2024

Markets experienced an upswing this week, driven by the excitement surrounding Donald Trump’s presence at the Bitcoin 2024 conference.&nbsp;Memecoins were quick to monetize on the larger hype.
The excitement about the 2024 BTC conference attracted investors as BTC saw a rebound from $64K to $67K.&nbsp;
In addition to large-cap cryptocurrencies, another sector captured investors’ attention: memecoins. Apart from the previous months, when we saw the rise of memcoins, this week continued the trend.
Catwifhat (CWIF), LandWolf (WOLF), and PAW (PAW) emerged as the top weekly performers in the memecoin sector.&nbsp;
Catwifhat and PAW crypto saw a strong rebound from the lows. Additionally, LandWolf experienced the breakout of a correction phase. Let’s analyze each one individually.&nbsp;
<h2 class="wp-block-heading" id="h-memecoin-mania-aids-catwifhat-cwif-soar-high">Memecoin Mania Aids Catwifhat (CWIF) Soar High</h2>
Catwifhat gained popularity as a deflationary memecoin within the Solana community in early 2024, following airdrops to over 1.6 million holders.&nbsp;
Inspired by the hit meme dogwifhat, Catwifhat employs a burn fee using Solana Token Extensions, automatically burning 4% of CWIF from every on-chain transaction. 
<a href="https://in.tradingview.com/chart/CWIFUSDT/yDAgPjKD-Catwifhat-CWIF/" 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> 
The CWIF/USD daily chart highlighted a strong rebound in the recent session, contributing to massive growth. The recent surge marked the end of a prolonged two-month correction phase.
When writing, CWIF was hovering close to the $0.0000012 mark, recording an intraday drop of 5%. Despite the intraday fall, Catwifhat emerged as the top weekly memecoin gainer, rising over 68.69%.
<h2 class="wp-block-heading" id="h-landwolf-wolf-also-in-the-memecoin-race">LandWolf (WOLF)&nbsp;Also in the Memecoin Race</h2>
LandWolf aims to provide a unique value proposition within the crypto space, leveraging community engagement and innovative features to attract investors. It has a circulating supply of nearly 10 Billion WOLF tokens. 
<a href="https://in.tradingview.com/chart/WOLFUSDT/MzCVTxwj-LandWolf-WOLF/" rel="noopener noreferrer nofollow">&nbsp; </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> 
LandWolf crypto emerged as the second top weekly memecoin gainer, adding nearly 56.8% a week to the investors’ portfolio. WOLF was down over 5.6% intraday and has a live market capitalization of $124.88 Million.&nbsp;
Moreover, the daily transaction volume has jumped nearly 6.04% to $1.168 Million initraday. The volume-to-market cap ratio stands at 0.92%, suggesting very low volatility.&nbsp;
From a technical standpoint, LandWolf crypto was above the key 20, 50, and 200 day EMA indicating a positive outlook. The EMAs may serve as support if the price sustains.
<h2 class="wp-block-heading" id="h-paw-paw">PAW (PAW)</h2>
PAW Chain has introduced the world’s first Layer 3-centric blockchain, significantly improving scalability and inter-chain operability across various networks.&nbsp;
The roadmap includes a decentralized exchange, merchant services, and a DAO designed for high-volume, low-cost transactions. It has a live market capitalization of $19.38 Million and ranks 808th in the crypto-verse.&nbsp; 
<a href="https://in.tradingview.com/chart/PAWUSDT/NYmYEhRb-PAW-PAW/" 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> 
PAW claimed the third top weekly memecoin, soaring over 46.98%. With a circulating supply of 947.9 Trillion, PAW was trading at $0.0000000202. The transaction volume has dropped by 34.3% to $338.72 Million.
The RSI line was placed at 65.5 points, and the 14-day SMA line was close to 52.6 points. Both the RSI and SMA lines were above the mean line indicating the extension of the bullishness.
The post <a href="https://www.thecoinrepublic.com/2024/07/29/3-top-memecoins-that-outshined-in-the-crypto-market-this-week/" rel="noopener noreferrer nofollow">3 Top Memecoins That Outshined In The Crypto Market This Week</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.

3 Top Memecoins That Outshined In The Crypto Market This Week

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Інші статті, опубліковані 30 лип. 2024 р.

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