TL;DR

ChatGPT predicts that well-known cryptocurrencies could lead the meme coin sector in April due to their substantial community support, while also highlighting the rising popularity of new contestants.
The chatbot stresses the importance of thorough market research and awareness of the risks involved in investing in such volatile assets.

No Surprises?

The meme coin sector has made serious waves lately, with numerous assets of that type charting impressive price rallies and allowing savvy traders to make substantial profits. As CryptoPotato reported, the surges of Shiba Inu (SHIB) and dogwifhat (WIF) have resulted in multi-million gains (at least on paper) for some people.

The niche keeps evolving, spewing new tokens quite frequently, and some of those experience significant increases mere hours after launch. Considering the variety of tokens encompassing the cohort, we decided to ask ChatGPT, which will be the top meme coins this month.

The AI-powered chatbot described such a prediction as “highly speculative” due to the volatile nature of the market. 

“Performance can be influenced by a wide range of factors, including market sentiment, social media influence, celebrity endorsements, and broader financial market trends,” it added.

Still, ChatGPT estimated that the leading meme coins by market capitalization—Dogecoin (DOGE) and Shiba Inu (SHIB)—have the best chance to outperform their rivals due to the huge support from their communities. 

CryptoPotato revealed several months ago that these meme coins have the strongest community bases, followed by Pepe Coin (PEPE).

How About the Latest Sensation?

On the other hand, ChatGPT noted the success of certain cat-themed meme coins. One evident example is Cat in a Dogs World (MEW), whose price is up 250% on a seven-day scale and hit an all-time high at the end of March.

The asset’s market capitalization currently stands at over $630 million: a serious achievement considering the fact that it saw the light of day less than two weeks ago.

Cat-themed meme coins have indeed caught the eye of multiple traders. According to DexScreener, the list of the top 15 most trending meme coins on April 3 included six such assets. 

Subsequently, ChatGPT stated that one should conduct proper market research, review the most recent trends on social media platforms, and stay informed about upcoming developments to guess which memes will be among the best performers in April.

It once again warned that investing in tokens of that type is risky and could lead to crucial losses. Those willing to enter the ecosystem should watch our dedicated video below to secure themselves against some common mistakes:

TL;DR

BTC briefly rebounds to over $70K, hinting at a potential bull run ahead of the Bitcoin halving event, which historically leads to significant price rallies.
DOGE regains the $0.20 mark with predictions of a dramatic increase in value, driven by a speculative “Cycle of 7 years” theory.
SHIB gains support from a major cryptocurrency platform, enhancing its usability and accessibility.

BTC Returns to Green Territory

The leading cryptocurrency did not start April on the right foot (considering the record gains in March), plunging to as low as $65,000 last week. However, bulls stepped in over the weekend, with BTC’s price exceeding the $70K mark once again. Currently, the asset is trading at approximately $69,700 (per CoinGecko’s data).

According to many, the bull run is still at its starting point due to important upcoming factors like the Bitcoin halving. The event, which occurs roughly every four years, slashes the rewards distributed to miners in half, thus reducing the rate of producing new coins. Limited supply could lead to rising prices, assuming demand rises or stays the same.

Historically, the halving has been a precursor of a massive rally for the biggest cryptocurrency and the entire market. The next such event is slated to take place later this month.

The popular cryptocurrency analyst using the X handle Mags recently reminded how BTC’s price exploded after each previous halving. 

“BTC is only 2 weeks away from the halving. This is the first time the price has hit a new ATH before the halving and is currently consolidating near the ATH with one of the highest monthly close ever,” the analyst noted.

Mags also outlined a strategy that may lead to substantial investor profits. In their view, people should purchase BTC 500 days before the halving, HODL for some time, and eventually cash out 500 days after the halving.

Those willing to learn more about one of the most anticipated events in the crypto sector, feel free to watch our dedicated video below:

How’s DOGE Doing?

The biggest meme coin in terms of total market capitalization made the headlines in the past few days by reclaiming the $0.20 mark. Several analysts think the asset has much more room for growth, envisioning impressive increases.

The X user Trader Tardigrade recently suggested that Dogecoin runs the “Cycle of 7 years,” predicting that its price can skyrocket to $2, $9, and even $40 in the future.

The crypto enthusiast with hundreds of thousands of followers – Jake Gagain – was bullish, too, forecasting that the dog-themed meme coin could reach the $1 milestone next year.

SHIB Gains More Support

DOGE’s largest rival in the meme coin realm – Shiba Inu – has also made waves as of late, capturing the attention of one popular cryptocurrency platform. 

