Dogwifhat is forming a V-shaped recovery after devastating sell pressure this week, currently up 12% today.
Its powerful momentum reflects the market’s insatiable interest in meme coins.
Bulls Scramble to Buy WIF At $1.5
Dogwifhat at $1.5 was irresistible for many crypto bulls.
The token briefly tapped the $15 mark yesterday but shot back up as traders rushed to secure the low price.
Currently trading at $1.96, WIF has enjoyed a 12% uptick today and is spearheading the crypto market’s recovery after a disappointing week.
Market leader Bitcoin remains 7% in the red this week, and many other projects, including WIF, are also discounted.
However, while the total crypto market cap has jumped 3% today, traders have shown an outsized interest in the Solana-based meme coin.
Meanwhile, the broader Solana meme coin sector has also garnered attention, up 7% today.
Yet it’s Dogwifhat taking traders by storm.
Cryptoknight suggests that WIF’s recent pump marks the beginning of its next bull market rally.
Per the analyst’s chart, WIF will advance toward $7 by September.
$wif a good bounce from support level so far pic.twitter.com/ZyWDH7zJ87
— KNIGHT $INJ TO 100$ (@cryptoknight890) July 5, 2024
Meanwhile, analyst Ramsr suggests that Dogwifhat’s decisive recovery is monumentally bullish for other meme coins.
“The resilience of WIF is disgustingly bullish for our meme coin bags,” he wrote on X.
Indeed, WIF’s strength indicates that meme coin season is far from finished.
The project is leading the crypto’s recovery, so it’s likely other meme coins will follow.
So, let’s explore the top three most promising meme coins that could explode.
3 Meme Coins That Could Rise Next
PlayDoge
PlayDoge is a new trending meme coin currently undergoing a presale.
Despite the recent pullback, the project has generated $5.3 million in presale funding. This is a big indicator of community excitement and could lead to explosive price growth.
But PlayDoge is not your average meme coin. It’s a Play-to-Earn (P2E) meme coin crossover inspired by the hit 1990s Tamagotchi game.
Tamagotchi was a handheld gaming device that enabled users to care for a virtual pet.
PlayDoge is swapping out the traditional Tamagotchi pets for an 8-bit doge, which bolsters the appeal to meme coin enthusiasts.
However, the most important change is that PlayDoge users can earn $PLAY tokens.
This is a significant upgrade and could draw mass adoption.
Tamagotchi sold 82 million users, and once they find out they can relive their childhood experiences and earn free crypto, there’s every chance they’ll sign up to PlayDoge.
The game will be available on the App Store and Google Play Store to ensure widespread availability.
Currently, investors can buy PlayDoge for $0.00516, but this price will rise throughout the presale.
Michi
Michi is a cat-themed meme coin on the Solana network.
It has a massive and vocal community and is currently trading at a 40% discount this week.
That could be a recipe for parabolic gains as the market recovers.
Michi has also enjoyed an outsized recovery today, up 13%.
However, it remains down 76% from its May all-time high (ATH), presenting massive room for growth.
Analyst Pump claims Michi has the largest community on X and suggests it is going “way higher.”
According to the accompanying price chart, Michi could reach $1 in the coming months. It is currently priced at $0.14.
$michi
— Pomp (@pompbrah) July 5, 2024
For some reason $michi is weaker than other memes which blows my mind since it’s literally the largest community/cult on ct
Influencers using them kitty also
Send it way higher
Currently in a wave 2 retest
Chart still valid ⬇️ pic.twitter.com/ZJo6IqWPgi
Per Michi’s website, the project is the “most memeable cat on the internet.”
The project’s mascot is a cute cat standing on two legs, and its website has a built-in “Michi Meme Maker” where users can create their own Michi memes with customizable attire.
Non-Playable Coin
Non-Playable Coin is a meme coin-NFT hybrid project on the Ethereum and Base networks.
Like the other meme coins discussed, NPC has also shown considerable strength today, outpacing other cryptocurrencies. This lays the foundations for further growth.
And adding to the excitement, Non-Playable Coin encapsulates a unique paradigm of internet meme culture, and its $127 million market cap presents massive room for growth.
NPC is gaming terminology for non-playable characters. However, it has recently become a colloquialism to describe someone who lacks independent thought or personality.
The term has gained popularity on social media sites like X and in some meme coin circles, and the terminally online nature of meme coin degens means many can resonate.
The project is also a fresh alternative within the predominantly animal-centric meme coin domain.
NPC is currently trading at $0.01854, up 17% today, down 12% this week, and up 10% this month.