cryptocoin.com As we mentioned, memecoin comments from popular crypto analysts attract the attention of many investors. Analysts, who made comments especially for PEPE, DOGE, SHIB and other memecoin projects, announced the memecoin projects that will rise in the near future! Here are the details…
Experts made critical statements for PEPE, DOGE, SHIB and other coins!
As you know, memecoin projects have become an integral part of the cryptocurrency ecosystem. While Dogecoin remains the leading memecoin of the market, memecoins such as Shiba Inu (SHIB) and Floki Inu (FLOKI) are also trying to join this race. Especially recently, PEPE, which has come to the fore with the frog mascot, attracts the attention of many investors.
However, the tweets of famous names about memecoins draw attention. As you know, Twitter CEO Elon Musk is a big supporter of memecoins and one of the rare celebrities to adopt Dogecoin as seen in the past. Elon Musk recently changed Twitter’s logo to Dogecoin to better illustrate how critical he is to the memecoin community. This triggered a massive backlash with a 32 percent increase in Dogecoin price. Dogecoin, which had the full support of Elon Musk for a long time, lost some support with the emergence of Shiba Inu and other memecoins. Especially in the rises in September and October 2021, dog-themed memecoins quickly rose and attracted many big investors, especially Elon Musk.
Particularly in America, many national and international celebrations, events and protests are held on 20 April every year related to the cannabis plant. With only one day left to the event, things got interesting and the market is changing with the surprise launch of Pepe (PEPE) on April 14th. With a market cap of just $113 million, PEPE has seen a stunning 379 percent increase since April 17, and PEPE has grown almost fourfold in the past two days.
As the 4/20 event approaches, memecoins take flight!
As a result of the success of PEPE, it seems likely that memecoins will get a lot of attention and rise. On the other hand, investors need to be wary of scams when investing in unknown coins. However, after the PEPE excitement, Dogecoin is next. DOGE owners are very happy and expect great things from DOGE in the near future due to Musk’s involvement. Likewise, it looks like Shiba Inu, Floki Inu and other meme coins will also witness massive growth as the 4/20 event approaches.
While most high-impact events are of the “sell the news” type, the drop in Bitcoin dominance paints a promising picture for altcoins and alt season in general. Experts also point out that a rally may start soon.
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