Posted on

Top 5 Meme Coins That Are Outperforming The Altcoin Rally

The altcoin market rally has been the talk of the crypto community lately and it has been with good reason. Amid this rapid rise of cryptocurrencies across the board, meme coins have been doing well. But just like any asset class, there are some that have performed better than others.

CorgiAI (CORGIAI) Leads Meme Coins Gains

CorgiAI (CORGIAI) is an interesting take on the Dog meme coins. But instead of using the widely popular Shiba Inu breed, the project chose the Corgi breed for their purposes and this seems to be working out well. In the last day, CorgiAI has dominated meme coin gains, rising over 56% in this time.

Its figures on the 7-day chart are even more impressive, as data from CoinGecko shows that the asset rose $86.8 in just seven days. CorgiAI is now the 11th-largest meme coin in the space after its market cap crossed $36.29 million.

Bonk (BONK): The Solana Altcoin Making Waves

The Solana native Bonk (BONK) coin is one of the top meme coins after a massive run earlier in 2023. In the current ‘altcoin season’, it has performed very well, rising 29% in one day. Its 7-day gains are the closest to CorgiAI at 76.7%.

On the shorter time frame, ie the 1-hour chart, BONK is actually outperforming the rest of the meme coins. Its price is already up 11.3% in the last hour at the time of this writing. This could suggest a further run in the near future for the meme con.

HarryPotterObamaSonic10Inu (ETH) BITCOIN

This meme coin is an embodiment of the most ridiculous parts of crypto and how anything can surge in the market. The coin which is the combination of popularly recognized names in pop culture, politics, and crypto started rising a few months ago, garnering a healthy following while at it.

It moved rapidly enough that it is now one of the largest meme coins in the space, rising 19% in the last day alone. Despite seeing 2.5% losses on the weekly chart, its market cap is still sitting at $137.76 million, making it the 7th-largest meme coin by market cap.

Dogelon Mars (ELON) Maintains Prominence Among Meme Coins

This meme coin named after two of the most recognizable names when it comes to meme coins (Elon Musk and Dogecoin) has persisted even through the worst bear trends, and now it is continuing to show strength.

Coming just behind HarryPotterObamaSonic10Inu (ETH) BITCOIN, ELON has recorded daily gains of 16.7%, with weekly gains of 14.4%. It currently holds the 8th position among the largest meme coins in the space.

Dogecoin price chart from Tradingview.com (Meme coins)

Memecoin (MEME): New Kid On The Block

Coming in 5th on this list is the newly released Memecoin (MEME). This meme coin was developed by the 9Gag team and initially saw a retracement on its launch gains. However, the tide is starting to turn as MEME’s 24-hour gains rise to 16.4%.

Given that this is a new meme coin, there are currently no weekly figures. However, just like BONK, the meme coin is performing well on the hourly chart after rising 7.6% in the last hour at the time of this writing.

Top Meme Coins Didn’t Make The List

The top meme coins in the space, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), did not make the list of the outperforms. But that does not mean that they have not done well. As data from CoinGecko shows, all three of these cryptocurrencies are up at least 4% in the last day.

DOGE has seen the lowest gains of the trio during this time with gains of 4%. Meanwhile, Shiba Inu is on a higher level with 5.3% gains. PEPE is the best performer so far after rising 13.1% to reclaim the $0.0000013 level.

Posted on

Which Top Meme Coins Have Held Their Value Best Amid The Crypto Market Crash?

The performance of the top meme coins in the space has mostly mirrored the broader market crash triggered by Bitcoin’s decline toward the $25,000 level. However, while all of these digital assets have suffered losses during this time, some have held up better than others, leading to fewer losses on their part compared to their competitors.

Baby Doge Coin (BABYDOGE) Leads Meme Coins

This meme coin has surprisingly seen the best performance following the crash compared to its counterparts. While most top meme tokens have recorded double-digit losses, Baby Doge Coin (BABYDOGE)  managed to keep below the 10% loss level, coming in with only single-digit losses.

As data from the coin tracking website Coinmarketcap shows, BABYDOGE’s price decline over the last weeks came in 5.97%. This is in stark contrast to others that have come in above 10%, making BABYDOGE the meme token that has held its value best through the crash.

Dogelon Mars (ELON) Performs Well

Dogelon Mars (ELON) is another meme coin that has put up a tremendous fight against the bears in the last week. Just like BABYDOGE, the token came in with 10% losses in the last week, although by a much narrower margin.

The meme token is down 7.85% on the weekly chart, showing impressive resistance. And unlike BABYDOGE which is up 0.63% in the last day, Dogelon Mars (ELON) is seeing losses of 3.35% during this time period, putting it on par with other meme tokens struggling on Wednesday.

