Both meme coins Pepe (PEPE) and Shiba Inu (SHIB) have experienced significant losses of over 20% in the past week, with PEPE dropping 22% and SHIB falling 21.6%, possibly due to the troubled launch of the Shiba network's layer-2 blockchain, Shibarium. Additionally, Bitcoin and Ethereum have also seen declines after news of Evergrande's bankruptcy filing.
Dogecoin could reach $0.10 or even $0.20 in the next crypto bull market, with experts providing varying predictions for the end of 2023 and 2025.
Dogecoin's all-time high price and market cap have decreased, and it requires increased demand to reach previous prices due to its supply inflation model, although current prices offer potential gains for investors. The possibility of Dogecoin reaching its all-time high market cap depends on factors such as development, news, sentiment, and demand. Dogecoin and Litecoin utilize merged mining, which contributes to the correlation of their metrics.
Crypto trader Altcoin Sherpa suggests that the memecoin Pepe is a better investment than Dogecoin due to its promising price action and lower market cap. He predicts that Dogecoin could experience a significant drop of up to 21% from its current level.
The price of the memecoin Pepe has dropped by 15% after developers sent a significant amount of tokens to exchanges, sparking concerns of a "rug pull" and leading to a change in the team's multisig wallet.
Pepe (PEPE), a popular meme coin, is facing allegations of suspicious movements in contract addresses and a potential rug pull, causing panic among community members and a significant decline in price.
PepeCoin (PEPE) experienced a significant drop in value after millions of dollars worth of the token were transferred from the team's wallet to exchanges, raising concerns and triggering panic selling among investors.
Altcoin Pepe has seen a significant drop against Bitcoin, leading crypto strategist Credible Crypto to warn of potential similar price declines for other altcoins, while also predicting a rise in Bitcoin's dominance in the market.
Shiba Inu (SHIB) is at a critical point, with its current price level representing a key resistance that could determine its short-term future, while PEPE faces challenges after a significant sell-off by developers and Litecoin's hype appears to be over following a sharp decline in price post-halving.
On-chain analyst Yazan reveals that insider selling of PEPE holdings has begun, with around 400 billion PEPE sold, in line with Pauly's exposure of Pepecoin team members; Yazan urges crypto exchanges to implement measures to prevent insider transactions. Pepecoin's price has dropped 15% due to team selloffs, leading to negative sentiment within the community.
Crypto trader Altcoin Sherpa warns that Dogecoin (DOGE) and Shiba Inu (SHIB) could experience significant corrections and remain in a bearish pattern as the markets show signs of weakness.
Crypto's biggest memecoin, PEPE, experienced a major setback when 16 trillion tokens worth $16 million were sold by rogue team members, causing a 26% drop in market capitalization, but the remaining founder vows to continue and decentralize the project.
Summary: Meme cryptocurrencies, including Pepe, LUNC, and SHIB, have experienced price corrections but show potential for a rebound with bullish reversals and recovery rallies expected.
Some rogue developers on the Pepecoin team stole millions worth of Pepe coin (PEPE) by transferring tokens out of the project's multisig wallet, leading to a significant drop in the token's value, according to a team member. The project is now under new control, with plans to grow and decentralize in the future. However, analysts have raised concerns about the concentration of tokens in a few hands, posing risks for investors.
The team behind Pepe (PEPE) has issued a statement regarding a large transfer of coins, revealing that all founding members except one have sold their stake and abandoned the project, leading to a heavy price correction and the tokens being sold on crypto exchanges.
The recent stagnation in the price of Dogecoin following the cryptocurrency market crash has led to a decrease in volatility, with potential for a 170% upward move or a 34% drop, depending on whether the price successfully breaks out of its long-term descending triangle formation.
In September 2023, two cryptocurrencies to watch out for are Dogecoin, which could spike in price if Elon Musk's platform enables cryptocurrency transactions, and Shiba Inu, which has the potential to increase in value if its network successfully burns SHIB tokens.
Dogecoin and Shiba Inu show low volatility despite the rebound of the cryptocurrency market, with Dogecoin potentially experiencing a significant price surge, while Everlodge gains attention with its presale momentum and plans to revolutionize the real estate industry.
The decline in the price of Pepe coin is due to a scandal involving the founders, leading investors to consider alternative meme coins like Pikamoon, which is recommended by experts for its potential for portfolio recovery.
Pepe (PEPE) coin faces a scandal and reputation loss after 16 trillion coins worth $16 million were stolen, while Dogecoin (DOGE) shows signs of a bullish run, and whales are investing in Pomerdoge (POMD) due to its growth potential and locked liquidity.
Dogecoin rises in anticipation of Elon Musk's upcoming biography, which reportedly reveals his involvement in the development of the memecoin, while Bitcoin and Ether experience slight declines and market experts predict further drops.
PEPE Coin has outperformed other meme coins, such as Dogecoin and Shiba Inu, in terms of price gains, with a 4% increase in the last 24 hours and a 17% surge in the last seven days, although the exact reason for its sudden surge is unclear.
Meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) are predicted to remain range-bound in the near term with limited upside potential, according to AI model ChatGPT. However, among the two, ChatGPT views DOGE as the safer bet due to its longer history and established user base. On the other hand, a new meme coin called Meme Kombat (MK) is generating attention and is projected to reach a value of $1.00 to $1.50 by the end of 2023, according to ChatGPT.
Dogecoin (DOGE) may enter a bull market if it overcomes two resistance levels, potentially reaching a new all-time high of $1, according to crypto strategist Ali Martinez. However, DOGE must be wary of the $0.0482 support level to avoid a new yearly low. Meanwhile, Martinez also suggests that Bitcoin's bull run will resume if it closes above $28,233, as indicated by the warm supply realized price indicator.
Dogecoin (DOGE) and Shiba Inu (SHIB) have seen a 9% surge in the past 24 hours, potentially due to riskier bets by crypto traders on the heels of bitcoin's outperformance, driven by social media platform X's new video calling feature for premium users.
Pepecoin, a popular memecoin based on the Pepe the Frog meme, has experienced a significant rally, increasing by almost 14% overnight and 90% over the past week, while other memecoins like Dogecoin, Shiba Inu, and FLOKI have also seen notable gains, although they are still far from their all-time highs.
The price of the memecoin Pepe (PEPE) has doubled in a week to a $500 million market cap as traders anticipate a bitcoin spot ETF-induced bull market.
Dogecoin's price has seen a notable increase this week, but it is currently facing strong resistance at the golden ratio level, which could result in a bearish rejection, although a bullish breakout could propel the price higher; other indicators on different timeframes offer mixed insights, and the cryptocurrency's performance against Bitcoin shows potential upward momentum but also signs of a medium-term bearish trend.
Bitcoin analyst Kaleo believes that BTC has decoupled from the stock market and has more potential to rise, with a likely scenario being a move to the next main resistance supply area of $40,000, although he also cautions that a downside crash similar to March 2020 is still a possibility.
