Meme cryptocurrencies have performed well today as the cryptocurrency market rejoices over the potential ceasefire between Israel and Iran. Non-Playable Coin (#NPC ) took the top spot today, rising nearly 45% as it approached the $1 mark.
BeIn,,Crypto analyzed two other meme coins that have made significant gains enough to make them worthy of investors' attention.
dogwifhat ($WIF )
Launch Date - December 2023
Total Circulating Supply - 998.92 million WIF
Max Supply - 998.92 million WIF
Fully Diluted Valuation (FDV) - $861.32 million
The price of #WIF has risen by nearly 25% in the past 24 hours, currently trading at $0.861. This price increase is largely driven by the broader market's bullish momentum, indicating that WIF is benefiting from positive market conditions.
The Ichimoku Cloud indicator suggests a bullish trend for WIF, implying that the meme coin may continue its upward trajectory. If WIF succeeds in securing $0.851 as support, it is likely to 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.
However, if WIF fails to secure $0.851 as support, it risks declining. A drop below this level could push the price to $0.752, invalidating the current bullish hypothesis. This would indicate that recent bullish momentum is losing strength, with the potential for further declines.
Lau, nchcoin on B,lieve (#LAUNCHCOIN )
Launch Date - January 2025
Total Circulating Supply - 999.87 million LAUNCHCOIN
Max Supply - 1 billion LAUNCHCOIN
Fully Diluted Valuation (FDV) - $108.80 million
Launchcoin has seen a 22% increase in the past 24 hours, currently trading at $0.108. The altcoin is now testing resistance at $0.114, aiming to break through this level for further gains. The recent rise indicates growing investor interest amid broader market optimism.
Securing $0.114 as support is crucial for Launchcoin to recover the 62% losses it incurred over the past 12 days. If the meme coin can maintain a level above this, it will have a chance to reach $0.140. This would represent a significant recovery, restoring confidence in Launchcoin's price potential.
LAUNCHCOIN Price Analysis.
However, if Launchcoin faces increasing selling pressure from investors, it risks falling below the support level of $0.100. A drop to $0.087 or lower would invalidate the bullish outlook for the meme coin, indicating further declines.
Small Cap Coin - Non-Playable Coin (NPC)
Launch Date - August 2023
Total Circulating Supply - 8.05 billion NPC
Max Supply - 8.05 billion NPC
Fully Diluted Valuation (FDV) - $122.89 million
NPC outperformed major meme coins, recording a remarkable increase of 45% in the past 24 hours. It is currently trading at $0.0154, nearing the resistance level of $0.0156. This rise highlights strong interest in NPC and the potential for further growth if it can surpass the resistance.
The Relative Strength Index (RSI) for NPC is in the positive zone above the neutral mark, indicating increasing bullish momentum. This suggests that momentum is gaining strength and could support a breakout above $0.0156. If resistance turns into support, NPC could rise towards $0.0174.
NPC Price Analysis.
However, if NPC fails to break above $0.0156, it risks pulling back. A drop below this level could bring the price down to $0.0136. If support at $0.0136 is broken, the altcoin may fall further to $0.0121, invalidating the bullish outlook and indicating a potential downward movement.