Dogecoin price chart from Tradingview.com (Meme coin)

Dogecoin (DOGE) Holding Firm

While Dogecoin saw significant losses following the crypto crash last week, the leading meme coin has held its own, with its losses currently falling below 10%. DOGE’s losses on the weekly chart came out to 9.76%, ranking it third when it comes to meme tokens that have held their value.

Following in the same step as BABYDOGE, Dogecoin is starting to see gains on the daily chart. The cryptocurrency is seeing small gains of 0.61% at the time of this writing. Nevertheless, with a market cap of $8.9 billion, it remains the largest meme coin in the industry.

How Other Meme Coins Are Doing

The three meme coins listed above are the only meme tokens that have seen losses below 10%. Others such as  Pepe (PEPE), Shiba Inu (SHIB), FLOKI (FLOKI), and Bone ShibaSwap (BONE) have all performed way worse with losses of 15.71%, 16.23%, 19.12%, and 21.18%, respectively.

However, some of these tokens are beginning to see a light at the end of the tunnel. Out of these, BONE and SHIB seem to be on a reversal trend, recording 2.36% and 3.51% gains, respectively, on the 24-hour chart.

Posted on

Dogecoin (DOGE) Price Is Up 5% On This News

After a tough week for Dogecoin (DOGE) investors, there was at least a small Christmas present from the European crypto exchange Bitstamp yesterday. The fifth-largest exchange by spot trading volume, according to recent data from CoinMarketCap, announced that it will list Dogecoin.

Bitstamp, which is based in Luxembourg, allows trading between fiat currencies and Bitcoin, as well as other cryptocurrencies. As of yesterday, Dogecoin (DOGE) can now be exchanged for euros and USD.

“We’ve launched Dogecoin, the cryptocurrency inspired by the popular Shiba Inu meme, for our customers. Buy and trade DOGE on Bitstamp today!” the exchange wrote.

Dogecoin Price Shows Slight Recovery

Driven by the news, DOGE recorded a slight upward move today, causing the Dogecoin price to rise by 5% temporarily. At press time, DOGE was trading at $0.776. Thus, DOGE had already lost some of its profits again and is only 2% above the previous day’s price as of press time.

The news has also caused Dogecoin to see a brisk increase in 24-hour trading volume. Compared to the previous period, DOGE’s trading volume spiked by 76%, totaling $590 million. Still, the DOGE army has failed to push the price above the key resistance at $0.0791.

A look at the 4-hour chart reveals that the price is still in strong bearish territory. If DOGE fails to break through the aforementioned resistance, a retest of the support at $0.0700 seems likely to happen.

Dogecoin DOGE USD 2022-12-23

A look at the 1-day chart also reveals that Dogecoin has been in a descending trend channel since the beginning of the month. After trading as high as $0.114 on December 5, DOGE is currently trapped in this descending trend. A close significantly above the $0.0776 level would mark a breakout from the trend channel and could bring new hope.

DOGE USD_2022-12-23

As NewsBTC reported, DOGE investors can hope for a positive boost from today’s release of the core Personal Consumption Expenditures Price Index (PCE). If the data comes in significantly below expectations, what seems very like to some analysts, the US dollar could weaken and boost risk assets such as DOGE.

Is The DOGE Community Losing Faith?

The current downward trajectory comes after Dogecoin’s biggest and most influential fan, Elon Musk, has gone relatively quiet. After the Twitter acquisition, Musk was still very active in promoting DOGE. The Tesla CEO hinted several times that Dogecoin could play a role in Twitter’s future path.

However, in the past week, there were two harsh dampers for the DOGE army. On the one hand, a vote ended with Musk stepping down as Twitter CEO in the coming weeks, and on the other, the platform introduced a new chart feature for Bitcoin and Ethereum, but not for the meme coin.

Posted on

Elon Musk Lifts Twitter Ban On Dogecoin Accounts; DOGE Pumps 7% – Here’s What Happend

Amidst all of the hustle and bustle surrounding the reorganization of Twitter and the revelations of the “Twitter Files,” Elon Musk took the time a few hours ago to fix a pressing problem for the Dogecoin community.

In recent days, Musk had declared war on the spam bots on Twitter. In doing so, the algorithm and the Twitter team may have been a bit too harsh.

Musk Stands By For The DOGE Community

Dogecoin founder Billy Markus wrote on Twitter that more than a dozen Dogecoin Twitter accounts were suspended last weekend, even though they were mainly just tweeting DOGE memes. Markus wrote that these accounts were unjustly suspended:

A whole bunch of accounts of people who, as far as I know, generally don’t do anything but tweet memes and positivity are being suspended. Pretty weird man.

Twitter CEO Elon Musk, who through a representative is part of the Dogecoin Foundation’s five-member advisory team alongside Markus and Vitalik Buterin, responded to the tweet within three hours.

