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Meme Coin Weekly Watch: WIF, POPCAT and MOG are on the Rise, Others Look Bleak

Meme Coin Weekly Watch: WIF, POPCAT and MOG are on the Rise, Others Look Bleak

Aug, 11 2024 6:46
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This past week has been a rollercoaster for the top 10 meme coins, with market volatility driving both significant gains and sharp declines.

As the market reacted to broader crypto trends, these community-driven tokens showed their resilience—or lack thereof. Here’s a breakdown of how each of the top meme coins fared this week.

Dogecoin (DOGE) led the meme coin pack this week, experiencing a 16% surge early on, fueled by renewed interest and strong community support. However, the coin faced resistance later in the week, testing its ability to sustain these gains. The overall growth for the week was levelled out, as a result we can record a symbolic rise of 0.86%.

Shiba Inu (SHIB) followed in Dogecoin’s footsteps but struggled to maintain momentum. Despite an initial boost, SHIB ended the week with modest gain (1.8%), reflecting the challenges of staying competitive in a crowded market.

Pepe (PEPE) had a volatile week, starting with a 22% price surge thanks to its integration into NFT projects. However, this was followed by a sharp downturn, with the coin losing 1% by the end of the week.

Dogwifhat (WIF), though gaining initial traction, saw one of the steepest declines among meme coins, with a 24.5% drop. Despite a strong community and marketing efforts, it couldn’t escape the market-wide sell-off. But when is was over, WIF started to recover. The end of the week was pretty joyful as WIF gained solid 16%.

Bonk (BONK), known for its decentralized and community-driven nature, also faced challenges, ending the week with a 3% loss. Its unique narrative and grassroots initiatives were not enough to counteract broader market pressures.

Floki (FLOKI) is not doing good either. Named after Elon Musk’s dog, Floki experienced a mixed week. The coin dropped by 2.9% despite the launch of a new roadmap aimed at expanding its ecosystem with a gaming metaverse and NFT marketplace.

Brett (BRETT) was a standout this week, soaring by 8.2%. This surge was driven by aggressive promotional efforts and a strong community, positioning Brett as a potential rising star among meme coins. Interestingly, Brett isn't widely discussed on multiple forums or in social networks, there is no substantial buzz around it, yet the coin is gaining solid respect on the market.

Mog Coin (MOG) also had a strong week, with a 11.9% increase in value. Its growth was fueled by speculative trading and community-driven events, highlighting the coin’s appeal to investors looking for high-risk, high-reward opportunities. That's why we love meme coins, and that is exactly why we hate them, right?

Book of Meme (BOME) had a relatively stable week, with a 16.8% decline in value and then a rather solid gain. The overall result is hardly satisfying (-2%). But that's not lethal, and the fans are eagerly waiting for what is about to come next week. Focused on storytelling and content creation, BOME continues to attract a niche audience within the meme coin community.

Popcat (POP), a Solana-based meme coin, had a pleasant week compared to its peers, gaining a solid 25% in value. POP continues to maintain a solid community base, appealing to those who value steady, long-term growth.

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