Next Memecoins to Explode, December 18 – Dogecoin, Shiba Inu, Baby Doge Coin
Highlights:
- Despite the recent price consolidation, the Dogecoin price movement suggests upward momentum based on its bullish 200 EMA.
- A key resistance breakout in Shiba Inu at $0.000030 could spark its next rally toward the 2021 all-time high.
- Baby Doge Coin’s recent exchange listings and increasing adoption suggest an imminent breakout.
The crypto market today displays a broad bearish outlook as most crypto prices trade downwards. Despite the bearish setback, the leading asset, Bitcoin, is trading above the $100k key level. Furthermore, the top ten altcoins are trading in re,d solidifying the bearish sentiment,
The total market crypto market cap has dropped to $3.65 trillion recording a decline of $3%. In addition, the 24-hour trading volume has taken a hit of 0.30% to $203 billion while the fear and greed index hovers above 80 indicating extreme greed.
Similarly, the memecoin sector faces the same trend as its total market cap declines by 65% to $114 billion. As the bearish sentiment prevails, the market offers a lucrative chance to buy the setback. Here is a look at the next memecoins to explode, such as Dogecoin, Shiba Inu, and Baby Doge Coin.
Next Memecoins to Explode
1. Dogecoin (DOGE)
Dogecoin has been consolidating around $0.400 after facing a stiff rejection at the $0.500 region. As of this writing, DOGE is trading at $0.3895, down by 3.50% in the past 24 hours. Moreover, the market cap and trading volume have dropped to $57 billion and $4 billion, respectively.
Crypto analyst Trader Tardigarde has noted that Dogecoin’s 200 EMA on the three-day chart shows a strong upward trend. The 200 EMA trend is often seen as a bullish indicator, sparking market interest. With such signals, Dogecoin could be gearing up for significant movement in the near term.
#Dogecoin 200 ema is taking off on 3-day chart 🔥
This signal indicates the beginning of Bull Run 🚀$Doge is pumping soon. pic.twitter.com/GAEABDlpOm— Trader Tardigrade (@TATrader_Alan) December 16, 2024
Considering that DOGE is moving toward a potential bullish phase, the memecoin could be a contender for the next memecoin to explode. The memecoin’s recent performance following the U.S. president-elect Donald Trump’s victory has attracted investor interest.
2. Shiba Inu (SHIB)
Shiba Inu has been trading on a descending channel recently seeking support at the $0.000024 mark. SHIB has declined by 6% and 8% on the daily and weekly charts as the bears hold their grip tight. Currently, SHIB is trading at $0.00002564 with a market cap and trading volume of $15.10 billion and $800 million.
SHIB is trading in a critical price zone between $.000027 and $.000030. Crypto analyst Shib Spain on X believes that this level marks its next move. If bulls manage to break past $0.000030, they could propel considerable momentum by following the bullish pattern.
$SHIB is battling crucial zone between 027 – 030
Once it breaks, we will skyrocket to ATH 🚀 pic.twitter.com/FGHpp4RpQt
— Shib Spain (@ShibSpain) December 15, 2024
SHIB could rally up towards its 2021 ATH of $0.00008845 if resistance is overcome positioning it as one of the next memecoin to explode. However, the buyers’ actions are key to initiating the anticipated price jump.
3. Baby Doge Coin (BabyDoge)
After setting its all-time high recently, BabyDoge is set for another massive breakout. BabyDoge has surged 70% over the past month despite the recent pullback. Currently, the memecoin is trading at $0.000000003921 down by 8% over the past 24 hours. In addition, the market and trading volume have declined to $634 million and $196 million, respectively.
Baby Doge Coin’s growing market presence positions it as the next memecoin to explode. BabyDoge was listed on the spot markets of BikaGlobal today, marking a major step forward. Additionally, KCEX announced the addition of BabyDoge for spot trading.
🚀 #NewListing BIKA GLOBAL: $BabyDoge 🚀
Get ready to trade the latest listing on BIKA GLOBAL!
🔸 Trading Pair: $BabyDoge / $USDT
🔹 Trading Starts: 18th December 2024, 13:00 (UTC)
🔸 Deposit Starts: 18th December 2024, 12:00 (UTC)
🔹 Withdraw Starts: 18th December 2024, 14:00… pic.twitter.com/B9ffzBEJKr— BIKAGlobal (@BIKAGlobal_) December 17, 2024
Since June 2024, KCEX has been supporting BabyDoge via perpetual contracts, making it more accessible. The entry of these listings provides a new avenue for growth, solidifying its potential for wider adoption.
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Raymond Munene
Raymond Munene is a crypto content writer who contributes to Crypto2Community. With over three years of experience, he is interested in Bitcoin, Blockchain, and Technical Analysis. Focusing on daily market analysis, his research helps traders and investors alike. His particular interest in cryptocurrency and blockchain aids his audience.
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