PEPE, Dogecoin, and Shiba Inu as 8% Market Boost Fuels Growth

The meme coin market has experienced a significant rise, with a market capitalization now reaching $52 billion, marking an 8.1% increase in the past 24 hours. 

The overall cryptocurrency market experienced a 4% increase that pushed the total market cap to $3.24 trillion.

Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE are top meme coins that are on the upswing, with profits of between 8% and 14%.  This surge comes at the time the Bitcoin price has been soaring past $95,000. These price increases show a potential market reversal, and it is optimistic that meme coins will perform well in the near future.

Pepe Coin Price Surges 14%, Eyes Further Bullish Momentum

Pepe Coin price has seen a notable rise, up 14% on Wednesday, building on its gains from the previous day. The frog-themed meme coin is still in good health in the meme coin sector, and the price is stable at above $0.000006630. This trend is a possible indicator of further bullish behavior, as the entire crypto market is recovering.

The most recent price changes indicate that the price has a positive trend, based on bullish engulfing candles and increasing trading volume. 

The volume of the coin has gone up by 87%, and the open interest by 8.48% to stand at $1.74B and $434.80M, respectively. The price of Pepe Coin may increase further, given the bullish momentum, assuming that the price reaches up to $0.000006.

Dogecoin Price Eyes $0.15 Amid Strong Recovery

Dogecoin price has seen a strong rebound over the past 24 hours, holding steady above $0.1470. After a notable 8% increase on Tuesday, DOGE is now priced at $0.1479.

In the last day, the Dogecoin whales have gained over 297 million DOGE, and this indicates greater confidence in the market. This is a rally after DOGE reverses a downward trend that lasted several weeks, and this upturn is verified by a high 79% spike in the trading volume.

Should the bullish trend persist, the price has the potential of reaching $0.15. With continuity, the DOGE might increase to an even higher point of $0.18 and even to $0.20.

SHIB Price Eyes $0.00001 as Bullish Momentum Grows

Shiba Inu (SHIB) price saw a surge as part of a larger rally in meme coins. At press time on Wednesday, SHIB was trading at $0.000008781 after a 7% rebound. Nevertheless, it fails to overcome the barrier at $0.0000092, which it has been at since November.

Should Future Shiba Inu outlook overcome this resistance, it may target $0.00001. The MACD is bending towards recovery. Additionally, the RSI is at 51, meaning it is in a neutral market trend.

What’s Next For PEPE, Dogecoin, and Shiba Inu

PEPE, Dogecoin, and Shiba Inu are performing well as the meme coin market remains on an upward spiral. These coins may increase in price further because of the high bullish movement and substantial interest in the market.