Meme Coin Market Pushes Higher as DOGE, PEPE Extend Weekly Gains

What happened

On September 20, the meme coin market moved higher, with Dogecoin, PEPE, Shiba Inu, and MemeCore trading above recent lows. CoinMarketCap data showed Dogecoin trading near a specific price and PEPE up about 13% across seven days.

Confirmed

Global impact / market context

If meme coins keep rising, investors may shift money into these risky digital assets. Higher prices could bring profits to current holders, but newcomers might face sudden losses. Crypto trading platforms could also see increased activity.

Analyst inference

Meme coins often move together because hype drives buying. When Dogecoin leads gains, tokens like PEPE and Shiba Inu tend to follow. This pattern can attract short-term traders, pushing prices up but also making them more volatile.

Analyst inference

What to watch

1. Track weekly gains for PEPE, which rose about 13% in seven days. If this pace continues, it may signal stronger momentum across the meme coin market. Confirmed
2. Watch for announcements from major exchanges about new meme coin listings or trading pairs. New listings often boost prices by making tokens easier to buy and sell. Proposed
3. Observe whether Dogecoin stays above its recent level or slips lower. A drop could pull other meme coins down, while holding may encourage more buying activity. Analyst inference

Affected assets

• DOGE — Dogecoin
• SHIB — Shiba Inu
• PEPE — Pepe
• MEME — Memecoin

Evidence

• thecoinrepublic.com