Next Memecoins to Explode, December 11 – Dogecoin, FLOKI, Shiba Inu

Highlights:

• Dogecoin, FLOKI, and Shiba Inu top as the best memecoins to explode.
• Memecoin’s market cap and trading volume have seen a significant decline.
• Bullish patterns, innovations and market experts suggest potential significant price increases for the mentioned memecoins.

The crypto market shows a mixed sentiment today despite a slight recovery from yesterday’s slump. Bitcoin has seen a slight recovery trading at $97,994 while most of the top ten altcoins display significant declines. However, XRP is trading in green following the approval of the RLUSD’s stablecoin from the NYDFS.

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The global crypto market cap has seen a modest gain of 0.05% at $3.49 trillion while the 24-hour trading volume has declined by 19% at $275 billion. Despite the bearish sentiment, the fear and greed index has dropped from extreme greed to greed sentiment at 73. 

In addition, the memecoin sector has followed the same trend, with its market cap declining to $115 billion. Moreover, its trading volume has seen a significant drop of 30% to $29.80 billion. As the bearish sentiment prevails, here is a look at the best memecoins to explode, such as Dogecoin, FLOKI and Shiba Inu.

Best Memecoins to Explode

1. Dogecoin (DOGE)

The largest memecoin, Dogecoin, displays a bearish outlook following the broad market downturn. DOGE has declined by 3.80,% dropping below the $0.400 key level to trade at $0.3900. Furthermore, the market cap and trading volume have declined to $57.72 billion and $9.42 billion, respectively. 

According to cryptocurrency analyst Trader Tardigrade, Dogecoin’s movement on the macro chart demonstrates a pattern transitioning through the oversold and overbought zones. Currently, DOGE is heading towards these projected peaks of around $8-$10, which could be the cycle’s top.

#Dogecoin has been bouncing between the Oversold and Overbought Zones on macro chart 🔥$Doge has just left the oversold zone and is now heading to the overbought zone, which is projected linearly at around $8 to $10.
I consider this is the top of this cycle.
The next floor price… pic.twitter.com/LiOIuZaX63

— Trader Tardigrade (@TATrader_Alan) December 9, 2024

However, the analyst expects a sharp fall to a support range between $0.8 and $1.8. This potential low offers a strategic buying opportunity making Dogecoin one of the best memecoins to explode following the current market sentiment. 

2. FLOKI

FLOKI has been consolidating around the $0.0002100 region after facing a stiff rejection at the $0.000300 region. As of this writing, FLOKI is exchanging hands at $0.0002294, down by 1.90% in the past 24 hours. In addition, the memecoin’s market cap and trading volume have declined to $2.2 billion and $762 million.

FLOKI recently expanded its Europe reach with a debit card. With this card, users can simply manage the crypto assets and transact in the crypto seamlessly with countless merchants across the globe with Visa or Mastercard. Moreover, it provides zero exchange and transaction fees, making it even more attractive.

FLOKI DEBIT CARD IS NOW AVAILABLE

The Floki Debit Card is officially live, allowing users to spend their crypto assets at millions of merchants worldwide that accept VISA or Mastercard.

Key Features:
– 0% transaction fees
– 0% exchange rate fees
– Support for 8+ blockchain… pic.twitter.com/9kYSpLRXip

— FLOKI (@RealFlokiInu) December 9, 2024

Furthermore, FLOKI offers both virtual and physical card options to accommodate a mutually extensive user base. However, there are certain restrictions due to the regulatory framework. The card is not available in countries with OFAC sanctions list and other specific regions. The upcoming adoption and community growth position FLOKI as one of the best memecoins to invest in.

3. Shiba Inu (SHIB)

Despite losing ground over the past week and recording a decline of 9%, SHIB bulls have overwhelmed the bears. As of press time, SHIB is trading at $0.00002740 up by 1.50% in the past 24 hours. SHIB’s market cap and trading volume stand at $16 billion and $2.26 billion, respectively. 

Crypto analyst CryptoElites has highlighted a potential surge in Shiba Inu’s market. According to the analysis, the weekly candle chart of SHIB has a bullish cup and handle pattern, suggesting a continued uptrend. Furthermore, the price could soon break through a descending trendline since October 2021, pushing to $0.000085171, $0.000183312, and $0.000472905.

SHIB / USDT Targets!

Here are my sequential targets for $SHIB:
1️⃣ 0.000085171
2️⃣ 0.000183312
3️⃣ 0.000472905

📈 The technical outlook is positive. As $BTC dominance decreases, SHIB will take the stage! 🔥

#SHIB #Shiba $Shiba #Altcoins pic.twitter.com/CXsRqObNq8

— @CryptoELlTES (@CryptooELITES) December 10, 2024

The price movement is dependent on a shift in Bitcoin’s market dominance, which, if reduced, the capital could shift into altcoins and memes. Such a market shift makes SHIB one of the best memecoins to explode in the current bull market.

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