Leading meme coins are expected to overtake Dogecoin in popularity and value.
The meme coin market, currently valued at $60.8 billion, has seen a 16% drop. As signs of recovery emerge in the cryptocurrency space, attention is shifting to meme coins like Floki, Shiba Inu, and Pepe, which analysts believe could surpass Dogecoin’s dominance.
Dogecoin, still Elon Musk’s favored cryptocurrency, may see significant gains if Donald Trump is re-elected, with Musk potentially leading a government efficiency commission. Dogecoin is currently priced at $0.1442, reflecting a 4.5% gain, and its daily trading volume has surged by 73% to $1.42 billion. However, it remains 80% below its all-time high (ATH).
Floki: Positioned as a major player in the next bull run, Floki is trading at $0.0001321, a 0.91% decrease over the last 24 hours, and currently 60% below its ATH.
Shiba Inu: SHIB is trading at $0.00001689, with a slight 0.70% drop in the last 24 hours. Despite the downturn, analysts expect positive movement in the upcoming bull cycle, though SHIB is still down 80% from its ATH.
Pepe: The frog-themed meme coin, gaining analyst interest, trades at $0.000008848 with a 2.94% decrease over the last 24 hours and remains 48% below its ATH.
With volatility in the meme coin market, these assets are poised for a potential reversal as the anticipated bull run approaches, despite current market challenges.
