Dogecoin (DOGE) bulls are eyeing a potential charge as high as $10 in the upcoming bull market, and hype is spreading to other new meme coins. One exciting new project raised a whopping $22.8 million from early investors.
X user DogeGuy published a chart over the weekend where he opined that DOGE could reach $9-10 in an optimistic scenario.
Similarly, another user called Dima James Potts shared a bullish technical analysis where he predicted a push towards $10 is possible in 2025.
However, reaching a price of $10 would require 65x gains from Dogecoin’s current levels around $0.1524, taking its market cap to close to $1.5 trillion.
That’s above Bitcoin’s current market cap of $1.36 trillion, per the latest data from CoinMarketCap.
Well-established meme coins like Dogecoin are unlikely to post 65x gains, which is a feat only a new meme coin starting off from a low market cap is likely to achieve.
How High Could Dogecoin Go?
But that isn’t to say Dogecoin can’t rally substantially from current levels.
If major corporations adopted Dogecoin as a payment method or became a standard for transactions on a platform like X (formerly Twitter) due to integration or endorsement by influential figures like Elon Musk, this could greatly increase its utility and demand.
This is a theme that has driven rampant speculation across social media.
Additionally, Dogecoin has often been at the heart of speculative trading due to its meme status.
A perfect storm of media attention, celebrity endorsements, and viral social media trends could create a buying frenzy.
While this might not be sustainable, in the short term, speculative bubbles could drive the price up dramatically.
Dogecoin could easily hit $1 in 2025, marking a 6.5x rally from current levels.
$10 Dogecoin Might Be Impossible, But This New Meme Coin Could 100x
Investors looking for bigger gains than what Dogecoin will likely deliver must search out new meme coins with high potential.
One of the strongest new meme coin projects right now is Pepe Unchained ($PEPU), which has merged as a notable project within the ecosystem due to its innovative approach to blockchain technology and meme culture.
Pepe Unchained isn’t just any old meme coin – it’s developing its innovative Layer-2 blockchain protocol.
By leveraging the Pepe the Frog meme, which has both widespread recognition and a controversial history, Pepe Unchained deeply taps into internet culture.
Meanwhile, its blockchain aims to solve some of the most persistent issues with current blockchain technologies used by meme coins, like high transaction fees and slow processing speeds.
The new meme coin Pepe Unchained promises transactions up to 100 times faster than Ethereum and is establishing itself as a leading layer-2 protocol within the meme coin sector.
The hype surrounding the new meme coin is palpable—its presale just hit the monumental $23 million mark.
The presale’s huge success is a testament to its initial community and investor interest and provides substantial capital for its development, marketing, and ecosystem expansion.
In a market where meme coins are often seen as fleeting trends, Pepe Unchained’s approach with its own blockchain and staking could position it as more than just a meme but a utility token within a new ecosystem.
$PEPU is undoubtedly one of the most anticipated new meme coin launches in 2024.
The post Dogecoin Eyes $10 as New Meme Coin Raises $22.8M – Massive Rally Incoming? appeared first on Cryptonews.
