Top Meme Cryptocurrencies Primed for Growth following CleanCore's $285 Million Dogecoin Purchase and Shiba Inu's Bullish Trends
In a recent development, CleanCore Solutions announced a strategic move towards Dogecoin ($DOGE), leading to a 4% initial surge in trading. As of writing, $DOGE is trading at $0.2359, marking a 2% increase over the past 24 hours. The announcement also triggered a 34% rise in daily trading volume for the meme coin.
The meme coin sector is experiencing a resurgence, with Shiba Inu ($SHIB) and Pudgy Penguins ($PENGU) leading the charge. Shiba Inu has displayed bullish technical signals, with a potential descending triangle pattern forming. At the time of writing, $SHIB is trading at $0.00001282, up 2.16% on the day.
On the other hand, Pudgy Penguins, launched post-launch, has had a massive run, up over 500%, and boasts a $2.2B market cap and a growing brand.
CleanCore's Dogecoin treasury strategy involves the purchase of 285,420,000 $DOGE, worth approximately $68M. This move has propelled CleanCore to become the largest Dogecoin treasury. The strategy aims to amass 1B $DOGE within 30 days, representing 5% of the total circulating supply.
CleanCore has secured support from the Dogecoin Foundation's House of Doge for this strategy.
Meanwhile, Snorter Bot, powered by the $SNORT token, is making waves in the meme coin market. The bot, which sniffs out the best small-cap meme coins on Solana, provides traders with tools to trade them successfully. The presale for Snorter Token ($SNORT) has raised $3.8M so far, with tokens priced at $0.1039. The Snorter bot is set to launch on the EVM chain, be integrated with Telegram, and rapidly expand to other chains.
However, the name of the person or group behind the PepeNode project is not explicitly mentioned in the available sources. PepeNode, a new meme coin, allows investors to use its native token to buy and outfit digital crypto mining rigs in a Mine-to-Earn mechanic.
Looking ahead, experts predict that $DOGE, $SHIB, $SNORT, and $PEPENODE are poised to make significant moves in the near future. The formation of a trading support at $0.00001200 in Shiba Inu indicates a potential breakout target of $0.00001600, a projected 34% increase.
The meme coin sector's resurgence can be attributed to institutional-scale accumulation of DOGE, technical strength in SHIB, and the growing market maturity boosting PEPENODE.
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