Memecoin Update Week 52 of 2024

Weekly update on all things Memecoins

TL;DR

  • DOGE is up

  • SHIB is up

  • Memecoin predictions 2025 – Will they finally learn their lessons from 2024’s rallies?

  • Dogecoin: Analyzing the impact of a 155% address surge on DOGE’s prices

  • MEXC lists XRPL meme coin PHNIX

  • Popcat's Price Decline and Market Share Loss in the Solana Meme Coin Market

  • The Future of Dogecoin: Utility, Transparency, and Regulatory Pressures

  • Rise of Meme Coins on the XRP Ledger: PHNIX Leads the Charge

Dogecoin Price

Crypto is up this week, with DOGE being up 0.77% and SHIB up 2.84%:

Dogecoin (DOGE) Weekly Analysis

Market Performance

Dogecoin (DOGE) is showing mixed performance this week. As of now, DOGE is priced at $0.3142, reflecting a marginal increase of 0.06% in the last 24 hours, with a live market cap of $46.3 billion. DOGE boasts a circulating supply of 147.31 billion coins and a max supply of 147.37 billion. Trading volume in the last 24 hours stands at $3 billion. Interestingly, DOGE's price is now accessible in INR, expanding its reach to Indian traders.

Historical data suggests that December is a significant month for Dogecoin, with an average monthly growth of 22.2% over the last decade. However, DOGE is currently down 23% this month. For the coin to align with its historical average, a rally of 50% would be required in the remaining days of December. Despite the challenge, analysts remain optimistic, citing November's impressive 161.5% growth as a potential catalyst. With ongoing bullish momentum in the market, investors are watching closely to see if DOGE can replicate its previous December achievements.

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