Next Memecoins to Explode, April 12 – Shiba Inu, Dogecoin, Dogwifhat
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Highlights:
- Shiba Inu burns 16 million tokens in 24 hours as the price shows signs of recovery in the crypto market.
- Dogecoin whales buy 80 million DOGE, and ETF filings raise hopes for stronger market exposure.
- Dogwifhat price jumps 13% as it breaks resistance and adds real-world use for luxury car purchases.
The overall crypto market cap is up today by 2.53% to $2.64 trillion in the past 24 hours. However, the trading volume has decreased 16.97% to $85.89 billion. The fear and greed index remains in the fear zone at an index of 27. The market is trying to recover as the trade war between the United States and China escalates.
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The memecoin market has also recovered, with most of the top 10 memecoins trading in the green zone today. According to CoinGecko data, the memecoin market cap is up 6.8% to $49 billion. As the overall market recovers, these are the next memecoins to explode.
Next Memecoins to Explode
1. Shiba Inu (SHIB)
SHIB is trading at $0.00001226, a 2.55% increase in the past day. However, the trading volume has dropped 23.58% to $159.85 million. Meanwhile, the market cap stands at $7.22 billion. The coin has increased 1.23% in the monthly chart but lost 0.36% in the weekly chart.
SHIB is showing signs of recovery as the overall crypto market continues to recover. Meanwhile, SHIB has resumed its burn pace, with more than 16 million tokens eliminated from supply in 24 hours. According to Shibburn, the burn represents a 580.28% increase in its burn rate. The move points toward an effort by the SHIB community to reduce the supply of the coins.
HOURLY SHIB UPDATE$SHIB Price: $0.0000122 (1hr 0.08% ▲ | 24hr 5.46% ▲ )
Market Cap: $7,187,116,903 (5.68% ▲)
Total Supply: 589,252,243,610,998TOKENS BURNT
Past 24Hrs: 16,607,692 (580.28% ▲)
Past 7 Days: 79,148,012 (-57.86% ▼)— Shibburn (@shibburn) April 11, 2025
The burning involves removing the tokens from the supply by burning them in dead wallets with the aim of reducing the total circulating supply. In turn, a reduction in the circulating supply boosts the price of the token. With the latest burn and the overall recovery of the market, SHIB is set to soar in price.
2. Dogecoin (DOGE)
The largest memecoin by market cap is trading at $0.1623, with a 3.53% increase in the past day. Its trading volume has decreased by 23.28% to $850.81 million, while the market cap stands at $24.16 billion. DOGE is down 3.85% and 4.51% in the weekly and monthly charts, respectively.
Despite the volatility in the market, DOGE whales have been accumulating. According to popular analyst Martinez, whales bought over 80 million DOGE yesterday. Although the number is short of its highest single-day buy, it represents a bullish signal for the coin.
Whales bought over 80 million #Dogecoin $DOGE in the last 24 hours! pic.twitter.com/2PmXS2iJRQ
— Ali (@ali_charts) April 11, 2025
In addition, institutional interest continues to rise with fresh applications for a Dogecoin ETF. 21Shares recently filed with the SEC for a Dogecoin ETF. If approved, investors will gain exposure to the coin without having to buy or store it directly. Grayscale and Bitwise have also filed for a Dogecoin ETF. Separately, 21Shares also partnered with the House of Doge to launch a Dogecoin ETP in Europe. The launch is expected to increase the exposure of the memecoin to investors.
3. Dogwifhat (WIF)
The Solana-based coin is trading at $0.4255, with a 12.75% increase in the past 24 hours. The market cap has increased to $425.07 million, and the trading volume is down 2.32% to $170.69 million. However, WIF has seen a 9.26% increase in the weekly chart.
According to a popular trader, WIF has broken from a descending channel formation on the daily chart, and a continuation of the trend could propel the coin toward $2.93 in the long run. This represents a 300% move from its current price.
Dogwifhat has broken through the descending channel formation on the daily chart🔥
A continuation of this bullish trend could propel $WIF towards $2.93, representing a possible 300% move🚀👇Crypto Traders-join Telegram👇 https://t.co/4ApYM0VIA5
. pic.twitter.com/fFuRdYmuGG— Whales_Crypto_Trading 🐋 (@WHALES_CRYPTOzz) April 12, 2025
Meanwhile, Crypto Autos has partnered with Dogwifhat to enable holders of the coin to purchase luxury cars using the coin. The partnership will expand the utility of the coin and drive the price of the memecoin higher.
Dogwifhat & CryptoAutos Integration
CryptoAutos is proud to welcome @dogwifcoin ($WIF) to our platform—holders can now use their $WIF to purchase luxury cars directly through CryptoAutos.
Dogwifhat, one of the most recognizable and culturally iconic memecoins on Solana, has… pic.twitter.com/4fq0az96qh
— CryptoAutos (@CryptoAutos_) April 9, 2025
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