Memecoin Market Is Dead: CryptoQuant Warns Dogecoin Era Is Over
In the wild crypto year of 2024, Dogecoin, Bonk and similar tokens made many investors rich — until the crash came. According to one expert, there is no way back.
In the wild crypto year of 2024, Dogecoin, Bonk and similar tokens made many investors rich — until the crash came. According to one expert, there is no way back.
Elon Musk, a well-known Dogecoin supporter, plans to take his company SpaceX public and is targeting a valuation of around 1.5 trillion US dollars. This could have a positive impact on DOGE.
Dogecoin (DOGE) is aligning with the broader altcoin recovery, currently trading near $0.244 and just below last month’s high. After a correction down to the 200-day EMA, buyers are attempting to regain control and set the stage for another bullish breakout.
Dogecoin’s price could reach $1.4. According to analyst Bitcoinsensus, the weekly chart of the meme coin shows a bullish pattern pointing to the potential for a strong rally
The memecoin launchpad Pump.fun has recently emerged as one of the crypto market’s top performers, showing resilience despite weak sentiment across the sector
Daily Chart: Technical Confluence at $0.20—Can the Bulls Defend?
The memecoin frenzy that dominated the crypto markets earlier this year is showing clear signs of exhaustion, most notably reflected in plummeting volumes on Solana-based launchpad Pump.fun. After peaking in January with the explosive launch of the Trump Coin, the platform has experienced a rollercoaster ride—culminating in a pronounced slump this summer.
The cryptocurrency sector is no stranger to controversy, but the latest storm has been sparked by Anatoly Yakovenko, co-founder of Solana, one of the world’s fastest-growing blockchain projects. Yakovenko’s outspoken comments on social media, where he described memecoins and NFTs as “digital junk” with “no intrinsic value,” have ignited heated debate across the industry. Ironically, his remarks come at a time when Solana itself is capitalizing on the memecoin phenomenon more than any other protocol.
Yakovenko Sparks Debate Over Meme Assets’ Value