5 Next Meme Coin Cryptocurrency to Explode October 2021 Week 2

While Bitcoin is the most popular cryptocurrency, other digital assets like Dogecoin and Shiba Inu have been hugging the headlines. These so-called “meme coins” are increasingly popular given their setup and growing use case. Although Dogecoin leads the ranks, others have also shown promising starts. This article rounds up the five next meme cryptocurrency to explode this month. 1. Dogecoin (DOGE) Source: TradingView Dogecoin tops our ranks of the next cryptocurrency to explode. Gaining major support from billionaire entrepreneurs Elon Musk and Mark Cuban, Dogecoin surged to a record value of $0.74 before the May market correction. At press time, DOGE is trading at $0.2213, down 4.77% in the last 24 hours. The popular joke cryptocurrency has also not been able to pick up the slack on the weekly chart and is down 7.07%. Turning to its technical indicators, DOGE is trading slightly below the 20-day moving average (MA) support price of $0.2244, indicating the onset of a bearish trend. However, a bullish trend in the broader crypto market could offset this negative price action. The relative strength index (RSI) shows that DOGE purchasing figures are dropping drastically as investors cash out. The RSI stands at 44.12, which is above the oversold region. DOGE’s poor performance is not peculiar to it as even popular decentralized applications (dApp) facilitator Ethereum and several altcoins are currently biting the dust. On the fundamental front, Dogecoin is joining the ranks of most adopted digital assets. In a tweet, movie exhibition giant AMC CEO Adam Aron announced that DOGE can now be used to purchase AMC digital gift cards. Also, Dallas Mavericks owner Mark Cuban has reportedly beefed up his DOGE holdings with more purchases in the past week. The Mavericks are well-known DOGE supporters and accept payments with the parody coin for season tickets. Buy Dogecoin Now 2. Shiba Inu (SHIB) Source: TradingView Self-billed the ‘Dogecoin killer,’ Shiba Inu has seen remarkable growth in the past few days. At the moment of writing, SHIB is up 14.37% and trades at $0.00003135. Weekly gains are through the roof and SHIB has averaged over 200% in…

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