Memecoin Frenzy: Dogecoin, Shiba Inu, and Pepe Lead 2026 Rally
The memecoin phenomenon of 2026 has begun, and it is only the start of the new year. The total market cap of all memecoins is now 48.4 billion, up over 10.8% in the past 24 hours.
Dogecoin, Shiba Inu, and Pepe have all experienced rapid price increases within the past day. Excited new investors in the still bullish market have begun trading and investing in the crypto market, and now memecoins.
PEPE has experienced the highest price increase (17%), followed by Shiba Inu (10%), and Dogecoin (9%). These price increases alone should make it obvious to investors that the memecoin investor pool is growing.
With all new investors and the increase of current investors the total market cap of the crypto market has increased to over 3.12 trillion. Considering how sentiment has directly correlated to rises in price, it is only logical to increase investment in memecoins due to current sentiment and seasonal changes.
With Bitcoin trading over 90,000 it is only the start of price increases and market cap increases within the crypto and memecoin markets. There was notable performance by Dogecoin this past week. Price growth to $0.1432 represented a value increase of over 10%. This was attributed to favorable technical analysis correlations along with altcoin momentum.
Additionally, a 114% growth in trading volume shows increasing market activity of $3.23 billion. Whales accumulated 325 million over Dogecoin. This was a portion of the 220 million acquired in the previous 24-hour trading period, contributing increased buying activity along with Dogecoin regaining the $0.130 support level.
Continued buying pressure could cause Dogecoin to test $0.15 with the potential of a bullish breakout toward 0.20, increasing momentum along with renewed bullish speculative activity.
Last week Shiba Inu price increased over 8% to $0.000007665. Shiba Inu also experienced increased trading volumes which achieved $216.26 million, an 86% increase over the previous 24-hour period. This sustained growth added pressure along with Shiba Inu approaching $0.0000090 resistance, attributed to the speculators bullish sentiment increasing.
Last week Pepe Coin was also trading above the previous week. Pepe Coin gained 17% to $0.0000055907, attributed to breaking out of the falling wedge pattern.
Volume for Pepe Coin also increased by 112%, pushing the 24-hour trading volume to $3.45 billion with the open interest increasing by 0.65 to $448.70 million for the derivatives. Continued buying activity along with the technical indicators suggest there will likely be a sustained buying pressure for Pepe Coin to test $0.00000580.
The current memecoin rally shows an increase in investor interest in high volatility tokens. Trading volumes increase and the general optimism in the market continues, Dogecoin, Shiba Inu, and Pepe will all be able to increase in value.
Analysts expect the consistant pressure to increase the value of these coins in the short term, with DOGE reaching $0.15, SHIB reaching $0.0000090, and PEPE reaching $0.0000058 memecoin investors a momenventous start to the year of 2026.
