Date: Mon, Oct 21, 2024, 06:10 AM GMT
The new week kicks off with excitement in the cryptocurrency market as Bitcoin (BTC) crosses $69K and inches closer to the $70K mark. Alongside BTC’s surge, Solana-based memecoins are also gaining significant momentum, with Popcat (POPCAT), Cat in a Dogs World (MEW), and Book of Meme (BOME) emerging as key players. These tokens have shown impressive performance in both weekly and monthly metrics, hinting at a potential rally ahead.
Popcat (POPCAT)
POPCAT has become one of the top-performing memecoins today, surging 10% in the last 24 hours and recording a staggering 55% growth over the past 30 days. With its market cap now at $1.36 billion, POPCAT has outpaced Jupiter (JUP) and Worldcoin (WLD).
Currently trading at $1.39, the token is testing a resistance zone between $1.38 and $1.43. If it successfully breaks through, POPCAT could reach a new all-time high of $1.56, representing an 11% upside from its current price.
Cat in a Dogs World (MEW)
MEW, now the fourth-largest Solana-based memecoin by market cap, has experienced a 34% rally over the last 7 days and a whopping 90% surge in the past month. It’s currently up by 17% today, trading at $0.010.
The token’s latest push follows a successful retest of its $0.0090 breakout level and its listing announcement on Upbit, the leading Korean exchange . With the breakout confirmed, MEW is expected to climb by an additional 25% to 30% this week, solidifying its bullish momentum.
Book of Meme (BOME)
BOME is another rising star in the Solana memecoin space, boasting 40% growth in the last 30 days. On the daily chart, the token recently broke out of a falling wedge pattern, clearing the $0.0074 resistance level.
Now trading at $0.009594, BOME has successfully retested support at $0.0082, setting the stage for a move toward $0.01139—a potential 20% gain from its current price.
Who Will Lead the Rally?
While all three memecoins carries solid upside potential, Cat in a Dogs World (MEW) appears the most promising for now. Its confirmed breakout and retest position it for a significant push in the coming days, making it a key token to watch this week.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.