It seems that the next round of cryptocurrency bull market is about to start, and spot Bitcoin ETFs are likely to be approved. In addition, the Federal Reserve will continue to suspend monetary tightening policies and may begin lowering benchmark interest rates early next year
It seems that the next round of cryptocurrency bull market is about to start, and spot Bitcoin ETFs are likely to be approved. In addition, the Federal Reserve will continue to suspend monetary tightening policies and may begin lowering benchmark interest rates early next year.
Although Bitcoin has always been the leader in the cryptocurrency market, rising nearly 11% last week, counterfeit coins are also starting to catch up. The meme asset class also shows signs of bullishness. According to CoinMarketCap data, the total market value of this type of cryptocurrency has increased by nearly 2% in daily time, with an average price increase of 5%.
Dogcoin and Chaigou, the two best performing cryptocurrencies in the previous bull market, seem to replicate their success again in the upcoming bull market. The daily average increase of Doggou Coin and Chaigou is close to 2%, indicating that they are about to break through the key level of $1.
Although Dog Coin will continue to receive support from Elon Musk, Chaigou is also expected to receive strong support from the Shibarium project.
Dog coins and firewood are about to break through - are they expected to break through $1?
Memetics have once again demonstrated their profitability potential, with Floki cryptocurrencies soaring by 25% in the past day. Even Pepe showed a 5% increase during the same period.
According to experts, top-level meme tokens such as dog coins are expected to become the next token to experience explosive price growth. In the past 24 hours, Doge has increased by 2%, with a current trading price of over $0.06, a market value of $86 billion, and a trading volume of $1.2 billion. The price level of $0.06 is a key resistance point, and Doge may witness a strong bullish continuation.
Famous Trader @ ali_ Charts stated that Doggie Coin is also about to break through the years of decline triangle. He believes that if the weekly closing price exceeds $0.0835, Doge may soar to the $1 mark.
SHIB has surged 2% in the past 24 hours, with a market value of $4.17 billion and daily trading volume of $71 million. A rebound to the $0.0000072 mark will break through the 30-day simple moving average and index moving average, and may lead to a strong continuation.
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