innovator in the meme coin sector.
The business initiative will kick off on Ethereum, Polygon, and Binance Smart Chain, with expansions to Solana, Fantom, and Avalanche coming up shortly.
Dogeverse will bring together the various meme coin communities that have been separate until now, and they will all rally behind one strong meme coin as it debuts on popular on-chain markets.
Furthermore, the multi-chain feature of this project keeps it relevant in the constantly shifting meme coin marketplace, allowing users to easily follow the trend as they move from one blockchain to another.
The Dogeverse presale currently offers a live staking feature, providing holders an attractive annual percentage yield of over 150%. However, this reward rate is subject to decrease as more tokens get staked, making it advisable for prospective investors to act promptly.
Traders have enthusiastically bought up $6 million worth of $DOGEVERSE in defiance of the market’s current challenges.
Additionally, Dogeverse has gained endorsement from industry professionals. Notably, analysts at 99Bitcoins predict it could be worth up to 100 times its current value.
The pre-sale price for Dogeverse at the moment is $0.000296. This price may rise in a day’s time or once the total fundraising goal of $6.1 million is reached.
To learn more about this project, visit the Dogeverse presale website.
Read More
Sorry. No data so far.
2024-04-17 18:13