Dogwifhat has led the meme coin market this week with a 50% uptick.
But as WIF gains pace, the window is growing for other meme coins to also soar.
Dogwifhat is Solana’s largest meme coin, and this has worked wonders this week, with the SOL price shooting up.
Bullish Solana market conditions have caused traders to pile into WIF, anticipating further ecosystem growth ahead.
WIF is currently trading at $2.73. Its strength shows no signs of easing up, with a 7% rally today adding fuel to this week’s performance.
And it’s important not to miss its trading volume, which currently sits at $452 million.
This makes it the 16th most traded cryptocurrency today. Meanwhile, its market cap makes it the 34th most valuable.
Put differently, there’s a big focus on WIF here, with its trading activity rapidly outpacing its valuation.
WIF’s market interest is also prevalent on social media.
Trader Koala is bracing for a brief support retest before an explosive move to $3.2.
Meanwhile, PepeXBT is looking further ahead.
The analyst anticipates WIF’s next leg pushing it toward its ATH ($4.85) before continuing to $10.
Indeed, with Dogwifhat up 50% this week and the broader crypto market regaining bullish momentum, there seems nothing in the way of another WIF rally.
But as it gains pace, there is a growing opportunity for other meme coins to soar. Let’s explore the three alternatives to watch this week.
PlayDoge is a new hybrid meme coin and Play-to-Earn (P2E) project. It is currently undergoing a presale where it has raised $5.8 million.
There are price increases throughout the presale, and the next will occur in one day.
PlayDoge is a unique blend of nostalgic gaming, memetic excitement, and innovative P2E dynamics.
Its core premise is a pet companion game inspired by the 1990s blockbuster Tamagotchi.
Like Tamagotchi, PlayDoge invites users to care for a pet, ensuring it is happy and healthy.
But PlayDoge swaps the Tamagotchi pet for a pet doge and introduces crypto rewards.
Users will rack up XP points by caring for their pets and completing minigames, and this can earn $PLAY tokens.
The token also has multiple utilities, including staking and making in-game purchases.
With a memetic allure, a Tamagotchi zeitgeist, and inherent utility, there’s something for everyone in PlayDoge.
But with a price increase imminent, those seeking to buy $PLAY should act quickly.
Cat in a Dogs World (MEW) has seen unwavering success this week.
The project is a Solana-based meme coin and the largest cat-themed outlay on the network.
Cat-themed meme coins have gained prominence recently. Currently, Ethereum’s Mog Coin is leading the way with a $799 million market cap, but MEW is quickly catching up.
MEW holds a $648 million market cap and has decisively outpaced MOG this week, up 106%, while MOG is up 3%.
With momentum on its side, a cat in a dog’s world is undoubtedly one to watch.
Bringing together its relative strength and Solana’s bullish outlook, there could be a tremendous growth opportunity for MEW in the weeks ahead.
MEW is trading at $0.007266 and is up over 30% today. Its 24-hour volume sits at $336 million, up 104%.
Last on our list is the market-leading meme coin Dogecoin.
DOGE could also be primed for a big week, with X owner and renowned business mogul Elon Musk dipping his toes back into crypto culture on Sunday.
After Joe Biden dropped out of the presidential race, Musk changed his X profile image to one featuring red laser eyes – a well-known symbol of support for crypto.
This seems a nod toward pro-crypto presidential candidate Donald Trump, who Musk has publicly endorsed recently.
Politics aside, it’s Musk’s boldest crypto endeavour in a while, and Dogecoin fans were elated.
Musk single-handedly soared the DOGE price to a $80 billion market cap in 2021, and the Doge Army has awaited his return since.
The X owner’s new profile image could mark his return to crypto, which would be pivotal for DOGE.
Currently, Dogecoin is trading at $0.137, up 4.5% today and 15% this week.
It holds a $19 billion market cap and a $1.4 billion 24-hour trading volume, up 33%.
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