Will The Market See A Repeat Of The Dogecoin And Meme Coin Supercycle Of 2021?
Crypto analyst Altcoin Sherpa has answered the question of whether or not the crypto market will witness a repeat of the meme coin supercycle that Dogecoin and other meme coins enjoyed in 2021. The analyst is optimistic that there would be a meme supercycle but not in the way many expect it. Will There Be […]
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The meme coin industry has been rather quiet in the last couple of months. However, analysts believe this is just a brief cool-off before the next meme coin supercycle begins. A meme coin supercycle is a market phenomenon in which several meme coins see exponential growth in a short period of time. This growth results from bullish market sentiment, social media trends, hype, and cultural relevance. Instead of relying on strong technical and fundamental metrics, meme coins derive their value from community perception. Their ethos is, ‘It doesn’t have to make sense to make you....
Dogecoin is set to complete its most bearish first quarter of the year in seven years with a quarterly loss of around 46%. This has raised the possibility of the foremost meme coin witnessing a repeat of the 2018 price action, when it recorded its worst Q1 loss ever. Dogecoin Set To Complete Most Bearish […]
Crypto analyst Kevin (formerly OG Yomi) has made a bullish case for Dogecoin (DOGE). Based on his analysis, the foremost meme coin could replicate its 2021 bull run when it enjoyed a price gain of 18,000%. Dogecoin Could Soon Replicate Its 2021 Bull Run Kevin suggested in an X (formerly Twitter) post that Dogecoin could soon replicate its 2021 run when it made a price gain of 18,000%. This came following his statement that DOGE is two to three weeks away from achieving its first weekly golden cross in four years. The analyst noted that the meme coin went “parabolic” for six straight months....
Back in 2021, at the height of the meme coin bull run, Shiba Inu ran over 7,000,000% to outperform the more established Dogecoin. This performance was achieved with the expectation that Shiba Inu was the “Dogecoin killer” and that the meme coin would eventually flip DOGE to become the leading meme coin. However, with the […]
Dogecoin has become the most successful meme coin of its time. But like any other cryptocurrency in the market, it has taken its own fair share of hits. This has seen faith in the meme coin decline significantly leading to a good number of investors pulling out of the asset. However, it seems like the […]