Memecoins, such as Dogecoin (DOGE), Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), etc., had a particularly bullish few days, with many witnessing double-digit rallies. Investor confidence may have increased after Bitcoin (BTC) breached the $66,000 level last week.
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Dogecoin To Dip, And A Pepe Rally?
Dogecoin (DOGE), the original meme coin, is up 13.8% in the weekly charts, 20% in the 14-day charts, and 21.3% over the previous week. The dog-themed crypto has also increased by 98.7% since September 2023.
Like DOGE, PEPE has also witnessed a sharp rally over the last few days. The asset is up 0.1% in the daily charts, 36.5% in the weekly charts, 52.7% in the 14-day charts, and 45.2% over the last month. The frog-motif meme coin is also among the best-performing assets of the previous year, rallying 1324.5% since September 2023.
Pepe To Hit A New All-Time High
PEPE is currently down by nearly 35% from its all-time high of $0.00001717, which it attained in May of this year. On the other hand, Dogecoin (DOGE) is down by 83.2% from its all-time high of $0.7316, which it attained in May 2021, more than three years ago.
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According to the analysts at CoinCodex, the meme coin will continue its rally over the next few weeks, hitting a new all-time high in October. The platform anticipates the asset to hit a high of $0.00003817 on Oct. 28, 2024. Hitting $0.00003817 from current prices will entail a rally of about 241.41%.
Dogecoin Predicted To Dip?
While PEPE may hit a new all-time high in October, DOGE may be heading for the other way around. CoinCodex analysts anticipate DOGE’s price will dip in October. The platform predicts DOGE will fall to $0.106249 on October 28, 2024. The price decline represents a fall of about 13.5% from current levels
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