- PEPE surpassing MATIC in market cap highlights the rapid rise of meme coins in the crypto market.
- Dogecoin shows potential for a bullish breakout, as noted by analyst Nebraskangooner.
- Dogwifhat’s 5% daily increase indicates a strong positive trend, according to Crypto Tony.
The meme coin PEPE surpassed Polygon’s MATIC in market capitalization. This shift in market dynamics drew attention to the factors driving PEPE’s rise. The surge in PEPE’s value sparked discussions across the crypto community, highlighting the nature of the market.
Analyst Crypto Rover tweeted that PEPE had flipped MATIC, marking a significant step for the meme coin. This development came after a notable price rally for PEPE. Moreover, analyst Crypto Patel emphasized that PEPE flipping MATIC in market cap is noteworthy given MATIC’s utility in scaling Ethereum, providing staking rewards, enabling governance votes, and powering DeFi and DApps.
The latest price data shows PEPE trading at $0.00001526 with a daily trading volume of $1,362,149,051.77. Despite an 8% price decline in the past day, PEPE has seen a 11% price increment in the past week. This data indicates a strong weekly performance, demonstrating PEPE’s resilience amid short-term market shifts.
DOGE, another meme coin, is priced at $0.1653 with a trading volume of $1,273,736,394.24. DOGE experienced declines of 0.8% and 1.2% in the last 24 hours and in the past week, respectively. Analyst Nebraskangooner suggested DOGE could get in on the meme-pump action soon, noting an inverse head and shoulders breakout pattern and emphasizing the need to stay above current support levels.
The price of dogwifhat (WIF) stands at $3.89, with a daily trading volume of $1,31B. WIF saw a 5% price increase in the past day and a 35% price increase in the past week. Analyst Crypto Tony highlighted $3.46 as a key level for WIF’s continuation, indicating a positive trend.
Joe Mitoshi, known as @CryptoSays, observed that the momentum for WIF is intensifying. He pointed out that a new cycle is beginning for WIF on the 1D timeframe during this 1W WP Pivot week. According to Mitoshi, if this momentum continues, the signals from WP and Ichimoku indicate that these two levels should offer resistance. He remains optimistic, suggesting to “ride with a hat for now!”
Memecoin (MEME) is currently priced at $0.03122 and has a daily trading volume of $151,712,533.77. It has experienced an 11% price increase in the last 24 hours and a 13.32% price increase in the past 7 days. Analyst ZAYK Charts noted a trendline breakout for MEME in the 12-hour timeframe and expects a bullish wave to follow.
