The bull market is ready to come, let us analyze the current situation
Since everyone started paying attention to the meme autonomous community, you will find that in every bull market, there will be strong meme coins out of the circle. Let us review
Dogecoin (DOGE)
DOGE remains the dominant player in Meme tokens, with average daily trading volume exceeding 2 billion in the past 30 days, accounting for 40% of the total market value of the Meme token sector. After Tesla announced it would accept DOGE payments, prices briefly rose, but the rise failed to continue. Currently, DOGE's head-and-shoulders pattern technically indicates a risk of price downside in the short term. Despite this, DOGE still has strong community support and its position in the meme coin market is solid.
Shiba Inu (SHIB)
SHIB initially imitated DOGE, but gradually developed its own ecosystem, including ShibaSwap exchange, Shiboshis NFT and Shibarium L2 network. Although Shibarium's daily trading volume has declined from a peak of 950,000 transactions in April, SHIB's long-term plans still attract investors' attention. Its gradually expanding ecosystem helps solidify SHIB's market position.
PEPE (PEPE)
PEPE quickly became popular in 2023 and became the third largest token in the Meme token market. The currency has no intrinsic value and mainly relies on strong social media promotion and simple and crude development strategies.
FLOKI (FLOKI)
FLOKI was born due to Elon Musk's tweet and is currently committed to building its own blockchain ecosystem, which is different from other Meme coins such as Pepe. FLOKI's long-term development direction includes expanding application scenarios and creating a solid blockchain infrastructure, which gives it a certain competitive advantage in the meme currency field.
From the above, you will find that the support of a strong community will make a Meme coin become a representative of the community and a belief, so now there is an opportunity that is Musk’s dog #Marvin , with a market value of less than 1 million (address 7055, and every November 1st of this year is the birthday of the dog, and Musk will tweet to celebrate the birthday. What is the potential of Musk’s concept of meme? It has been vivid in the past, and it currently has strong autonomous community support. I believe that it will start from now on. Progressing more than a hundred times is not a dream, you can’t miss it, you really can’t miss it.
