While the meme coin supercycle is kicking into high gear with thousands of new token launches daily, some of the biggest coins in this sector are falling behind. Dogecoin ($DOGE), the leading meme coin by market cap, is down 18% in the past week and has seen trading volume slow to a trickle.

That begs the question, where is Dogecoin headed for this bull run, and should investors focus their attention and capital on emerging meme coins with possibly more potential?

Some experts suggest the latter, indicating that it might be time to check out a new meme coin with explosive potential: BTC Bull.

Dogecoin Falters as Investors Lose Interest in $DOGE

Dogecoin’s price woes haven’t been the result of a specific catalyst. Instead, they represent a more worrying trend—long-term $DOGE holders and whales are simply losing interest in the Dogecoin network.

Analysis indicates that open interest in Dogecoin has fallen from $5.41 billion earlier this year to just $2.21 billion in late February, a decline of 60%. At the same time, there have only been 66 whale transactions over $1 million during the month of February, the lowest since November 2024.

Trading volume, which peaked at over $11.5 billion in early February, is down to $1.8 billion today—an 85% decline. This looks even worse when considering Dogecoin’s performance on longer timescales. Just last November, during the excitement around President Trump’s election, $DOGE trading volume was approaching $40 billion per day.

Analysts are also eyeing the Dogecoin price chart with caution. The token has been falling with December, and it’s still far from a strong support level. From its current price level of $0.21, it looks like $DOGE could fall all the way to $0.14 before hitting bottom—a potential loss of 33%.

As one analyst on X, @StrongHedge, put it, the chart ‘doesn’t look great.’

$DOGE

I love $DOGE but chart doesn’t look great.

– Weekly swing fail at highs
– nuked range lows
– back below March 24 high
– wick filled

Bottoms don’t look great, so if it isn’t the bottom its done for a while.

Market all relies on Bitcoin tho tbh pic.twitter.com/MNCQC0u9so

— $trong (@StrongHedge) February 25, 2025

Dogecoin has rallied before, so no credible analysts are calling this the end for the world’s biggest meme coin. However, at least for the foreseeable future, meme coin traders looking for profit might want to steer clear of $DOGE.

BTC Bull Raises $3 Million as Analysts Expect it to Pump

While Dogecoin is struggling, up-and-coming meme coins are seeing explosive gains and swelling support from traders. One token that looks to be positioned to deliver profits is BTC Bull ($BTCBULL).

This emerging meme coin has hitched its wagon to Bitcoin, the oldest and largest cryptocurrency—and currently the token leading the crypto bull run. In fact, BTC Bull is offering real Bitcoin rewards so investors can take full advantage of $BTC’s rise.

The way this works is simple: investors who hold $BTCBULL can look forward to real $BTC airdrops when the price of Bitcoin reaches $150k, $200k, and $250k. So, as Bitcoin pushes higher, BTC Bull investors receive tokens so they can be part of the action and lock in massive profits.

BTC Bull also plans to boost the value of the $BTCBULL token with buyback and burn events when Bitcoin hits $125k, $175k, and $225k. That ensures there’s no break in the excitement around this token and trading volume remains high.

Analysts are excited about the new $BTCBULL token, suggesting it could be the next meme coin to explode once it hits exchanges. NASS Crypto, who has more than 1 million subscribers on YouTube, called it ‘Bitcoin’s best crypto presale.’

$BTCBULL is available for grabs now during the project’s presale, which has already raised almost $3 million. Currently, investors can lock in coins at a discounted price of $0.002385, plus fill their bags with staking rewards of up to 147% APY.

Visit BTC Bull Presale

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