The post Meme Coin Predictions: PEPE and DOGE Price on the Verge of Market Surge appeared first on Coinpedia Fintech News
Renowned crypto analyst Kaleo has recently offered insights into the future trajectories of two prominent meme-inspired cryptocurrencies, Pepe (PEPE) and Dogecoin (DOGE).
PEPE Price to Spike in Coming Days
Kaleo, a respected pseudonymous analyst, predicts that Pepe (PEPE), often considered in competition with Dogecoin, could be on the brink of a substantial upswing. Despite PEPE’s current market cap of $436,489,260, which has witnessed a 74% decrease since its inception, Kaleo suggests the possibility of a parabolic rally, potentially reaching levels last observed in May of this year.
However, concerns loom over how PEPE might react to an ensuing cooling phase following significant gains. While some anticipate a bull rally by mid-September, skeptics remain wary of the prediction of a 30x increase.
Concurrently, Santiments, a data analytics platform, notes certain meme-coins like PEPE & Doge experiencing recent market cap growth. While Bitcoin’s price stays stagnant at $29.6K, $PEPE is rising in market cap by 17% in the last 7 days, along with other altcoins including Doge. However, as the distribution market cycle persists, crypto assets beyond the top 20 are generally seeing declines.
While he is manifesting that PEPE’s price trajectory proposes a brief downward movement before a potential surge, possibly involving a retest of high-timeframe diagonal resistance as a form of support. His chart indicates a possible dip to around $0.0000011 before a subsequent rise to approximately $0.0000019.
DOGE Price Outlook
Shifting focus to Dogecoin (DOGE), Kaleo predicts that DOGE will outperform Bitcoin (DOGE/BTC) in the near future. Kaleo’s chart points towards a potential surge beyond 0.000004 BTC ($0.12) by the close of the month. Currently, the trading level stands at 0.00000259 BTC, roughly equivalent to $0.076.
As the crypto market continues its dynamic evolution, Kaleo’s insights provide valuable perspectives on potential trends for these meme-inspired digital assets. It’s crucial to remember that such forecasts are speculative and should be cautiously approached.
In a related context, social engagement around Dogecoin (DOGE) has notably increased, with 64.66 million social engagements registered today, marking a substantial rise of 73.43%. This surge in social interactions indicates heightened community activity and interest in DOGE’s developments.
So what are you manifesting in the meme season? While Pepe is showing positive indicators, Doge is also keeping the community alive with the potential to beat Bitcoin. Overall it will be interesting to see who goes ahead in the meme rally.