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#wif #dogwifhat #floki #dogwifhat price #wif price #dogwifhat news #cryptocurrency market news #solana meme coin #solana meme coins #floki inu #wifusdt #pepe coin #wif news #wifusd #shiba inu (shib)

Solana-based meme coin Dogwifhat (WIF) has taken the cryptocurrency market by storm, becoming the best-performing asset in the first half of the year, as the Shiba Inu puppy-inspired token has outperformed Bitcoin’s (BTC) 48% surge since January, making it the top returner among approximately 70 coins with market caps over $1 billion.  Dogwifhat (WIF) Leads The Pack According to Forbes, Dogwifhat has emerged as the leading performer among the group of coins, with a market cap of more than $1 billion, recording a 1,300% gain from a low of $0.111 since December 2023. Close behind is Pepe (PEPE), recording gains of nearly 800%. At the same time, another meme coin that has significantly increased is Floki Inu (FLOKI), named after Elon Musk’s Shiba Inu dog, recording a 418% increase over the same period. Similarly, Shiba Inu (SHIB) has seen a 67% increase.  Related Reading: Bitcoin Bears Crushed: $100M In Crypto Shorts See Flush As BTC Breaks $63,000 While meme coins dominate the spotlight, the report notes that several tokens outside the meme coin realm have also showcased remarkable rallies, surpassing Bitcoin’s performance.  ETH, the token of the Ethereum network, is up 51% and is poised for potential gains after the expected full approval of the spot Ethereum ETF market, similar to Bitcoin, anticipated to be traded in the coming weeks.  Binance Coin (BNB), issued by the world’s largest crypto exchange by trading volume, has also surged 81%, outperforming BTC’s price action despite recent regulatory and legal challenges faced by billionaire former CEO Changpeng Zhao (CZ), who is currently serving a 6-month sentence following a plea deal with US authorities in 2023. Meme Coin Bonanza While WIF has become the star performer with a 1,306% increase, its market cap has also made a notable recovery in recent months after losing a high of almost $4 billion to currently reach a market cap of $2.1 billion, which has secured Dogwifhat’s 54th place in the top 100 cryptocurrencies on the market.  Pepe also follows behind WIF in this key financial metric, reaching a market cap of $5 billion. However, the two are far behind Dogecoin (DOGE) and SHIB’s market cap figures, which currently stand at $17 billion and $10 billion, respectively, being the largest meme coins in the crypto market.  Related Reading: JPMorgan Says Crypto Liquidations Will End And Bitcoin Bull Market Will Begin, Here’s When Other coins, such as Artificial Superintelligence Alliance, also outperformed the largest cryptocurrency on the market, surging 545% to reach a market cap of $3.6 billion during the same period, while Floki experienced a growth of 392% to reach a market cap of $1.6 billion following the recent market slump recorded since March and April highs.  At the time of writing, WIF continues to rally and is trading at $1.899, up over 14% in the last 24 hours. However, the meme coin is trading 60% below its all-time high of $4.83, set in March 2024.  Featured image from DALL-E, chart from TradingView.com 

