After the 2024 U.S. election, can these two Meme coins outperform the crypto market?
Bitcoin's price has stabilized below $69,000, while Meme coins are a bit chaotic, with price fluctuations in both directions, but trading volume is surging.
Will the crypto market be on fire this week, or will it take a big tumble? Let's take a look at the two highest market cap Meme coins to see how they are feeling and how their prices are moving.
Dogecoin (DOGE)
Dogecoin has increased by 5.58% in the last 24 hours, with a trading volume of $2.289 billion. It has risen 7.71% over the past week and 43.87% in the last 30 days. Since the beginning of this year, long-term investors have already made a profit of 75.82%.
Looking at the MACD, the red bars are increasing, indicating that Dogecoin might drop. However, the 50-day and 200-day EMA lines are still trending upwards, so the price of this Meme coin is a bit hard to predict.
If the situation turns positive, Dogecoin might surge to $0.18225. If the situation worsens, it could drop to $0.127.
Want to know what will happen to Dogecoin in the future? Check out our price predictions!
Shiba Inu (SHIB)
SHIB has increased by 2% in the last 24 hours, but it has slightly decreased over the past week and 30 days, down 0.18% and 3.68% respectively. However, it remains the 12th largest cryptocurrency in the world, with a market cap of $10.036 billion.
Looking at the 50-day and 200-day EMA lines, it is currently on a neutral path. The trend lines are converging, indicating a potential rise.
As long as SHIB can hold the support level of $0.0000170, it might surge to $0.00002350. If the situation is unfavorable, it could return to $0.00001175.
Recently, I plan to scout a potential coin that is ready to explode; doubling my investment seems quite simple. At the same time, I am looking for some potential coins to hold until the end of the year, expecting a growth of over 10 times is not a problem. If you want to keep up, leave a message, follow, like, and share for free.
