dogwifhat ($WIF) and Popcat ($POPCAT) rose in the last 24 hours by more than 18%. WIF jumped to $2.66 while POPCAT surged to $1.45. This puts them in a position where the community can speculate about their holdings reaching a new ATH. The increase translates to 19.03% and 18.88%, applicable in the same order, at the time of writing this article.
Taking WIF as the first token for discussion, the meme coin is one of the biggest gainers in the meme coin segment. In fact, amidst the rising geopolitical tension in the Middle East, WIF is one of the biggest gainers in the entire crypto chart. Concerns are raised about the rising oil prices and their effects on inflation around the world.
The WIF’s ATH is $4.80. It was attained on March 31, 2024. Given the pace at press time, it could surpass that level to set a new all-time high value by the end of October 2024, or in the next 30 days. It is projected to reach $8.84, nearly double the current ATH. First, WIF is entrusted with setting a support level of $3.48 over the next five days.
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Investors are exploring altcoins other than DOGE and SHIB. Options including, but not limited to, WIF and POPCAT are at the top since they can make short-term profits.
POPCAT’s ATH is $1.474, achieved on October 7, 2024. This answered the most anticipated question about which token will reach a new ATH first. POPCAT is now predicted to reach $4.78 in the next 30 days with a surge of 233.83%. A similar pace is anticipated for WIF.
The trading volume is, however, a different story. WIF has already outperformed POPCAT, rising 109.17% in 24-hour trading volume. The latter stands at 73.03% right now. It signals that the community and investors are actively engaging with both meme coins in order to either accumulate them or sell them at a profit. The likelihood of accumulation is higher due to the bullish projections, even if they do not reach the expected highs.
POPCAT is currently the first one to reach a new ATH. WIF still needs to record a new high in the books. Their near-term predictions are bullish. Three more Solana meme coins are expected to perform better: MEW, BOME, and BONK. This has worked well for Solana too, with SOL rising 4.29% in a single day. It is exchanging hands at $149.20 as the article is being drafted.
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A rise in the value and trading volume of Solana meme coins is likely to benefit Solana, in addition to the prospects for its ETFs, which might enter the market in 2025 or 2026.
