$POPCAT and $WIF Post Gains While Broader Meme Market Wavers

A look across the crypto market today doesn't offer much good news. Nine of the top 10 non-stablecoin tokens are down, and Bitcoin is sitting 24%

The crypto market has seen a wild week, with prices first crashing on fears of a US recession and then quickly rebounding on hopes of interest rate cuts. While most of the market has been neutral for the past 24 hours, unsure of what’s coming next, several meme coins have been posting major gains.

Popcat and Dogwifhat led the way with gains of 16% and 13%, respectively, in the last 24 hours. Meanwhile, a new meme coin called Base Dawgz has been rapidly raising funds in its ongoing presale.

Let’s take a closer look at the state of the meme coin market today.

$POPCAT and $WIF Post Gains While Broader Meme Market Wavers

A look across the crypto market today doesn’t offer much good news. Nine of the top 10 non-stablecoin tokens are down, and Bitcoin is sitting 24% below its all-time high after looking poised to break through to new heights just last week.

In the meme coin market, 8 of the top 10 meme tokens are down in the last 24 hours. Popcat and Dogwifhat are the notable exceptions, posting impressive gains despite the broader malaise.

Neiro Ethereum, a new meme coin, has also been moving up the meme coin charts with a 26% gain. It’s now the 15th-most valuable meme coin after launching on July 28th.

It’s unclear why $POPCAT and $WIF are rising today. While both are Solana tokens, other Solana meme coins like Bonk, Cat in a Dog’s World, and Book of Meme are all trading lower. Popcat and Dogwifhat also have opposite themes—one is a cat coin, and the other a dog coin.

Still, despite this bright spot, the meme coin market has taken a beating in the current downturn. $POPCAT is down 28% in the past 7 days, while $WIF is down 31%. Dogecoin and Shiba Inu, the two largest meme coins, have held up relatively well, but remain down 23% and 20%, respectively.

The vibe among meme coin traders now is uncertainty over where the market will go next. An interest rate cut in the US could set off a new frenzy of meme coin trading and result in a widespread pump.

However, traders could also take the macroeconomic warning signals as a sign that it’s time to lock in profits and head for less volatile assets, causing meme coins to slide further.

Base Dawgz ICO Raises $2.8M as Hype Builds for Explosive Launch

One new meme coin appears to be defying gravity in the bearish meme coin market: Base Dawgz.

This ICO token has raised more than $2.8 million in its ongoing $DAWGZ coin presale and has earned accolades from crypto analysts. At the rate the presale is going, $DAWGZ could not only sell out, but rocket higher after hitting exchanges.

The excitement around Base Dawgz is in part thanks to the token’s innovative approach to cross-chain interoperability. $DAWGZ is launching simultaneously on Base, Ethereum, Solana, Avalanche, and Binance Smart Chain, and token holders will be able to move value seamlessly from one chain to another using $DAWGZ.

That’s a huge deal for meme coin traders who need to be able to chase the latest opportunity on a moment’s notice, and not pay an arm and a leg in fees along the way. Trading around other meme coins could end up being one of the biggest drivers of demand for $DAWGZ.

Base Dawgz is also building hype by turning its presale investors into social media advocates. Token holders can connect their X accounts to the $DAWGZ presale site, then earn points towards a token airdrop by sharing content from the Base Dawgz X account. The more users share, the more $DAWGZ they’ll earn ahead of the token’s launch.

Early investors can also take advantage of 939% APY staking rewards to fill their bags with $DAWGZ before it hits exchanges.

Thanks to all of this, crypto analyst Crypto Boy recently called $DAWGZ the next meme coin to 100x.

Don’t miss this chance to join the Base Dawgz presale and be ready to ride this meme coin to the moon and beyond.

Visit Base Dawgz Presale

The above is the detailed content of $POPCAT and $WIF Post Gains While Broader Meme Market Wavers. For more information, please follow other related articles on the PHP Chinese website!