October Could Bring a Major Bull Run in the Broader Crypto Market, DOGE, SHIB, PEPE, and WIF May Lead the Charge

Market experts believe October could bring a major bull run in the broader crypto market. This potential surge in the coming month is expected to be

As the broader crypto market anticipates a potential bull run in October, several memecoins are poised to experience a significant surge in value. This anticipation stems from the market's recent stability, with Bitcoin leading the charge with a retest of the $65,000 price range.

This development follows a period of sharp decline for Bitcoin and many altcoins, with most memecoins experiencing drops ranging from 50% to 80%. However, market experts now believe that this downturn may be nearing its end.

According to their analysis, now is an optimal time to acquire major memecoins before the start of a new season. Among the memecoins to keep an eye on in October are Dogecoin (DOGE), Shiba Inu (SHIB), PEPE, and Dogwifhat (WIF).

1. Dogecoin (DOGE): The Leading Memecoin

Dogecoin (DOGE) currently ranks as the world's largest meme-themed cryptocurrency, boasting a market capitalization of $16.7 million. Since its launch in December 2013, DOGE has garnered immense attention, driving up its value across exchanges.

Despite facing challenges in 2024, Dogecoin has maintained interest thanks to bullish mentions from figures like Elon Musk. For instance, a recent report by CNF highlighted how DOGE surged over 6% amid Musk's 'Dogefather' hype.

At the time of writing, Dogecoin is trading at $0.1147, indicating a 4.8% rise in the last 24 hours. Market experts anticipate DOGE's potential to reach $1 by early December.

2. Shiba Inu (SHIB): The Dogecoin Killer

Shiba Inu (SHIB), also known as the "Dogecoin killer," experienced a 144% surge in March, rising to $0.0000307 as Bitcoin hit new all-time highs. SHIB's value has since declined by 47%, currently trading at around $0.0000172.

As we approach October, SHIB's price performance is showing some moderate but promising動き. Over the past 24 hours, SHIB's price is up by 12%, while trading volume has surged by 169% to reach $784 million.

3. Pepecoin (PEPE): The Froggy-Themed Memecoin

PEPE differs from other memecoins by being themed around the beloved (yet troubled) Pepe the Frog cartoon character.

This unique aspect of PEPE has contributed to its increasing popularity, with a peak market capitalization of over $5.83 billion. Currently, PEPE ranks 28th among cryptocurrencies by market cap, with a valuation of $3.8 billion.

At press time, PEPE is trading at $0.000009197, up by 7.5% over the past day. Trading volume has also increased by 33%, indicating renewed interest from investors to accumulate the token.

Coin analyst CryptoZeus has further fueled the excitement by predicting that PEPE could hit a market cap of $15 billion if Bitcoin surges to $350,000.

4. Dogwifhat (WIF)

Built on the Solana blockchain and inspired by the viral Dogwifhat meme, Dogwifhat (WIF) is a dog-themed memecoin. Recent trends suggest that WIF may be breaking out of a downward trend following a six-month decline.

As reported earlier by CNF, WIF's price surged by 13% in just 24 hours, bringing its price to $1.92. Technical analysis and on-chain data indicate that Dogwifhat's rally has the potential to continue. If buying pressure remains strong, WIF could rally by 50% to hit $2.89.