DOGE and SHIB Fade Out — Another Meme Coin May Experience 300% Growth Soon

Dogecoin and Shiba Inu Decline: Dogecoin (DOGE) and Shiba Inu (SHIB) are losing momentum, while a new meme coin, Ark of Panda (AOP), is gaining attention with a potential for a 300% price increase due to significant trading volume on Binance Alpha.

AOP's Market Dynamics: AOP is currently trading around $0.08, with key resistance levels identified. Analysts note that a breakout above $0.083 could lead to further price increases, but failure to maintain support at $0.077 could result in deeper corrections.

Trading Volume and Incentives: AOP's trading volume exceeded $5.8 billion in 24 hours, driven by Binance's incentive program that rewards high-frequency trading, although analysts warn that this may not indicate long-term demand.

Market Structure Concerns: With only 300 million AOP tokens in circulation out of a total supply of 2 billion, concentrated ownership raises volatility risks, as large holders can significantly impact price movements, especially if trading activity declines post-incentive program.