Dogecoin (DOGE), the world’s largest meme coin, has been building a “bullish foundation,” according to experts, priming it for a potential price pump.
The DOGE price is up 18% since October’s low, and with the technicals aligning favorably, many believe the coin could be set for a fruitful end to 2023.
Meanwhile, under-the-radar meme coins Meme Kombat (MK) and FLOKI (FLOKI) could also see their prices surge and have each received backing from prominent crypto pundits.
Dogecoin Reclaims Crucial $0.07 Level After Surging Throughout October
After months of lackluster price action, DOGE surged to $0.075 in late October, reaching its highest level since August 14.
This upside move allowed the coin to reclaim the vital $0.070 level and establish support above its 50-day Exponential Moving Average (EMA) on the daily time frame.
According to crypto analyst Crypto Tony, who boasts over 349,000 Twitter followers, holding this support zone is vital for DOGE to build a proper “bullish foundation.”
Crypto Tony also speculated that DOGE could experience a “trigger pump” should the market conditions remain favorable.
If his analysis proves accurate, the $0.09 level would be an upside target for Dogecoin, representing a further 33% rise from today’s price.
However, risks remain, with DOGE consolidating in a tight range over the past six days.
This consolidation period could be down to profit-taking after such a sharp rise, with DOGE bulls speculating that it’s simply a much-needed pause before another leg up.
Meme Kombat Offers Staking, Battles, & a Limited-Time Presale Ahead of Launch
As Dogecoin builds its foundation for a potential price pump, other meme coins are also gaining traction.
One such project is Meme Kombat (MK), a new crypto platform combining viral memes with combat gaming.
Meme Kombat offers an engaging battle arena where players can bet on fights between AI meme characters using the native MK token.
The unpredictable battles and ability to earn large MK prizes complement Meme Kombat’s staking mechanism, which offers projected yields of 112% per year.
With the meme coin market seeing an uptick in interest recently, Meme Kombat looks poised to capitalize on the bullish trend.
As noted by analyst Crypto Tony, Meme Kombat’s team is also fully doxxed, which adds a layer of trust in a sector where anonymity often prevails.
Additionally, the project is led by Matt Whiteman, who has extensive experience in the Web3 space and previously served as the COO of Phat Loot DeFi.
With its innovative platform, staking rewards, and ongoing presale, Meme Kombat checks all of the boxes of a meme coin that’s ready to take advantage of any upcoming Dogecoin pump.
Over $1.1 million has been raised for the Meme Kombat project already, and with MK tokens on offer for just $0.183, many early backers believe now is the ideal time to get involved on the ground floor.
FLOKI Rallies 82% in October as Developers Build Out Ecosystem
FLOKI (FLOKI) is another meme coin contender that could benefit from Dogecoin’s momentum.
Inspired by Elon Musk’s Shiba Inu named Floki, FLOKI brands itself as more than just a meme coin, but rather a movement and ecosystem.
Propelled by this approach, FLOKI has seen significant growth recently and is now ranked as the world’s fourth-largest meme coin by market cap.
Analyst Crypto Tony noted that Floki Inu is looking “incredible” lately – further bolstering the positive sentiment around the token.
FLOKI is up 82% from October’s low yet has pulled back by 29% from last week’s high.
No specific catalyst has been given for this pullback, meaning that it’s likely a significant degree of profit-taking from speculative investors.
Regardless, the future of FLOKI looks promising, and with the developers continually building out the token’s ecosystem, there could be further gains ahead for long-term holders.
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