Dog Meme Coins Surge as Dogecoin, Dogwifhat, and Floki Jump Over 10%

The meme coin market is still dominated by cryptocurrencies with dog themes, such as Dogecoin, Dogwifhat, and Floki, which are currently seeing double-digit gains.

Dogeverse, a brand-new multi-chain meme coin, is competing for the title of top dog as well, having raised more than $13 million during its presale.

Meme Coin Frenzy Drives DOGE, WIF, and FLOKI to Explode

With the cryptocurrency market experiencing a clear upswing, investors are increasing risk tolerance and piling into meme coin holdings.

Dogecoin, Dogwifhat, and Floki are three of the biggest winners, each surpassing the other contenders for large-cap meme coins.

The market capitalization of meme coins has increased by 9%, more than twice the gains made by the overall cryptocurrency market, which is up 3.9% today.

But even more remarkable gains have been recorded by Dogecoin, Dogwifhat, and Floki, which have increased by 11.1%, 16.3%, and 15%, respectively.

Dogecoin is currently trading at $0.149; it has increased 3.9% today and 1.7% this week but decreased 14% this month. With a market capitalization of $21 billion, it has a 24-hour trading volume of $1.4 billion.

Analysts predict that Dogecoin will maintain its current momentum in the upcoming days and weeks.

Trader Tardigrade believes a parabolic upswing will happen soon and compared the current price action of Dogecoin to the previous market cycle.

"On a weekly basis, Dodge is reproducing the chart pattern from the previous cycle. After this consolidation, there will be another significant pump,” he wrote.

Next, let's talk about Dogwifhat. At $3.27, it is up 16.3% today, up 21.6% this week, but down 8.7% this month.

Technical analyst Atlas believes that soon after a significant support level retest, Dogwifhat will rise toward its all-time high of $4.69. In addition, the trader offers a longer-term forecast indicating that WIF will rise to $10.

At $0.0001934, Floki is up 15% today and 10.7% this week, but down 1.1% for the month. Its market capitalization is $1.8 billion, and its 24-hour trading volume is $260 million.

Noting that it recently broke out of a bullish flag to the upside, paving the way for the next leg up, renowned analyst Captain Faibik predicts more gains are imminent.

"Upside breakout and bullish flag." Forward it to Mars," he penned.

According to Captain Faibik's analysis, Floki might be approaching $0.00046.

This does indeed indicate a positive future for the three dog-themed meme coins, but Dogeverse—the first multichain doge cryptocurrency—is another contender with a lot of promise.

Could Dogeverse Become the Next Prominent Dog Meme Coin? Presale Raises $13M

Dogeverse, the chain-hopping dog, is excited for the launch of its exchange after experiencing unheard-of success during its presale campaign. 

Prominent analysts are highly optimistic about the project, citing its unique use case and early success as reasons why it might become the next viral coin to go viral. 

For example, Jacob Bury estimates that it could yield a 100x ROI once it launches on exchanges.

Dogevese will go live on the six most popular blockchains with smart contracts enabled. On Ethereum, Base, BSC, Polygon, and Avalanche, his epic journey has already started. The Solana token will shortly go live.

This innovative application of cross-chain technology offers an unmatched degree of on-chain accessibility, contributing to the long-term stability and growth of the project.

Additionally, the intriguing multichain strategy aims to bring the previously disparate blockchain communities together under the Dogeverse banner.

The remarkable total raise indicates that this has already connected with investors, but Dogeverse's staking system heightens the anticipation.

Investors in the presale can stake their tokens right away and earn an 82% annual percentage yield. However, they must move quickly to secure the greatest upside potential, as this will decrease as the staking pool expands.