Dogecoin Worth Outperforms Shiba Inu, Pepe, Dogwifhat and Different Prime Meme Cash

The meme coin frenzy that was booming in late February and early March has cooled off just lately amid a broader crypto market correction. Nevertheless, this week, we have now a transparent winner amongst meme cash, and that’s the meme coin king – Dogecoin (DOGE).

Dogecoin has outperformed all different main meme cash, similar to SHIB, WIF, BONK, PEPE, and FLOKI, this week. DOGE is up 19%, whereas SHIB has gained 11%, PEPE 6%, WIF 4.9%, and FLOKI 15%. Alternatively, BONK has really declined by 12%.

Prime meme cash this week by way of CoinMarketCap

Dogecoin Worth Prediction & Evaluation 

At press time DOGE is buying and selling round $0.17. On the DOGE/USDT chart, we are able to see that DOGE broke out of the sideways channel in late February and commenced its pump from the $0.09 ranges to $0.20.

Previous to this week’s pump, the Dogecoin worth skilled a retracement from its earlier highs, dipping to the $0.14 space earlier than regaining momentum and surging to present ranges.

Dogecoin worth chart – each day timeframe

So, breaking the $0.20 degree is the subsequent logical goal that might be predicted for the DOGE worth. 

The Relative Power Index (RSI) is at present at 59, indicating that the asset just isn’t but overbought and has room for additional upside.

Moreover, the Transferring Common Convergence Divergence (MACD) line continues to be under the MACD sign line. Nevertheless, primarily based on the chart’s bullish pattern, the MACD line can quickly cross above the MACD sign line, which is often a robust purchase sign.

Wanting forward, if Dogecoin can maintain its bullish momentum and break by means of the essential $0.20 resistance degree, it might pave the best way for additional upside. The subsequent main goal for DOGE bulls would probably be the $0.25-$0.30 vary, which represents a robust psychological barrier and a degree not seen since 2021 bull run.

Nevertheless, any potential setbacks, market crashes, or profit-taking might see DOGE retrace to its help round $0.14-$0.15 within the brief time period.

Shiba Inu and FLOKI are inclined to Comply with DOGE 

The surge in Dogecoin’s worth has caught the eye of SHIB KNIGHT, a famend meme coin analyst boasting over 400k followers on the social media platform X, previously often called Twitter. Based on SHIB KNIGHT’s observations, Dogecoin’s 16% acquire on the day signifies the return of the “canine” within the crypto market.

SHIB KNIGHT believes that the performances of meme cash like Shiba Inu (SHIB) and Floki Inu (FLOKI) are more likely to comply with go well with, as they have a tendency to expertise extra substantial rallies when Dogecoin pumps. The analyst additionally highlighted Floki Inu’s potential, stating that it “is trying good with the discharge of its new roadmap yesterday.”

This take means that SHIB and FLOKI are inclined to comply with DOGE’s pumps, so merchants ought to most likely maintain this in thoughts within the upcoming days and weeks.

Greatest Meme Cash to Purchase Now

SMOG is a dragon-themed meme coin that has quickly gained reputation within the crypto market as a consequence of its attention-grabbing narrative, viral airdrops, multi-chain infrastructure, and community-building initiatives. 

Dogecoin20 is a brand new meme coin that goals to supply an improved model of Dogecoin by combining meme tradition with staking rewards. It has raised $7 million in presale already, with a concentrate on passive rewards for traders who stake DOGE20 tokens. 

SpongeV2 is an upgraded model of the unique Sponge meme coin, aiming to construct on the success of its predecessor. It introduces a “Stake-to-Bridge” setup that hyperlinks it to the unique SPONGE ecosystem.

All in all, the meme coin mania has cooled off this week, however Dogecoin has emerged because the clear winner this week, outperforming different main meme cash. With its robust momentum and bullish technical indicators, an optimistic Dogecoin worth prediction might be that its rally continues past $0.25, probably additionally influencing the efficiency of different meme cash like SHIB, FLOKI, and others.

Moreover, new meme coin initiatives like SMOG, Dogecoin20, and SpongeV2 are nonetheless in early phases, however these memes supply attention-grabbing narratives and utilities which makes them the most effective meme cash to spend money on now.


Leave a Reply

Your email address will not be published. Required fields are marked *