Date: Thu, Sept 26, 2024, 06:13 AM GMT
As the cryptocurrency market gears up for a bullish Q4, major memecoins have kicked off an impressive rally, signaling potential gains in the upcoming month of October. With strong expectations for continued market growth, these Solana-based tokens are leading the charge.
According to data from Cryptorank, Solana (SOL) typically performs well in October, with a four-year average growth rate of 18.7%. This historical trend could boost Solana-based memecoins, helping drive a sustained recovery.
Here are the top three memecoins to watch:
1) Dogwifhat (WIF)
WIF, a standout memecoin on Solana, has seen impressive performance, gaining 29% in the last seven days. It recently broke out of a descending wedge pattern on the 1-day chart, overcoming resistance at $1.80. Now trading at $2.15, WIF shows strong potential for further growth, with the next resistance level at $2.69—an additional 28% upside from its current price.
2) Bonk (BONK)
Bonk, the second-largest memecoin by market cap on the Solana ecosystem, surged over 12% in the past week. Like WIF, BONK broke through a key resistance level at $0.00001757 and has been climbing since. Currently trading at $0.00001927, BONK is approaching its next resistance at $0.00002152, which represents a potential 15% gain.
3) Popcat (POPCAT)
Popcat has been trending after breaking its all-time high of $0.9972 with a 17% weekly surge. Today, it crossed the $1 billion market cap milestone and is trading at $0.00009754. With strong momentum, Popcat is poised for a bullish rally that could push it to new all-time highs.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.