POPCAT and WIF In Freefall While New Meme Coin ICOs Push Through Milestones

After massive growth in the last few weeks, Solana meme coins, Popcat, and Dogwifhat sank to support levels. The Bitcoin fluctuations hit these

Solana meme coins, Popcat ($POPCAT), and Dogwifhat ($WIF) recorded losses on Monday, with both tokens trading below their crucial support levels. The losses come amid a broader downturn in the cryptocurrency market, with Bitcoin (CRYPTO: BTC) prices fluctuating below $40,000.

What Happened: According to Binance, Dogwifhat (CRYPTO: WIF) prices fell to $2.07 on Monday, approaching a crucial support level of $1.96. If prices continue to drop below this level, buyers might step in to defend this position.

The Relative Strength Index (RSI) for $WIF indicates oversold conditions, suggesting a potential buying interest in the token. If $WIF prices manage to stay above the support level, they could increase to $2.36. However, if prices decrease, $WIF could drop to a lower support zone of $1.65.

Meanwhile, Popcat (CRYPTO: POPCAT) prices also traded above a crucial support level of $1.21 on Monday. The RSI for $POPCAT indicates conditions similar to that of $WIF, suggesting that $POPCAT prices could remain above support levels.

If that happens, $POPCAT prices could move towards $1.43. However, if prices drop, $POPCAT could quickly approach the support level of $1.21.

The market sentiment is cautious ahead of the upcoming U.S. presidential elections. If the market sentiment improves, both $WIF and $POPCAT prices could record significant gains.

The market sentiment will largely depend on the outcome of the elections and whether the crypto-friendly candidate, Donald Trump, manages to secure a victory.

See More: Best Cryptocurrency Scanners for 2023

New Meme Coin ICOs Push Through Milestones Despite Unfavorable Market Conditions

As Dogwifhat and Popcat continue to trade with losses, new meme coin ICOs, such as Pepe Unchained (CRYPTO: PEPU), Crypto All-Stars (CRYPTO: STARS), Flockerz (CRYPTO: FLOCK), and Memebet Casino, are still dominating the market.

All projects have shown resilience, pushing through their presale stages and hitting new milestones. According to analysts, these projects could be the next big thing in the meme market.

Here is more about them:

Pepe Unchained: A Layer 2 meme coin project that is building the first-ever Pepe blockchain. Aiming to free Pepe from Layer 1 limitations, the blockchain will feature cheap and 100x faster transactions, builder grants, a decentralized exchange (DEX), a dedicated block explorer, and more.

The project team recently launched a portal that allows investors to test out the features as they go live. Not only does the blockchain enable cheap and fast transactions, but it also increases the project’s accessibility and safety.

Dedicated block explorers will allow investors to track all transactions on the blockchain. Layer 2 contributes to blockchain scalability, addressing issues like congestion and high fees.

This new meme coin ICO is also a terrific source of passive income. Investors can stake their $PEPU coins for an annual percentage yield (APY) of 96%. The rewards will be paid out in the next two years after the launch, providing all investors with an extra source of income.

Pepe Unchained is currently in presale, having raised over $24.7 million in funding. If you want to get your hands on this token, you better hurry before the next presale stage begins. According to price predictions, Pepe Unchained could bring 5000% gains in 2025, becoming the next crypto to explode during the bull run.

Crypto All-Stars: A top new ICO for all meme coin owners because it allows them to stake their memes and earn passive income. Thanks to the MemeVault, investors can stake their memes and earn $STARS in return.

This feature serves multiple purposes. First and foremost, it is a terrific source of passive income for meme coin owners. Further, it increases the utility of meme coins that previously didn’t have any.

Lastly, MemeVault provides investors with an additional source of income. To get the most out of the project, investors should stake their $STARS coins. The current rewards are 515%.

Crypto All-Stars has raised over $3 million in funding. The project could be the next 100x meme coin, with price predictions suggesting $STARS could multiply 24x by 2025 and 67x by 2030. If you want to be among investors to earn massive gains from these increases, hurry and invest in this new meme coin ICO before the next price increase!

Flockerz: A community-focused project that combines decentralized governance and a revolutionary rewards system, something every crypto enthusiast should have in their wallet. This new meme coin ICO developed a Vote 2 Earn rewards system