The December crypto scene has witnessed an unparalleled surge, primarily driven by the meteoric rise of meme coins. Dogecoin ($DOGE ), Bonk (BONK), and Meme Moguls (MGLS) have been dominating headlines, sparking a frenzy among traders. However, Meme Moguls stands out as a new ICO many experts foresee potentially rising by 100x in 2024. This article will analyze all three tokens and determine their future.Dogecoin (DOGE): First Meme In SpaceThe original meme-coin, Dogecoin (DOGE), has been the darling of the crypto world for years. The Dogecoin worth has been skyrocketing recently as SpaceX plans to launch the first Doge-1 satellite to the moon soon. This event represents the first crypto and meme in space, as a physical representation of the DOGE token will be sent.In terms of the Dogecoin price performance, it has seen an upward trajectory since the start of December. It has risen from $0.08 on December 1 to $0.09 on December 11. The technical analysis also paints a bullish picture, with its value sitting comfortably above the 100 and 200-day EMAs.Experts in the crypto field are buzzed about the upcoming satellite launch, predicting the Dogecoin price will reach $0.10 before December ends. As the hype for this event grows, Dogecoin remains one of the altcoins to watch.Bonk (BONK): Outstanding GrowthSimilarly, Bonk (BONK has achieved tremendous growth in the past month – rising by 473%. This surge resulted from the popular crypto exchange KuCoin listing the $BONK crypto. After this news, its value jumped from $0.0000037 on November 28 to $0.00001193 on December 11.From a technical standpoint, sentiment around Bonk is bullish. Currently, there are 18 technical indicators in the green, while the Bonk pricesits above its 21-day EMA. As per market analysts, this altcoin has the potential to reach a value of $0.00001168 before 2023 ends. They believe Bonk will slowly climb the DeFi crypto list and could enter 2024 with a bang.#BONK #DOGE-1 #Doge🦊

In the year 2021, Dogecoin saw its most significant single-day move ever, which occurred at a period in which DOGE enthusiasm was at its fullest. Within the span of a single day, this had caused the price to rapidly increase from around $0.17 to more than $0.47. This is still the most significant twenty-four hours for the meme currency, and if it were to happen again, the price of the meme coin would skyrocket.
A significant amount of time has passed since Dogecoin reached its all-time high of $0.7, which occurred in 2021. On the other hand, it is still a significant distance from its beginning point in the early part of 2021, when it traded for around $0.0018. Within the course of two months, the price has increased by almost thirty percent, which places it on a positive trajectory. The current value of $0.096 at the time of this writing is likewise approximately thirty percent.
Dogecoin, on the other hand, has not yet made the type of move that would satisfy investors who have patiently waited for it to fall to even fifty percent below its all-time high price, exactly like Bitcoin has done. It is possible that a quick increase similar to the one that was observed in 2021 would occur in this scenario.
Currently, if the sort of single-day movement that occurred on April 16, 2021 were to occur again, DOGE would undoubtedly become one of the most successful gainers in the market. A rise of 170% from this point would bring the price of the meme coin to around $0.25 at its highest point.
Previous to the catastrophic cryptocurrency market crash that was caused by the collapse of FTX, the price of Dogecoin reached its highest point in November 2022. This was the last time it reached this level. On the other hand, this move is not completely out of the question for DOGE, especially considering the fact that there are a number of important events that are coming up.
The factors that might cause Dogecoin to launch a rally comparable to the one that occurred in the previous few months are taking place at the end of the year and the beginning of 2024, according to the changes that have taken place over the last few months. It is anticipated that the Astrobotic Moon mission will get underway on December 24, 2023. This is the first of these two missions.
In addition, the Dogecoin community had submitted a proposal to have an actual DOGE currency sent to the moon. Astrobotic had opened up spaces for anyone to purchase goods that would be put to the Rocket and launched to the moon. The decision to launch the space mission, which has been in the works for many years, has at long last been made official. In light of the growing enthusiasm around this launch, it is without a doubt anticipated that the price of DOGE would increase.
The DOGE-1 satellite mission developed by Geometry Energy is the second event that has a great deal of potential for the cryptocurrency known as Dogecoin. NTIA, which stands for the National Telecommunications and Information Administration, has just lately given its blessing to the project. SpaceX, which is owned by Elon Musk, will launch DOGE-1 into lunar orbit in January 2024. This will be the first space mission that is totally supported by DOGE's cryptocurrency. In addition, the satellite will be accepting advertisements, all of which will be paid for in DOGE currencies.
Both of these events are getting closer, which means that the bullish argument for $DOGE is getting stronger. If all goes according to plan, it is anticipated that the price of DOGE will have increased by a factor of two by the time January 2024 arrives.
#DOGE #DOGE-1 #DogecoinUpdate