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pepe
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bonk
Bonk (BONK)
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bitcoin
Bitcoin (BITCOIN)
$86,825 -0.67%
ethereum
Ethereum (ETHEREUM)
$2,896 0.00%
binancecoin
BNB (BINANCECOIN)
$854.08 0.37%
solana
Solana (SOLANA)
$136.36 -0.02%
ripple
XRP (RIPPLE)
$2.16 -1.64%
shiba-inu
Shiba Inu (SHIBA-INU)
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pepe
Pepe (PEPE)
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bonk
Bonk (BONK)
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Best Memecoins to Purchase Today, November 26 - DOGE, PENGU, TRUMP

Highlights:

  • The best memecoins to purchase today include Dogecoin, Pudgy Penguins, and OFFICIAL TRUMP, riding market buzz.
  • Dogecoin gains fresh attention with ETF launches, boosting its appeal despite recent dips.
  • PENGU and TRUMP show signs of technical breakouts as traders eye strong demand zones.

The crypto market is beginning to recover, yet it is still too soon to assume that a fast recovery will be able to regain every loss in recent weeks. The overall market cap has surged to $3 trillion despite a decline in trading volume. The memecoin sector is displaying mixed sentiment as tokens trade in red and green. In the section below, we will discuss the best memecoins to purchase today, such as Dogecoin, Pudgy Penguins, and OFFICIAL TRUMP.

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Best Memecoins to Purchase Today

1. Dogecoin (DOGE)

The largest memecoin, Dogecoin, is up by 1.50% over the last 24 hours, pushing the price to $0.150. Despite this latest bullish momentum, the memecoin remains down by 5% and 25% on the weekly and monthly charts, respectively. The market cap is standing at around $23 billion.

Source: CoinMarketCap

Bitwise Dogecoin ETF will start trading today on the NYSE Arca under the symbol BWOW. This is after regulatory approval and seeks to provide investors with a regulated option based on Dogecoin. The memecoin boasts a market cap of $23 billion and sees trading volumes of more than $1.5 billion.

The DOGE ETF by Grayscale, introduced earlier this week, experienced first-day flows of $1.4 million. Analysts believe that the entry of Bitwise will generate additional attention. Moreover, more firms are pursuing launching Dogecoin-based products, which makes it one of the best memecoins to invest in today.

2. Pudgy Penguins (PENGU)

Pengu has seen its price decline by more than 50% over the last 30 days. However, the price has recovered above the $0.100 mark as it tries to break out of the descending channel. With the bears holding the ground tight, its market cap and trading volume have declined to $690 million and $140 million, respectively.

Source: CoinMarketCap

With the market recovering from the recent setback, the upcoming price movement in PENGU positions it as one of the best memecoins to purchase today. The memecoin is exhibiting an interesting trend on the daily chart, and this has attracted investors’ attention.

Analyst Ali Martinez pointed to a possible breakout that is developing as the Relative Strength Index (RSI) approaches a downward resistance trendline. This was a similar pattern to when the RSI broke back in late June, leading to a 370% price surge. The move began at approximately $0.008 and reached highs of $0.039 before gradually declining.

3. OFFICIAL TRUMP (TRUMP)

After rallying toward the $10 mark this month, TRUMP failed to maintain the momentum and stumbled again. The price currently hovers around $6.17 with a modest decline of 0.90% over the last 24 hours. Moreover, it has declined by 12% over the past week.

Source: CoinMarketCap

TRUMP’s weekly chart is showing a sharp downward trend and a potential bottom, according to crypto analyst Rose. The descending wedge indicates consolidation that is on the verge of ending. The current price movement falls within a powerful demand area, denoted at the 6 level. This region corresponds to levels of support that have been experienced in the year.

Rose noted two upward targets that the bulls target, which are $14.095 and $18.422. The chart formation makes it emerge as one of the best memecoins that traders can buy today, anticipating a major technical breakout.

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