Meme Coins Bounce Back as Dogecoin, Popcat and Crypto All-Stars All Rise

It’s been an ideal begin to the week for meme coin merchants.

Dogecoin and Popcat have seen sizable value spikes, whereas Crypto All-Stars continues to impress traders in presale.

With these three tasks exhibiting bullish momentum, market individuals imagine a “meme coin season” may very well be about to kick off.

Dogecoin Exhibits Energy with Rising Buying and selling Volumes

Dogecoin, the unique meme coin, isn’t messing round this week.

It has climbed to $0.148 in a rally that has caught the eye of crypto merchants worldwide.

After Friday’s dip, DOGE has bounced again sturdy with a 15% achieve and is on monitor for its third day within the inexperienced.

This surge has pushed DOGE to ranges unseen since mid-June.

And the technicals look much more promising.

On the 4-hour chart, DOGE’s breakout from a decent bull flag sample hints at extra upside potential.

Spot buying and selling volumes again this up, spiking 112% to $1.8 billion over the previous day – sufficient to make DOGE the seventh most traded crypto, forward of BNB and XRP.

Derivatives merchants are taking discover too, as open curiosity now exceeds $1 billion.

Whereas Bitcoin’s rally is probably going fueling a lot of this momentum, DOGE is exhibiting why it’s nonetheless the world’s most beloved meme coin.

Popcat Beneficial properties Momentum After Main Influencer Endorsement

Not letting Dogecoin get all the eye, Popcat can be rallying, leaping 20% from Friday’s low.

The coin is now trading at $1.54 and edging nearer to final week’s all-time excessive.

POPCAT’s momentum is constructing quick, with buying and selling volumes up 119% to $198 million – sufficient to knock BONK down a peg as Solana’s second-largest meme coin.

However what’s actually excited traders is a weekend shout-out from legendary meme coin dealer Murad.

In a tweet to his 367,000+ followers, he made a robust case for POPCAT’s potential, hinting it might ultimately rival DogWifHat.

With Murad’s knack for recognizing meme coin winners, his help is big.

And with the worth motion exhibiting a stable upward channel on the 4-hour chart, POPCAT appears to be like primed to check its highs once more quickly.

Including to the bullishness is all of the speak across the upcoming U.S. election.

Many merchants imagine that if Trump wins, it can result in a bull market, primarily due to his pro-crypto stance.

That will immediate much more demand for meme cash like DOGE and POPCAT.

Viral Crypto All-Stars Undertaking Brings New Utility to Meme Cash with Huge Staking Rewards

Additionally benefiting from the meme coin buzz is Crypto All-Stars in presale.

Crypto All-Stars is breaking new floor with its “MemeVault” staking ecosystem.

It goals to deal with a long-standing hole within the meme coin area: an absence of passive earnings choices.

Whereas most staking platforms stick with huge tokens like ETH or SOL, MemeVault helps fashionable meme cash like DOGE, SHIB, and PEPE.

Its multi-chain, multi-token mannequin makes use of the ERC-1155 normal to make all the things simple and environment friendly.

The numbers counsel that merchants are shopping for into Crypto All-Stars’ imaginative and prescient.

Over $2.8 million has been raised within the undertaking’s presale, with early traders drawn to the STARS staking rewards.

Those that get into STARS in presale can stake their tokens straight away for APYs of 549%.

Robust safety measures, with audits from Coinsult and SolidProof, again up this staking setup.

Traders are hyped about Crypto All-Stars’ potential.

The undertaking now has hundreds of followers on Twitter and Telegram, which units the stage for sturdy group backing because it heads in direction of launch.

It appears to be tapping into one thing recent – a mixture of DeFi utility and meme coin attraction.

So, in an area the place hype usually outweighs fundamentals, Crypto All-Stars takes a distinct strategy.

And it may very well be one value watching as we head into the ultimate weeks of 2024.

Visit Crypto All-Stars Presale

Disclaimer: The above article is sponsored content material; it’s written by a 3rd social gathering. CryptoPotato doesn’t endorse or assume duty for the content material, promoting, merchandise, high quality, accuracy, or different supplies on this web page. Nothing in it needs to be construed as monetary recommendation. Readers are strongly suggested to confirm the knowledge independently and punctiliously earlier than participating with any firm or undertaking talked about and do their very own analysis. Investing in cryptocurrencies carries a threat of capital loss, and readers are additionally suggested to seek the advice of an expert earlier than making any choices which will or is probably not primarily based on the above-sponsored content material.

Readers are additionally suggested to learn CryptoPotato’s full disclaimer.