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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
In the Crypto Assets market, Meme coins have always been a hot topic of interest. Today, we will delve into the analysis of three well-known Meme coins: DOGE, PEPE, and SHIB, exploring the possibility of them doubling in the short term.
First, let’s take a look at the veteran player Dogecoin (DOGE). As a "pioneer" among Meme coins, DOGE is currently performing quite well in the market. Its price is around $0.23, ranking 10th in the global Crypto Assets market capitalization, with a daily trading volume exceeding 35 billion RMB and a circulating market cap of more than 249.7 billion RMB. These figures are among the top levels in the entire encryption market.
From a technical perspective, the Relative Strength Index (RSI) of DOGE has entered the oversold territory, which may indicate a potential for a rebound in the future. However, the Moving Average Convergence Divergence (MACD) shows that bearish momentum is strengthening, and market volatility has clearly intensified. In terms of community, DOGE has maintained a high level of activity on social media, and occasional tweets from Tesla's CEO can also trigger market fluctuations, but there has been a lack of significant collaborations or technical updates recently.
Considering the current high position of DOGE, it is difficult to double in the short term unless there is a sudden surge in market sentiment or significant positive news. It is more suitable for long-term holding rather than hoping for short-term windfalls.
In contrast, the new star PEPE coin seems to have greater short-term explosive potential. The current price of PEPE is about $0.000012, ranking 39th in the global crypto assets market capitalization, with a 24-hour trading volume of approximately 8.95 billion RMB. As a relatively low-priced token, PEPE maintains high activity on social media, which provides a greater possibility for it to double its price in the short term.
As for Shiba Inu coin (SHIB), although this article does not discuss it in detail, its performance as another highly followed Meme coin is also worth investors' close attention.
Overall, among these three Meme coins, PEPE may have the greatest potential for doubling in the short term due to its relatively low price and highly active community. However, investors should keep in mind that the Meme coin market is highly volatile, and high returns are often accompanied by high risks. It is essential to conduct thorough research and risk assessment before making any investment decisions.