Dogecoin’s Billion-Dollar Boom Could Inspire 25 New Meme Coin Cults, Analyst Warns
Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.
As the meme coin landscape evolves into a narrative of its own this cycle, coined the “meme coin supercycle,” crypto analyst Murad Mahmudov notes a shift in perception poised to reshape the cryptocurrency landscape – meme coin cults.
In a recent interview on The Block Crunch podcast, he described meme coins as “tokenized vessels of faith,” arguing that meme coins represent a new digital asset paradigm, driven more by community belief than by utility or technology.
He drew comparisons between Bitcoin and successful meme coins, highlighting that both foster “hardcore communities” and “cult-like” followings.
The Bull Run hasn’t even started.
And Top Meme Cults will outperform EVERYTHING.
The time has come for you to believe in something.
Dogecoin (DOGE/USDT) trading within a rising channel, with higher highs and higher lows indicating an upward trend.
The current price is approaching the upper boundary of the channel, acting as resistance around the $0.149 level.
Support can be found at the lower boundary, near $0.110.
The Relative Strength Index (RSI), highlighted in yellow, indicates that the market has recently entered an overbought zone but is now cooling off, suggesting possible consolidation or a slight pullback.
If the price breaks through resistance, further gains could be expected, while a breakdown may test lower support levels.
This new wave of meme coins traces its origins back to Dogecoin, the first breakout meme coin. What began as a gimmick has evolved into a multi-billion-dollar asset with a vibrant community.
Dogecoin’s influence has
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