The meme coin market has experienced a surge in momentum, doubling its market cap in just 30 days. This can be attributed to factors such as the bullish sentiment surrounding crypto since Donald Trump's election as the 47th President of the U.S. Familiar meme coins like Dogecoin, Bonk, and Pepe have seen significant gains during this period. Additionally, Solana-based meme coins like Peanut the Squirrel and Moo Deng have gained attention. The announcement of BONK DAO's plan to burn tokens has been a driving force behind its growth. The Department of Government Efficiency created by President-elect Trump has reignited interest in Dogecoin. Analysts have decoded patterns and suggest that Dogecoin could reach a target of $0.80. However, caution is advised as meme coins rely heavily on sentiment and speculative trading. The future of the meme coin market is tied to Bitcoin's performance, and sudden market shifts are possible.



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