It’s been a great start to the week for meme coin traders.
Dogecoin and Popcat have seen sizable price spikes, while Crypto All-Stars continues to impress investors in presale.
With these three projects showing bullish momentum, market participants believe a “meme coin season” could be about to kick off.
Dogecoin Shows Strength with Growing Trading Volumes
Dogecoin, the original meme coin, isn’t messing around this week.
It has climbed to $0.148 in a rally that has caught the attention of crypto traders worldwide.
After Friday’s dip, DOGE has bounced back strong with a 15% gain and is on track for its third day in the green.
This surge has pushed DOGE to levels unseen since mid-June.
And the technicals look even more promising.
On the 4-hour chart, DOGE’s breakout from a tight bull flag pattern hints at more upside potential.
Spot trading volumes back this up, spiking 112% to $1.8 billion over the past day – enough to make DOGE the seventh most traded crypto, ahead of BNB and XRP.
Derivatives traders are taking notice too, as open interest now exceeds $1 billion.
While Bitcoin’s rally is likely fueling much of this momentum, DOGE is showing why it’s still the world’s most loved meme coin.
Popcat Gains Momentum After Major Influencer Endorsement
Not letting Dogecoin get all the attention, Popcat is also rallying, jumping 20% from Friday’s low.
The coin is now trading at $1.54 and edging closer to last week’s all-time high.
POPCAT’s momentum is building fast, with trading volumes up 119% to $198 million – enough to knock BONK down a peg as Solana’s second-largest meme coin.
But what’s really excited investors is a weekend shout-out from legendary meme coin trader Murad.
In a tweet to his 367,000+ followers, he made a strong case for POPCAT’s potential, hinting it could eventually rival DogWifHat.
With Murad’s knack for spotting meme coin winners, his support is huge.
And with the price action showing a solid upward channel on the 4-hour chart, POPCAT looks primed to test its highs again soon.
Adding to the bullishness is all the talk around the upcoming U.S. election.
Many traders believe that if Trump wins, it will lead to a bull market, mainly because of his pro-crypto stance.
That would prompt even more demand for meme coins like DOGE and POPCAT.
Viral Crypto All-Stars Project Brings New Utility to Meme Coins with Enormous Staking Rewards
Also benefiting from the meme coin buzz is Crypto All-Stars in presale.
Crypto All-Stars is breaking new ground with its “MemeVault” staking ecosystem.
It aims to tackle a long-standing gap in the meme coin space: a lack of passive income options.
While most staking platforms stick to big tokens like ETH or SOL, MemeVault supports popular meme coins like DOGE, SHIB, and PEPE.
Its multi-chain, multi-token model uses the ERC-1155 standard to make everything easy and efficient.
The numbers suggest that traders are buying into Crypto All-Stars’ vision.
Over $2.8 million has been raised in the project’s presale, with early investors drawn to the STARS staking rewards.
Those who get into STARS in presale can stake their tokens right away for APYs of 549%.
Strong security measures, with audits from Coinsult and SolidProof, back up this staking setup.
Investors are hyped about Crypto All-Stars’ potential.
The project now has thousands of followers on Twitter and Telegram, which sets the stage for strong community backing as it heads towards launch.
It seems to be tapping into something fresh – a mix of DeFi utility and meme coin appeal.
So, in a space where hype often outweighs fundamentals, Crypto All-Stars takes a different approach.
And it could be one worth watching as we head into the final weeks of 2024.
Visit Crypto All-Stars Presale
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