Will meme coins regain momentum? Dogecoin, Shiba Inu, and Pepe coins see minor decreases.
Rewritten Article:
Hey there! Let's dive into the buzzing world of meme coins as the controversial MELANIA token takes center stage once more. According to a Fortune article, a crew of investors pocketed a staggering $100 million in profits by offloading MELANIA when it hit its peak, having initially spent millions on it.
As Bitcoin soared past the $100,000 milestone on Thursday, popular meme coins like Dogecoin, Shiba Inu, and Pepe joined the celebratory dance. With Dogecoin, Shiba Inu, and Pepe rallying, Bitcoin's victory pushed them to gain nearly double-digit percentages, surpassing key milestones on the daily chart. However, a small dip the following day could be attributed to profit-taking by traders.
Speaking of a dog race, Dogecoin, Shiba Inu, and the internet-famous frog are undoubtedly in the spotlight, as their portfolios captivate traders' attention. Interestingly, a report from Solidus Labs revealed that 98.6% of meme tokens launched on Solana's Pump.fun launchpad and a whopping 93% of liquidity pools on Raydium displayed signs of suspicious activity, including pump-and-dump schemes and rug pulls—typical within the meme token ecosystem.
Bitcoin, meanwhile, eventually bounced back, holding above $100,000 as markets soared. The question on everyone's lips is whether Pepe, Shiba, or Pepeto could potentialy be the next 100x memecoins, rising to the occasion left by Bitcoin.
Speaking of stirring up controversy, MELANIA has recently made headlines for the wrong reasons. According to a Fortune report, a group of traders allegedly tactically dumped the token after its launch, pocketing nearly $100 million in profits. Shockingly, it is believed that traders hoarded millions of MELANIA tokens mere minutes before the token’s public launch, raising red flags about possible "insider groups." Worryingly, MELANIA’s price has plummeted over 97% from its all-time high and currently trades at $0.3437 on Kraken.
Looking ahead, Dogecoin appears set to surge another 12%, testing the resistance at R1 ($0.21465), a key level for the meme coin. Resistances R1 and R2, at $0.24040, are pivotal for DOGE, as seen on the daily timeframe. Support could potentially be found at $0.16358. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) both suggest a positive momentum for Dogecoin.
Shiba Inu could also see a 10% rally, with promises of a re-test of R1 and R2, key resistance levels for Shiba Inu, as observed on the daily timeframe. A 10% rally would place R1 and R2 as the target price for Shiba Inu. Support for the price increase is evident in Shiba Inu's RSI and MACD readings.
PEPE, however, is the top meme coin with the highest potential for gains, potentially boosting prices by 27%. PEPE is well-positioned for a double-digit price surge and a test of resistance R1 at $0.00001206 on the daily timeframe. PEPE could also target resistance at $0.00001336, but in the event of a correction, the $0.00000828 level may offer a safety net. The RSI and MACD momentum indicators are both aligned with PEPE's proposed price surge.
For those seeking more meme coins to track in 2025, the following top five contenders stand out:
1. Floki Inu (FLOKI) - This meme coin named after Elon Musk’s furry companion is more than just a joke. It functions on Ethereum and the BNB Chain, manufactures an NFT marketplace, DeFi tools, and a metaverse game called Valhalla. Its popular marketing strategies, ongoing development, and potential for long-term growth make it a noteworthy meme coin.
2. Dogwifhat - This meme coin has garnered impressive growth in recent weeks, more than doubling in value and adding 5,000 new token owners. It owes its popularity to a dynamic community and booming market interest.
3. Bonk - A Solana blockchain meme coin, Bonk has made a name for itself through its impressive development, boasting119 integrations across 10 various chains. Widespread adaption and development activity place it high on the watchlist.
4. SLERF - SLERF, an explosive meme coin, has gained significant traction with a market cap of around $740 million, surging considerably after Binance introduced futures trading for it. The surge in market activity sparked strong speculative interest.
5. Solaxy (SOLX) - Solaxy, a meme coin developed as a Solana Layer-2 solution, stands tall among the best meme coins on the Solana network. Its primary focus lies in catering to the rising Solana ecosystem, setting it apart from more Ethereum-based meme tokens.
To conclude, these top meme coin selections represent a blend of powerful community support, progressive development, and thriving market momentum, enabling them to offer a fresh take on an often crowded and saturated meme coin space, that goes beyond the norms of Dogecoin, Shiba Inu, and Pepe. Just remember, this article does not serve as investment advice, the purpose of content and materials is to educate only.
- Despite the MELANIA token's controversial past, other meme coins such as Dogecoin, Shiba Inu, and Pepe have drawn attention due to their promising portfolios.
- The market success of Dogecoin, Shiba Inu, and Pepe can be attributed to their ability to gain nearly double-digit percentages, even when Bitcoin slipped briefly.
- Investors are curious about whether Pepe, Shiba, or other memecoins could potentially replace Bitcoin's position with a 100x surge.
- MELANIA's price has plummeted over 97% from its all-time high, raising concerns about potential insider groups due to its suspicious pre-launch activity.
- In the midst of this, Dogecoin appears poised for a 12% surge, testing the resistance at R1, a key level for the meme coin.
- Shiba Inu could see a 10% rally, targeting R1 and R2 as key resistance levels on the daily timeframe.
- PEPE, another meme coin, has the potential for a 27% price increase, testing resistance R1 at $0.00001206 on the daily timeframe.
- For those seeking new meme coins to track in 2025, Floki Inu, Dogwifhat, Bonk, SLERF, and Solaxy are noteworthy contenders due to their community support, development, and market momentum.
- Always remember that this article is not investment advice, its purpose is to educate and inform only, as investing in cryptocurrencies like Bitcoin, Dogecoin, Shiba Inu, or any other memecoins involves risk and should be carefully considered by individuals familiar with financial technology, entertainment, and the relevant regulations within the finance industry.
