With Elon Musk now actively in the U.S. government, many theorize that Dogecoin might see an enormous boost. Musk has long been a supporter of the meme coin and the new role might provide more exposure and adoptions. As Dogecoin gains steam, some question whether other meme coins like Pepe and Shiba Inu will follow and make the most of the space’s renewed spotlight.
Will Musk and Politics Propel Dogecoin to New Heights?
Elon Musk’s increasing influence, highlighted by his surprise call with Donald Trump and Ukrainian President Zelenskyy, adds significant weight to the future of Dogecoin. Musk’s involvement in major political and economic events often creates ripples in the cryptocurrency market, especially for Dogecoin, which has closely followed his moves.
The recent surge in Dogecoin’s price, hitting $0.19953, reflects a bullish market sentiment, partly driven by Musk’s influence and the optimism surrounding Trump’s election. If Musk continues to advocate for Dogecoin or gets involved in further global discussions, it could trigger renewed interest and push the price past key resistance levels, such as $0.20. With strong demand and accumulation patterns, Dogecoin’s price could rise further, especially if external market factors, like political shifts or Musk’s public endorsements, maintain investor confidence.
Javon Mark Predicts Shiba Inu’s Next Bullish Move Toward $0.000081
Shiba Inu could well surpass its $0.00004883 target, and analysts like Javon Mark anticipate a return to its ATH. Mark implies that Shiba Inu is preparing for a significant surge, eyeing a possible climb toward $0.000081. Also, he cites this present Bitcoin bull run as a catalyst for that momentum, citing the strong correlation between Bitcoin and Shiba Inu rates.
Data from IntoTheBlock reveals a 0.54 correlation, which is positive for the two assets. With this bullish outlook, Mark sees a 300% rally to Shiba Inu’s ATH coming soon enough. Shiba Inu is now trading at about $0.000019, up 2% from a 24-hour low, suggesting improved investor confidence.
Investors Express Concern as Pepe Stays 40% Below Its 2024 High
Pepe hit an all-time high of $0.00001718 in May 2024 however the bullish trend has subsided since that time. In recent weeks, Pepe saw a 40% decrease in value. This decline points to a market correction or possibly a cooling off of the initial hype that fueled Pepe’s rise.
As Pepe’s price stabilizes, investors are reassessing the factors that originally drove the rally, and external market conditions may be playing a role in this slowdown. The overall market sentiment and adjustments to new trends could also be contributing to the temporary dip in Pepe’s price.
What a Tier-1 Listing Could Mean for Lunex Network
Lunex Network (LNEX) is gaining attention this quarter due to its ambitious plans in the DeFi space. The platform will launch a non-custodial crypto exchange that allows users to trade tokens across multiple blockchains with complete privacy.
This exchange is just one part of Lunex Network’s ecosystem, which also includes a crypto wallet, over 65 RPC nodes for Web3 developers, and Lunex Pro, a subscription service offering cashback on transactions. The $LNEX token will power these services, rewarding holders with passive income through revenue buybacks. Currently priced at $0.002, $LNEX could soar to $0.0216 with a Tier-1 exchange listing, offering a 1,100% return.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
