Traders are bracing themselves for more pain in September but are looking to October and November with renewed optimism. Solana-based memecoins Popcat and Dogwifhat led memecoin losses in the last seven days amid a wider sell-off in the crypto market.

Popcat (POPCAT) pared the largest losses among the top 10 memecoins by market cap, plummeting 27.7% from a value of $0.75 on Aug. 26 to a price of $0.56 at the time of publication. Dogwifhat (WIF) followed in a close second, posting losses of 26.6% on the week after falling from $1.90 on Aug. 26 to $1.41.

Most memecoins have posted significant losses over the last seven days, amid a wider sell-off that has also seen major crypto assets including Bitcoin (BTC) and Ether (ETH) slide 10.5% and 11.3% respectively. Despite prices having already plummeted significantly in the last seven days, traders are preparing for more pain in the coming weeks.

Source: https://cointelegraph.com/news/dogwifhat-popcat-lead-7-day-crypto-slumpoctober-breakout

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