One of the latest stories taking the tech world by storm is Elon Musk taking over Twitter and firing three of its top officials. Following this shocking action and his most recent tweet, an explosion occurred in the price of Dogecoin. In light of this, other popular meme tokens are also rising.
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Are Meme Coins Rising With Dogecoin Prices? Shiba Inu, Tamadoge, FLOKI, DC, Samoyedcoin
While some traders put their faith on hold despite this event and its significant impact, others believe another meme coin could be the next cryptocurrency to go viral as a beta response to the DOGE price movement. Join us as we take you through some of them.
1. Tamadoge
Tamadoge, one of the most recent meme coins, was introduced in late September and has recently outperformed Dogecoin in price, rising more than 12%.
A few of its latest accelerators for growth were examined by analyst Jacob Bury, including NFT, declines, the creation of cryptocurrency games, and potential exchange listings.
Tamadoge outperformed Dogecoin since early Saturday, rising over 100% from 0.02 to about 0.04 dollars.
2.Shiba Inu (SHIB)
The price movement of the Shiba Inu cryptocurrency has been extensively monitored by Altcoin Sherpa (https://twitter.com/AltcoinSherpa/status/1587073777300537344), which has 186,000 followers.
He predicted over the weekend that the SHIB price would rise in line with the price of Dogecoin, and today SHIB is up about 8%.
Nevertheless, he anticipates a bullish double-top formation to appear on the SHIB price chart.
3. Dogechain (DC)
With 187,000 followers, Daan Crypto Trades (
) pointed out that Dogechain (DC) was anxiously awaiting the Dogecoin price this weekend.
Low market cap meme coins represent some of the most volatile digital assets, but today's DC price is in the red, down 15%.
4. Floki Inu (FLOKI)
According to Phoenix ([@Phoenix Ash3s0 https://twitter.com/Phoenix_Ash3s/status/1587087929201070080]), the price of the Floki Inu has risen by 24% in the past day and is more than twice its low from last month.
He posted a potential trading setup with a 0.000015 FLOKI price goal to his 80,000 followers.
5. Samoyedcoin (SAMO)
Adi NINJA (
), a cryptocurrency trader, compared the price charts of Dogecoin and Samoyedcoin. Although it increased 45% last week, the SAMO price is unchanged this week.
Samoyedcoin, Tamadoge, and Dogechain are all listed on MEXC.
Would you like to add some more to this list? Feel free to ask them in the comments section.