As CryptoPotato reported, Nexo allowed users to buy SHIB, explaining that card transactions can be accepted “in seconds.” The company also enabled swap with rewards, borrowing against the token, and sending assets to a friend via a phone number or email.

Other leading crypto firms that have already embraced SHIB include Binance, Coinbase, Kraken, Gemini, KuCoin, OKX, GroveX, and many more.

Despite the latest support from Nexo, Shiba Inu’s price remains in the red on a weekly scale. On the other hand, the asset is up nearly 200% since the end of February.

Dogecoin (DOGE) has been experiencing significant volatility around the $0.20 range. The fluctuation started in late March when the coin surged past $0.22.

Many traders consider the $0.20 range a crucial resistance zone, highlighting the difficulty of breaking above this long-fought psychological level. Data from IntotheBlock shows that at least 32K addresses are holding 3.78 billion DOGE at a loss in the $0.20 range.

Dogecoin is looking for a new yearly high!$DOGE is currently up by more than 10% in the last 30 days. To continue this trend and move to new highs, Dogecoin needs to solidly break the $0.20 level, where 32k addresses hold 3.78B $DOGE at a loss. pic.twitter.com/oFTaZ1FOEn

— IntoTheBlock (@intotheblock) April 9, 2024

DOGE must break above this resistance to reach new heights. Similarly, renowned trader Rekt Capital suggested that the memecoin is going through a retesting phase at that level on the monthly timeframe.

At press time, DOGE is exchanging hands at $0.19 at press time, a 3% decrease in a day. The primary asset has been performing relatively well on the weekly scale while most memecoins are in the red: dogwifhat (WIF) and BOOK OF MEME (BOME) are down -9.2% and -21.5%, respectively.

Meanwhile, DOGE and Shiba Inu (SHIB) are up 2.0% and 2.9%, respectively. On that topic, SHIB’s layer-2 scaling solution, Shibarium, has experienced a significant increase in daily transactions, over 75,000, representing a 1,000% increase.

Another notable achievement is that SHIB recorded an increase in its burn rate. As CryptoPotato reported, the burn rate soared by over 300% by the start of the week—almost 100 million SHIB tokens were removed from circulation.

DOGE’s price has been consolidating within a narrow trading range, around $0.20. This is a crucial psychological level that the asset surpassed two weeks ago. The last time DOGE was priced above this level was in November 2021.

In terms of metrics, DOGE is throwing mixed numbers. The price on the monthly scale is up 20%, but market capitalization is down to $29 billion as 24-hour trading volumes across exchanges are also in the red, falling to 9% at $2.2 billion.

Dogecoin is ‘Following the Plan’

Despite the consolidation, analysts believe DOGE’s next bull run will start sooner rather than later.

Renowned crypto trader Rekt Capital suggests the primary memecoin is going through a retesting phase at the $0.20 level on the monthly timeframe.

The analyst pointed out a downside wick displayed on the monthly chart, which means a retest of a bull flag pattern on the weekly timeframe.

Previously, the analyst had warned about volatility around the $0.20 mark. A successful break above such a crucial level would mean further upside potential, more specifically upwards of $0.30. Other market observers like Mikybull Crypto share equally bullish views.

$DOGE

The real bull run is about to start🔥 pic.twitter.com/uPa17Dt4Un

— Mikybull 🐂Crypto (@MikybullCrypto) April 7, 2024

Rekt Capital is not the only analyst forecasting bullish action for the DOGE. As the father of all memecoins consolidates, traders are predicting prices of over $1, as the coin mirrors previous cycles.

As CryptoPotato reported, some analysts believe that DOGE could be on the verge of a new rally towards new peaks, targeting prices above $2, $9, and even $40.

Dogecoin’s price returned below the key resistance, with bulls determined to break it. Let’s examine a few different technical indicators that may provide important insights into where the market is currently at and where it might be headed next.

Key Support levels: $0.17, $0.13

Key Resistance levels: $0.21, $0.31

1. Key Resistance About to Break

DOGE has recovered fully from the most recent pullback, and its price is testing resistance at 21 cents. If buyers manage to break above this key level and turn it into support, then DOGE might rush to 31 cents next.

2. Momentum Turns Bullish

While the volume did not make a higher high, the price and momentum are firmly on the bull side. A breakout above 21 cents can bring back buyers, which can spike the volume to new highs as well.

3. Daily MACD Curving Up

Another sign of strength is found on the daily MACD, which shows the moving averages curving up. If this continues, they will make a bullish cross that could coincide with a break above 21 cents.

The latest bull market in the cryptocurrency industry seems to be underway, given that BTC has already charted a new all-time high, and the total market capitalization is close to its highest figure.

