Is Dogecoin (DOGE) A Good Buy Before The Next Bull Run? Here's What The Chart Says

With the crypto market witnessing a roller coaster ride last week, the meme coins, volatile as ever, mark quick turns. The biggest meme coin

Meme Coin Highlights

Meme coins, known for their volatility and massive price swings, had a mixed week last time around. While some coins like Dogecoin (DOGE) and Shiba Inu (SHIB) continued their rally, others like Floki Inu (FLOKI) and Dogelon Mars (ELON) saw their gains fizzle out.

Biggest Meme Coin Gainers

The biggest meme coin last week was Dogecoin (DOGE), which soared by 15.66% and hit a 30-day high. DOGE’s rally was fueled by several factors, including Elon Musk’s acquisition of Twitter and the upcoming Dogecoin halving event.

Shiba Inu (SHIB) also had a good week, adding 4.95% to its value and continuing its rally from 2023. SHIB’s gains were driven by optimism over the Shibarium layer-2 solution and the upcoming SHIB metaverse.

Biggest Meme Coin Losers

The biggest meme coin loser last week was Floki Inu (FLOKI), which dropped by 10.98% and saw its recent gains wiped out. FLOKI’s decline was likely due to profit-taking after the coin's recent surge.

Dogelon Mars (ELON) also had a tough week, losing 7.96% and seeing its 30-day gains slow down. ELON’s price movements were largely influenced by technical factors and the broader crypto market trend.

Overall, meme coins had a mixed week, with some coins continuing their rally and others seeing their gains stall. However, the meme coin market remained volatile, and traders were advised to proceed with caution.

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