Dogecoin and other Dog based meme coins Bullish Outlook For June

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Dogecoin and Other Dog Based Meme Coins Bullish Outlook For June – Crypto News

Published

1 year ago

May 28, 2024

Dripp

Most dog-based meme coins, including Dogecoin, had a good rally this May after going through correction earlier in April. But this is just a start, as the crypto summer is about to hit the crypto market, causing the altcoins to rally this June. The excitement is real, with many predictions favoring the dog-meme coins dominance in June.

In this blog, let us look at Dogecoin and the rest of the Dog meme coins bullish outlook for June.

Dogecoin Price To Surge To $1 This June

Dogecoin, the most preferred Dog-themed meme coin, is all set for a 700% price rally, as per the Mags, a crypto trader. In a recent X post, Mags predicted the possibility of witnessing a 700% surge in the Dogecoin price, pushing the value beyond $1 before the cycle ends.

Mag’s last bull run prediction for Dogecoin came true when the price surged by 170x, and now the prediction is for 7x gains. He also revealed that he has begun collecting the DOGE to make 7X if the charts followed his analysis. If the prediction comes true, DOGE will be trading around $1.17, currently at $0.1671.

$DOGE about to go parabolic..

Last cycle, I shared Dogecoin before it went up by 170x.

I’ve been accumulating Dogecoin for the past few months and my bags are loaded.

I’m expecting a 7x return this cycle. See you at $1+ 🫡 pic.twitter.com/OeXdDMpJDZ

— Mags (@thescalpingpro) May 25, 2024

Many similar predictions favor the Dogecoin and the dog-meme coins price rally for the next month. Ali, a popular crypto analyst, has also talked of the same. As per him, the price will rise closer to the $1 mark. Moreover, Capt Toblerone talked of the 1300% price rally, pushing the DOGE price to $1.5 with an earlier fall to $0.108.

Also Read: Dogecoin (DOGE) ETF Hype Trigger Conflicting Growth Metrics

Lastly, the whale activity has also indicated the same. The IntoTheBlock data revealed the increased accumulation of whales with a 2.64% increase in large transactions. Such increased whale involvement pushes the cryptocurrency towards the bulls, and the same might happen for the Dogecoin price. It has started surging with a 28% hike in its trading volume.

Bullish Outlook For All Dog-based Meme Coins

The effect of the Dogecoin price will be visible in the case of the rest of the Dog-based meme coins like Shiba Inu, Floki Inu, dogwifhat BONK, and many others. Additionally, their price charts indicate the bullish sentiments for the upcoming few days.

Shiba Inu

Shiba Inu, also represented by the Dogecoin killer, made its name in the crypto market with substantial gains over the years. Just recently, it came to attention that a Shiba Inu trader has turned $2,700 into $1.1 million over 3.5 years, justifying how patience is the key.

The whales are also active in the Shiba Inu case as the large Shiba Inu transactions have surged by 290% from the $ 1.3 trillion to $3.57 Trillion SHIB Token. Moreover, the transaction volume has increased from $29.93 Million to $92.04 Million. This eventually lifted the SHIB price to $0.00002607 before the MT Gox Bitcoin transaction instability took over, bringing the value down to $0.00002541. However, the bullish sentiments for SHIB will help the price recovery and gains over time.

FLOKI

FLOKI is already bullish with the 11% gains in the last 24 hours because of the Coinbase perpetual futures trading for this meme coin on May 30. Now, FLOKI price is just 12% away from its all-time high with a current value of $0.0003019, which is a two-and-a-half-year-high record. With this, the FLOKI price is supposed to hit $0.00058 in June.

BONK

BONK’s 12% price surge has brought it closer to its ATH record of $0.00004704, set just three months ago. After a week of the correction, the BONK price has finally turned bullish this month. At the time of writing, it is trading at $0.00004163 after a 64% hike. Analysts believe the Bonk price to rise as high as $0.00008321 in the upcoming few days if the trend continues.

With that note and similar prediction for the other Dogecoin siblings, June is officially the bullish month for these meme coins. Though there are days left before the month starts, the technical indicators have already revealed the best investment option for June.

Continue Reading Top Cryptos to Buy Under $2 To Make Millions

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