Despite Dogecoin’s commendable performance in May with a 28% price increase, it ended the month on a bearish note. Analysts are assessing DOGE’s metrics to predict its price targets for June. While some indicators suggest slow-moving days initially, a bull rally could potentially send DOGE to its April high of $0.21, and if sustained, even $0.28 may be achievable.
With Dogecoin’s recent resurgence and the overall crypto market trading in the green, many are wondering if the popular meme coin can reach $0.2 by the end of May. Experts provide insights into DOGE’s potential price trajectory based on various factors.
Coinbase International Exchange has announced the launch of perpetual futures trading for the PEPE meme coin, set to commence on or after April 18, indicating a shift in the exchange’s stance towards listing the controversial token.
The cryptocurrency market has been dominated by meme coins, with Dogecoin (DOGE), Shiba Inu (SHIB), and the rising star Dogwifhat (WIF) leading the charge with impressive price surges and community support.
Shiba Inu (SHIB) is up 13% in the past 24 hours, but the Solana-based meme coin Dogwifhat (WIF) is the real star, exploding by 30% after Elon Musk posted a photo of dogs wearing hats on Twitter.
The meme coin Dogwifhat (WIF) has climbed to become the fifth-largest meme coin by market capitalization, reaching a $2.2 billion valuation. However, despite the uptrend, technical indicators suggest a potential pullback for WIF bulls due to diverging volume.
As the recent memecoin mania that propelled Shiba Inu (SHIB) to new highs cools off, the SHIB team has launched a critical product – SHIB Names, an Ethereum ENS competitor – which could drive renewed bullish momentum and push SHIB’s market cap above $30 billion.
Dogecoin (DOGE) price has rallied over 150% in the past week, reaching a three-year high above $0.20.
Shiba Inu ecosystem saw over 24-hour trading volume topping $1.1B to surpass Cardano and other larger market cap coins alongside triple-digit returns for SHIB, BONE, and TREAT tokens.
PEPE led meme coin gains with a 180% weekly price explosion to $0.0000033, joined by FLOKI and Doge surging 20-30%, as the niche crypto sector suddenly rebounds to $27 billion.
