Highlights:
- Dogecoin trading volume has increased as the foundation buys 10 million DOGE to support the payment currency vision.
- PEPE holders have increased despite a price drop, showing quiet accumulation and possible bullish sentiment.
- SHIB long-term holders have surpassed Ethereum, showing strong investor confidence in the memecoin’s future.
The overall crypto market cap has fallen by 3.15% to $2.73 trillion in the past 24 hours and has wiped all the small gains made earlier in the week. However, the trading volume has increased 21.16% to $89.71 billion. The fear and greed index remains in the fear zone. The market is experiencing major sell-offs as the trade war still continues to hurt the broader market.
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The memecoin market has followed the market trend and is down 7.7% to 54 billion, according to CoinGecko data. All the top 20 memecoins by market cap are trading in the red zone in the daily chart as of press time. Despite the bearish mood in the overall market, these are the next memecoins to explode.
Next Memecoins to Explode
1. Dogecoin (DOGE)
DOGE is trading at $0.1779, a 3.39% decrease in the past day. However, the trading volume has surged 3.64% to $1.33 billion. Meanwhile, the market cap stands at $26.42 billion. The coin has increased 5.16% in the weekly chart but lost 13.34% in the monthly chart.
The surge in the trading volume comes after House of Doge, the newly formed corporate arm of the Dogecoin Foundation, announced the formation of the Dogecoin Reserve. In order to strengthen the reserve, the foundation purchased 10 million Dogecoin, worth just over $1.8 million. The Dogecoin Foundation hopes to position DOGE as a payment currency and to show that it can be used for everyday payments at very low fees.
Meanwhile, popular trader Tardigrade predicts that DOGE is set to hit a high of $1 soon. According to his analysis of the weekly RSI, he suggests that the coin is on a potential rebound from the current level. In another analysis, he has pointed out $0.178 and $0.164 as the key support levels for the coin. He anticipates that the uptrend will continue if the price remains above $0.178. However, if the price drops below $0.614, the downtrend will start.
#Dogecoin weekly RSI suggests a strong potential rebound from the current level 🔥$Doge: $1 on the way 🚀 pic.twitter.com/6DzAhtEeck
— Trader Tardigrade (@TATrader_Alan) March 28, 2025
2. Pepe (PEPE)
The frog-themed coin is trading at $0.000007686, with a 4.67% decrease in the past 24 hours. The market cap has decreased to $3.23 billion, and the trading volume is down 20.62% to $453.27 million. However, the PEPE has seen a 4.40% increase in the weekly chart.
Despite the bearish mood in the market, there are signs that investors are quietly accumulating the coin. CoinCarp data shows that the number of PEPE holders increased to 417,525 yesterday from 407,639 at the start of the month. In most bearish cases, the number of holders drops, but recent data shows a surge.
Meanwhile, analyst CryptooELITES has identified a cup and handle pattern in PEPE’s chart. According to his analysis, the chart shows clear support zones at key Fibonacci levels. According to him, the pattern suggests a bullish momentum if the current support holds.
Pepe Coin – 40X Growth Incoming!
I’ve shared the dip point with you all, and we’re getting ready for the rise!
Tg : https://t.co/EeTzlicwoM$Pepe #Pepe #Crypto pic.twitter.com/bsmyLdOaAl
— @CryptoELlTES (@CryptooELITES) March 28, 2025
3. Shiba Inu (SHIB)
SHIB is trading at $0.00001299, reflecting a 3.06% increase over the past 24 hours. The trading volume of the coin stands at $217.46 million, which is an 11.76% decrease over the past 24 hours. In addition, the market capitalization has decreased to $7.65 billion.
The number of long-term holders of SHIB has surpassed Bitcoin and Ethereum, signaling growing investor confidence in the memecoin. According to data from IntoTheBlock, 76% of SHIB holders have held their tokens for over a year. Moreover, the average holding time of the coin is now 2.6 years and has outpaced Ethereum despite SHIB being a much younger asset. However, Bitcoin still leads at 4.4 years. The long-term holding of the coin is a bullish signal, and the coin is expected to surge when the market recovers.
Shiba Inu Surpasses Bitcoin and Ethereum in Long-Term Holder Ratio
In a stunning turn of events in the crypto world, Shiba Inu (SHIB) has officially surpassed Bitcoin and Ethereum in the ratio of long-term holders, according to recent data from IntoTheBlock.
As of now, 76% of…
— Mikey.shib (@Candlemaker34) March 27, 2025
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