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Here’s Why DOGE, PEPE, FLOKI, BOME Prices Are Rising

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Following a highly turbulent price action, the meme coin sector has seen a collective revival, drawing substantial investor interest across the global crypto realm. Notably, popular meme-based cryptocurrencies, including DOGE, PEPE, FLOKI, and BOME, have all experienced a considerable uptick in prices in the past 24 hours. Here’s a collective overview of why the prices are rising, which in turn has sparked immense market optimism surrounding these tokens.

Meme Stocks Revival Glimmers Hope For Meme Coins

In an unprecedented turn of events, meme stocks GameStop (GME) and AMC Entertainment Holdings Inc. have noted a phenomenal price uptick recently. GameStop (NYSE: GME) surged from a price level of $17 to as high as the $64 mark. Whereas, AMC (NYSE: AMC), another meme stock, rocketed from a price level of $3 to as high as $11.

Intriguingly, the revival of these meme stocks has ignited a bustle across Wall Street as these price rallies come in tandem with the revival of the ‘Roaring Kitty’ social media account. Although no significant hints were drawn toward these meme stocks with the account’s revival, the phenomenon’s occurrence has ignited hope for meme-based financial investments.

Currently trading at $49.84, the GME meme stock was 63.68% up today at press time. Meanwhile, trading at $9.24, the AMC stock witnessed gains worth 78.03% today.

Simultaneously, as the meme stocks revived today, the meme coin sector subsequently followed.

Dogecoin (DOGE)

Boasting one of the largest market caps within the meme coin sector, resting at $22.08 billion, Dogecoin has noted gains worth 4.19% in the past 24 hours, reaching $0.1528. This price pump primarily aligns with a strong market uptrend for the dog-themed meme token, per data by Coinglass.

DOGE’s open interest (OI) jumped 7.16% to $843.63 million today, whereas the derivatives volume skyrocketed 85.56% to $4.12 billion. This underscored a notable spike in trading activity, further accompanied by an increase in investor interest, potentially driving the token’s upward momentum.

Pepe Coin (PEPE)

Meanwhile, another prominent meme coin, PEPE, has led the meme coin market rally with an 11.15% upswing witnessed in its price in the past 24 hours. Currently resting at $0.00001066, the frog-themed meme token is experiencing significant buying pressure in the market.

Reports by CoinGape Media have revealed staggering amounts of PEPE accumulated by whales and smart money in recent days. Further, at press time, Spotonchain’s insights showed that a smart trader, 0x37d, has withdrawn a whopping 407.74 billion PEPE from Binance. It’s worth noting that this address previously traded PEPE to accumulate SHIB, noting colossal profits with Pepe coin. Collectively, this data underlined an increase in buying pressure for frog-themed meme token.

Additionally, Coinglass data illustrated a 2.31% increase in PEPE’s open interest to $118.78 million, followed by a derivatives volume upswing of 137.54% to $2.81 billion, reflecting an optimistic sentiment in the market.

Floki Inu (FLOKI)

Another dog-themed meme coin gaining 3.36% in the past 24 hours, reaching $0.0002025, rides along significant buying pressure. Notably, per SpotonChain’s insights, market maker DWF Labs was noted to have withdrawn a staggering 2 billion FLOKI from Binance today. This strategic endeavor also aligns with a bullish proposal for the Floki community in the pipeline.

A token burn proposal initiated for the permanent removal of slightly above 15 billion FLOKI appears to have driven immense market optimism surrounding the token. These factors, coupled with an OI increase of 15.73% and a derivatives volume spike of 244.72%, potentially align with FLOKI’s rising price action.

Also Read: Bitcoin Holds The $61K Mark Despite Gloomy US PPI Data

BOME

Book of Memes (BOME), a Solana-based meme coin, has seen its price jump 2.36% in the past 24 hours and is currently resting at $0.01123. With a 98.08% upswing in its 24-hour trading volume, which is currently resting at $613.95 million, the crypto has garnered noteworthy attention amid meme coins’ revival.

