November marked a turning point for the crypto market, with memcoins proving to be one of its most successful sectors.
We are talking about memcoins from which you can expect pleasant surprises in December 2024.
Department of Government Efficiency (DOGE(GOV))
In November, DOGE(GOV) reached an all-time high of $0.545 thanks to increased interest in the US presidential election. The excitement surrounding the political situation created strong momentum for memcoin. However, given the return of Donald Trump to the presidency and the announcement of the creation of the Department of Government Efficiency under the leadership of Elon Musk, the DOGE (GOV) rally may continue into December.
Given DOGE(GOV)’s rapid rise, hitting $1 next month looks likely.
Bonk (BONK)
In early November, the price of BONK reached an all-time high of $0.00006230, but then dropped to $0.00004607. However, despite the decline, memcoin has significant potential for further growth as excitement around the Solana ecosystem continues to grow.
At the time of writing, BONK is trading below important resistance at $0.00004736. A successful breakout and consolidation above it will help the meme coin set a new all-time high.
Peanut the Squirrel (PNUT)
PNUT has been one of the best performing crypto assets this month, gaining 1,416% in just one week. At the time of writing, memcoin is trading at $1.24, holding above the important support at $1.06. As long as the price remains above this threshold, PNUT will likely avoid a significant decline and maintain upward momentum.
However, if this support fails, memcoin could face a correction to $0.44.
Act 1: The AI ​​Prophecy (ACT)
ACT sits at the intersection of two rapidly growing sectors of the cryptocurrency market – artificial intelligence and memcoins. This unique combination gives the token a special advantage and attracts new investors.
In early November, the altcoin surged 3,044% in just one week. If ACT successfully overcomes the all-time high of $0.95 and consolidates above it, the token will continue its rally.
However, profit taking could trigger a fall below the critical support at $0.44, which would invalidate the current bullish outlook.
Pepe (PEPE)
PEPE unexpectedly surged in November, rising nearly 84% in just 48 hours to reach an all-time high of $0.00002597. At the time of writing, memcoin is trading around $0.00002091, holding above the critical $0.00001677 level for maintaining bullish momentum. Its loss will refute the positive forecast and provoke another correction.
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Source: Cryptocurrency
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