Will Pepe or New Meme Tokens Overthrow Dogecoin?

With Bitcoin approaching the historic $100k milestone, the meme coin frenzy is hitting up once again, with top tokens like Dogecoin, Pepe, and even entrants

With Bitcoin nearing the historic $100k mark, meme coins are once again experiencing a surge in popularity. Among the top tokens, Dogecoin, Pepe, and even new entrants like Catslap are showing classic pumps on the price charts.

Over the past 30 days, Dogecoin has surged by 180% to reach the $0.3877 level, bolstering optimism that the meme coin king might finally be heading towards the much-anticipated $1 mark.

Similarly, Pepe – the third-largest meme coin by market cap – has surged by 130% since its multiple listings on Coinbase and Robinhood, setting a new all-time high of $0.000025 barely two days after the news went viral.

The massive uptrend in the global meme coin space also extends to newly-launched tokens, with the likes of Pepe Unchained and Catslap among the best performers.

Will Pepe or new meme tokens overthrow Dogecoin?

Is DOGE Primed For Another Major Pump?

News of Donald Trump’s resounding victory at the US polls, coupled with rumors suggesting Elon Musk as the next head of the Department of Government Efficiency (DOGE) have set the stage for a parabolic pump in the price of Dogecoin.

A zoomed-out look at the daily charts shows that the meme king is trading in the green, with a noticeable surge of approximately 5%.

Moreover, according to Coinglass data, Dogecoin’s open interest and volume have surged, indicating that new money is flowing into the market. The open interest is up 10% to $3.32B, while the volume has increased 0.25% to $11.91B, cementing the potential bullish breakout in the near term.

Meanwhile, the DOGE price might be cooling off, as the meme coin is in a typical consolidation phase, allowing investors to enter the market before the next uptrend. The token shows signs of a bullish breakout as it oscillates between $0.36 and $0.40. This sideway trading may act as an accumulation period before the bulls initiate another rally, targeting the $0.45 mark and beyond.

Dogecoin Bulls Aim For a Bullish Breakout

Dogecoin’s price is currently trading at $0.36 and $0.40, displaying positive momentum, which could result in a bullish breakout soon. The cryptocurrency has established strong support at $0.14 and $0.20, indicating potential stability in its upward trajectory.

Moreover, the Golden Cross is in play, suggesting a long-term bullish outlook in the DOGE market.

However, traders are advised to exercise caution as the Relative Strength Index (RSI) pushes into the overbought region. The RSI sits at the 75.27 strength level, indicating a correction is imminent.

In such a case, the DOGE price could chase the $0.27 support level. Conversely, the chart reveals a strong support zone around $0.34, with prior consolidation and pullbacks fueling a bullish breakout. A breach and close above the resistance in the current range could send DOGE toward $0.45 or above $0.5 soon.

Can Pepe Or New Cryptos Overtake DOGE?

With Pepe blowing up on the price charts – taking the most advantage of the Bitcoin-led bull run to set new highs – there is a growing sense of optimism that it could rival Dogecoin in the long run.

While DOGE is far ahead, boasting over $58 billion market valuation, its growth has been quite sluggish over the past year. The meme king has not really kept pace with the rest of the market unlike Pepe.

Pepe, on the other hand, has been on fire since its launch in 2023, breaking through the ranks to establish itself as the third-largest meme coin by market cap. The “Pepe the Frog” token has also experienced more than 1000% growth over the past year unlike Dogecoin with just a 400% surge.

If Pepe continues to retain the support of its vast community, it could probably reach the $60 billion threshold in the coming years, thereby taking a place atop the meme coin sector.

However, achieving this feat will require multiple bull cycles as Pepe’s growth is also somewhat limited due to its current status as a high-cap meme coin.

With this in mind, the next wave of newly-launched meme coins demonstrates better potential of rivaling well-established meme coins, including Pepe and Dogecoin.

New Low-Cap Meme Coins That Could Challenge DOGE – Pepe Unchained & Catslap

Among a host of new meme coins that have launched this year, Pepe Unchained and Catslap have quickly gained traction, drawing investments from every corner of the crypto market. In this segment, we dive deep into the key aspects of both tokens, analyzing why they could