BOME’s open interest spiked 6.45% to $83.93 million, followed by a derivatives volume rise of 37.61% to $738.98 million. This illustrated a market uptrend for the meme coin, potentially driving its rising price action.

Also Read: Tornado Cash Developer Gets 64 Months In Prison For $1.2B Money Laundering

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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XRP ETF Approval Could Spark a ‘Perfect Storm’ for Ripple Coin: Expert

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As the Ripple community eagerly awaits the XRP ETF launch, all eyes are on its potential impact on the token’s price. Experts believe that the US Securities and Exchange Commission’s (SEC) approval of a Ripple ETF and its potential launch spark a ‘perfect storm’ for the coin.

As XRP hovers around the crucial $2 mark, traders and analysts are closely monitoring its movements, particularly in anticipation of the ETF launch. Let’s analyze what expert ‘Good Morning Crypto’ thinks about the ETF’s influence on the coin’s price.

Will XRP ETF Launch Trigger a Ripple Coin Price Surge?

In a podcast, crypto analyst Good Morning Crypto identified an inevitable connection between XRP ETF launch and Ripple coin price surge. According to him, the SEC’s approval of the XRP ETF and the subsequent launch could lead to a price rally that is poised to take the token to new all-time highs.

While acknowledging the exchange-traded fund’s potential to drive a price surge, the analyst used an analogy of “giant vacuum cleaners” to show how ETFs absorb XRP liquidity. This means that the ETFs will remove the asset from circulation, locking it in a secure custodian each time investors buy in. Thus, the launch of an ETF could reduce the availability of the token for trading, which indeed will result in a massive bull run.

ETFs Spark XRP’s Front-Loading Frenzy: A Perfect Storm for Price Growth

Further, the analyst shed light on the favorable regulatory conditions in the US under President Donald Trump. He predicted that with clearer US regulations by August, businesses will start using XRP for payments, leading to increased demand.

As ETFs buy up XRP, creating scarcity, companies may front-load their token purchases. This development could significant trigger a price rally, as pointed out by Good Morning Crypto.

Recently, CoinGape reported that XRP price could hit $15, if the ETF inflows reach $4 billion. This prediction is based on market expert Zach Rector’s analysis, who also forecasted the token’s target of $30 with an ETF inflow of $8 million.

Is XRP Poised for a Rally?

As of press time, XRP is trading at $2.08, with a marginal increase of 0.51%. Despite a 0.96% increase over the past week, the token saw a massive decline of 15.9%.

With speculations of an imminent XRP ETF launch rising, the community expects a bull run in the near future. Analyst Brett recently shared a bullish forecast for XRP price. According to him, XRP’s explosion to an ambitious $10 is imminent.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Cardano Price To Hit $4 If This Happens, Analyst Says Despite 180M ADA Dump

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A renowned crypto market analyst predicted that Cardano price could hit $4 ahead despite the current broader market uncertainty. ‘ALLINCRYPTO’ has forecasted a highly bullish outlook for the crypto recently, primarily against the backdrop of historical data. However, traders and investors are left scratching their heads as the market also saw massive ADA whale dumps, with 180 million coins offloaded.

Cardano Price Eyes $4, Analyst Predicts Citing Historical Data

According to ALLINCRYPTO’s X post on April 18, Cardano price is eyeing $4 as the analyst believes history is set to repeat itself. A major bull run lies ahead as the price is completing its final cycle, per the analyst.

ADA price chart and formationsADA price chart and formations
Source: ALLINCRYPTO, X

For context, the ALLINCRYPTO’s chart spotlights how ADA had a massive bull run as of 2020 and continued till mid-2021. Citing this past performance, the analyst revealed that a $4 price target lies ahead.

Crypto market traders and investors are left speculating if such a feat is even possible amid broader market trends. It’s also noteworthy that historical performances don’t always guarantee future performances, given the dynamic nature of digital assets.

However, another renowned analyst has joined the fray by projecting a bullish outlook for Cardano price. Analyst Ali Martinez revealed in an X post on April 18 that the crypto is consolidating within a triangle, setting the stage for a potential 30% price move. This bullish prediction has slightly tilted the scales towards the optimistic side.

