Meme coins have had an excellent past 12 months, with Dogecoin of course leading the pack as far as established meme tokens go. The bull run has been good for DOGE, but there are some hurdles it has to cross before further growth is cemented.
As Dogecoin sits on the fence and could go either way, other tokens like Smog (SMOG), DogWifCat (DWIFC), and Dogecoin20 (DOGE20) have been showing signs of tremendous growth. We offer a DOGE price prediction here, along with details on the aforementioned tokens.
DOGE Price Prediction: Meme Coin Go Either Way
With BTC demonstrating strength, the price of Dogecoin is undergoing a recovery rally and may encounter resistance around the midrange of the market’s price movement, specifically at the 50% Fibonacci level of $0.1663. A clear candlestick close above this threshold could pave the way for further gains, potentially reaching the resistance level at $0.1855.
The Relative Strength Index (RSI) adds weight to the bullish argument, rebounding above the 50 level amidst a notable uptick in momentum. If buyer activity continues to surge, Dogecoin’s price could surpass the significant hurdle at $0.1855 and aim for a new high above the March 5 peak of $0.2071.
On the flip side, early profit-taking could lead to a dip in Dogecoin’s price, testing the support level at $0.1368. In a worst-case scenario where this support level is breached, further downside movement could occur, potentially reaching the lower end of the market range at $0.1255 before a potential rebound. A decisive break and close below this level would undermine the bullish outlook.
Smog (SMOG) Could Join Top Meme Coins
Smog (SMOG) emerges as a formidable contender for the top position among these tokens, positioned to seize the premier spot in this highly coveted niche. This Solana-based meme coin has swiftly gained momentum on decentralized exchanges (DEXs), achieving a market cap of $2 million on Jupiter in a remarkably short period. The upcoming airdrop further underscores the potential for significant growth.
Meme coins consistently vie for attention as crypto tokens with the most outstanding growth rates. Over the past year, numerous meme coins have consistently outpaced the broader market, suggesting a trend that may endure. The meme coin sector remains dynamic and proficient at yielding profits. Following in the footsteps of predecessors like Bonk and Myro, Smog (SMOG) has already exhibited signs of surpassing them. Its DEX trading volumes have recently exceeded those of Uniswap, showcasing strong momentum.
With its remarkable growth trajectory, Smog (SMOG) is positioned to potentially surpass the achievements of SPONGE, which experienced a 50x surge from $2 million to $100 million. Undoubtedly, Smog (SMOG) presents one of the most compelling investment opportunities currently available, with the imminent airdrop possibly catapulting it to the forefront as the premier meme coin of 2024.
DogWifCat Brings A Dog And A Cat Together
You’ve heard of FrogWifHat, you’ve heard of DogWifHat and you’ve heard of several dog-based meme coins – but have you heard of DogWifCat (DWIFC)?
That’s the latest meme coin that’s creating a craze among investors, and it certainly looks like it’s got some strong momentum going for it. Available on Dextools, this token has seen a massive increase in the last 24 hours, going up by around 400%!
It’s one crazy meme coin all right, best summarized in the motto “Much coin, such meme, add cat. Dogwifcat = so investment.” It’s clear why meme coins investors are going crazy for this token and why it could see a sizable increase in the months to come.
A Solana-based meme coin, this has the potential to overthrow other meme coins that have been rising and become one of the hottest new meme coins on the market.
There’s a market cap of about $20 million already on the cards, but this could easily go 10x if the momentum continues. The circulating supply is just under $1 billion. You’ll find the price of DWIFC hovering around $0.020 at the time of publishing.
Dogecoin20 Could Take Over Dogecoin
Dogecoin 20 (DOGE20) enters the scene as the newest meme sensation in presale, joining the ranks of previously mentioned platforms. Running on the Ethereum blockchain and leveraging smart contracts, use can stake to gain more DOGE20. This iteration of Dogecoin builds upon the foundation of its predecessor, blending its essence with the allure of passive rewards, thus embodying the quintessence of meme coins with notable enhancements.
Dogecoin20 transcends the typical meme coin narrative by aspiring to enact tangible change in the real world. Its ethos, encapsulated in the phrase “Do Only Good Everyday,” extends beyond the digital realm. Dogecoin20 leverages its online influence to inspire users towards real-world benevolence and community action, prompting engagement in projects aimed at noble causes, and thereby fostering global betterment.
All participants in staking contribute to the network’s expansion, reinforcing Dogecoin20’s commitment to promoting its ethos while offering users the opportunity to passively earn income. This innovative staking model fosters a community ethos dedicated to supporting local communities in tangible ways.
The presale has already managed to raise over $5.6 million, with the current price of DOGE20 being $0.000205. The next price increase takes place in about 2 days.
There is a total supply of 140 billion DOGE20 tokens. Only 25% is available during the initial presale, providing early investors with a foundation for future growth. A significant portion, 25% of tokens, is earmarked for an extensive marketing campaign aimed at fostering a robust Dogecoin20 community and ensuring widespread availability on major crypto exchanges. An additional 25% is held in reserve to sustain Dogecoin20’s long-term development and viability, facilitating the introduction of new features and covering operational costs.
15% is allocated for staking rewards over an extended period, fostering stable growth and incentivizing users to stake their tokens for enhanced rewards. Finally, the remaining 10%, equivalent to 14 billion tokens, are dedicated to providing liquidity on decentralized exchange platforms, enhancing trading efficiency and mitigating volatility.
Conclusion
Dogecoin (DOGE) remains one of the best altcoins to invest in, but up-and-coming tokens like Smog (SMOG), DogWifCat (DWIFC), and Dogecoin20 (DOGE20) make a strong case for themselves. We advise taking a look at these tokens and engaging with their respective social media channels.
Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
The post Dogecoin Price Prediction: Will DOGE Push Past $0.20 As Other Meme Coins Like DogWifCat (DWIFC) Look To Dethrone It? appeared first on CaptainAltcoin.
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