📊 BTC Dominance Weekly Chart: What's Next?
#BTCdominance is currently at 58.40%, with a critical resistance at 58.90%. Do you think we'll see a breakout to 62%, or could it reverse and drop towards the 53.48% support level?
Which way are you leaning? 🚀📉

#Note #Doge #SUi
$BTC

The world of crypto is a constantly evolving domain, frequently bringing forth new coins to the marketplace. Meme-based cryptos have witnessed a substantial surge in popularity, thanks to their close ties with memes and the prevailing social media trends. Despite their volatile nature, meme coins have managed to capture the interest of crypto investors. For those who are open to embracing risk, here is a list of noteworthy meme coins currently accessible in the market. 
Introduction to Meme Coins
Meme coins, a unique crypto category, take inspiration from internet memes and social media trends. Their primary significance is rooted in their association with meme culture, rather than possessing inherent value or a specific purpose. These coins are notably prone to price fluctuations and have experienced a substantial increase in popularity in recent times, primarily driven by their alignment with viral internet memes and influential figures like Elon Musk, whose tweets consistently impact their market capitalization.
Top 5 Meme Coins of 2024

Dogecoin
In 2013, Dogecoin emerged as a crypto, playfully paying homage to the renowned internet meme featuring a Shiba Inu dog. Differing from Bitcoin’s finite supply, Dogecoin does not have a limit on the number of coins that can be generated. It employs a proof-of-work consensus algorithm, where miners utilise computational power to solve intricate mathematical problems, validating transactions and earning Dogecoin rewards. While Dogecoin gained popularity in early 2021 due to endorsements from celebrities like Elon Musk, its value has exhibited high volatility. Primarily utilised for online tipping and microtransactions, Dogecoin can also be exchanged for other cryptos or traditional fiat currency.
Shiba Inu
Introduced in August 2020 as a direct rival to Dogecoin, Shiba Inu (SHIB) is a crypto operating on the Ethereum blockchain. Utilising a proof-of-stake consensus algorithm, SHIB selects validators based on the quantity of SHIB tokens they possess, rather than computing power. An individual or group known as “Ryoshi” anonymously created this asset, aiming to establish a decentralised community of SHIB holders capable of exchanging tokens and participating in governance decisions. Its value has displayed remarkable volatility, with the primary usage revolving around speculative trading rather than acting as a payment method.
Pepe Coin
Pepe Coin is a recently introduced crypto that derives inspiration from the well-known “Pepe the Frog” meme. This project boasts a circulating supply of 420 trillion tokens, with more than 90% securely locked in liquidity pools. Since its inception, Pepe Coin has witnessed a noteworthy upsurge in market capitalization. While investing in meme coins entails considerable risk, Pepe Coin stands out as a token that has garnered substantial popularity.
Floki
Floki Inu is a meme coin centred around a dog theme, self-proclaiming itself as “a movement.” It draws inspiration from Elon Musk’s Shiba Inu dog and has established a community referred to as the “Floki Vikings.” Within its extensive ecosystem, Floki Inu offers several captivating elements. Notably, there is “Valhalla,” an immersive metaverse game where participants can generate FLOKI tokens by creating avatars. Additionally, FlokiFi, the ecosystem’s native DEX, stands out as a remarkable feature, facilitating staking, swapping, and yield farming activities.
Bonk
Bonk token is the first dog-themed token made on the Solana blockchain. Launched on 25th December 2022, it led to a rise in the value of the SOL token (a rise of 34% in 48 hours). This meme coin started trading on 30th December arousing genuine interest from the crypto community. The main goal of this token is to bring back liquidity to Solana-based decentralised exchanges (DEXs). It is developed with the idea of a full-fledged community coin that can be traded on all dApps built on Solana.

Conclusion
The realm of meme coins presents considerable risks, largely due to their ties to hype, social media, and inherent volatility. As of 2024, meme coins like Dogecoin, Shiba Inu, Pepe, Floki, and Bonk have gained prominence, drawing interest from dedicated communities. Nevertheless, it remains imperative to conduct comprehensive research and grasp the possible risks and rewards before making any investment choices related to meme coins.

#Doge #bonk #floki #pepe #MemeCoinTrending $SHIB $FLOKI $PEPE

Dogecoin (DOGE) is once again capturing attention, trading at $0.1253 on October 16, up 9.20% in the last 24 hours, and surging 14.65% over the past week. 
Its market cap climbed from $16.8 billion to $18.8 billion, with trading volume soaring by 96.85% to $2.03 billion in a single day. as per the latest data retrieved by Finbold from CoinMarketCap.

Dogecoin market cap on the 1-day chart. Source: CoinMarketCap
Moreover, DOGE leads the pack in the top 100 digital assets by market capitalization over the past day, triggering fresh speculation about where the meme coin could head next.
Ali Martinez, a technical and on-chain analyst, has stirred up excitement with his bold post. 

But not everyone is jumping on the $10 bandwagon. A more cautious retail trader responded, 
“As a Dogecoin holder, I would love your chart, but as a realist trader, your target is impossible. Many trillions of dollars and many halvings are needed to achieve it.”
While optimism runs high, some traders remain grounded in the realities of market mechanics and Dogecoin’s vast supply.

Musk, Tesla, and DOGE
While Dogecoin’s sudden rally has intrigued analysts, trader Bluntz Capital pointed to something potentially brewing behind the scenes:
“$DOGE going mental today while all the other memes have been sliding. Something’s cooking, and I can’t help but feel it’s something Elon-related.” 

With Tesla recently moving $740 million in Bitcoin, speculation is swirling in the DOGE space that Elon Musk—Dogecoin’s most influential supporter—could be involved in pushing the coin’s rally. Musk’s past tweets and influence have often sent Dogecoin’s price soaring.
Could DOGE break out again?
Looking beyond the rumors, technical analysis provides some context for Dogecoin’s recent performance.
Earlier this month, Martinez identified a multi-year descending triangle formation for DOGE, a pattern that historically precedes significant price surges. The chart highlighted how, after breaking out of downward trends, Dogecoin has repeatedly seen sharp gains, followed by corrections before longer-term rallies.
Martinez pointed to a 65% pullback in recent months that mirrors past patterns. After a similar pullback in the past, Dogecoin surged by 200% before correcting by 60%. If history repeats itself, Dogecoin could be on the verge of another substantial rally, especially as it continues to outperform its meme coin peers.

Can Dogecoin really hit $10?
Despite the optimism, hitting the $10 mark remains highly unlikely according to most analysts. Dogecoin’s all-time high of $0.73, reached in May 2021, coincided with a market cap of $88.80 billion. 
To reach $10, Dogecoin’s market cap would need to skyrocket into the trillions, a feat that seems out of reach given current market conditions. With a circulating supply of over 146 billion DOGE, the inflationary nature of the coin further dampens the likelihood of it ever reaching such heights.
For now, $10 remains a dream rather than a probability, driven more by hype than by fundamentals.
Finbold’s verdict
DOGE is currently trading above its 200-day simple moving average, showing bullish momentum. 
Out of the last 30 days, Dogecoin has posted gains on 17 of them, indicating strong market support. However, the resistance at $0.13 and $0.15 in the coming week will be pivotal in determining whether the meme coin can sustain its rally.
With Dogecoin’s history of volatility and its heavy reliance on social media hype, we caution against getting swept up in the speculative frenzy. 
While some bullish indicators suggest further gains could be on the horizon, the notion of a $10 Dogecoin is still far-fetched, given the coin’s inflationary supply and the market dynamics required to sustain such a price.

#Doge $DOGE