Cardano priceCardano price
Source: Ali Charts, X

ADA coin’s price currently rests at $0.6298, up nearly 2.5% over the past day. The coin’s intraday bottom and peak were recorded as $0.612 and $0.6341, respectively.

Massive Whale Dumps Usher Caution

Besides, recent whale metrics have conversely stirred up some caution among investors, underscoring rising selling pressure on the asset. According to another X post by Ali Martinez, whales took advantage of the recent ADA price upswing to offload 180 million coins in the past 5 days.

ADA whale activityADA whale activity
Source: Ali Charts, X

This massive selling has also hinted at declining market confidence surrounding the cryptocurrency. As a result, market watchers are slightly apprehensive regarding the bullish predictions shared by the analysts.

Besides, a Cardano price prediction by CoinGape also revealed that bears remain in control of the asset at the moment, as per the 3-month bias indicator. In turn, broader market sentiments surrounding the coin’s long-term prospects remain shrouded in an enigma.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Chainlink Price To Hit $26 If LINK Breaks Past This Crucial Level

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The Chainlink price is poised for liftoff, with a bullish rebound on the horizon. As LINK has soared past its key support level, analysts and traders remain bullish about the altcoin’s potential rally new heights.

Analysts like Ali Martinez and CRYPTOWZRD have identified critical levels for LINK, invoking the community’s attention. Let’s unveil Chainlink’s potential movements through the analyses of popular analysts.

Is Chainlink Price Ready for a Rebound?

In a detailed analysis, analyst Ali Martinez spotted key support and resistance levels for Chainlink. According to Ali’s analysis, Chainlink’s support level is established at $12.28, while $14.58 acts as a significant resistance hurdle.

With the Chainlink price breaking past its support line, which now acts as a foundation, the stage is set for a potential bullish reversal, signaling an upward trend. And, if LINK breaks past the $14.58 point, which has been a significant resistance point, further upside momentum comes into view, with potential new highs on the horizon.

Chainlink’s Next Target: Is $26 Within Reach?

According to market expert CRYPTOWZRD, Chainlink daily technical outlook is uncertain, with an indecisive close. However, the analyst highlighted that LINK is currently testing the significant $12.50 level. Given LINK’s oversold condition, its price movement is likely to follow Bitcoin’s trend.

Chainlink Price To Hit $26 If LINK Breaks Past This Crucial LevelChainlink Price To Hit $26 If LINK Breaks Past This Crucial Level
Source: X, CRYPTOWZRD

Interestingly, as pointed out by CRYPTOWZRD, LINKBTC’s daily falling wedge formation suggests potential for an impulsive upside breakout. LINK itself is forming a daily falling wedge above its lower high trend line, indicating a possible rally towards the $16 resistance target and beyond.

Significantly, the chart presented by the expert indicates that LINK could hit $26 if it passes the resistance point. However, as per CoinGape’s Chainlink Price Prediction, LINK will reach a maximum of $15.24 in 2025.

Meanwhile, LINK’s intraday chart showed a lack of clear direction, with price movements confined to a narrow range. A breakout above $13.20 could present a trade opportunity, while a decline below $11.80 would signal a test of the main support level.

LINK Market Sentiment Analysis

In an “In/Out of the Money Around Price” analysis, Ali Martinez shared insights into the market sentiment for LINK. The analyst detailed the number of traders holding Chainlink at different price points.

At press time, Chainlink is trading at $12.81, up1.46%. Despite a 0.86% surge over the past week, LINK experienced a massive decline of 30.99% over the last month.

Notably, more addresses are holding LINK at a loss than at a profit. According to the chart, 53.06% of the holdings are “out of the money,” which means that they represent 78.24 million LINK bought at a price above the current $12.68.

At the same time, 44.63% of analyzed holdings, representing 65.81 million LINK, are ‘in the money,’ having been bought by traders at a price below $12.68. This data highlights potential support and resistance levels, with significant holdings at $12.47 and $14.19.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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