Maneki Surges 28% as Cat-Themed Token Dominate | Today's Notable Meme Coins

This article is machine translated
Show original

Meme coins have attracted more attention from retail investors today than any other cryptoasset. Leading the humorous tokens is Maneki, continuing its upward trend from last week.

BeInCrypto has analyzed two other meme coins for retail investors to follow and their direction.

Maneki (MANEKI)

  • Launch Date – 04/2024
  • Total Circulating Supply – 8.85 Billion MANEKI
  • Max Supply – 8.85 Billion MANEKI
  • Fully Diluted Valuation (FDV) – $25.32 Million

MANEKI's price has increased nearly 28% in the past 24 hours, reaching $0.0028. This significant increase marks the continuation of the altcoin price surge from last week.

This meme coin is expected to maintain its upward momentum, aiming to surpass the $0.0036 threshold in the coming days. If successful, this could attract more retail investors, stimulate cash flow, and potentially push the price even higher. This would enhance attention to the altcoin and promote its growing popularity.

MANEKI price analysis.MANEKI price analysis. Source: TradingView

However, if MANEKI fails to maintain support at $0.0022, the price could drop to $0.0017. Falling to this level would invalidate the price increase prospects and prolong recent losses, preventing its upward momentum.

Keyboard Cat (KEYCAT)

  • Launch Date – 01/2024
  • Total Circulating Supply – 10 Billion KEYCAT
  • Max Supply – 10 Billion KEYCAT
  • Fully Diluted Valuation (FDV) – $35.39 Million

KEYCAT's price has slightly increased by 11% today, reaching $0.0035, continuing the upward trend from last week, now totaling 64%. Although not performing as well as MANEKI, this continuous upward trend could attract retail investors' attention.

The next resistance for KEYCAT is $0.0040, and to break through this level, the altcoin may need broad market support. If successful, this could push the meme coin to $0.0053, consolidating its current price increase prospects and driving the next price action, attracting more retail investors.

KEYCAT price analysis.KEYCAT price analysis. Source: TradingView

However, if KEYCAT cannot break through $0.0040, the price could drop to $0.0030, with potential for further decline if this support is lost. Such a decline would invalidate the price increase argument and signal a possible price reversal.

Popcat (SOL) (POPCAT)

  • Launch Date – 12/2023
  • Total Circulating Supply – 979.97 Million POPCAT
  • Max Supply – 979.97 Million POPCAT
  • Fully Diluted Valuation (FDV) – $262.19 Million

POPCAT has impressively increased by 115% in the past week, positioning itself as one of the best-performing tokens. However, despite this surge, the meme coin has experienced a slight decline in the past 24 hours. This volatility signals a potential change, although the outlook remains positive.

Although the recent decline has nearly been recovered, POPCAT's upward momentum seems to be weakening. Currently holding above the $0.244 support level, the coin appears ready to bounce back and potentially rise to $0.342. Continued market support could allow for a more sustainable price recovery.

POPCAT price analysis.POPCAT price analysis. Source: TradingView

However, if POPCAT cannot maintain support at $0.244, the price could drop to $0.205, invalidating the significant price increase prospects. Breaking below this support level would suggest further price erosion, reversing recent gains and potentially placing the coin in a downward trend.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments