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Hype, community-driven, social trend trends have been the main drivers of the memecoin narratives in the past few months
Memecoins have been a main trend in the past few months, with many memecoins tipped to overthrow Dogecoin (DOGE), the father of all memecoins. The emergence of PEPE sparked a new debate about whether this is the next big memecoin to replace DOGE with a new frog-themed narrative.
Memecoins are a product of humor, and their viral nature allows many investors and traders to become exponentially rich with small capital investments. While catching the next 1000X potential memecoins, the likes of DOGE, PEPE, WIF, SHIB, and BONK have generated thousands, if not millions, of dollars for early adopters.
PEPE, built on a new narrative, carved a rival frog-theme price potential for itself compared to DOGE with a strong community behind this memecoin, as many believe PEPE has the potential to rival DOGE in the coming months or years.
Let us discuss some of the price potential of DOGE and PEPE in the next few months of the bull cycle and why many would go for the likes of DOGE or PEPE, considering its potential for exponential price return.
Will Pepe Be The Next DOGE?
The price of PEPE has had quite a tremendous price rally in the last couple of months, rallying by over 1900% for a memecoin with many crypto experts speculating the price of PEPE has more room for a price rally in the coming months as the bull market intensifies.
Following a record price rally to a new all-time high of $0.000028, the price of PEPE has struggled to sustain its rally. The price has significantly declined from its high to a region of $0.000007. The price continues to look bearish, headed to a region of $0.0000055, where it could build more bullish price action to the upside.
For a memecoin with strong community backing and expectations from the crypto space, there are high chances of PEPE the frog to create a new all-time high before the end of 2025, considering its strong price action as memecoins showed strong uptrend rallies in the past few months.
Could DOGE Reach $1?
DOGE has also suffered a fair share of the current market downtrend. The price of Dogecoin (DOGE) has retraced from its yearly high of $0.45 to a region of $0.2, which acts as a key support zone for price.
If the price of DOGE fails to hold this region of price action, we could see bears dominate the price toward a new low, affecting the current market sentiment of a recovery.
The price of the DOGE rally above $0.25 could kickstart a new belief that its price rally will reach $1, as anticipated by many DOGE enthusiasts and crypto experts who are convinced that DOGE could pull such a price rally, considering its past bull market price action.
Disclaimer:info@kdj.com
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