Next Memecoins to Explode, Feb 5 – Dogecoin, FLOKI, Shiba Inu

Highlights:

• DOGE, FLOKI, and SHIB emerge as the next memecoins to explode amid market volatility and ecosystem developments.
• A bullish RSI divergence suggests that Dogecoin could be ready for a rebound.
• Through its UAE partnership, Shiba Inu is solidifying Web3 adoption and increasing its long-term demand.

The crypto market experienced brief relief yesterday after U.S. President Donald Trump halted the proposed tariffs on Mexico and Canada for 30 days. However, the 10% tariff on China proceeded, prompting retaliatory measures, which led to a setback in the crypto market. 

Following the escalation, the global market cap and 24-hour trading volume have declined to $3.21T and $176B, respectively. The market volatility has dropped the fear and greed index to 38, indicating a fear market sentiment. 

Similarly, the memecoin sector aligns with the broader market trend as its market cap and trading volume drop to $74B and $11B, respectively. Despite the setbacks, dips are always seen as opportunities to capitalize on before the next rally, and here is a look at the next memecoins that will explode. 

Next Memecoins to Explode

1. Dogecoin (DOGE)

The largest memecoin, Dogecoin, has been trading on a descending pattern after breaking below the $0.40 key mark. The bearish momentum has seen DOGE’s price break further below the $0.30 key level to $0.22. 

At press time, DOGE is trading at $0.2645, down by 0.10% in the past 24 hours. Additionally, DOGE has declined by 20% and 30% on the weekly and monthly charts, respectively. Its market cap and trading volume stand at $39B and $3.96B, respectively. 

Crypto analyst Trader Tardigrade on X noted that the Dogecoin daily candle closed with a signal demonstrating its first-ever Bullish Divergence on the RSI daily chart since 2025. With the RSI at the lowest levels, the bullish divergence suggests an incoming shift in DOGE’s price movement. As the RSI gears up for a new upward movement, DOGE poses as one of the next memecoins to explode following the upcoming price rally. 

#Dogecoin daily candle closed.
It has signaled its first-ever Bullish Divergence on the RSI daily chart since 2025 🔥 $DOGE might be nearing the start of its UPTREND 🚀 pic.twitter.com/XAZkTuRU52

— Trader Tardigrade (@TATrader_Alan) February 5, 2025

2. FLOKI

FLOKI is trading at $0.000099 up 3% in the past 24 hours. Despite the recent bullish resurgence, the meme remains down by 16% and 50% on the weekly and monthly charts, respectively. It has a market cap and trading volume of $965 million and $270 million, respectively. 

Crypto trader Great Trader RYU has pointed out that memecoins are making a comeback, with the FLOKI at the head. According to him, FLOKI could be the next memecoin to explode due to the recent developments in its ecosystem. In January, FLOKI approved the issuance of the ETP in Europe, which is scheduled for Q1 2025 and will offer institutional exposure. There is also the prospect of a FLOKI ETF that further builds momentum. 

$FLOKI The Most Bullish Play of This Cycle

Memecoins are dominating the market, and $FLOKI is leading the charge. The next leg up is coming, and those who buy & hold now will be ahead of the game.

Here’s why $FLOKI is set to explode:

– First-ever $FLOKI ETP in Europe
-… pic.twitter.com/nmCWQ3NfWz

— Great Trader Ryu ✌️ (@TheGreatRyu_) February 4, 2025

Moreover, a large trading volume and increased popularity on BNB Chain make it attractive in the market. FlokiFi and its trading bot have continued to promote token burns, making supply low, consequently leading to a price hike. As liquidity returns, FLOKI could be among the next memecoins to explode. 

2. Shiba Inu (SHIB)

SHIB is trading on a bullish note today, surging by over 5% after the recent market turmoil. At press time, SHIB is trading at $0.0000163 with its market cap at $9.73 billion despite declining trading volume. The memecoin is down by 10% and 30% on the weekly and monthly charts, respectively. 

Recently, Shiba Inu joined forces with the Ministry of Energy and Infrastructure (MoEI of the UAE) to introduce Web3 technologies. The integration will involve the incorporation of ShibOS in the provision of public services in energy, infrastructure and governance. TREAT token will power the system, enhancing efficiency and green infrastructure, thus strengthening the UAE’s digital transformation efforts.

Unprecedented Partnershib @MOEIUAE x @Shibtoken! 🇦🇪

We are honored to announce our new Partnership with the Ministry of Energy and Infrastructure of the World’s #1 Crypto location, the UAE!

Learn more ➡️ https://t.co/TMFjLvlmHB pic.twitter.com/pkv6AGmUyI

— Shib | TreatYourself Season (@Shibtoken) February 4, 2025

The partnership may position Shiba Inu as the next memecoin to explode, driving demand for its ecosystem. By implementing Web3 technology, the project aims to revolutionize public services and governance.