Meme coin enthusiasts are celebrating Dogecoin’s (DOGE) rally toward its five-month high, as it gained about 90% from its June lows. All of the top 10 meme coins by market cap were up double-digits over the past week, pushing the entire sector’s valuation above $84 billion.
This bullish sentiment toward meme coins isn’t happening in isolation. Bitcoin dominance slipped to around 60% on July 21, while CoinMarketCap’s Altcoin Season Index shows a gradual trend shift in favor of altcoins.
Against this backdrop, investors are enthusiastically backing TOKEN6900 (T6900), a satirical meme coin that’s building on the success of the SPX6900 (SPX) token. While Dogecoin continues to enjoy global recognition and SPX is hitting all-time highs, TOKEN6900’s minimalist manifesto and rapidly growing crypto presale could allow it to outperform the veteran meme coin in the current leg of the bull cycle.
Analyst Eyes Bullish Dogecoin Target After This Breakout
Dogecoin’s price gained around 8% over the past day, showing sustained momentum following a dip in late June. From a technical standpoint, Dogecoin has broken out of a “double bottom” formation, piercing the $0.25 neckline that had formed since March.
Crypto analyst Trader Tardigrade notes that DOGE confirmed the double bottom by closing a daily candle above $0.249 and retesting the neckline, now eyeing a technical price target around $0.476 in the coming weeks.
This breakout triggered a wave of buy orders, coinciding with a 24-hour volume spike of over 2 billion DOGE.
In the meantime, corporate interest in Dogecoin is further adding to the bullish expectations for the meme coin. Recently, US-listed entity Bit Origin Ltd’s stock experienced a double-digit gain after it acquired roughly 40.5 million DOGE for its treasury.
Another catalyst for DOGE is the growing optimism around a spot-based Dogecoin ETF. Prediction markets are now assigning an 80% probability to a DOGE ETF approval in 2025, especially following the recent successes of Ethereum and XRP products.
But opportunistic investors recognize that, despite these bullish catalysts, Dogecoin’s upside is still limited compared to that of a low-cap meme coin. This is why they’re now shifting their focus to TOKEN6900, a viral meme coin that’s about to reach the $1 million raise milestone in its presale.
TOKEN6900: The Anti‑Index Meme Coin With Viral Momentum
TOKEN6900 has secured more than $925,000 in its recently launched presale, while riding the broader optimism that has re-energized the meme coin market.
The meme coin openly embraces the absurdity of meme coins, branding itself as the anti-S&P 500 token that doesn’t track any index or pretend to solve real-world problems. This honest narrative has drawn comparisons to the recent sensation SPX6900, another viral meme coin which TOKEN6900 “one-ups” by having one extra token in total supply.
SPX6900 has skyrocketed by over 692% in just the past four months, hitting a brand-new ATH of $2.03 on July 20. Since its inception two years ago, SPX6900 has delivered a staggering 75,658,386% return, lifting its market cap to more than $1.8 billion. An early $100 investment in SPX would be worth over $75 million today.
What’s worth noting is that the term “spx6900” has seen an uptrend on Google search, and crypto analysts predict buying interest will spill over to T6900 next. With altcoin season already underway and retail traders on the hunt for the next big altcoin to explode, T6900 positions itself as a rare high-upside opportunity.
A micro-cap like TOKEN6900 could outperform Dogecoin by orders of magnitude if momentum and community fandom continue to build. To buy T6900 and enter at a position that could yield millions, visit the TOKEN6900 official presale page and connect a compatible Web3 wallet (like Best Wallet).
Buyers can also immediately stake their holdings for a high annual reward of up to 66% without waiting for the presale to end.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. ModernDiplomacy.eu is not a licensed crypto-asset service provider under EU regulation (MiCA). Cryptocurrencies are highly volatile and involve significant risk. Always conduct your own research and consult a licensed advisor before making any investment decisions.