The meme coin market is witnessing a resurgence, with traders closely watching potential opportunities. Dogecoin, PEPE, and Shiba Inu continue to hold strong positions, but a new name, MAGACOIN FINANCE, is quickly gaining traction.
Situation with Dogecoin (DOGE)
This week, Dogecoin showed a bounce back after a weak start, decreasing to $0.21. Throughout August, whales took advantage, accumulating around 680 million DOGE. By the end of the week, the price climbed to about $0.22. Technical traders are now watching for the potential conversion of $0.22 into support, which could lead to a rise towards $0.23–$0.24. However, there are concerns regarding the possibility of a 51% attack on Qubic.
Trends of PEPE in the Market
PEPE continues to be one of the most notable meme tokens, having carved out a niche in the market thanks to its nostalgic and playful aspects tied to internet culture. Despite falling prices alongside the broader market, PEPE has managed to maintain liquidity and market capitalization, making it a more stable option. Should meme coin interest resurface in 2025, PEPE is expected to rise.
Chances of Shiba Inu (SHIB) and the Return of MAGACOIN FINANCE
Shiba Inu has experienced a drop of 9% over the past week, with a current market capitalization of $7.3 billion, well below its December high of $20 billion. However, some positive signs of recovery are beginning to emerge, as netflows have turned negative, indicating that investors are moving away from exchanges. On the other hand, MAGACOIN FINANCE is gaining attention with its completed audits, having raised $12.8 million, heightening expectations for a future exchange listing.
In conclusion, Dogecoin, PEPE, and Shiba Inu continue to hold significant places in the meme coin market. However, MAGACOIN FINANCE, with its completed audits and growing community backing, is attracting attention as a potentially interesting project amid the anticipated market recovery in 2025.
