MAGA

Contrary to the turbulent movement in the crypto market last week, the <a href="https://www.thecoinrepublic.com/2024/07/02/memecoins-bonk-brett-poised-for-potential-gains-an-outlook/" rel="noopener noreferrer nofollow">cryptocurrencies</a> showcased a balanced movement this week. Last week there was a panic selloff after Bitcoin slumped below $60K mark, triggering fear among investors.
However, several cryptocurrencies registered notable upswings this week restoring back the investors confidence. The <a href="https://www.thecoinrepublic.com/2024/07/03/daddy-ponke-and-hoppy-three-memecoins-to-watch-this-week/" rel="noopener noreferrer nofollow">memecoins</a> emerged as the top choices for the investors amid the market recovery.&nbsp;
WAT, PEIPEI and MAGA emerged as top choices for the investors this week, each showing gains of over 20% this week.
<h2 class="wp-block-heading" id="h-wat-wat">Wat (WAT)</h2>
The memecoin WAT is a tribute to Furie’s love for his pet rat, Wat. Though not directly linked to Furie or “The Night Riders,” it celebrates his work and the popular meme. This launch blends creativity and technology, offering a unique investment chance. 
<a href="https://in.tradingview.com/chart/WATUSDT/l75rFtey-Wat-WAT/" rel="noopener noreferrer nofollow"> </a> &nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/" rel="noopener noreferrer nofollow"> </a>&nbsp; <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"> </a> 
Compared to other meme coins like BRETT, ANDY, PEPE, and WOLF, WAT has shown strong growth potential. A closer look at the price performance reveals that WAT added over 58.17% over the week, claiming the top gainer memecoin of the week.&nbsp;
Market capitalization at press time was $21.998 Million as the crypto ranked 779th in the overall market. The volume to market capitalization at 27.7% suggests high volatility in the crypto.
<h2 class="wp-block-heading" id="h-memecoin-peipei-peipei">Memecoin PeiPei (PEIPEI)</h2>
PeiPei token blends the popular Pepe meme with Chinese cultural elements, creating a unique and engaging experience that honors tradition while looking to the future.
Launched a month ago on Uniswap, PeiPei has seen rapid growth and is now listed on major exchanges like Poloniex, LBank, and Gate.io.
PeiPei has become a top gainer, securing the leading position among the top weekly gainers. The price performance reveals that PeiPei has surged 24.1% a week to claim the 2nd top memecoin gainer of the week.
At the time of writing, PeiPei was exchanging hands at $0.000000256, hovering close to its major moving averages (MAs). The Fibonacci tool suggests a major resistance at $0.063848.
PeiPei was hovering near a demand zone, with the strongest daily support at $0.000000250. If PeiPei suffers from this support, It could slump towards $0.000000245 which is the next support.
<h2 class="wp-block-heading" id="h-maga-maga-price-analysis">MAGA (MAGA) Price Analysis</h2>
At the time of writing, MAGA was trading at $0.00024 with an impressive intraday gain of 13.09%. MAGA secured the third memecoin gainer of the week rising nearly 20%.&nbsp; 
<a href="https://in.tradingview.com/chart/MAGAUSDT/j4QVaehV-MAGA-MAGA/" rel="noopener noreferrer nofollow"> </a>&nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/" rel="noopener noreferrer nofollow"> </a> <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"> </a> 
Further, in the daily chart, the MAGA price action reveals a double bottom pattern at the $0.00018 demand zone. The neckline of the double bottom pattern was placed close to the $0.00030 mark. A bullish breakout above the neckline could be the gateway to the next distribution phase.
On the higher side, the short term traders and investors may expect a target of $0.005 on a successful breakout of the neckline. on the flip side, the price may move sideways until it is below the neckline.
The post <a href="https://www.thecoinrepublic.com/2024/07/14/best-performing-memecoins-of-the-week-for-maximum-returns/" rel="noopener noreferrer nofollow">Best Performing Memecoins Of The Week For Maximum Returns</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.

Best Performing Memecoins Of The Week For Maximum Returns

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