This Week in Meme Coins:
ACT and PNUT
Rally by 1,500%,
DOGE(
GOV) Follows
Suit
The past seven days were exhilarating for the crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта as Bitcoin
continued forming new ATH despite an exhausting bullish momentum. However, the
dying momentum did not affect the meme coins which went on to post rallies as
high as 3,000%.
BeInCrypto has analyzed three such meme coins that have risen significantly
and, at the same time, formed new all-time highs.
Act I: The AI Prophecy (ACT)
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ACT has soared as the top-performing meme coin this week , driven by its
recent Binance• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance listing . This milestone fueled a remarkable rally, with the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта experiencing an unprecedented 3,000% surge over seven days,
making it a standout in the market.
Currently trading at $0.74, ACT reached a new all-time high of $0.95 during
its rally. The altcoin has established a solid support level at $0.60,
signaling potential stability amidst the ongoing momentum, provided market
conditions remain favorable. ACT Price Analysis. Source: TradingView
However, ACT’s hype-driven rally leaves it susceptible to corrections. Should
investors opt to lock in profits, the meme coin could lose its $0.60 support
and slip further to $0.44, challenging its recent gains and raising concerns
about sustained growth.
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Peanut the Squirrel (PNUT)
PNUT has emerged as one of the top-performing cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, surging by an
astounding 1,579% over the past week. This incredible rally placed the meme
coin among the top 100 crypto tokens, with its price currently trading at
$1.91, drawing significant attention from investors and market watchers.
The impressive performance saw PNUT set multiple all-time highs this week,
with the latest high recorded at $2.50. If the bullish momentum sustains, the
meme coin could continue climbing, potentially setting new ATHs and further
solidifying its position in the market. PNUT Price Analysis. Source:
TradingView
However, should PNUT lose the critical support level of $1.69, it may face a
significant correction. Such a decline could pull the price down to $0.44,
erasing recent gains and invalidating the current bullish outlook.
Department Of Government Efficiency [DOGE(GOV)]
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DOGE(GOV) price surged by an impressive 244% over the past week, marking an
all-time high of $0.545. After facing minor corrections, the meme coin is now
trading at $0.353, with investor sentiment showing mixed signals about its
short-term trajectory.
The altcoin maintains support at $0.161, providing a safety net amid potential
profit-taking by investors. However, if selling pressure escalates, DOGE(GOV)
could experience a sharp decline, potentially dropping to $0.049. Such a drop
would erase much of the recent gains, increasing bearish momentum. DOGE(GOV)
Price Analysis. Source: TradingView
On the other hand, if DOGE(GOV) holds above the $0.161 support level, it could
regain upward momentum. Successfully sustaining this level might allow the
meme coin to revisit its all-time high of $0.545, invalidating the bearish
outlook and paving the way for further gains.
Top crypto platforms | November 2024
ChainGPT Explore
BYDFi No KYC
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Top crypto platforms | November 2024
ChainGPT Explore
BYDFi No KYC
Margex Explore
Сoinex Explore
Top crypto platforms | November 2024
ChainGPT
BYDFi
Margex
Сoinex
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