Department of Government Efficiency Token (Doge) Up 66% | Today's Notable Meme Coins

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Meme coins did not have a favorable day today, with their total value decreasing by 4.7% to $74.9 billion. However, a small market cap token, Department of Government Efficiency (DOGE), emerged as a leader, increasing by 66%.

BeInCrypto further analyzed two other meme coins following DOGE, making them important tokens to watch.

Mog Coin (MOG)

  • Launch Date – 07/2023
  • Total Circulating Supply – 390.56 trillion MOG
  • Max Supply – 420.69 trillion MOG
  • Fully Diluted Valuation (FDV) – $440.59 million
  • Contract Address – 0xaaee1a9723aadb7afa2810263653a34ba2c21c7a

MOG's price increased 13% in the past 24 hours, challenging resistance at $0.000001214. This barrier has limited MOG's growth throughout the week, keeping this meme coin in an accumulation state despite recent gains.

The broader market's upward momentum could support MOG as it approaches the end of the Death Cross. A 50-day EMA crossing above the 200-day EMA would confirm positive momentum, supporting a break of $0.000001214 and pushing MOG to $0.000001405.

MOG price analysis.MOG price analysis. Source: TradingView

However, selling pressure could derail MOG's upward trend. If the meme coin fails to hold, it could drop to support levels at $0.000000939 or lower to $0.000000753, negating the upward prospect and erasing recent gains.

Ket (KET)

  • Launch Date – 01/2025
  • Total Circulating Supply – 1 billion KET
  • Max Supply – 1 billion KET
  • Fully Diluted Valuation (FDV) – $432.19 million
  • Contract Address – 0xffff003a6bad9b743d658048742935fffe2b6ed7

KET's price increased 50% over nine days, reaching $0.43. This month-and-a-half-long upward trend has helped this meme coin recover most of its February losses, signaling investor confidence in its recovery potential.

To fully recover February's losses, KET needs to rise to $0.50. Maintaining this resistance would confirm the continuation of the current upward trend.

KET price analysis.KET price analysis. Source: GeckoTerminal

However, if it fails to maintain support at $0.42, KET could drop to $0.34. This decline would erase recent gains and challenge the token's upward prospects.

Small Market Cap Segment – Department of Government Efficiency (DOGE)

  • Launch Date – 08/2024
  • Total Circulating Supply – 979.12 million DOGE
  • Max Supply – 1 billion DOGE
  • Fully Diluted Valuation (FDV) – $38.72 million
  • Contract Address – 0x1121acc14c63f3c872bfca497d10926a6098aac5

DOGE's price increased 66% in a day, reaching $0.0392 and becoming the best-performing meme coin. This surge helped recover March losses, signaling new investor interest and market momentum for DOGE.

New investors have strengthened the meme coin community, with Holderscan reporting 33,657 total holders. However, data from Nansen shows that $453,000 worth of DOGE was sold on exchanges in the past 24 hours, indicating mixed market signals for DOGE.

DOGE price analysis.DOGE price analysis. Source: TradingView

If the price increase is maintained, DOGE could rise to $0.0753 by holding support at $0.0416. If this level is not maintained, the price could drop to $0.0213, invalidating the upward price prospect.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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