Memecoins
Top 3 Memecoins to Watch This Weekend
The cryptocurrency market is experiencing another trend reversal, with major assets trading in the green zone today. Bitcoin has gained 4.5% in the last 24 hours and is on the verge of regaining the $67,000 level.
The sudden market rebound is likely due to positive economic data from the United States. The US GDP grew by 2.8% in the second quarter of 2024, surpassing experts’ expectations. Investor confidence seems to have improved as they direct their funds towards risky assets, such as cryptocurrencies. With inflation slowing, it is highly likely that the Federal Reserve will cut interest rates very soon.
That said, let’s look at three memecoins you might want to watch this weekend.
Top 3 Meme Cryptocurrencies to Watch This Weekend
Shiba Inu (SHIB):
SHIB is probably the most popular memecoin after Dogecoin (DOGE), the original memecoin. SHIB is a popular choice among new investors due to the asset’s incredible performance during the 2021 bull run.
Also read: Top 3 cryptocurrencies to watch this weekend
SHIB gained 3.8% on the daily charts and could continue its rally over the weekend. CoinCodex anticipate SHIB is expected to reclaim the $0.00002 level this weekend, reaching $0.00002107 on Sunday, July 28, 2024.
dogwifhat (WIF):
WIF has been among the best performing cryptocurrencies in recent months. The asset has gained over 63% in the past two weeks and over 27% in the past month.
Like Shiba Inu, the Solana-based memecoin is also expected to continue its rally over the weekend. predicted WIF will reach $2.72 on Sunday, July 28, 2024.
Popcat (POPCAT):
POPCAT is among the best performing cryptocurrencies right now. The feline-themed memecoin is up nearly 99% in the last 14 days and 92.5% in the past month.
Also read: Top 3 cryptocurrencies to watch this week: July-end 2024
CoinCodex Data suggests that the memecoin will continue to rally in the coming weeks, reaching new highs.