This Week in Meme Coins: PEPE, POPCAT, and SUNDOG Experience Significant Price Surges
Meme Coins on the Rise: An Overview
This week saw the resurgence of meme coins with PEPE, POPCAT, and SUNDOG leading the charge. The third week of August 2024 brought notable price surges amid newfound trading interest.
PEPE's Trading Volume Soars
PEPE experienced a remarkable increase of
- 25% in the last week
- Renewed interest among traders, especially on August 23
- Trading volume nearing $1 billion, marking a 106% increase in 24 hours
This uptick was influenced by a shift from a bearish pennant pattern to renewed bullish momentum, as indicated by the Relative Strength Index (RSI).
POPCAT Leverages Binance Listing
The meme coin POPCAT enjoyed a significant price increase of 67.38% following its listing on Binance:
- Hit a price of $0.77
- A whale purchased $5.73 million worth, boosting momentum
Technical analysis revealed a breakout from a symmetrical triangle pattern, suggesting potential for further gains.
SUNDOG Price Skyrockets
SUNDOG, launched on Tron, has emerged as the standout performer, rising over 100 times since its debut:
- Recorded a 400% increase in the last week
- Price peaked at $0.28, indicating significant market interest
Expectations for more exchange listings could propel SUNDOG's price even further in the coming days.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.