Among the popular and widely spread meme coins, "Dogecoin" and "Shiba Inu" stand out as the most prominent examples. Here are the latest updates on each:
๐ถ Dogecoin (DOGE)
Current price: approximately $0.2171, with a market value of around $32.45 billion.
Technical analysis: The Relative Strength Index (RSI) shows a reading of 55, indicating potential upward momentum. If the price remains above the 200-day exponential moving average (around $0.21), it could rise by up to 17% to reach $0.26.
Future predictions: Price forecasts for Dogecoin in 2025 range between $0.20 and $1.18, depending on factors such as influencer support and rising demand.
๐ Shiba Inu (SHIB)
Current price: trading at approximately $0.0000145.
Technical analysis: After testing the 50-day exponential moving average at $0.0000141, the price showed a slight recovery. If this support holds, the price could rise by 14% to reach $0.0000167.
Overall performance: Despite a decline of 3.22% over the past week, the coin showed a gain of 5.05% over the last month.
๐ Overview of the meme coin market
Data shows that the total market cap of meme coins has reached $60 billion, reflecting increasing interest from investors.