The post October: The Month for Memecoins To Watch Out For, DOGE, SHIB PEPE, WIF appeared first on Coinpedia Fintech News
The cryptocurrency market is steady right now, with Bitcoin holding strong at around $63,000. Market experts are predicting that October will kick off a big bull run. They believe that memecoins might be some of the hottest coins to watch, potentially offering huge returns.
After hitting a high of $74,000 in March, Bitcoin and many altcoins dropped significantly, with memecoins falling 50% to 80%. Many analysts feel that now is the perfect time to invest in top memecoins before the upcoming memecoin season begins.
PEPE: Frog That Captured Hearts
Pepe, the quirky frog-themed meme coin, has been turning heads in the crypto world lately. At its highest point, Pepe’s market cap was over $5.83 billion, showcasing its popularity. Right now, Pepe coin is on an upward trend, hinting that it might have a big breakout soon.
After a long period of stagnation, the token has surged by 15.95% in just the last week. This significant increase indicates that investors are re-engaging with the coin, renewing their interest and confidence in its potential.
Adding to the excitement, crypto analyst CryptoZeus has made an intriguing prediction: if Bitcoin reaches $350,000, Pepe’s market cap could soar to an impressive $15 billion.
Shiba Inu: The Memecoin on the Move
Shiba Inu (SHIB) often known as Dogecoin killer has seen it’s experienced an impressive 144% surge, pushing its price up to $0.0000307 in March when Bitcoin hit new ATh. However, it has since dropped 47% and is now trading at about $0.00001641.
As we move into October, Shiba Inu’s price performance in September has been somewhat stable, with only minor price fluctuations. But many believe that the upcoming “Pumptober” effect could be just what SHIB needs to reach its March month high.
Dogecoin: The OG Memecoin Coin
Dogecoin (DOGE), one of the most popular memecoin in the cryptocurrency has seen a rise in value, raising interest across various exchanges. Although 2024 has been tough for Dogecoin, it gained some interest after being mentioned by Elon Musk.
This led to brief price spikes, but it has settled back to a trading range of $0.10 to $0.108. Currently, Dogecoin is at $0.1138, reflecting a 5% rise in the last 24 hours.
Dogwifhat (WIF): The Meme Coin Set to Soar!
Dogwifhat (WIF) is a fun, dog-themed meme coin on the Solana blockchain, inspired by the popular Dogwifhat meme. After a long six-month drop, it looks like Dogwifhat might be breaking out of a downward trend.
The price of WIF dropped sharply from $4.86 to a low of $1.08, marking a staggering 77% loss. However, well-known trader BluntzCapital sees a chance for a comeback. If buying continues, Dogwifhat could jump by 50%, aiming for the $2.89 mark.
