The December crypto scene has witnessed an unparalleled surge, primarily driven by the meteoric rise of meme coins. Dogecoin ($DOGE ), Bonk (BONK), and Meme Moguls (MGLS) have been dominating headlines, sparking a frenzy among traders. However, Meme Moguls stands out as a new ICO many experts foresee potentially rising by 100x in 2024. This article will analyze all three tokens and determine their future.
Dogecoin (DOGE): First Meme In Space
The original meme-coin, Dogecoin (DOGE), has been the darling of the crypto world for years. The Dogecoin worth has been skyrocketing recently as SpaceX plans to launch the first Doge-1 satellite to the moon soon. This event represents the first crypto and meme in space, as a physical representation of the DOGE token will be sent.
In terms of the Dogecoin price performance, it has seen an upward trajectory since the start of December. It has risen from $0.08 on December 1 to $0.09 on December 11. The technical analysis also paints a bullish picture, with its value sitting comfortably above the 100 and 200-day EMAs.
Experts in the crypto field are buzzed about the upcoming satellite launch, predicting the Dogecoin price will reach $0.10 before December ends. As the hype for this event grows, Dogecoin remains one of the altcoins to watch.
Bonk (BONK): Outstanding Growth
Similarly, Bonk (BONK has achieved tremendous growth in the past month – rising by 473%. This surge resulted from the popular crypto exchange KuCoin listing the $BONK crypto. After this news, its value jumped from $0.0000037 on November 28 to $0.00001193 on December 11.
From a technical standpoint, sentiment around Bonk is bullish. Currently, there are 18 technical indicators in the green, while the Bonk pricesits above its 21-day EMA.
As per market analysts, this altcoin has the potential to reach a value of $0.00001168 before 2023 ends. They believe Bonk will slowly climb the DeFi crypto list and could enter 2024 with a bang.
