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Dogecoin, Pepe and Bonk Prices Skyrocket; investors are turning to this very coin

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Disclosure: This article does not represent investment advice. The content and materials presented on this page are intended for educational purposes only.

Meme coins take the lead despite a broader market rise. Currently, Dogecoin is up 19%, Pepe added 16%, and Bonk jumped 42%.

Traders are also considering the multi-chain meme coin, Smog, which is making its airdrop and offering staking rewards.

DOGE, PEPE and Bonk soar as BTC surpasses $60,000

The latest pump in the meme coin sector follows a broader market rally, with Bitcoin crossing $60,000 and flirting with its highest monthly close on record.

But despite Bitcoin’s rise, meme coins are stealing the show, with Dogecoin, Pepe and Bonk all up significantly.

Currently, Dogecoin is trading at $0.11, up 19.74% today, 36% this week, and 43% this month. It has a market cap of $16 billion and a 24-hour trading volume of $4 billion, up 114% today.

Excitement is building around the market’s leading coin, with analyst Yomi recently pointing out that this is the “fourth time in history that it has issued a 2-week supertrend buy signal.”

He then explained: “Once each buy signal was confirmed, parabolic price action immediately began for the coming months. »

Dogecoin, Pepe and Bonk Prices Skyrocket;  investors are turning to this coin meme - 1

Moving to Pepe, its price is $0.000003093, up 16% today, 177% this week, and 191% this month.

The increase pushed Pepe’s market capitalization past $1 billion for the first time since May, with some analysts suggesting it marks the start of “meme coin season.”

Currently, Pepe has a market cap of $1.3 billion and a 24-hour trading volume of $2 billion, up 41% today.

Trader Plazma recently published an analysis on X, predicting that Pepe will “collapse”.

In another tweet, Plazma speculated that Pepe could break his all-time record in the coming days. Currently, it is up 27% from its May 5, 2023 ATH of $0.000004354.

Dogecoin, Pepe and Bonk Prices Skyrocket;  investors are turning to this meme coin - 2

Meanwhile, Bonk has also started to gain momentum recently, priced at $0.00002 and up 42% today, 80% this week, and 72% this month. It currently holds a market capitalization of $1.3 billion and a 24-hour trading volume of $770 million.

In a recent chart analysis, analyst Caleb Franzen speculated that Bonk could be preparing for another breakout as its price advances over a crucial resistance level.

The analyst noted other promising factors like a bullish divergence in the RSI, holding its support “multiple times” and the price starting to make higher lows.

Caleb published the analysis when Bonk was trading at $0.000014, but it has since broken resistance, strengthening the likelihood of a continuation of the uptrend.

Dogecoin, Pepe and Bonk Prices Skyrocket;  investors are turning to this coin meme - 3

These recent rises, combined with the pervasive bullish market sentiment, potentially signify the start of a longer-term uptrend for meme coins.

But as the rally progresses, traders will look for alternative opportunities outside of the market leaders to diversify and increase their upside potential.

So far, some investors are turning to Smog, a multi-chain staking project whose airdrop is underway.

Smog: the next coin to rally?

Smog is a new meme coin on Solana and Ethereum.

Its multi-chain approach provides widespread access to the two major meme coin markets.

It’s a dragon-themed project, and its website begins with “One coin to rule them all”, with the aim of “cremating all its enemies”.

Smog’s trend-savvy team has allocated 35% of the token’s total supply to be distributed through an airdrop campaign, following successful projects like Jupiter, Starknet, and Pyth Network.

Dogecoin, Pepe and Bonk Prices Skyrocket;  investors are turning to this meme coin - 4

To be eligible for the airdrop, one must purchase and hold Smog, and participants can increase their chances of winning through tasks outlined on the project’s Zealy page.

This includes promoting Smog on X, following its social networks and interacting with its posts on different websites.

This approach has helped Smog grow a community of over 31,000 members on X and 16,000 members on Telegram.

Given the community nature of meme coins, the Smog airdrop may be an opportunity.

With the aim of building long-term community loyalty, Smog has a staking mechanism offering an APY of 42%. So far, 14,105,150 SMOG have been staked.

Market participants can purchase Smog on Solana using a DEX like Jupiter or Birdeye.

However, staking is only available on the Ethereum network.

Holders can link their tokens to Ethereum using Portalbridge.com and then stake them on the Smog website.

Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.

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