The top meme coin on the market, Dogecoin (DOGE) is up a remarkable 107% in the last 30 days, as March could bring even more gains. Indeed, the token is coinciding with positives throughout the market thus far. Yet, it could be set to perform even better as the month wears on.
The market was led by the performance of Bitcoin (BTC) early Monday. Indeed, the asset has already surpassed the $67,000 mark and is currently up almost 7% in the last 24 hours alone. Subsequently, the meme coin market could see DOGE set up for a massive rally through the coming month.
Also Read: Dogecoin Rockets to New Highs: Up 83% in One Week
DOGE Poised to Lead Meme Coin Rally Throughout March?
Just two months into 2024 it has proven immensely important for the digital asset market. Specifically, Bitcoin (BTC) has led a massive rally as it nears a new all-time high this month. It officially surpassed $67,000 with $69,000 closing in, and its highest level since November 2021 is just on the horizon.
Moreover, that performance has only positively impacted the market as a whole. One asset that has undoubtedly benefited has been the meme coin king, Dogecoin (DOGE) which is up a remarkable 107% in the last 30 days, and facing a promising March. Subsequently, just how high could the asset soar?
Data from IntoTheBlock show that 80% of DOGE holders are in profit following its most recent rally. It has seen massive gains over the last 24 hours, with the asset up more than 25% alongside a massive surge for meme coins. Yet, that doesn’t appear to be the end for its gains, as the coming month could provide even more excitement.
Also Read: Dogecoin Experiences a Surge in Holders: Is Doge Ready To Breakout?
Crypto analyst platform CrptoTicker forecasted 1000% gains for DOGE as it heads in the coming month. Although that is certainly optimistic, it is not entirely out of the question. The asset has seen its trading volume source to $10.16 billion in the last 24 hours. Moreover, with meme coin performances reading positively across the board, Dogecoin could continue to lead the pack.
Dogecoin thoroughly leads all meme coins in market cap, with Shiba Inu (SHIB), Pepe (PEPE), and Bonk (BONK) following closely. Ultimately, the volatility of meme coins typically turns to massive gains in bullish markets.
With Bitcoin’s recent run, that should only continue. Moreover, with the Bitcoin halving event slated for April 19th, it could rise with BTC over the next several weeks. Further threatening to reach its all-time high of $0.713 reached in May 2021.