Inspired by Bitcoin’s breakout from its previous lows, Dogecoin bulls are now getting into action, trying to break the top meme coin out of its bearish trend. The analysis comes from CRG, MacroCRG, a cryptocurrency analyst who revealed that for the first time in 145 days, Dogecoin was able to close above its 200 MA.
If these “attempts” to break out prove to be successful, the meme coin market could go up once again, setting investors’ eyes on short-term assets that could potentially provide long-term upsides. Perhaps traders could start looking to find the best crypto to buy now in that niche.
Dogecoin Price Trying to Invalidate a Long-Term Bear Signal – Will DOGE Breakout
MacroCRG’s assessment of the market quickly drew the attention of meme coin enthusiasts, many of whom have been long on Dogecoin for a very long time. DOGE, despite being a no-utility token, has become a crowd favorite due to its social aspects and Elon-impact. Even the Department of Government Efficiency literally emerged as the meme asset’s “backronym.”
However, ever since the Tesla founder distanced himself from the meme coin, its future has been in the dark.
And it seemed for the longest time that the community did not have an interest in the meme coin anymore, as evidenced by the recent trends of the apex meme coin not following Bitcoin’s pattern.
However, with the recent move above the 200 MA, coupled with high trading volume, hope is high that one day, the apex meme will reach its all-time high again.
What also boosted confidence is that a “Three White Soldiers” pattern emerged recently, similar to how Bitcoin did before it reached its all-time high. When coupled with the other bullish signals, it is likely that we may see Dogecoin taking an uptrend again.
If DOGE grows as intended, the surge could trickle down to other top meme coins, paving the way for them to reach new highs. The assets that actually end up following Dogecoin’s approach may become the best meme coins to buy.
Best Cryptos to Buy Now – Best Meme Coins With High Potential Upsides Following DOGE’s Breakout
For now, there is only an attempt to break out of Dogecoin, which is relevant since the latest green candle printed is long, which could trigger profit-takers to come. If the community remains strong, the DOGE price could rise higher thanks to sheer willpower, paving the way for more tokens to move up in value.
Here are the top meme coin picks that could gain from this surge.
Token6900
Token6900 could be considered the closest equivalent to Dogecoin right now since it also does not sport any utility. However, unlike the apex meme coin, it does not have a long altruistic goal and wears the sense of irreverence proudly.
Token6900 is a community-centric crypto focusing squarely on the ramifications of doing too much research. The official whitepaper of this asset clearly states that all research does is reveal the flimsy nature of the crypto ecosystem.
“Growth of memes begins where fundamentals end,” it says, which is why it has gone out of the way to make the website as incoherent as possible.
The visuals of the platform comprise Windows95 aesthetics, with ComicSans font highlighting critical buttons, and Times New Roman highlighting the project’s purpose. A similarly distorted approach to memes can be seen in Token6900’s social media posts, which are nothing more than limited-effort, brainrot, AI slot posts that crank the quirkiness all the way up to 11.
Despite this, degen investors looking for high-risk investments are responding positively to it, and this has led Token6900 to raise over $700K so far.
Popular crypto analyst HotCuppaCrypto said in his latest video that Token6900 has enough mileage to go against the likes of SPX6900, another token with similar aesthetics and an irreverent sense of comedy.
This project gives a sense of true meme coin overall, focusing on the social nature of the crypto and not any utility, which could lead to short-term upsides for early buyers. If its community grows to be as strong as SPX6900, however, it could also offer long-term value to investors.
Pepe
Given that Pepe is the third biggest meme coin by market capitalization, it could experience a direct dose of growth if Dogecoin’s breakout holds. The pioneering frog-themed crypto that single-handedly pulled the cryptocurrency market out of winter in 2023 has followed a similar pattern as DOGE since it peaked in November, 2024.
As the price chart above shows, it has also gone on to hit lower highs ever since reaching its all-time high and has printed an overall bearish trend on the price chart. However, from July 10th onwards, the meme coin has broken out of its 200 MA and is now consolidating.
This happened shortly after the bounce that occurred on June 22. It is safe to say that the frog-themed crypto is following an uptrend.
Currently trading at $0.000013, Pepe has seen a significant increase in its trading volume. Social media action is moving this token up, and if the macros continue to lean in a positive direction, a parabolic pump is to be expected. Projections show that the Pepe price could reach the $0.000022 range.
Snorter
While Dogecoin has been able to move higher purely on the back of its community, there have been some talks about injecting utility into the ecosystem. While most of the initial momentum has depleted following Elon Musk’s exit from the community, the utility-power of a meme asset could elevate it.
Inspired by that, Snorter has emerged as a Solana meme coin trading bot ecosystem. While it appears to be purely a social token, signified by an aardvark as its thematic animal, this trading bot has been making waves thanks to its presence on Telegram.
Its adoption of the popular messaging app does two things. First, it gives investors a familiar application within which to trade crypto easily. Secondly, it could establish a strong community within it to provide social trading perks.
These perks include CopyTrading, in addition to automated crypto sniping, which will let investors find and invest in the best Solana meme coins that emerge on the market. There are also plans for a launchpad specific to SOL-based cryptos, and security tools such as honeypot protection and rugpull protection are the key highlights of this ecosystem.
There have not been many projects focusing on scam protection. Considering something like that is emerging from a meme coin ecosystem is proof that Snorter has potential. The Crypto Mark has even said that Snorter could become the best crypto trading bot on Telegram, thanks to its protection tools and low fees (0.85%).
Bitcoin Hyper
Bitcoin Hyper taps into two different niches to gain momentum. The first one is the apex crypto (Bitcoin), and the second attribute is the meme coin market, which has grown thanks to the emergence of Dogecoin.
Bitcoin Hyper’s goals are novel. It aims to provide the first complete L2 scaling solution for the Bitcoin network. In other words, it wants to move beyond what the Lightning Network has been able to provide and give users a version of Bitcoin that can handle smart contracts and could potentially lead to the creation of new Bitcoin-driven decentralized applications.
An L2 scaling solution, Solana Virtual Machine, and a Canonical bridge: these three elements are in play here to make the Bitcoin ecosystem utility-centric. L2 scaling facilitates off-chain transactions, Solana Virtual Machine offers tools for dapp development, and the Canonical Bridge establishes a link between Bitcoin Hyper and the Bitcoin network.
When it comes to memes, Bitcoin Hyper takes inspiration from Pepe instead of Dogecoin. The main mascot of the project is Pepe in a yellow and blue Flash costume. This reportedly communicates that Bitcoin Hyper could make Bitcoin a faster network. Given that updates to make Bitcoin more secure are already underway, Bitcoin Hyper’s approach could be another positive for the apex crypto.
Conclusion
Dogecoin’s latest attempt to break out of its previous downtrend has mobilized its community once again. While the long green candle does make it feel like all of this could be a bear trap, the bulls are persistent that the world’s biggest meme coin could just reach new highs this year.
The best crypto to buy now, therefore, would be the one that is able to capture the essence of DOGE and funnel some of its growth into itself.
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