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Meme Coin Weekly Watch: Popcat Is Surging, Others Bite the Dust

Meme Coin Weekly Watch: Popcat Is Surging, Others Bite the Dust

Oct, 06 2024 7:54
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This week, meme coins have shown some impressive price action, with predictions indicating even more volatility ahead. Here’s a breakdown of the top 10 meme coins and their forecasts for the coming days and weeks.

Dogecoin (DOGE)

Price change this week: DOGE lost about 14% during the market downturn.

News this week: DOGE accumulation reaches $108 Million as whales reenter the market, experts say. Whales bought over $108 million in Dogecoin, signaling potential market recovery.

Forecast: Analysts are optimistic, predicting a 19% price increase, with DOGE potentially rising to $0.15-0.18 if market sentiment remains strong .

Shiba Inu (SHIB)

Price change this week: SHIB went down by 12% this week.

News this week: Shiba Inu's burn rate has skyrocketed this week (over 1000%). With 6.54M SHIB tokens burned, the meme coin may be getting ready for a price rally.

Forecast: Some analysts suggest SHIB could see further growth by 70% by year-end, particularly as Shibarium expands its utility.

Pepe (PEPE)

Price change this week: PEPE plummeted by 17%, one of the worst-performing meme coins this week.

News this week: PEPE investors reacted badly at Middle East tensions, trading volume went down by 41%. But the overall sentiment on PEPE is still bullish.

Forecast: With its current momentum, PEPE could see another 30% rise in the coming days, experts say.

Dogwifhat (WIF)

Price change this week: WIF is almost stable, compared to other meme coins (-3%).

News this week: WIF broke through key resistance levels recently and is expected to keep climbing. WIF has outpaced many of its rivals.

Forecast: Analysts predict WIF could rise another 30%, targeting $4 as the next major resistance level .

Bonk (BONK)

Price change this week: BONK suffered a significant loss (-12%).

News this week: BONK has been overbought, which might lead to a slowdown in its upward trend. It has already failed to break key resistance.

Forecast: BONK now faces bearish sentiments, though most of its fans believe in the bright future altogether.

Floki (FLOKI)

Price change this week: FLOKI is one of the losers with a significant loss -19%.

News this week: FLOKI is also facing growing liquidation risks, with liquidations starting to accumulate around $0.00018. These developments signal increasing market tension.

Forecast: Analysts expect FLOKI to follow PEPE’s trend.

Popcat (POPCAT)

Price change this week: Popcat surged by unbelievable 32% in a stark contrast to other meme coins.

News this week: Popcat daily candles show real strength. It's probably time to go to $2-3. Popcat is poised for a potential breakout.

Forecast: Analysts predict it could reach a new all-time high of $1.25.

Brett (Based)

Price change this week: Brett wasn’t a rejoice, falling down significantly (-15%).

News this week: Community momentum and market interest helped Brett maintain steady growth in the past. This is not happening now for a number of reasons. Main of which is the overall negative sentiment on the meme coin market.

Forecast: Analysts predict further growth for Brett despite anything, as community interest remains strong .

Mog Coin (MOG)

Price change this week: Mog Coin experienced minor gains with major falls (-5%).

News this week: While not a major performer this week, Mog Coin has shown some potential as part of the broader meme coin market. It also made headlines when Donald Trump mentioned Mog Coin in one of his X posts.

Forecast: Analysts remain neutral but suggest that Mog Coin could see gradual gains as market sentiment improves.

Cats in Dogs World (MEW)

Price change this week: Cats in Dogs World did not experience significant price action this week. Overall price decline was in line with the overall meme coin market (-5%).

News this week: As a relatively new entrant in the meme coin market, it has garnered some attention but remains a minor player. But some analysts already include MEW in their list of the most promising coins.

Forecast: With growing interest, Cats in Dogs World might see more attention in the coming weeks.

Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial or legal advice. Always conduct your own research or consult a professional when dealing with cryptocurrency assets.

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