Musk wrote that his Twitter team had been a bit too aggressive with the suspension of spam bot accounts. “Team was a bit too intense with spam/bot suspensions. Moving to chill mode,” Musk replied.

Dogecoin founder Markus then confirmed that the accounts have been reactivated “Welcome back Doge accounts. ty @elonmusk,” Markus added.

Remarkably, this wasn’t the only incident where Elon Musk showed his love for Dogecoin over the last weekend. According to Matt Wallace, Elon Musk was spotted on Saturday wearing a black Dogecoin t-shirt, displaying the mascot of DOGE, a Shiba Inu wearing a cowboy hat and sunglasses.

Dogecoin Price Pumps 7% After Musk’s Endorsements

The Dogecoin (DOGE) price initially showed no reaction to Elon Musk’s tweet. This is unusual, as Musk usually triggers a small or large rally with every tweet about the meme coin. However, nothing happened in the first hour after the tweet.

This has changed in the last couple of hours. The DOGE price rose to $0.1118 at one point, recording an increase of around 7.5% within an hour.

However, the FOMO quickly flattened out. DOGE was trading at $0.1076 at press time, still posting a gain of around 4% over the past 24 hours.

The move has bounced off the important $0.11 resistance zone again. For DOGE it is already the fourth rejection within the last month at this mark. The price had fallen below it on November 7.

To initialize a stronger upward movement towards the zone between $0.135 and $0.14, DOGE needs to overcome the key resistance at $0,11 in the 4-hour chart.

Dogecoin DOGE USD 2022-12-05

Dogecoin price rejected at $0,11, 4-hour chart. Source: TradingView
Posted on

Dogecoin Jumps 10% As Gokhshtein Claims Buterin And Musk Will Work Together For DOGE

Crypto influencer David Gokhshtein has told his nearly 700,00 followers on Twitter that he expects Ethereum co-founder Vitalik Buterin and and Elon Musk to join forces to upgrade Dogecoin.

The Dogecoin price, possibly triggered by Gokhshtein’s speculation, saw a massive spike of more than 12% at one point in the aftermath. The price shot up from $0.0823 to as high as $0.0913 on Binance. At press time, however, DOGE was already experiencing a slight correction of the swing and was trading at $0.0882.

Dogecoin DOGE USD 2022-11-25

Dogecoin pumping, 1-hour-chart. Source: TradingView

“I feel that we’ll all seen Vitalik and Elon working together to somehow upgrade DOGE”, Gokhshtein tweeted and added that “they won’t work on Bitcoin — well because Vitalik tried that in the past and was kicked and Elon is interested in turning something that started off as a joke into something serious.”

However, it is important to remark that neither Musk nor Buterin have commented on Gokhshtein tweet.

The crypto-influencer is making a pure speculation, presumably based on previous statements made by both individuals. Musk is known to be one of the biggest, if not the biggest Dogecoin (DOGE) supporter. His tweets have caused massive swings in the DOGE price in the past.

Last but not least, there are rumors and hints – which Musk has never fully dispelled – that Musk himself is the biggest holder of Dogecoin (DOGE).

Deep Dogecoin Ties Between Buterin And Musk

Vitalik Buterin, for his part, has already spoken out several times on the subject of a DOGE upgrade from proof of work to proof of stake.

According to Buterin, Dogecoin has been in consideration for a move to proof-of-stake for some time. Buterin shared this assessment at Mainnet 2022, a crypto conference held Sept. 21-23 in New York.

Back in August 2021, the Dogecoin Foundation announced its re-launch. First established in 2014, the foundation has since been able to count on the support of the Ethereum mastermind.

Buterin joined the board of the newly established Dogecoin Foundation as one of its four-member advisory team. A representative of Elon Musk is also on board.

This is not necessarily surprising given the Tesla CEO’s previous activities regarding Dogecoin. Not least, Musk had called for a drastic reduction in transaction fees on the Dogecoin network, among other things.

Moreover, Buterin has donated large amounts of DOGE to the Dogecoin Foundation several times in the past, the last time in November 2021. A year ago, he donated 20 million DOGE.

So, even though Gokhshtein’s statement is pure speculation, there are indeed some connections between the two personalities that make a joint effort not seem impossible.

Posted on

Dogelon Jumps 6.15% Over The Last 24 Hours – Can ELON Rally Further?

Dogelon Mars (ELON) isn’t just another meme coin. In fact, its crypto team shows off this ERC-20token as a universal currency.

The ELON token has been growing aggressively and has seen a phenomenal growth spurt of 6.15% overnight.

The ELON meme coin currently trades at $0.0000003618. To date, investors are trying to zero in on the Dogelon Mars (ELON) value at the lower price levels as it forms a symmetrical triangle pattern on the current price charts.

As of press time, it looks to form a continuation pattern that could likely invite a breach on the upside.

