Dogecoin ($DOGE) has climbed into the ranks of the top six cryptocurrencies, fueled by an unprecedented post-election spike that’s shaken the entire crypto market.
The rally has also seen Bitcoin reach new heights, hitting an all-time high (ATH) of $89,000 just hours ago. However, while BTC is up 130% this year, many eyes have now turned to Dogecoin which has posted the same return in just one week.
Valued at just $0.15 at the start of November, it has started a record-breaking ascent. Now $DOGE sits comfortably in the top 6 cryptos, priced at $0.40.
This meteoric rise has catapulted $DOGE into the top six cryptos, and analysts are now eyeing the coin’s potential to surpass its previous ATH of $0.7376. A top analyst has now forecasted that it could finally break the elusive $1 mark.
The OG meme coin’s dramatic growth has sent waves across the meme coin sector, with other projects seeing massive inflows and some new presales positioned to achieve even larger gains
What’s Prompted Dogecoin’s Rise?
One of Dogecoin’s biggest advocates, Elon Musk, has added fuel to the fire with his recent suggestion of a “Department of Government Efficiency”—or D.O.G.E. This playful yet timely reference has reinvigorated Dogecoin’s popularity, with Musk’s close ties to the coin serving as a strong driver behind its rally.
Speculation has only increased with the news that Donald Trump is considering Musk to lead this new department to monitor government spending.
The prospect of Musk holding such an influential role as well as having the ear of the President-Elect has captivated Dogecoin enthusiasts. It’s prompting a wave of online searches for questions like “will dogecoin get to $1” and “is dogecoin going to hit $1.”
Nevertheless, it’s worth noting that if Dogecoin reaches $1, it would represent a roughly 150% increase from its current price of $0.40.
This return, while impressive, would still be modest compared to Dogecoin’s explosive 1,000% rise during its previous ATH in 2021. With Dogecoin’s market cap now exceeding $57.93 billion, the potential for high returns naturally decreases as the market cap grows.
Given this, many traders are looking for opportunities in smaller, new meme coins that could potentially yield 100X returns.
3 New Meme Coins That Could Explode in the Bull Cycle
With the meme coin market buzzing, investors are turning to smaller-cap projects that hold the potential for massive growth. Here are three emerging meme coins that could be primed for exponential gains.
Pepe Unchained ($PEPU) is leading the pack, with its presale recently crossing the $28 million milestone. More than just a meme coin, Pepe Unchained is a Layer-2 solution built on Ethereum, aiming to reduce transaction costs and create a home for meme coins on the network.
Additionally, its Pepe Frens With Benefits Collective initiative provides grants for developers contributing to its Layer-2 ecosystem, helping boost engagement.
Currently priced at $0.01259, Pepe Unchained also offers an impressive staking APY of 89%, making it an attractive option for long-term holders looking to maximize returns.
Another meme coin with serious utility is Crypto All-Stars ($STARS) which offers a dedicated staking platform for all the top meme coins.
THIS MEME COIN PROJECT WILL 100X (PLUS EARN 5000% AP!!!) PRESALE GEM CRYPTO ALLSTARS
As the meme coin supercycle gains momentum, Crypto All-Stars allows holders to earn passive income from their meme coin investments. Additionally, holders of the $STARS token can earn 3x the rewards on their staked assets.
Currently trading at $0.0015618, Crypto All-Stars has raised nearly $3.5 million in its early stages. The project offers a staking yield of 469%, making it an appealing option for investors seeking high returns as they ride the wave of the meme coin bull run.
Finally, we have Flockerz ($FLOCK) which takes meme coins into the realm of community governance with a gamified “Vote-to-Earn” model.
This unique feature allows $FLOCK holders to earn additional tokens simply by voting on project proposals and influencing the direction of Flockerz’s development.
Following a high-stakes election where crypto became a focal point, many investors have discovered a newfound interest in making the big decisions. Flockerz’s community-driven approach is perfectly suited to capture this sentiment.
Currently priced at $0.0060049 and boasting staking rewards of 1,146%, Flockerz has already raised over $1.6 million, demonstrating its early appeal among crypto enthusiasts.
