Today was not favorable for meme coins, witnessing a decline in total valuation by 4.7% to reach $74.9 billion. Surprisingly, Department of Government Efficiency (DOGE), a small-cap token, emerged as a leader among meme coins with a remarkable surge of 66%.
BeInCrypto conducted an analysis of two other meme coins that followed DOGE's lead, making them significant tokens to keep an eye on.
The first coin, Mog Coin (MOG), was launched in July 2023, with a total circulating supply of 390.56 trillion MOG and a fully diluted valuation of $440.59 million. MOG's price experienced a 13% increase in the past 24 hours, challenging the resistance at $0.000001214. Despite recent gains, MOG has been consolidating due to resistance at this level, but there is potential for upward movement if market momentum remains bullish.
Ket (KET), launched in January 2025, has a total circulating supply of 1 billion KET and a fully diluted valuation of $432.19 million. KET's price has surged by 50% over nine days, reaching $0.43, indicating a positive trend after recovering losses from February. It needs to surpass $0.50 to continue its uptrend.
DOGE, launched in August 2024, with a total circulating supply of 979.12 million DOGE and a fully diluted valuation of $38.72 million, surged by 66% to $0.0392. This rally helped DOGE recover from previous losses and regain investor interest. However, mixed market signals were observed with $453,000 worth of DOGE sold on exchanges in the last 24 hours. Maintaining support at $0.0416 could propel DOGE to $0.0753, but failure to retain this level might lead to a drop to $0.0213, affecting its bullish outlook.