Dogecoin Value Outperforms Shiba Inu, Pepe, Dogwifhat and Different Prime Meme Cash

The meme coin frenzy that was booming in late February and early March has cooled off lately amid a broader crypto market correction. Nonetheless, this week, we now have a transparent winner amongst meme cash, and that’s the meme coin king – Dogecoin (DOGE).

Dogecoin has outperformed all different main meme cash, equivalent to SHIB, WIF, BONK, PEPE, and FLOKI, this week. DOGE is up 19%, whereas SHIB has gained 11%, PEPE 6%, WIF 4.9%, and FLOKI 15%. Then again, BONK has truly declined by 12%.

Prime meme cash this week through CoinMarketCap

Dogecoin Value Prediction & Evaluation

At press time DOGE is buying and selling round $0.17. On the DOGE/USDT chart, we are able to see that DOGE broke out of the sideways channel in late February and started its pump from the $0.09 ranges to $0.20.

Previous to this week’s pump, the Dogecoin worth skilled a retracement from its earlier highs, dipping to the $0.14 space earlier than regaining momentum and surging to present ranges.

Dogecoin worth chart – each day timeframe

So, breaking the $0.20 degree is the following logical goal that might be predicted for the DOGE worth.

The Relative Energy Index (RSI) is presently at 59, indicating that the asset will not be but overbought and has room for additional upside.

Moreover, the Shifting Common Convergence Divergence (MACD) line remains to be beneath the MACD sign line. Nonetheless, based mostly on the chart’s bullish development, the MACD line can quickly cross above the MACD sign line, which is usually a robust purchase sign.

Wanting forward, if Dogecoin can maintain its bullish momentum and break via the essential $0.20 resistance degree, it may pave the best way for additional upside. The subsequent main goal for DOGE bulls would probably be the $0.25-$0.30 vary, which represents a robust psychological barrier and a degree not seen since 2021 bull run.

Nonetheless, any potential setbacks, market crashes, or profit-taking may see DOGE retrace to its help round $0.14-$0.15 within the quick time period.

Shiba Inu and FLOKI are likely to Observe DOGE

The surge in Dogecoin’s worth has caught the eye of SHIB KNIGHT, a famend meme coin analyst boasting over 400ok followers on the social media platform X, previously referred to as Twitter. In response to SHIB KNIGHT’s observations, Dogecoin’s 16% acquire on the day signifies the return of the “canines” within the crypto market.

SHIB KNIGHT believes that the performances of meme cash like Shiba Inu (SHIB) and Floki Inu (FLOKI) are prone to observe go well with, as they have an inclination to expertise extra substantial rallies when Dogecoin pumps. The analyst additionally highlighted Floki Inu’s potential, stating that it “is wanting good with the discharge of its new roadmap yesterday.”

$DOGE is up 16% right now 👀️️🔥️️️️
The canines are backing and it is just a matter of time earlier than $SHIB and $FLOKI follows, as they have an inclination to observe #doge and transfer tougher when it rallies.#FLOKI is wanting good with the discharge of its new roadmap yesterday. https://t.co/KAxutYrgbl pic.twitter.com/eMQ54HuYAI
— $SHIB KNIGHT (@army_shiba) March 23, 2024

This take means that SHIB and FLOKI are likely to observe DOGE’s pumps, so merchants ought to most likely hold this in thoughts within the upcoming days and weeks.

Greatest Meme Cash to Purchase Now

SMOG is a dragon-themed meme coin that has quickly gained recognition within the crypto market because of its fascinating narrative, viral airdrops, multi-chain infrastructure, and community-building initiatives.

Dogecoin20 is a brand new meme coin that goals to supply an improved model of Dogecoin by combining meme tradition with staking rewards. It has raised $7 million in presale already, with a give attention to passive rewards for traders who stake DOGE20 tokens.

SpongeV2 is an upgraded model of the unique Sponge meme coin, aiming to construct on the success of its predecessor. It introduces a “Stake-to-Bridge” setup that hyperlinks it to the unique SPONGE ecosystem.

All in all, the meme coin mania has cooled off this week, however Dogecoin has emerged because the clear winner this week, outperforming different main meme cash. With its sturdy momentum and bullish technical indicators, an optimistic Dogecoin worth prediction might be that its rally continues past $0.25, probably additionally influencing the efficiency of different meme cash like SHIB, FLOKI, and others.

Moreover, new meme coin tasks like SMOG, Dogecoin20, and SpongeV2 are nonetheless in early phases, however these memes provide fascinating narratives and utilities which makes them probably the greatest meme cash to put money into now.