Dogecoin hits $0.1 as new token looks to challenge Memecoin

Dogecoin (DOGE) is trending as its price crosses the $0.1, while other meme coins are showing impressive gains amid the bullish sentiment that surrounds the crypto market.

Across the meme coin world, Memecoin (MEME) is poised near $0.04, up more than 40% this past week. Memeinator (MMTR), fresh off a major boost to its presale, is priced at $0.014.

With Bitcoin (BTC) hitting $44k as bulls strengthen, DOGE could march towards its all-time high above $0.73 to target the coveted $1. But could Memeinator beat Memecoin to $1?

Dogecoin celebrates 10th birthday with spike to $0.1

Dogecoin (DOGE), created on December 6, 2013, is the top meme coin in the market. Its popularity has in the past seen celebrities and billionaires, including Elon Musk, tout its potential.

Today, as it celebrates its 10th birthday, DOGE is looking to sustain its recent uptrend that saw it break above $0.1 for the first time since April 2023. After hovering below $0.08 for much of the last seven months, DOGE is back above the key technical level with 27% upside this past week and 43% in the past 30 days.

While the technical outlook suggests overbought conditions to leave bulls facing a potential pullback, it’s possible the $14.5 billion market cap meme coin kicks on from here. Positive indicators for continued bullish momentum include Bitcoin’s potential breakout in 2024 and Dogecoin’s growing appeal as a portfolio boost.

If the DOGE market sustains the current trajectory, it is possible a rally towards its all-time high above $0.73 could happen in the first half of 2024. The coveted and psychologically important $1 could be hit and even surpassed.

Memecoin (MEME) hits all-time high above $0.046

Memecoin (MEME) is a new meme token of Memeland, a Web3 venture studio by the popular meme platform 9GAG. MEME saw massive buying pressure when Binance listed it for trading in early November.

The token has just reached an all-time high of $0.046, hitting the level early Tuesday December 6, 2023. Could MEME price reach $1?

Likely Memecoin price will continue to climb in tandem with other meme coins and the broader crypto market. As noted, Bitcoin’s bullish outlook could prove a key catalyst given the expectations around the approval of a spot ETF in US and BTC halving.

But could Memecoin’s lack of utility see it struggle against high utility, viable and sustainable competitors?

Memeinator (MMTR) – the new meme to rule them all?

Memeinator is a new meme-inspired token showing huge potential amid its presale. Combining the power of blockchain technology and artificial intelligence (AI), this project targets reaching the $1 billion market cap by removing weak meme coins from the crypto picture.

When the project launches after its presale, it will offer gaming, staking, and NFTs – enhancing meme culture with high utility many of the Dogecoin replicas lack.

The team behind the project announced a major update this week – MMTR staking is live with 45% APY and 21.5 million MMTR in the first staking pool.

Over 21.5 million more are reserved for future staking pools. It also initiated the burn mechanism, permanently removing 129 million of the native token from supply as presale stages reduced from 29 to 20.

While it targets an official launch by the end of Q1, 2024, interest in the project is rising. Investors have so far allocated more than $1.7 million in the ongoing presale, which according to the Memeinator whitepaper, will see 62.5% of the total supply go to early investors.

Currently, MMTR is priced at $0.014 and will rise throughout the remaining stages to reach $0.049. When the presale concludes, MMTR will go live on major crypto exchanges. If this coincides with a rallying market, the impetus that follows could catapult Memeinator price higher.

A potential target in 2024 could be $0.1, while $0.5 to $1 could happen as weak meme tokens fall.