The crypto space has exploded in 2024 with many early holders seeing large returns. The meme coin space has been no different, with iconic giants Pepe and Dogecoin both seeing success in the markets.
Both have experienced significant price lifts while the developers continue to make improvements to the ecosystems in a bid to introduce more utility to the meme coin space.
So what patterns are we likely to see in the upcoming quarter?
Dogecoin (DOGE): Technical Updates and Price Changes
Dogecoin (DOGE) has shown remarkable resilience throughout the last two quarters. The cryptocurrency saw a notable 62% price surge within the past week, rebounding effectively from a dip experienced in early September.
Dogecoin (DOGE) has been pushing its limits and testing key resistance levels, with experts predicting a potential 70% breakout in the short term. Presently, Dogecoin is valued at $0.243, commanding a significant portion of the market with an estimated capitalization of $35 billion.
These price movements indicate that Dogecoin (DOGE) holders remain hopeful for potential gains, particularly as DOGE has outperformed the broader market. A 125% increase in large transactions also signals increased interest from institutional investors in Dogecoin.
Dogecoin’s value increase has also been prompted by its integration with major e-commerce platforms.
Dogecoin’s utility has been enhanced through its integration with multiple major e-commerce platforms. Additionally, the Dogecoin Foundation’s recent announcement of an ambitious 2024 roadmap highlights a dedication to continued development and innovation within its ecosystem.
Pepe (PEPE) Sees Strong Price Surge
Another meme-inspired coin, Pepe (PEPE) has gained a considerable market share in recent months. Its price rose 46% in a week on strong buying activity as the Money Flow Index surpassed 50, indicating an optimistic price outlook from analysts.
If Pepe (PEPE) can break critical resistance levels, analysts believe it could see a 50% price increase soon. Pepe currently trades at $0.00001217, controlling a sizable chunk of the market cap, of just under $4 billion.
All of these indicate rising interest in Pepe among holders hopeful of potential profits amid a wider revival of meme coins. New listing of Pepe (PEPE) on several major exchanges may increase demand and market liquidity.
Pepe (PEPE) developers have also made a concerted effort to build a decentralized application (dApp) ecosystem around Pepe. The intention with this is to improve its utility and attract more users and investors, hopefully elevating Pepe beyond its meme coin origins.
Lunex Network ($LNEX) Excites Traders With Its Interoperability
Lunex Network ($LNEX) is a new DeFi protocol that offers traders the efficiency and interoperability they expect from other major blockchains, all within a private trading environment. Lunex Network ($LNEX) omits the usual Know-Your-Customer verification requirements so that traders maintain their anonymity while using the platform.
Interoperability is a central focus of Lunex Network ($LNEX). Traders are able to make swaps on over 50,000 assets, across multiple blockchains. The native token, $LNEX, is designed with a revenue sharing model which gives token holders an 18% cut of the platform’s profits.
Early investors can currently buy $LNEX tokens at a discounted price of $0.002. Industry analysts have anticipated growth of 1800% in the token’s value pre-launch, making this an exciting prospect for traders who get in early.
You can find more information about Lunex Network (LNEX) here:
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