Meme coins have garnered investors’ interest today more than any other category of crypto assets. Leading the joke tokens was Maneki, who continued the momentum from the previous week.
BeInCrypto has analyzed two other meme coins for investors to watch and the direction in which they are taking.
Maneki (MANEKI)
Launch Date – April 2024
Total Circulating Supply – 8.85 Billion MANEKI
Maximum Supply – 8.85 Billion MANEKI
Fully Diluted Valuation (FDV) – $25.32 Million
MANEKI price surged by nearly 28% over the last 24 hours, reaching $0.0028. This significant rise marks a continuation of the altcoin’s rally from the previous week.
The meme coin is expected to maintain its upward trajectory, aiming to breach the $0.0036 barrier in the coming days. A successful breach could attract more investors, sparking inflows and potentially propelling the price even higher. This would enhance the altcoin’s visibility and fuel its growing popularity.
MANEKI Price Analysis. Source: TradingView
However, if MANEKI fails to hold its support at $0.0022, it could fall to $0.0017. A drop to this level would invalidate the bullish outlook and extend the recent losses, halting its upward momentum.
Keyboard Cat (KEYCAT)
Launch Date – January 2024
Total Circulating Supply – 10 Billion KEYCAT
Maximum Supply – 10 Billion KEYCAT
Fully Diluted Valuation (FDV) – $35.39 Million
KEYCAT’s price saw a modest 11% increase today, reaching $0.0035, continuing its rally from the previous week, which now totals 64%. Despite not performing as well as MANEKI, this consistent upward trend could attract investors’ attention.
The next resistance level for KEYCAT is at $0.0040, and to breach this level, the altcoin will likely need broader market support. If successful, this could propel the meme coin toward $0.0053, solidify the current bullish outlook, and fuel further price action, drawing in more investors.
KEYCAT Price Analysis. Source: TradingView
However, if KEYCAT fails to break through $0.0040, it may drop to $0.0030, with further declines possible if this support is lost. Such a fall would invalidate the bullish thesis and signal a potential reversal in price.
Popcat (SOL) (POPCAT)
Launch Date – December 2023
Total Circulating Supply – 979.97 Million POPCAT
Maximum Supply – 979.97 Million POPCAT
Fully Diluted Valuation (FDV) – $262.19 Million
POPCAT saw an impressive 115% rise over the past week, positioning it as one of the best-performing tokens. However, despite this surge, the meme coin faced a slight decline in the last 24 hours. The volatility signals a possible shift, though the outlook remains generally positive.
While the recent decline has almost been recovered, POPCAT’s momentum seems to be waning. Currently holding above the $0.244 support, the coin looks poised to bounce back and potentially rise to $0.342. Continued support from the market could allow for a more sustained recovery in price.
POPCAT Price Analysis. Source: TradingView
However, if POPCAT fails to maintain support at $0.244, the price could fall to $0.205, significantly invalidating the bullish outlook. A break below this support would suggest further price erosion, reversing the recent gains and potentially setting the coin on a downward trajectory.
Disclaimer
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