Memecoin Bull Run: Dogecoin, Dogwifhat, & Pepe Price Prediction This Week
Memecoins have stormed the crypto world, with some delivering remarkable returns recently. This trend suggests that 2024 could be the year of the memecoin. Memecoins benefit from strong community support, but they are also known for their volatility and speculative nature. To understand their future prospects, let's analyze current trends and historical price patterns.
1. Top Memecoins by Market Cap
The top seven memecoins by market capitalization are:
| Memecoin | Market Cap | 24 Hour Volume |
|---|---|---|
| Dogecoin | $22,381,955,751 | $1,766,495,970 |
| Shiba Inu | $13,929,310,798 | $613,538,036 |
| Pepe | $3,447,697,985 | $987,574,974 |
| Dogwifhat | $3,299,740,378 | $867,821,575 |
| FLOKI | $1,725,588,848 | $208,392,422 |
| Bonk | $1,636,512,521 | $280,697,213 |
| Book OF MEME | $811,859,858 | $369,462,889 |
1.1. Top Memecoins 30-Day Change Analysis
| Memecoin | 30-Day Change |
|---|---|
| Dogecoin | -20.9% |
| Shiba Inu | -17.2% |
| Pepe | +15.8% |
| Dogwifhat | -9.5% |
| FLOKI | -12.7% |
| Bonk | +6.5% |
| Book OF MEME | -17.9% |
1.2. Top Memecoins 7-Day Change Analysis
| Memecoin | 7-Day Change |
|---|---|
| Dogecoin | +8.4% |
| Shiba Inu | -1.6% |
| Pepe | +10.7% |
| Dogwifhat | +23.8% |
| FLOKI | +6.1% |
| Bonk | -1.1% |
| Book OF MEME | +19.8% |
2. Three Best Memecoins to Watch for in May
Dogecoin, Dogwifhat, and Pepe are three important memecoins to monitor in May. Dogecoin is the top memecoin by market cap, with a positive 7-day change of +8.4%. Dogwifhat has a strong 7-day change of +23.8%. Pepe has shown consistent performance with a positive 30-day change of +15.8% and a positive 7-day change of +10.7%.
2.1. Three Best Memecoins Historical Price Analysis
2.1.1. Dogecoin Historical Price Analysis
Dogecoin's current price is $0.15561. It started 2024 around $0.09166 and experienced an uptrend from February 26th to March 4th, lifting its price from $0.08961 to $0.18290. It reached a peak of $0.22030 on March 28th.
2.1.2. Dogwifhat Historical Price Analysis
Dogwifhat's current price is $3.23. It started 2024 around $0.17 and had an uptrend from February 24th to March 14th, taking its price from $0.34 to $3.15. It reached a peak of $4.57 on March 31st.
2.1.3. Pepe Historical Price Analysis
Pepe's current price is $0.00000811. In mid-February 2024, its price was as low as $0.00000122. It underwent an uptrend from February 24th to March 8th, with its price climbing from $0.00000130 to $0.00000900. It reached a peak of $0.00001005 on March 14th.
3. Memecoins Overall Price Prediction
The historical price analysis shows that these three memecoins experienced an uptrend in late February and early March. They have not experienced any significant decline since then, suggesting that the bullish trend remains intact. While they currently show negative 24-hour changes, the price analysis indicates that the underlying sentiment towards these coins is favorable.
Endnote
While some analysts are optimistic about the progress of memecoins, others highlight their volatility and lack of solid fundamentals as potential barriers to long-term growth. They argue that memecoins may struggle to sustain their momentum without a clear purpose or underlying value, suggesting that their popularity might be more speculative than sustainable.
CaptainAltcoin
Cointelegraph
DogeHome
Crypto Intelligence
TNYR
Bitcoin Sistemi EN
TheNewsCrypto
U_Today
