Getting straight to the point! Recently, many fans have asked: Among DOGE, PEPE, and SHIB, which of these three meme coins can double in the short term? Below, we will break it down from three dimensions: market performance, technical aspects, potential, and risks.
DOGE (Dogecoin): A classic asset, stable yet explosive
Market Position: As the pioneer of meme coins, relying on over 8 million Reddit subscribers and an average of 500,000 discussions per day on the #DogeArmy topic, the community has a solid foundation. Elon Musk's continued support (such as Tesla's brief acceptance of DOGE payments) further strengthens its attribute as a 'bull market barometer.'
Recent performance: Since June, it has shown a step-like rise, from 0.18 USD to 0.28 USD on July 15, fluctuating in the range of 0.22-0.25 USD in August. In September, driven by the market, the average daily trading volume increased to 8.5 billion USD (a 30% increase compared to August), and the current price is stable at 0.27 USD.
Technical signals: The 8-hour chart has returned to the rising trend line, the random RSI rebounded from the oversold area to 55, indicating sufficient short-term bullish momentum. The weekly MACD green bars are elongated, approaching the 0.618 Fibonacci level of 0.48 USD, with a clear upward trend.
Doubling potential: After breaking the resistance level of 0.36 USD (a dense area of trapped positions in November 2024), it is expected to hit 0.5 USD (an increase of 119%). If it breaks last year's high of 0.38 USD, the increase for the year could reach 171%, expected to be clear in 1-2 months.
Risk points: Highly sensitive to Musk's comments (a single tweet on September 2 caused DOGE to drop 4.2% in one day), and closely linked to Bitcoin, so be alert to the risk of market pullbacks.
PEPE: Strong short-term explosive power, community momentum leads the way.
Market position: A representative of Ethereum-based Meme coins, with a market value of 450 million backed by 1.2 million holding addresses (150,000 added in 30 days). The #PepeCoin topic is mentioned 300,000 times daily, far surpassing SHIB and BONK, and speculative fund attention continues to rise.
Recent performance: The average daily trading volume in the first week of September was 1.4-1.7 billion USD (only 800 million to 1 billion in August). 8 new whale addresses holding over 10 billion PEPE account for 35% of the circulation, showing clear signs of large funds entering the market. The current price is 0.0000118 USD, approaching a key resistance level.
Technical signals: An ascending triangle has formed since mid-August, with a solid support at the lower track of 0.000011 USD. RSI at 55 is not overbought, and the MACD line is approaching the zero line, with green bars continuing to grow, indicating bullish momentum is building.
Doubling potential: After breaking the resistance of 0.000014 USD, it is expected to reach 0.000022 USD within 2-3 weeks (an increase of 98%). If sentiment heats up to the peak of 0.00002653 USD in December 2024, the increase for the year will exceed 138%.
Risk points: On September 4, the daily volatility reached 18%, indicating significant high volatility. If it breaks the support at 0.00001122 USD, it may pull back to 0.00000986 USD, and the lower track of the triangle needs to be closely monitored for defense.
SHIB: Quiet for a long time, lacking upward catalysts.
Market position: Once created a myth of hundreds of thousands of times increase, but the circulation of 589 trillion severely suppresses the price. The progress of the Shibarium Layer2 launched in 2024 is slow, and community activity has plummeted (less than 500 messages per day on Discord).
Recent performance: The current price is 0.0000123 USD, slightly down 4% compared to early August, with an average daily trading volume of only 350 million USD in the first week of September. New addresses have only added 12,000 in 30 days (a 40% year-on-year decrease), and market attention continues to wane.
Technical signals: The monthly volatility is only 8%, and the weekly line fluctuates narrowly between 0.000011-0.000013 USD, with support and resistance levels unclear, lacking a definite trend.
Doubling potential: The huge circulation leads to poor price elasticity, and without a super bull market to drive it, the possibility of doubling in the short term is almost nonexistent, and the timing is completely unpredictable.
Risk points: The top 10 addresses hold 45% of the circulation, posing a risk of large holders dumping; the triangular flag pattern has persisted for 3 months, and failure could trigger a pullback to 0.00001 USD.
Conclusion: Look at PEPE in the short term, choose DOGE in the long term, and temporarily avoid SHIB.
Short-term speculation: PEPE community is active, and the trading volume has expanded. After breaking through resistance, the shortest doubling window is 2-3 weeks, with a 25% increase in the past 30 days, already leading its peers.
Long-term configuration: DOGE has the best liquidity (11 billion market value), strong community stickiness, suitable for holding for more than 6 months, as the “ballast” of the Meme coin portfolio.
Risk warning: SHIB has only increased by 5% in the past 6 months, with no highlights in technical and fundamental aspects. The risk-reward ratio is imbalanced, and it is recommended to wait and see.
Final reminder: The essence of Meme coins is an “emotional game,” with extremely fast ups and downs. The position of a single coin must be controlled within 5% of the total funds, while also being wary of tightening regulations in multiple countries (such as the recent strengthening of Meme coin trading surveillance by the EU) that may bring policy risks.
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