Meme coins are back in the green over the last day.
DogWifHat (WIF) and Popcat (POPCAT) have been two of the top performers, outpacing all of their rivals.
Meanwhile, the new coin Pepe Unchained (PEPU) is making moves of its own – recently passing the $18.6 million mark in presale.
DogWifHat Surges 11% & Passes NEIRO in Volume Rankings
DogWifHat has caught traders’ attention today – and for good reason.
It’s been bouncing back aggressively, trading at $2.48 after a rocky few days earlier in the week.
WIF is now up 11% from yesterday’s low, even briefly spiking 16% before pulling back.
This rebound has nearly wiped out the losses from Monday to Thursday.
However, WIF does need to rise another 13% to reclaim Monday’s high.
All the excitement around DogWifHat is hard to miss, with it now being ranked the third most traded meme coin, passing NEIRO in the rankings.
Open interest has jumped 8%, reaching $331 million, as traders watch to see whether this is just a temporary bounce or the start of a larger rally.
The key moment will be if WIF breaks Monday’s high.
Only then will we know if the coin is truly back in bullish territory.
Popcat Also Rebounds with Technicals Hinting at Further Upside
Popcat has also been staging a comeback.
The cat-themed coin has crept back into focus, now trading at $1.27.
POPCAT is up 14% from yesterday’s low and was briefly up as much as 18% before some profit-taking pushed the price back down.
Despite the pullback, it’s returned to Tuesday morning’s level – a strong showing for a coin impacted by high volatility.
Although POPCAT is still 13% below Monday’s all-time high, many aren’t counting it out just yet.
Its market cap has recovered to $1.25 billion, putting it just behind FLOKI.
Spot volumes have surged 22%, indicating that traders are actively getting involved again.
Some traders even believe POPCAT has formed a higher-low on the 4-hour chart.
That would suggest another leg up is on the cards.
Whether POPCAT is gearing up for a rally remains to be seen, but for now, this cat coin is definitely back on traders’ watchlists.
New Meme Coin Pepe Unchained Hits $18.6M in Presale & Draws Huge Online Attention
While DogWifHat and Popcat are rallying, a newer meme coin is also showing bullish signs.
The coin in question is Pepe Unchained.
Unlike WIF and POPCAT, it’s not just another hype-driven meme coin with no use case.
Instead, the team is making bold moves by developing their own Layer-2 blockchain to offer faster (and cheaper) transactions for meme coin traders.
Think of it as a turbo-boost for the market’s funniest tokens.
Crypto investors are taking notice.
Pepe Unchained just hit another presale milestone, raising $18.6 million in early funding.
That’s no small achievement in a market plagued by scams and manipulation.
So, why all the buzz?
Many point to Pepe Unchained’s unique mix of meme coin culture and genuine utility.
Others are excited by the built-in staking app, which offers annual yields of 117%
Investors have already staked over 1.3 billion PEPU tokens in this app.
Regardless of the reason, Pepe Unchained is benefiting – the project’s Twitter following has grown to more than 44,500 people.
Some big-name YouTubers are also taking note, including Meme Coin Max, who predicted PEPU will 100x after listing on exchanges.
That’s a huge claim, but it has got people talking.
And if Pepe Unchained continues on its current trajectory, it might just be the next to rally after DogWifHat and Popcat.
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Felix Mollen
https://cryptopotato.com/dogwifhat-popcat-continue-to-rise-as-new-meme-coin-pepe-unchained-hits-new-presale-milestone/
2024-10-11 16:40:14