Popular meme coins $DOGE and $PEPE might have suffered heavily during the recent price crash, but a handful of newly emerging alternatives are still rising. With Bitcoin falling almost 14% this week, leading meme coins are also struggling, with $DOGE down a steep 26% and $PEPE a steeper 32%.
Despite the meme market leaders falling, newly emerging alternatives have gained traction during the wipeout. For example, the newly launched multi-chain $DOGEVERSE meme coin raised a staggering $6.5 million in the last ten days.
What you'll learn 👉
Meme Coins See Huge Tumble Following Crypto Market Crash.
Meme coins are one of the worst-performing sectors during the latest market crash, with some down almost 40% in the last week alone. Market leaders $DOGE and $SHIB have seen notable 25% price drops, while newly rising meme coin sensations $PEPE and $BONK see over 30% price plummets.
The excessive price drops are primarily driven by revived tension in the Middle East. With uncertainty surrounding another potential war, risky assets have been selling off during the week, and Bitcoin has also gone down a sharp 14%.
$DOGE & $PEPE Struggle With 20% Price Drops – Where’s The Support?
$DOGE and $PEPE are two meme coins that are suffering.
$DOGE is down by a steep 25% over the past week. The price fall caused $DOGE to fall beneath a rising trend line, resulting in a drop beneath $0.15 for the first time since mid-March;
Looking ahead, the first level of support for $DOGE lies at $0.142. This is followed by support at $0.133 (.618 Fib), $0.125 (March 2024 lows), $0.12, and $0.105.
On the other side, resistance lies at $0.15, $0.158 (Nov 22’ highs), $0.172, $0.182, and $0.2.
The newly rising meme coin sensation $PEPE also suffers after dropping 32% this week.
At the start of the week, the cryptocurrency was battling to hold support at $0.000007. However, the capitulation dragged $PEPE into lower support at $0.00000478, provided by a .618 Fib Retracement level.
Looking ahead, if the bears push beneath the .618 support, lower support lies at $0.000004, $0.00000315 (.786 Fib), $0.000003, and $0.000002.
On the other side, resistance lies at $0.000006, $0.000007, $0.000008, and $0.00000972 (1.272 Fib Extension).
What Meme Coins Are Still Rising During the Crash?
Despite the overall market wipeout, the meme coin sector’s pockets continue to grow as other tokens sell off.
For example, the newly emerging multi-chain $DOGEVERSE meme coin is gaining traction after raising $6.5 million in just ten days. With the ability to draw investors from six of the industry’s largest chains, Dogeverse is setting a new standard in the ICO sector and starting to turn heads.
Multi-Chain Dogeverse Crosses $6.5 Million In Crypto’s Worst Week in 2024.
Dogeverse ($DOGEVERSE) is a newly emerging Doge-related meme coin that intends to simultaneously extend its dominance across six of the hottest chains in blockchain.
The project raised a staggering $6.5 million during the works crypto trading week in 2024, demonstrating solid support for this multi-chain meme coin.
The project intends to enhance interoperability between blockchains by providing the choice for $DOGEVERSE buyers to purchase the token across six of the biggest blockchains, including Ethereum, Binance Chain, Polygon, Avalanche, Solana, and Base.
As the world’s first chain-traveling Doge, DOGEVERSE intends to unite diverse communities through the shared love of Doge memes.
The interoperability will be facilitated by leveraging Wormhole’s secure portal bridge, allowing the token to be safely bridged to different chains – providing complete flexibility for traders to choose where to trade the token for the fastest transactions and lowest fees.
With the potential to draw an audience from six separate blockchains, Dogeverse is setting the foundation for extraordinary success moving forward, and the speedy presale increase during a bearish period demonstrates its unique appeal.
$DOGEVERSE can be purchased on the project’s website using Ethereum, Avalanche, Binance Chain, or Polygon. Support for Solana and Base chains will be added soon.
The presale uses a rising pricing strategy, with the current price at $0.000297.
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