Dogecoin’s (CRYPTO: DOGE) is up 5% on Thursday and 21% over the past seven days as increased market enthusiasm has analysts speculating about whether the “king of memes” can kickstart another rally.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Dogecoin (CRYPTO: DOGE) | $0.3891 | $57.3 billion | +5.3% | +21.4% |
| Shiba Inu (CRYPTO: SHIB) | $0.00002241 | $13.2 billion | +2.2% | +5.2% |
| Pepe (CRYPTO: PEPE) | $0.00001845 | $7.7 billion | +1.9% | +6.9% |
Trader Notes: Crypto chart analyst Ali Martinez on X drew parallels between Dogecoin’s current price action and its last bull cycle.
In 2021, DOGE began its second major rally on January 25 after a 56% price correction.
Similarly, the meme coin recently underwent a 46% correction, which …
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