Meme coins have attracted a significant amount of attention from investors today compared to other types of cryptocurrency assets, with Maneki leading the pack by building on the momentum established in the previous week.
BeInCrypto has reviewed two additional meme coins that investors should keep an eye on and analyzed the paths they are following.
Maneki (MANEKI)
Launched in April 2024
Total Circulating Supply – 8.85 Billion MANEKI
Max Supply – 8.85 Billion MANEKI
Fully Diluted Valuation (FDV) – $25.32 Million
The value of MANEKI surged by almost 28% in the past 24 hours, climbing to $0.0028. This increase continues the coin's upward trend from the previous week.
It is anticipated that the meme coin will sustain its upward movement, with a goal to surpass the $0.0036 mark in the days ahead. If this milestone is achieved, it could attract more investors, drive up investments, and potentially push the price even higher. This would improve the coin's visibility and contribute to its rising popularity.
Nevertheless, if MANEKI struggles to maintain support at $0.0022, it may drop to $0.0017. A decline to this level would negate the optimistic forecast and extend the recent losses, bringing an end to its upward momentum.
Keyboard Cat (KEYCAT)
Launched in January 2024
Total Circulating Supply – 10 Billion KEYCAT
Max Supply – 10 Billion KEYCAT
Fully Diluted Valuation (FDV) – $35.39 Million
KEYCAT's price recorded a modest 11% gain today, reaching $0.0035, continuing its upward trajectory from the previous week, with a cumulative increase of 64%. Even though not as impressive as MANEKI, this consistent upward trend could capture the interest of potential investors.
The next hurdle for KEYCAT is at $0.0040, and breaking through this level may require broader market support. If successful, this move could drive the meme coin toward $0.0053, strengthen the bullish perspective, and spur additional investment, attracting more enthusiasts.
However, failing to breach the $0.0040 resistance could result in a drop to $0.0030, with further declines possible if this level of support is breached. Such a decline would invalidate the bullish stance and indicate a potential price reversal.
Popcat (SOL) (POPCAT)
Launched in December 2023
Total Circulating Supply – 979.97 Million POPCAT
Max Supply – 979.97 Million POPCAT
Fully Diluted Valuation (FDV) – $262.19 Million
POPCAT experienced an impressive surge of 115% over the past week, positioning it as one of the top-performing tokens. However, despite this notable increase, the meme coin encountered a slight decline in the last 24 hours, signaling a potential shift in momentum, although the overall outlook remains positive.
While the recent dip has almost been recovered, the momentum of POPCAT seems to be weakening. With current support above $0.244, the coin appears set to rebound and potentially rise to $0.342. Continuous support from the market could facilitate a more sustained recovery in price.
Nonetheless, if POPCAT fails to maintain support at $0.244, the price might drop to $0.205, significantly challenging the bullish outlook. A breach below this support level would suggest further price declines, reversing the recent gains and possibly setting the coin on a downward trajectory.