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#HotTrends Dogecoin[DOGE] has seen a surge in its price in double digits 🔥#priceprediction $DOGE $SHIB ✨ While this movement echoes the overall movement of the market, there is also an underlying sentiment that the price might turn bearish soon according to its Social Dominance. ♦️#Dogecoin has come under criticism yet again due to its price being influenced by Musk. While the #memecoin has been a fan-favorite for a long time, its over-reliance on Elon Musk paired with a restricted vision with no real-world use-case has caused it to be dropped from the purses of many investors and traders. ✨ Although memecoins were created as a joke, there has been an increase in terms of their roadmap and structure giving them more applications. Shiba Inu is one such token that was launched taking inspiration from #DOGE but went on to create its own space. Dogecoin is currently struggling to find its foothold, however, there are still many who hold onto the memecoin. [🧧HotTrends🔥](https://s.binance.com/yQyxtlq9)

#HotTrends Dogecoin[DOGE] has seen a surge in its price in double digits 🔥#priceprediction $DOGE $SHIB

✨ While this movement echoes the overall movement of the market, there is also an underlying sentiment that the price might turn bearish soon according to its Social Dominance.

♦️#Dogecoin has come under criticism yet again due to its price being influenced by Musk. While the #memecoin has been a fan-favorite for a long time, its over-reliance on Elon Musk paired with a restricted vision with no real-world use-case has caused it to be dropped from the purses of many investors and traders.

✨ Although memecoins were created as a joke, there has been an increase in terms of their roadmap and structure giving them more applications. Shiba Inu is one such token that was launched taking inspiration from #DOGE but went on to create its own space. Dogecoin is currently struggling to find its foothold, however, there are still many who hold onto the memecoin. 🧧HotTrends🔥

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#MemeWatch2024 Can Pepe (PEPE) Become the Biggest Meme Coin in 2024? #pepe⚡ #shiba⚡ #doge⚡ 🔷 What Are PEPE’s Chances? 🔸The frog-themed meme coin – Pepe (PEPE) – has gained even more popularity in the past few days thanks to its rapid price increase. As CryptoPotato reported, it hit a new all-time high on May 15, whereas its market capitalization neared the $5 billion mark. The surge positioned PEPE as the third-largest in the meme coin realm, trailing behind Dogecoin (DOGE) and Shiba Inu (SHIB). 🔹Other necessary elements include community support and endorsement from influential figures. It is worth noting that a study conducted at the end of last year positioned Shiba Inu (SHIB) as the meme coin with the most solid supporter base, while PEPE was third. 🔸Speaking of support from prominent individuals, one should mention that Dogecoin (DOGE) is the favorite cryptocurrency of Tesla’s CEO, Elon Musk. This might be among the reasons why the asset is the most dominant meme coin. 🔹Not long ago, though, one of the wealthiest people posted a controversial picture on X depicting a frog dressed as a soldier. Some industry participants described the activity as a pro-PEPE move. 🔶 PEPE’s Success in Just a Year 🔹The meme coin saw the light of day in April 2023, turning into a sensation almost immediately. The interest in it rapidly increased in the following months, coinciding with its price rally and support from leading cryptocurrency exchanges. 🔸Some giants allowing trading services with PEPE include Binance, Bybit, OKX, Coinbase, Bitget, and many more. 🔹The token’s impressive ascent in a short period of time enabled savvy traders to make substantial profits. However, investors should also keep in mind the volatile nature of PEPE and the entire meme coin sector before entering the ecosystem, as they may experience devastating losses. $PEPE $SHIB $DOGE
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#MemeWatch2024 Trading Memes: Dogecoin Still Outperformed GameStop Over the Last Week 🌐 Meme stock mania returned last week, and was the talk of the town on Wall Street. But while the craze appears to have died down, coins like Dogecoin—the leading meme coin by market cap—are still winners. 🔹The price of Dogecoin over the past seven days has risen nearly 2%, according to CoinGecko. The Elon Musk favorite and 10th biggest digital asset by market cap is now priced at $0.153, having jumped 2% in the past 24 hours as well. 🔸Meanwhile, GameStop (GME), the original meme stock, has shed nearly 35% of its value in the same timeframe. 🔹It's now priced at $19.80, down from a closing price of $30.45 on Monday, May 13. 🔶 Internet star and financial analyst Roaring Kitty, whose real name is Keith Gill, posted on Twitter for the first time in nearly three years on May 12. The next day, the price of GameStop had exploded in value; it had soared by over 200% by Tuesday. 🔷 But most of those gains have now been taken home by traders. 🔸Roaring Kitty—who also goes by the name Deep Value on Reddit—started the meme stock trading craze back in 2021. The idea was that amateur traders could get involved in making money by buying shares of companies professionals on Wall Street had shorted. 🔹The craze caused chaos and regulators had to get involved. It also spurred a trading frenzy in meme coins— cryptocurrencies that are based on Internet memes and jokes. 🔶 Last week was no different, and many meme coins and tokens surged in value. A lot of those coins have since plunged over the week, but Dogecoin—originally created as a joke—remains in the green even. $DOGE $MEME
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