There was a remarkable increase in the memecoin market throughout the week. This rise has been largely driven by tokens inspired by famous names. The three most profitable memecoin projects were MAGA Again (MAGAA), Mother Iggy (IGGY) and Catwifhat (CAT). Here are the remarkable details and graphic analyzes about these projects:

MAGAA Again (MAGAA) stands out as a memecoin based on Republican presidential candidate Donald Trump's "Make America Great Again" slogan. MAGAA's value increased by over 500% this week, making it the highest performing memecoin project in the last seven days. This rise is associated with the Bitcoin 2024 Conference to be held this weekend, where Trump is expected to speak. However, it is stated that this increase may be short-lived, as real demand does not support this increase. MAGAA's Chaikin Money Flow (CMF) indicator is currently below the zero line at -0.37. If MAGAA price reverses, it could drop to $0.026; But if the rise continues, its price may rise up to $0.031.

Mother Iggy (MOTHER), a memecoin associated with Iggy Azalea's name, has surged 138% over the past seven days. Currently trading at $0.070, MOTHER managed to rise above its 20-day exponential moving average (EMA) and approached the 50-day simple moving average (SMA), thanks to the increase in its price. Trading above the 20-day EMA indicates that short-term momentum is strong and buying pressure is outpacing selling pressure. If this trend continues, MOTHER's price could rise to $0.082; However, if a profit is realized, the price can be reduced to $0.027.

Catwifhat (CWIF), a memecoin derived from the Solana-based Dogwifhat (WIF) project, has surged 133% over the past seven days. The cat-themed memecoin is currently trading at $0.0000012. The price increase has formed an ascending channel on the daily chart; This channel is a formation in which the price moves between two upward trending parallel lines and is generally considered a bullish signal. CWIF's positive Chaikin Money Flow (CMF) indicator indicates that the rally will continue. CMF, currently at 0.06, indicates liquidity inflow into the memecoin market. If this inflow of liquidity continues, the value of CWIF could rise as high as $0.0000012.

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