Meme coins fared well today as the crypto market rejoiced owing to a potential ceasefire between Israel and Iran. Non-Playable Coin (NPC) took the top spot today, rising by nearly 45% to reach closer to the $1 mark.
BeInCrypto has analysed two other meme coins that posted gains high enough to make them worthy of investors to watch.
dogwifhat (WIF)
Launch Date – December 2023
Total Circulating Supply – 998.92 Million WIF
Maximum Supply – 998.92 Million WIF
Fully Diluted Valuation (FDV) – $861.32 Million
Contract Address – EKpQGSJtjMFqKZ9KQanSqYXRcF8fBopzLHYxdM65zcjm
WIF price has surged by nearly 25% in the last 24 hours, currently trading at $0.861. This price increase is largely driven by the broader market’s bullish momentum, suggesting that WIF is benefiting from positive market conditions.
The Ichimoku Cloud indicates bullishness for WIF, suggesting that the meme coin may continue its upward trend. If WIF manages to secure $0.851 as support, it will likely pave the way for further gains, pushing the price towards $0.950. Reaching this level would bring the $1.000 target closer.
WIF Price Analysis. Source: TradingView
However, if WIF fails to secure $0.851 as support, it risks a decline. A drop below this level could push the price down to $0.752, invalidating the current bullish thesis. This would suggest that the recent upward momentum is losing steam, with further declines possible.
Launchcoin on Believe (LAUNCHCOIN)
Launch Date – January 2025
Total Circulating Supply – 999.87 Million LAUNCHCOIN
Maximum Supply – 1 Billion LAUNCHCOIN
Fully Diluted Valuation (FDV) – $108.80 Million
Contract Address – Ey59PH7Z4BFU4HjyKnyMdWt5GGN76KazTAwQihoUXRnk
Launchcoin has experienced a 22% rise over the last 24 hours, currently trading at $0.108. The altcoin is now testing the resistance at $0.114, aiming to break through this level for further gains. The recent surge indicates growing interest from investors amid broader market optimism.
Securing $0.114 as support is critical for Launchcoin to recover the 62% losses it experienced over the last 12 days. If the meme coin can hold above this level, it will have a shot at reaching $0.140. This would mark a significant recovery, restoring confidence in Launchcoin’s price potential.
LAUNCHCOIN Price Analysis. Source: TradingView
However, if Launchcoin faces increased selling pressure from investors, it risks falling below the $0.100 support level. A drop to $0.087 or lower would invalidate the bullish outlook for the meme coin, signaling further downside.
Small Cap Corner – Non-Playable Coin (NPC)
Launch Date – August 2023
Total Circulating Supply – 8.05 Billion NPC
Maximum Supply – 8.05 Billion NPC
Fully Diluted Valuation (FDV) – $122.89 Million
Contract Address – 0x8ed97a637a790be1feff5e888d43629dc05408f6
NPC has outperformed top meme coins, posting a remarkable 45% rise in the last 24 hours. Currently trading at $0.0154, the meme coin is approaching the resistance level of $0.0156. This surge highlights the strong interest in NPC and its potential for further growth if it can surpass the resistance.
The Relative Strength Index (RSI) for NPC is positioned in the positive zone above the neutral mark, signaling increasing bullish momentum. This indicates that momentum is gaining strength and could support a breakthrough above $0.0156. If the resistance is flipped into support, NPC could rise toward $0.0174.
NPC Price Analysis. Source: TradingView
However, if NPC fails to break through $0.0156, it risks a pullback. A fall below this level would bring the price to $0.0136. Should the support at $0.0136 break, the altcoin could drop further to $0.0121, invalidating the bullish outlook and signaling a potential bearish movement.
