Memecoins are experiencing significant gains, with some even suggesting the possibility of a 100X surge. This surge is occurring alongside a broader recovery in the cryptocurrency market, fueled by positive macroeconomic conditions. Let's take a look at the top 3 memecoins in more detail.
Top 3 MemeCoins
1.dogwifhat (WIF)
Given Dogwifhat's current price of $2.38, with a 24-hour trading volume of $2.90 billion and a market cap of $2.38 billion, we observe a slight decline of -0.54% over the past 24 hours. Despite this recent dip, the overall sentiment remains bullish, as reflected by a Fear & Greed Index score of 60, indicating a state of greed in the market.
Historically, Dogwifhat (WIF) reached its peak at $4.80 on March 31, 2024, and has since retraced to a low of $0.004131 on December 13, 2023. The price has seen a cycle low of $1.50 and a cycle high of $2.53 since its all-time low. Currently, with the coin down approximately 50% from its all-time high, its price action in the past month shows a balanced sentiment with 15 green days out of the last 30.
Looking forward, the strong liquidity and the prevailing bullish sentiment suggest that WIF could potentially test higher levels in the coming 15 days. If the upward trend continues, driven by positive market sentiment and favorable trading volumes, WIF might revisit its recent cycle high of $2.53 and potentially move towards its previous high of $4.80.
2. Popcat (POPCAT)
With Popcat (POPCAT) currently priced at $0.792937 and experiencing a 24-hour trading volume of $330.01 million, the market cap stands at $777.06 million, reflecting a market dominance of 0.03%. Despite a recent decline of -3.35% in the past 24 hours, the broader sentiment for POPCAT remains bullish, supported by a Fear & Greed Index reading of 60, indicating a prevailing sense of greed in the market.
Historically, POPCAT reached its peak of $0.92975 on July 16, 2024, and has since seen a cycle low of $0.690386. The highest price since this low was $0.820944. Given its recent performance, with 19 green days out of the last 30, and the coin trading near its cycle high, there is potential for a rebound.
In the next 15 days, if market conditions continue to favor bullish sentiment and the trading volume remains robust, POPCAT could potentially test and surpass its recent cycle high of $0.820944. Additionally, with the broader crypto market showing signs of recovery and positive sentiment, POPCAT might aim for new highs, potentially approaching or even revisiting its all-time high of $0.92975. However, given the inherent volatility of cryptocurrencies, it is essential to monitor ongoing market trends and trading volumes closely to gauge the likelihood of such price movements.
3.Shiba Inu (SHIB)
Shiba Inu (SHIB) is currently priced at $0.00001720, with a substantial 24-hour trading volume of $1.06 billion and a market cap of $10.14 billion, reflecting a market dominance of 0.43%. Despite a recent decrease of -0.63% in the past 24 hours, the coin’s liquidity remains high, and it has seen significant gains over the past year, up 119%, outperforming both Bitcoin and Ethereum.
Shiba Inu reached its all-time high of $0.00008819 on October 28, 2021, and has since seen a cycle low of $0.000005821. The highest price since this low was $0.00004501. Although the current sentiment is bearish, the Fear & Greed Index shows a level of 60, indicating a state of greed that could influence future price movements positively.
Looking ahead to the next 15 days, if the market sentiment shifts positively and trading volume remains strong, SHIB could potentially see a rebound. Given its recent performance with 15 green days out of the last 30 and its significant price increase over the past year, it is plausible for SHIB to test or exceed its recent cycle high of $0.00004501. However, considering the current price is down approximately 81% from its all-time high, achieving a new high close to $0.00008819 would require substantial bullish momentum and favorable market conditions.
