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The price of Bitcoin has突破ed the $115,000 mark, driving the overall rise of the Crypto Assets market. In particular, digital currencies themed around internet memes, such as DOGE(, Shiba Inu), and PEPE(, have shown strong upward momentum, further boosting market optimism.
Analysis shows that the technical indicators of DOGE are presenting positive signals, with the moving average trend diverging and the ) MACD ( indicator showing bullishness, with an expected target price potentially reaching $0.21490. Meanwhile, Shiba Inu has successfully broken through the psychological barrier of $0.00001000, with the potential to continue climbing to $0.00001104. PEPE continues its upward trend, having already broken through $0.00000700, with the next target price set at $0.00000771.
It is worth noting that there have been significant changes in the futures market for these internet memes coins. The total value of DOGE futures open contracts increased by 10%, reaching $1.99 billion. The futures open contracts for Shiba Inu also rose by 9%, totaling $8.407 million. Meanwhile, the futures open contracts for PEPE saw a substantial increase of 14%, reaching $253.3 million. These figures reflect an increasing risk appetite among investors for these coins.
This round of rise is not limited to internet memes coins, other mainstream Crypto Assets like SOL are also showing positive trends. This comprehensive market rise is interpreted by some analysts as a concrete manifestation of the expectation of "October rise". However, investors still need to be cautious and closely monitor market trends, as the high volatility of the Crypto Assets market still exists.
Overall, with Bitcoin reaching new highs, the entire Crypto Assets market seems to be entering a new surge period. The strong performance of internet memes coins not only reflects the heightened investor sentiment but may also indicate that the Crypto Assets market is attracting more mainstream attention. However, amidst this optimistic sentiment, investors should remain rational and weigh the potential risks and rewards.