Memecoins, corresponding to Dogecoin (DOGE), Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), and many others., had a very bullish few days, with many witnessing double-digit rallies. Investor confidence could have elevated after Bitcoin (BTC) breached the $66,000 stage final week.
Dogecoin To Dip, And A Pepe Rally?
Dogecoin (DOGE), the unique meme coin, is up 13.8% within the weekly charts, 20% within the 14-day charts, and 21.3% over the earlier week. The dog-themed crypto has additionally elevated by 98.7% since September 2023.
Like DOGE, PEPE has additionally witnessed a pointy rally over the previous couple of days. The asset is up 0.1% within the each day charts, 36.5% within the weekly charts, 52.7% within the 14-day charts, and 45.2% over the past month. The frog-motif meme coin can be among the many best-performing belongings of the earlier yr, rallying 1324.5% since September 2023.
Pepe To Hit A New All-Time High
PEPE is at the moment down by almost 35% from its all-time excessive of $0.00001717, which it attained in May of this yr. On the opposite hand, Dogecoin (DOGE) is down by 83.2% from its all-time excessive of $0.7316, which it attained in May 2021, greater than three years in the past.
According to the analysts at CoinCodex, the meme coin will proceed its rally over the subsequent few weeks, hitting a brand new all-time excessive in October. The platform anticipates the asset to hit a excessive of $0.00003817 on Oct. 28, 2024. Hitting $0.00003817 from present costs will entail a rally of about 241.41%.
Dogecoin Predicted To Dip?
While PEPE could hit a brand new all-time excessive in October, DOGE could also be heading for the opposite method round. CoinCodex analysts anticipate DOGE’s value will dip in October. The platform predicts DOGE will fall to $0.106249 on October 28, 2024. The value decline represents a fall of about 13.5% from present ranges
