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Here’s Why POPCAT, WIF, PEPE Are Making Strong Comeback? – Crypto News

Published

12 months ago

July 25, 2024

Dripp

The cryptocurrency market is showing signs of robust growth, particularly in the meme coin sector, despite the recent market crash. POPCAT, WIF, and PEPE lead this trend, poised for significant returns. The recent approval of a spot Ether ETF has boosted interest in tokens like PEPE, suggesting further increases as the ETF gains traction.

Popcat (SOL) POPCAT

POPCAT, a Solana-based meme coin, has experienced a significant surge of 65% over the past month, reflecting a strong uptrend in its market performance.

Since its launch, the token has registered an impressive gain of more than 4529%, highlighting its growing acceptance and investor interest within the crypto community.

On July 21, 2024, POPCAT reached an all-time high of $0.9976, marking a milestone in its trading history. At the time of reporting, Popcat price is trading at $0.7488, with a slight dip of 13% in the past 24-hours.

Here's Why POPCAT, WIF, PEPE Are Making Strong Comeback? — Source- Santiment

This rise was mirrored by a spike in social media mentions, suggesting growing speculative interest. Investors are increasingly discussing Popcat, indicating a surge in its market presence.

Dogwifhat (WIF)

Dogwifhat, a popular meme coin has experienced a notable surge over the past month, as reflected in its 28.03% increase. The bullish trend coincides with a general surge in other Solana-based altcoins and Solana itself.

Despite the current bearish trend affecting many sectors of the cryptocurrency market, Dogwifhat has demonstrated significant resilience and growth. At the time of writing, the coin is trading at $2.46, with a dip of 6% in the past 24-hours.

The daily technical indicators for WIF exhibit interesting trends. The Moving Average Convergence Divergence (MACD) shows a slight bullish momentum as the MACD line (blue) is above the signal line (orange). However, the histogram bars, still in the red, indicate that bullish momentum may be slowing down. The Relative Strength Index (RSI), positioned at 55, suggests that WIF is neither overbought nor oversold.

Pepe (PEPE)

Pepe is experiencing notable growth, with its price now surpassing $0.000011. Despite a slight downtrend, The meme coin trades at $0.00001137 during U.S. market hours, reflecting a 5% drop. This cryptocurrency now boasts a market cap of $4.7 billion, making it the 22nd largest in terms of market capitalization, as per CoinMarketCap.

Investor sentiment appears bullish as Pepe sees a significant uptick in open interest, now at $128 million, despite today’s 10% dip. This marks a surge in trader confidence, with many opting for long positions, underscoring a strong market belief in the token’s potential.

Notably, this interest comes amid increased activity from larger investors and a broader enthusiasm for meme-based digital assets, similar to trends seen with Ethereum.

This heightened activity and optimistic outlook may stem from recent developments and approvals within the Ethereum-based market sectors, which continue to influence similar tokens. Such dynamics suggest that Pepe may soon witness further gains if the market conditions remain favorable.