Over the past seven days, the cryptocurrency market has shown no signs of strong growth, as Bitcoin remains below $100,000. However, some new names rose to the top of the Meme Coin list, while some familiar names declined.
TinTucBitcoin analyzed three Meme Coin Coins that caused different reactions from investors this week.
Akuma Inu (AKUMA)
AKUMA attracted attention as it surged 183% this week, reaching $0.00132. This strong increase shows the popularity and investor interest in this altcoin, despite the overall market challenges. Its recent performance demonstrates potential in the volatile crypto space.
AKUMA has established a critical support level at 0.00106 USD, creating a solid foundation for the upward trend to continue. With efforts to recover the market, AKUMA is able to maintain optimistic growth momentum.
However, if AKUMA falls below the $0.00106 support, it can plummet to $0.00085. This decline would undo recent progress and weaken AKUMA’s bullish outlook, underscoring the importance of maintaining current support levels to maintain momentum.
MAGA (TRUMP)
MAGA has experienced a 70% price increase over the past week, once exceeding $3.00 before falling to $2.78 at the time of writing. This price increase reflects market enthusiasm for the potential of this Meme Coin as political events continue to draw attention to this asset.
The rally appears to be fueled by anticipation of Donald Trump’s inauguration as US President on January 20, generating significant interest from investors. As inauguration day approaches, MAGA is expected to maintain its bullish momentum, potentially reaching new highs. This “Meme Coin” could climb to $4.44, provided market enthusiasm does not cool and external factors continue to generate optimism around this asset.
Fartcoin (FARTCOIN)
FARTCOIN emerged as one of the worst performing cryptocurrencies of the week, down 40% in the past seven days. The price of this Meme Coin fell below key support at $1.00, showing a lack of resilience in the face of broader market challenges, leaving investors looking for signs of recovery.
The correction comes shortly after FARTCOIN hit an all-time high of $1.61. A lack of bullish momentum in the broader market appears to have fueled this sharp decline, mirroring the volatility often seen with Meme Coins.
If FARTCOIN can reclaim $0.98 as support, Meme Coin Coin could see a resurgence. This would put the asset in position to break above $1.00, with a possible rally to the previous high of $1.61, provided broader market conditions improve and investor confidence return.