- Memecoins such as DOGE, SHIB, and PEPE are expected to rise sharply in October.
- Shiba Inus may experience a "Pumptober" craze, with the potential to reach its peak in March.
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The cryptocurrency market is currently stable, with Bitcoin prices remaining strong at around $63,000. A big bull run is expected in October. By then, memecoin may be one of the most noteworthy hot currencies, which may bring huge returns.
After hitting a high of $74,000 in March, Bitcoin and many Altcoin have fallen sharply, with memecoins falling by 50% to 80%. Many analysts believe that now is the best time to invest in top memecoins before the upcoming memecoin season begins.
PEPE: The frog that captured people's hearts
Pepe is a quirky frog-themed meme coin that has been gaining attention in the cryptocurrency world lately. At its peak, Pepe’s market cap was over $5.83 billion, showing its popularity. Currently, Pepecoin is trending upward, suggesting that it could see a big breakout soon.
After a long period of stagnation, the coin has surged 15.95% in the last week alone. This significant growth shows that investors are reinvesting in the coin, rekindling interest and confidence in its potential.
Even more exciting is that if Bitcoin hits $350,000, Pepe’s market cap could soar to a staggering $15 billion.
Shiba Inu: Memecoin on the move
Often referred to as the Dogecoin killer, Shiba Inu (SHIB) surged 144% to $0.0000307 during Bitcoin’s all-time high in March. However, it has since fallen 47% and currently trades at around $0.00001641.
Shiba Inu has been relatively stable in September with only minor price fluctuations as we head into October. But many believe that the upcoming “Pumptober” effect could be just what SHIB needs to reach its March highs.
Dogecoin: The Original Memecoin Currency
Dogecoin (DOGE) is one of the most popular memecoins in the cryptocurrency space and its value continues to rise, attracting interest from major exchanges. Although 2024 has been a tough year for Dogecoin, it has gained some attention after Elon Musk mentioned it.
This caused a brief spike in price, but it subsequently fell back to a trading range of $0.10 to $0.108. Currently, Dogecoin is priced at $0.1138, reflecting a 5% gain over the past 24 hours.
WIF: The Meme Coin That’s About to Soar!
Dogwifhat (WIF) is a fun dog-themed meme coin on the Solana blockchain, inspired by the popular Dogwifhat meme. After a six-month long decline, Dogwifhat appears to be breaking out of its downtrend.
The price of WIF plummeted from $4.86 to a low of $1.08, a drop of 77%. However, if the buying continues, Dogwifhat could rise by 50% to a target of $2.89.
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