Moreover, the fourth halving is anticipated to take place in about two weeks, and history shows that the event tends to serve as a catalyst for future price increases not only for BTC but for many assets as well.

As such, it’s no wonder that numerous crypto analysts have outlined impressive price predictions for Bitcoin and numerous altcoins. The latest to do so is the content creator with over 250,000 followers – JakeGagain.

2025 Price Predictions: $BTC: $175,000$ETH: $8,500$BNB: $1,500 $SOL: $1,000$XRP: $5.25$DOGE: $1.00$ADA: $7.00 $AVAX: $400 $DOT: $47

What Did I Miss?!

— JAKE (@JakeGagain) April 5, 2024

As his tweet shows, he expects BTC to soar to $175,000 next year. This prediction is somewhat similar to several others, which were made by prominent entities like Standard Chartered and well-known industry experts like Tom Lee and Mark Yusko. In both cases, the price target was set to $150,000, but it was for this year, so $175,000 in 2025 won’t seem that far-fetched.

Dogecoin’s situation is quite interesting as well. The OG meme coin has received support from numerous prominent figures in the past, perhaps nobody more famous than Elon Musk, and has been predicted to tap $1.

While DOGE failed to touch that level during the previous bull cycle, many experts believe that this could finally transpire in 2024 or 2025.

Ripple’s native token also has a strong community behind it. Price predictions vary from $1 to even $5 or $6, similar to what Jake forecasted for next year. In XRP’s case, the biggest uncertainty lies in the company’s legal spat with the US Securities and Exchange Commission.

We have seen in the past how different rulings in the legal battle have a massive impact on XRP’s price. As such, there will be a lot of volatility when the case is over, which should be this year. In case of a Ripple victory, XRP could indeed be headed toward new heights.

The Bitcoin halving takes place approximately every four years and is a built-in mechanism to slow down the process of creating new BTC so that the last one will be mined over a hundred years from now, even though more than 19.6 million are already in existence.

When the production speed is reduced, while the demand for the asset remains the same or increases, in theory, its price should rise. So far, the three previous BTC halvings have indeed served as the catalysts for upcoming bull runs, but not only for the primary cryptocurrency, as the entire market has followed suit. Will that be the case now, and will it impact the two largest meme coins? Perplexity answers.

Aside from Bitcoin tapping a new all-time high in early March, the current bull cycle has been primarily driven by meme coins. The two largest ones – DOGE and SHIB – have been at the forefront, but the niche also saw the emergence of numerous new ones that captured investors’ attention rather quickly.

Nevertheless, we will focus on Dogecoin and Shiba Inu. The former is currently sitting at 8th spot in terms of market cap, while its self-proclaimed killer is four places behind amid an ongoing race for meme coin leadership.

The popular chatbot believes the halving, which should take place on April 19, “could lead to a sustainable increase in Bitcoin’s price due to its high demand.” Although the asset has retraced by double digits since its March ATH, this could actually be good news – find out why here.

In terms of potential gains for SHIB and DOGE, the ChatGPT rival said:

“Since Shiba Inu (SHIB) and Dogecoin (DOGE) often move in tandem with Bitcoin, they could potentially spike in price during the Bitcoin halving event.”

When it comes down to Dogecoin, there have been many predictions that the OG meme coin could jump to as high as $1 during this cycle, which would mean a 5x surge from its current position.

The increasing burn rate and the growing transactions number on Shibarium, on the other hand, have been among the bullish developments for the Shiba Inu ecosystem. As such, SHIB predictions indicate a more modest 40% increase in the next few weeks and up to 300% in the following months.

Still, Perplexity warned that the crypto market is quite volatile. Moreover, meme coins are known for even more enhanced price fluctuations, which should make investors wary before dealing with them.

In any case, the Bitcoin halving is among the most important events for the crypto industry, so if you want to find one more about it, you can check our video below.

TL;DR

Dogecoin experiences a 10% weekly price decline after the recent bull run, following a broader market correction.
Predictions for DOGE’s price include significant increases, with discussions on its potential for reaching new ATH.

Dogecoin (DOGE) is among the worst-affected cryptocurrencies (from the top 10 list) from the latest market correction, with its price tumbling by 10% weekly. Recall that several days ago, the situation was completely different, and the valuation of the meme coin surged above $0.22 for the first time since November 2021.

Numerous analysts believe DOGE will soon rebound and rally towards new peaks. One example is the crypto content creator using the X handle Trader Tardigrade, who recently claimed that Dogecoin runs the “Cycle of 7 years.” They compared the asset’s price performance with the one from years ago to set $2, $9, and even $40 as future price tags:

“We can see a similar price action in the first half of the current cycle, compared to that of last cycle. When we were at $0.0007 in 2017, we never believed DOGE would spike to $0.003, $0.009 & $0.35. Today we are at $0.22, we won’t believe DOGE will be $2, $9 & $40. Don’t miss the opportunity. History repeats.”

