Because the Dogecoin (DOGE) value is consolidating within the $0.175 space, bulls are eyeing a fast return to $0.20 amid a surge in buying and selling volumes throughout Asia buying and selling hours.
As per Yahoo data, Monday buying and selling volumes already exceeded $2.5 billion throughout main exchanges previous to the US market open.
South Korean press reported on Monday that crypto buying and selling volumes within the nation exceeded inventory market volumes.
That possible factors to a surge in threat urge for food amongst Korean retail traders.
If that interprets over to the US market on Monday, Dogecoin might quickly be about to pump.
And with Bitcoin (BTC) hitting recent file highs above $72,000, a pickup in threat urge for food could be very possible.
At present value ranges, the Dogecoin value has doubled within the final two weeks.
The worth surge comes following Bitcoin value’s seemingly unstoppable rise in latest months, which has seen it pump above $70,000 from underneath $25,000 as just lately as October 2023.
While up till just lately Bitcoin was main the market, meme coins have taken middle stage within the final two weeks.
Dogecoin (DOGE) Price Prediction – Big Pump Incoming?
The Dogecoin value is up over 3x versus its 2022 lows round $0.05.
However DOGE continues to be down greater than 75% from its 2021 peaks above $0.74.
As the present crypto bull market matures, the implication is that there stays loads of room for additional upside.
Assuming Bitcoin continues its ascent in the direction of $100,000 within the coming weeks, Dogecoin might proceed closing the hole to its ATHs.
2024 might even be the yr that it hits $1.0 per token.
That might imply traders who leap into Dogecoin now may nonetheless have the ability to clinch 5-6x positive aspects.
These are spectacular positive aspects for certain.
However many meme coin traders are in search of a lot greater upside, for instance, within the area of 100x.
Lesser identified however high-potential meme cash with valuations of round $100 million are the perfect guess for 100x upside.
However with so many meme cash available on the market, it’s robust for traders to know the place to start out.
Fortunately, the group at Cryptonews spend quite a lot of time analyzing promising up-and-coming meme cash.
In fact, traders should all the time do their very own analysis, however right here is one token they suppose has nice risk-reward.
Dogecoin Various – Scotty (SCOTTY)
Scotty the AI is a model new Ethereum-based dog-themed meme coin, however with an necessary distinction.
Scotty the AI isn’t simply one other Shiba Inu. Scotty is a Scottish Terrier.
And in contrast to the likes of Dogecoin, Shiba Inu and Bonk, Scotty is a meme coin that’s full of utility.
Scotty the AI options an agile threat-detecting AI system that tirelessly ensures the integrity of the cryptoverse by sniffing out potential threats, suspicious transactions, community anomalies, and safety breaches.
And Scotty is rewarding his military of followers along with his unconditional loyalty as their on-chain, AI-powered guard canine.
Scotty the AI additionally encompasses a safety chatbot and would be the star of an upcoming play-to-earn (P2E) recreation.
Scotty the AI simply launched an preliminary coin providing (ICO).
Having already raised a whopping greater than $4 million, it’s already being talked about as 2024’s finest presale.
Traders are racing to safe their $SCOTTY tokens given they’re on sale for $0.00803 every, a really low value.
Certainly, given the whole $SCOTTY provide of 1,734,567,890, traders getting tokens at $0.00803 are basically shopping for to Scotty at a market cap of round $14 million.
If Scotty achieves its objective of turning into a family meme coin title, it might simply attain $200 million.
Scotty thus ranks as among the best crypto meme cash to purchase now.