A meme coin boom is occurring today, and its led by Popcat and Dogwifhat.
They’re up 25% and 12%, respectively, well outpacing the market average.
POPCAT and WIF Surge On Crypto Market Bounce
It’s good news for traders all around – every top 100 crypto is in the green.
But as normal, meme coins are the main focus.
While the crypto market cap is up by 4.49%, the meme coin market cap is up by 10.9%.
And Popcat and Dogwifhat are racing ahead.
Currently, Popcat is trading at $0.7631.
Its price is up 3.7% in the past hour, 28% today, and 68% this week.
The project holds a $741 million market cap and a $160 million 24-hour trading volume.
It’s just 24% off its all-time high (ATH).
But traders think its recent gains will continue into price discovery.
For instance, Cold Blooded Shiller noted that it had broken a key resistance level. He suggests that if it retests and bounces from here, the next move could catapult it to $2.
That’d be almost a 3x gain from its current price.
Meanwhile, Trader Travis highlighted that Popcat is strong in its Dogwifhat trading pair.
He said it’s “breaking out” against WIF, which indicates it could continue to outpace the Solana top dog.
But that’s not to say WIF is performing poorly.
In fact, it’s also on fire.
Currently, Dogwifhat is trading at $1.82, up 1% in the last hour, 12% today, and 29% this week.
It has a $1.8 billion market cap and a $507 million 24-hour trading volume.
Analyst Bitforce showed similarities between WIF’s current price chart formation and that of Solana in 2021.
Based on the chart, WIF could be primed for a parabolic run through the ongoing market cycle.
Another meme coin that is also gaining pace is PlayDoge. It’s undergoing a presale with just two days left, so investors are scrambling to buy the last tokens.
PlayDoge Presale Clears $6.2M With Just 2 Days Until Doors Close
It’s the last chance to buy PlayDoge at presale.
The project is a crossbreed of meme coin and Play-to-Earn (P2E) crypto, cultivating a unique narrative that has drawn lots of attention.
PlayDoge is inspired by the hit 90s pet companion game Tamagotchi.
It follows a similar concept – users will look after a pet on their handheld gaming device, but there are a few key upgrades.
First off, PlayDoge users get paid to play. This is a clear benefit and could result in serious adoption.
It also swaps out the traditional Tamagotchi pets for doge pets, making it more appealing to the crypto industry and meme coin fans.
Lastly, it will be available on smartphones to ensure everyone can play. Per its website, the game will launch on the App Store and Google Play Store.
The $PLAY token will be used for rewards, as an in-game currency, and for staking.
Evidently, there are a lot of advantages over most meme coins.
And analysts are in full support.
Jacob Bury says it could “10x your money.”
He suggests that this is not only through price appreciation but also staking rewards.
Staking is live in the presale and currently provides a 74% APY.
But there are just two days left to buy, then $PLAY will list on exchanges.
Investors can buy the presale using BNB, ETH, USDT, and bank card.