Another crypto enthusiast with half a million followers – Mayne – touched upon the asset’s current market performance and envisioned two possible scenarios. DOGE could lose support at around $0.18 and enter a “much larger correction, or bulls may step in and “the party continues.”

$DOGE

Big spot here for Doge imo.

Bulls really want this area to hold, I think losing support here opens the door for a much larger correction.

RR skewed positively for longs, if we hold and can reclaim that old high the party continues. pic.twitter.com/HgSX60XuXv

— Mayne (@Tradermayne) April 3, 2024

Previously, Rekt Capital and the early Bitcoin adopter Davinci Jeremie outlined bullish forecasts, too. The former argued that DOGE could rally toward $0.30 due to the beginning of a new “macro trend,” while the latter opined that the meme coin is an asset investors should have in their portfolios.

TL;DR

The cryptocurrency market, including leading coins and meme tokens like Dogecoin and Shiba Inu, has seen a significant downturn, with notable liquidations and price drops.
Bullish predictions for Dogecoin and Shiba Inu remain, fueled by increased trading volumes and advancements in network developments like Shibarium.

The cryptocurrency sector has declined significantly in the past several hours, with its market capitalization dropping below $2.6 billion (per CoinGecko’s data).

Bitcoin (BTC), Ethereum (ETH), and many other leading digital assets are deep in the red. As CryptoPotato reported, the negative trend resulted in more than $500 million in liquidations, with the majority being long positions.

The situation in the meme coin niche is no different. Dogecoin (DOGE) has nosedived by 12% on a 24-hour scale, whereas Shiba Inu (SHIB) has retraced by 9%.

Nonetheless, some metrics related to the largest meme coins by market cap have headed north lately. According to IntoTheBlock, DOGE aggregated daily volume (where each transaction is greater than $100K) nears the $5 billion mark (a 90% increase compared to the figure observed on April 1). Daily active addresses have witnessed a resurgence, too, soaring by almost 40%.

Shiba Inu’s figures are even more impressive, with SHIB aggregated daily volume exploding by over 300%.

Both assets were recently predicted to enter a bull run in the near future. The popular crypto analyst Rekt Capital forecasted that DOGE could rally toward $0.30 due to the beginning of a new “macro trend.”

The expert also suggested that SHIB may shoot to a new ATH if surpassing the major resistance level of $0.000033285.

The X user Captain Faibik outlined a bullish prediction, too, claiming the self-proclaimed Dogecoin-killer is on the verge of a 2x price increase.

The successful execution of the burning program might help Shiba Inu return to green territory. As CryptoPotato reported, the team behind the meme coin burned over 15.5 billion tokens last month (a 2,300% surge compared to the data in February).

Another factor is the advancement of Shibarium. Total transactions on the layer-2 scaling solution exceeded 400 million last month, while wallet addresses reached almost 1.4 million. Those curious to learn the network’s purposes and specifics, feel free to watch our dedicated video below:

Popular trader IcedKnife told his 300K followers on X that DOGE seemed like the most obvious buy-and-hold play of the meme coin market. He then suggested the asset could reach new heights this cycle, with $1 being a “very likely” price target for DOGE.

$DOGE seems like the most obvious brain dead spot buy and hold play I could think of

don’t see a scenario where $DOGE doesn’t see new highs this cycle, $1 is very likely imo

feel like this will be “obvious in hindsight”

time will tell pic.twitter.com/TB3sdruK8g

— Iced (@IcedKnife) April 2, 2024

The trader’s comments come after DOGE made headlines last week when it broke above the $0.22 barrier, a price not seen since November 2021. However, DOGE has retraced to $0.18 by today (April 3), which seems in line with most cryptocurrencies being in the red.

Echoing similar sentiments, popular analyst Ali Martinez reminded traders that DOGE remains the most important meme coin of the market, despite new entrants like dogwifhat (WIF) or Bonk (BONK) making headlines practically every day.

Further, Martinez said DOGE is mirroring the 2018 – 2021 cycle, and if so, it could be on the verge of a “massive parabolic bull run.”

Another popular figure in the crypto space made a similar statement but for DOGE’s oldest and biggest competitor, Shiba Inu (SHIB). As CryptoPotato reported, Davinci Jeremie, a famous Bitcoin proponent, suggested investors should allocate a certain percentage of their portfolios to SHIB.

Despite the current downturn, both DOGE and SHIB are trading on the green in the past 30 days, with increases of 19.5% and 20.4%, respectively.