Dogecoin Takes Lead in Memecoin Market - Will Dogecoin Come Out on Top at Launch?

The dog-themed meme coin has become extremely popular and has a market cap of $45.9 billion. Can Dogeverse join the Dogecoin craze?
According to Coingecko data, Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK) drove the category’s market cap growth.
In this guide, we’ll take a look at the performance of these popular dog-themed meme coins and introduce a new one you might want to add to your portfolio.
Dogecoin (DOGE)
As the earliest meme coin, Dogecoin has a market value of over $22.85 billion, making it the dominant player in the meme coin space. Dogecoin was created to be a fun and lighthearted cryptocurrency, inspired by a dog meme, and designed to appeal to a wider audience beyond Bitcoin enthusiasts.
With the enthusiastic support of Elon Musk, its value has soared in just a few months. Today, the price of Dogecoin has fluctuated significantly and is currently hovering around $0.157. In the past day, it has had a slight 7% decline, in line with the general volatility of the cryptocurrency market.
In recent trading, Dogecoin (DOGE) has shown moderate volatility within a narrow price range, with the price fluctuating between $0.1534 and $0.1699 over the past four hours. The trading volume has increased significantly by 98.41%, indicating very active trading activity.
Market sentiment for Dogecoin appears cautiously optimistic, with traders keeping a close eye on key technical levels, particularly the $0.1740 resistance level and the $0.1532 support level. Investors should keep a close eye on these levels as they could signal the direction of DOGE’s next significant price move.
Shiba Inu (SHIB)
Shiba Inu is another famous dog-inspired memecoin that started out as a fun digital currency. However, its popularity skyrocketed due to strong support from memecoin traders. Many developers got involved and developed it from a simple memecoin to a decentralized ecosystem with Shibarium, an L2 chain.
Now, Shiba Inu is a very popular meme coin with a market cap of $14.04 billion and is growing rapidly. Currently, the price of Shiba Inu is stuck at $0.000023, which is still 73% lower than the $0.00008845 three years ago.
However, the FTX crash caused the value of Shiba Inu to plummet. But with the bull run in early 2024, its price, along with the prices of many other cryptocurrencies, saw a significant increase. During this time, Shiba Inu reached its highest price in three years, reaching $0.00003356.
However, the decline in the market caused the price to drop again. However, with the recent improvement, the price of Shiba Inu has risen and is expected to reach $0.001. Setting a target of $0.001 is ambitious as it is much higher than the previous high of $0.00008845.
That top was the best time for Shiba Inu. Reaching $0.001 is difficult because it is far away from its all-time high. But new updates like SHIB Burn and Shibarium, coupled with the growing demand for memecoins, could increase its value. While $0.001 is ambitious, a big jump could be in the cards as the Bitcoin halving continues to rise.
Bonk (BONK)
Bonk (BONK), a meme coin built on Solana, has attracted attention in the cryptocurrency community as its value continues to rise. Its price has increased by 30% in the past week and 21% in the past month, showing strong momentum.
Solana’s recovery nears an important resistance level, adding to optimism, especially for BONK and other Solana-based memecoins. While coins like WIF and BOME have struggled, BONK stands out in the current cryptocurrency rally.
Despite a slight 6% drop in the past 24 hours, BONK’s price is still $0.00003251, with a 24-hour trading volume of $11.5 billion and a market cap of $2.18 billion. Due to the bullish sentiment towards BONK, many are keeping a close eye on its potential growth.
Although currently below its all-time high price of $0.00004704 on March 5, 2024, experts are optimistic about the future of BONK. Can it maintain this momentum, possibly reaching a new all-time high price of $0.00009930? Given the current memecoin craze, this is uncertain, but the price is expected to rise to this level.
Dog-Themed Meme Coin Dogeverse (DOGEVERSE) Could Be the Next Explosive Coin
The number of memecoins in circulation has surged recently, including those that are not yet in public circulation. As the cryptocurrency market becomes more accepting of memecoins, Dogeverse may see a wave of growth after its full launch, alongside popular choices like Dogecoin (DOGE) and Shiba Inu (SHIB).
Dogeverse (DOGEVERSE) has attracted user interest as the world's first multi-chain meme coin. Its public offering quickly reached its soft cap of $8.8 million and could double in a few weeks, raising $15 million. You can explore the potential future of Dogeverse with our $DOGEVERSE price prediction.
The public offering of Dogeverse may soon reach the hard cap of $17 million, at which point it will end. According to their latest post, the public offering will end on June 3rd at 10 AM UTC, and claims will begin at the same time on June 5th. This is your last chance to join Cosmo's blockchain journey before the official launch.
Get ready to take off with Cosmo!
⏳ # public sale ends on June 3rd at 10am UTC!
Claiming will begin on June 5th at 10am UTC!
This is your last chance to join Cosmo’s blockchain adventure before the official launch!
Don't miss out! Time is running out! …
pic.twitter.com/QwpzWcm947
– DogeVerse (@The_DogeVerse)
May 23, 2024
Expectations for Dogeverse are high, not only because it is a memecoin, but because it is the first multi-chain memecoin. This feature allows users to choose their preferred chain to claim tokens. Transferring funds between chains will become seamless, no longer relying on stablecoins or purchasing local cryptocurrencies.
Dogeverse will run on six chains simultaneously: Ethereum, Polygon, Solana, Base, Avalanche, and BNB Chain. Although the public offering is nearing its end, DOGEVERSE is still available for purchase at $0.00031, accepting ETH, USDT, BNB, MATIC, AVAX, BASE, and SOL. Alternatively, potential investors can visit our guide to learn how to buy Dogeverse tokens.
Another benefit for holders is the ability to stake Dogeverse through a dedicated app to earn passive income at an astonishing 51% annualized rate of return. To ensure the integrity of the project, blockchain security expert Coinsult conducted a contract audit on this new memecoin.
To participate in the public offering of $DOGEVERSE tokens, visit thedogeverse.com.
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