The cryptocurrency market is witnessing another trend reversal as major assets trade in the green zone today. Bitcoin has rallied 4.5% in the last 24 hours and is on the verge of reclaiming the $67,000 level once again.
The sudden market rebound is likely due to the positive US economic data. The US GDP grew by 2.8% in Q2 2024, beating expert expectations. Investor confidence seems to have improved as they channel funds into risky assets, such as cryptocurrencies. With inflation cooling, there is a high possibility that the Federal Reserve will cut interest rates very soon.
With that said, let’s look at three memecoins you could watch this weekend.
Top 3 meme cryptocurrencies to watch this weekend
Shiba Inu (SHIB):
Source – Token Metrics
SHIB is probably the most popular memecoin after Dogecoin (DOGE), the original memecoin. SHIB is a popular choice among new investors due to the asset’s incredible performance in the 2021 bull run.
Also Read: Top 3 Cryptocurrencies To Watch This Weekend
SHIB has rallied 3.8% in the daily charts and may continue its rally over the weekend. CoinCodex anticipates SHIB to reclaim the $0.00002 level this weekend, hitting $0.00002107 on Sunday, July 28, 2024.
dogwifhat (WIF):
Source: twitter
WIF is among the best-performing cryptocurrencies of the last few months. The asset has rallied by over 63% in the last two weeks and more than 27% over the previous month.
Like Shiba Inu, the Solana-based memecoin will also likely continue its rally over the weekend. CoinCodex predicts WIF to hit $2.72 on Sunday, July 28, 2024.
Popcat (POPCAT):
Source: The Coin Republic
POPCAT is among the best-performing cryptocurrencies right now. The cat-themed memecoin has rallied by nearly 99% in the last 14 days and 92.5% over the previous month.
Also Read: Top 3 Cryptocurrencies to Watch This Week: July-End 2024
CoinCodex data suggests that the memecoin will continue rallying over the next few weeks, hitting new highs.