Meme Coins Rising With Dogecoin Price?

With the explosive Dogecoin price action today following Elon Musk’s latest tweet, other top meme tokens are also rallying to the upside.

Best Meme Coins to Buy Now

Some traders predict another meme coin could be the next cryptocurrency to explode as a beta play to the DOGE price action.

Tamadoge (TAMA)

Tamadoge is one of the newest meme coins, launched in late September and is currently the closest rival to the Dogecoin price action, up over 12% in the past day.

Analyst Jacob Bury reviewed some of its recent bullish catalysts including its NFT drops, crypto game development and rumored upcoming exchange listings.

Since early Saturday, Tamadoge moved up close to 100% from $0.02 to almost $0.04, outperforming Dogecoin.

TAMA is listed on OKX exchange.

Shiba Inu (SHIB)

Altcoin Sherpa (@AltcoinSherpa), who has 186,000 followers, has been closely following the Shiba Inu price action.

At the weekend he expected the SHIB price to follow the Dogecoin price to the upside, and today SHIB is up approximately 8%.

However he expects the SHIB price chart to print a bearish double top pattern.

Floki Inu (FLOKI)

The Floki Inu price is up 24% in the past 24 hours and over 2x off last month’s lows, as noted by Phoenix (@Phoenix_Ash3s).

He tweeted out a possible trading setup to his 80,000 followers, with a FLOKI price target of $0.000015.

Dogechain (DC)

Daan Crypto Trades (@DaanCrypto), who has 187,000 followers, noted Dogechain (DC) was trailing the Dogecoin price closely this weekend.

However today the DC price is in the red, down 15% – low market cap meme coins are some of the most volatile cryptocurrency assets.

Samoyedcoin (SAMO)

‘Wen dogs go woof woof, more dogs go woof woof‘ was the prediction of crypto trader adi NINJA (@adidogCEO).

He compared the Samoyedcoin price chart to the Dogecoin price chart. The SAMO price is relatively flat this week, but did move up 45% last week.

Samoyedcoin is listed on MEXC, as are Tamadoge and Dogechain.

See our list of the 14 best meme coins, which includes SAMO.

Why is the Dogecoin Price Up Again

Earlier today Elon Musk tweeted an image of a Shiba Inu dog wearing the Twitter logo, and a winking emoji.

While the billionaire Tesla and SpaceX founder hasn’t stated any plans yet, some of the most bullish investors predict that DOGE will be integrated within the Twitter platform in some way.

The Dogecoin price has now broken out above October’s high of $0.151, hitting a daily high on November 1st of $0.158. However the four hour candle close was below the prior high, a bearish SFP (swing failure pattern) on that timeframe.

The October monthly candle opened at $0.061 and closed at $0.126, an over 100% move. After that expansion the Dogecoin price could consolidate for some time allowing other altcoins to catch up.

New Meme Coin Alternatives

The total crypto market cap recovered over $1 trillion today, a good sign for new crypto launches.

In the NFT games niche, one upcoming cryptocurrency project to watch is Calvaria, with its native token RIA on presale now.

A play to earn fantasy trading card game set to rival the likes of Splinterlands, Hearthstone and Gods Unchained, the Calvaria presale has now passed the $1 million mark, over 10% of its hard cap.

Reports /TrainViral/