Dogelon Mars (ELON) follows suit with that of Bitcoin, Ethereum, and other cryptocurrencies in the green as the new meme coin on the block has soared by 62%.

What’s The Dogelon Mars (ELON) Project?

The ELON project is said to have this dream or mission of reversing the damage inflicted by crypto fraud and scams. Evidently, the Dogelon Mars (ELON) community also donates ELON tokens to crypto scam victims.

Dogelon Mars (ELON) is inspired by a comic series NFT character. The dog-themed meme coin that is built on the Ethereum blockchain was introduced in the crypto scene on April 23, 2021, but it exploded in popularity when it had its bull run in November 2021. The crypto team also elaborated on their plans for expanding the ELON project.

Judging by the technical analysis, the ELON meme coin has been gliding with a symmetrical triangle pattern for over 62 days. This is definitely exciting to watch especially as the tension gyrates in between the support and resistance trendlines. In effect, the bulls and bears are in a constant struggle to see where the price leaps next.

Will ELON Make It Or Break It?

So, if the bulls remain consistent with the positive price momentum then we will most likely see a breach that may result in an ELON price surge of 78.6%. The target for this bullish perspective is $0.0000006448.

In contrast, traders should anticipate that they’re bound to face enormous resistance to the ELON meme coin at the $0.000000502 zone which is mainly due to the swing-low depicted from January 22 of this year which has switched into resistance.

Apart from the symmetrical triangle pattern, there is also an appearance of a hammer candle coined as bullish which was seen on a weekly chart.

For most parts, the hammer candle can be spotted at the end of a downward trend. However, the strong buying momentum has caused the ELON meme coin price to soar.

In the event that Dogelon Mars (ELON) coin beaches the resistance level, the price surge will most likely continue.  However, given the influx of macro-economic factors hindering a bull run, it could be a make-it or break-it outcome at this point.

Crypto total market cap at $1.08 trillion on the daily chart | Source: TradingView.com

Featured image from Watcher Guru, chart from TradingView.com

Posted on

Celsius CEO: “Elon Is A Tourist In Crypto”

Celsius CEO Alex Mashinsky sat down live at Miami’s Bitcoin 2021 Conference with Yahoo! Finance for a brief discussion on Celsius, Elon, and more. With a quick question out of the gate around Elon’s latest Twitter chatter, Mashinsky didn’t hesitate to share his opinion.

‘The Crypto Tourist’

“Elon is a tourist in crypto”, Mashinsky stated, adding that “he’s here to collect followers. I don’t think he’s here to make the world a better place, and we can go to where we’re going with Elon or without Elon”.

Bitcoin fell over 5% following Musk’s “break-up” tweet earlier in the day. The tweet follows a ‘bearish behavior’ around bitcoin from the Tesla CEO. Nearly a month ago, Musk cited the use of coal as a major concern leading to his decision to pull the plug on allowing bitcoin as a method of payment for Tesla customers. A number of crypto advocates have grown weary of Musk’s sentiment, with some suggesting that Musk’s intent could be market manipulation.

Mashinsky wasn’t the only crypto advocate sharing this sentiment, either; notorious bitcoin bull Anthony ‘Pomp’ Pompliano said at the conference that “Elon continues to tweet, the price of bitcoin continues to stay lower than it probably should, which gives all of the plebs the opportunity to buy up cheap bitcoin”.

Related Reading | Celsius Network’s CEL Token Now Listed On OKEx

Celsius’ Buzz

Celsius is fresh off of news of surpassing $17B in assets stored on the platform, as well as hitting a new company-high in BTC holdings. The company also recently passed 800,000 retail users. In the interview, Mashinsky cited that banks’ lack of interest rate aggressiveness have been a major factor in Celsius’ success. “You can 9% almost 100 times more than what J.P. Morgan pays you”, Mashinsky said, referencing many stablecoin APYs that are seen in yield-generating markets today. “Celsius is a HODLer’s community”, Mashinsky added.

Celsius has collected over $700M in loan-generated interest from institutions, with roughly 80% being distributed in yield to retail consumers – “that is the real Robinhood”, Mashinsky said.

Elon Musk's tweets have been a source of speculation around bitcoin's recent pullbacks. | Source: BTC-USD on TradingView.com

“The Future Of Finance”

DeFi continues to shake up the scene. When asked about Celsius’ competition, Mashinsky said that the competitive advantage relative to BlockFi and other yield-generating firms came down to being the lone company that has five sources of yield. Part of that yield-generating machine is a $200M investment in mining, powered by green energy, according to a recent news release.

While institutions continue to get involved, retail growth likely looks to continue on to the DeFi scene as well – showing a bright future ahead for Celsius and for the broader yield-generating platforms on the scene.

Related Reading | TA: Bitcoin Faces Another Rejection, Here’s What Could Trigger Nasty Decline

Featured image from Pixabay, Charts from TradingView.com