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Despite their high volatility, memecoins remain one of the asset classes the most exploited on the market. These cryptos, which started as jokes, continue to surprise with sometimes spectacular market movements.
Dogecoin and Shiba Inu, key figures of the genre, are the subject of ambitious forecasts, fueled by careful technical analyses. Thus, between upside potential and uncertainties, these assets remain as attractive as they are unpredictable.
Dogecoin: A fractal that could herald the price explosion
Dogecoin seems replay a scenario that we have already seen in 2021, the one where its price soared towards $0.73 following a well-defined fractal. According to Trader Tardigrade, a recognized analyst on X, the same pattern is forming today.
When we analyze the crypto-meme price chart, we see the presence of a local peak, a bullish recovery and a rounded consolidation phase. And if this configuration holds up, DOGE could exceed $4 in January 2025.
Additionally, Javon Marks, another expert, spotted an almost perfect match with the 1.618 Fibonacci level, a key marker of Dogecoin’s past rallies. However, all is not rosy for crypto, since its trading volume has been at half-mast for several days and reflects a certain hesitation in the market, although it can also signal the running out of steam among sellers.
Shiba Inu: A transformation towards a more robust ecosystem
Shiba Inu has clearly decided to move away from simple memecoin status to become a serious player in the blockchain. After the launch of its Shibarium solution (layer 2) which reduces costs and boosts performance, its metaverse “SHIB: The Metaverse” which mixes NFT and virtual goods, it recently implemented blockchain games like Shiba Eternity. It is obvious that SHIB is being built a real ecosystem in the market.
On a technical level, the token is also moving: the price has recently bounced off the 200DMA, a key indicator that shows the bulls could regain control.
If everything went according to plan, SHIB could revisit its 2021 highs at $0.000087 and why not go further if a new meme season occurs in 2025. However, the path is strewn with pitfalls: it still has to prove that it can do better than ride the hype and compete with more established blockchain projects.
The memecoin market: Between opportunities and uncertainties
Memecoins like Dogecoin and Shiba Inu operate in a universe where community enthusiasm, wild speculation, and bull cycles play a central role. But this enthusiasm is a double-edged sword : When the hype disappears, volatility takes over, and prices can fall as quickly as they rose.
On the charts, Dogecoin shows recovery potential, however its low trading volume is an alert, a sign of investor hesitation. On the other hand, Shiba Inu is trying to escape this speculative dynamic by building a real blockchain ecosystem, with increasing adoption of technologies like NFTs and metaverses.
However, both coins remain strongly influenced by external factors: crypto regulation, global economic policies and even Elon Musk’s tweets. With 2025 approaching, many analysts are betting on a new bull cycle that could revive interest in these cryptos.
However, volatility remains the key word here. Meme coins are certainly attractive thanks to their potential for explosive gains, but they also require extreme vigilance, because a sudden reversal is always possible, especially for those who bet everything on these highly speculative assets.
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