#crypto #meme coins #altcoins #wif #dogwifhat #cryptocurrency market news

Dogwifhat, the once-high-flying Solana-based meme coin, suffered a brutal week, mirroring a broader crypto market correction and raising questions about the sustainability of the meme coin craze. Related Reading: Dogecoin Decimated: $5 Million Liquidation Sparks 14% Price Plunge Meme Coin Mania Meets Market Mayhem WIF, the token powering Dogwifhat, saw its price plummet 15% in just 24 hours. This dramatic drop erased all the gains from a recent rebound rally. The sell-off wasn’t isolated to Dogwifhat; the entire crypto market experienced a double-digit tumble, with major altcoins like Ethereum and Cardano feeling the heat. Analysts point to a combination of factors behind the downturn, including renewed concerns about inflation and a recent sell-off by the German government and Mt. Gox, a defunct cryptocurrency exchange. The price of $WIF dropped 15% as the market fell. A whale deposited 900K $WIF($1.64M) to #Bybit 10 hours ago, leaving 974K $WIF($1.76M).https://t.co/qJwlxcWy15 pic.twitter.com/amIkvwKfNG — Lookonchain (@lookonchain) July 4, 2024 The pain for Dogwifhat was further amplified by a whale of a different kind: a large investor. LookOnChain, a blockchain whale tracking agency, identified a major Solana whale dumping 900,000 WIF tokens in a series of transactions. This fire sale, amounting to roughly $1.64 million, undoubtedly contributed to the downward spiral. Dogfight On Derivatives: Bulls Trampled, Bears Feast While the Spot market witnessed a bloodbath, the WIF derivatives market displayed a curious mix of activity. Trading volume surged by a surprising 25%, propelling Dogwifhat to the coveted title of third most-demanded meme coin behind Dogecoin and Pepe Token. This surge in volume might suggest increased interest, but a closer look reveals a different story. Lurking beneath the surface was a brutal battle between bullish and bearish investors. More than $3 million in WIF positions were liquidated in the last 24 hours. This liquidation primarily targeted long positions, meaning investors who bet on the price going up were forced to sell at a loss as the price plummeted. While some might see the increased volume as a sign of potential revival, the liquidation figures paint a starker picture – many bulls got trampled by the bears feasting on the market downturn. A Buying Opportunity Or A Boneheaded Move? Despite the carnage, not everyone has lost faith in Dogwifhat. The plummeting price has attracted some opportunistic “Solana whales” who view the current price as an attractive entry point. This glimmer of hope hinges on the possibility that Dogwifhat can recapture its past glory. Related Reading: Buy The Dip? XRP Whales Doing Exactly That – Is A Price Rally Next? In Q1 2024, Dogwifhat was a meme coin darling, riding the wave of the meme coin craze to a $4 billion market cap and a place in the top 30 global crypto rankings. However, the recent downturn serves as a stark reminder of the inherent volatility of meme coins, which often lack the utility or strong fundamentals of established cryptocurrencies. The future of Dogwifhat remains uncertain. Whether it can claw its way back from the doghouse or fade into obscurity depends on several factors, including broader market trends, community support, and potential developments within the Dogwifhat ecosystem. Featured image from Shutterstock, chart from TradingView

#solana #solana memecoins #dogwifhat #solana etf #memecoins #wif price #wif price prediction #wif technical analysis

WIF has entered the breakout stage of its prevailing BARR Bottom pattern, with Solana ETF hype furthering the memecoin's upside outlook.

#meme coin #wif #rsi #dogwifhat #sma #relative strength index #wifusdt #wifusd #simple moving average

Dogwifhat (WIF) is experiencing increased bearish pressure after facing a significant rejection at the $2.13 resistance level. This rejection marks a pivotal moment, pushing the price downward and signaling potential continued losses for the cryptocurrency.  Market analysts and investors are closely watching this development, as the inability to break through the $2.13 barrier underscores prevailing selling pressure. As WIF navigates this challenging phase, the focus shifts to identifying the next support levels and understanding the broader market implications of this downward trend. The main objective of this study is to determine whether WIF’s current price action will stabilize at significant resistance levels or continue to decline. Presently, the market capitalization of WIF is over $2 billion, with a trading volume of over $556 million. The cryptocurrency price is currently down by 3.45%, trading at roughly $2.04, while its market cap and trading volume are currently up by 0.44% and 30.66% respectively. Market Analysis: The Impact Of $2.2 Rejection On the 4-hour chart, the price of WIF started a bearish move below the 100-day Simple Moving Average (SMA) after the rejection at $2,2. It can be seen that after the rejection, the price started building momentum before dropping.  The 4-hour chart Relative Strength Index (RSI) signals a bearish move for WIF as the signal line of the indicator has started dropping towards the 50% level. Also, WIF’s price on the 1-day chart is currently bearish trading below the 100-SMA. This bearish move, as observed from the chart, started immediately after the price experienced a rejection at $2.2, which is now a resistance level. Furthermore, the 1-day RSI for the price of WIF signals extended bearishness. Since the signal line in this case is still active below 50%, the crypto asset’s price may decline even further. It should be noted that with the formation of WIF’s price actions and that of the RSI indicator, the price of WIF may continue declining toward the $1.47 support level. Where Will WIF Find Stability? As the price of WIF prepares for further decline, there are key support levels it may want to stabilize. If the coin finds stability at the $1.47 support level, it will start to move upward again toward the $2.25 resistance level. A break above this level may trigger WIF to move higher to test the $3.58 resistance level and might move on to test other higher levels. However, if WIF fails to find stability at $1.47 support and breaks below, it will continue to decline towards the $0.71 support level. The crypto asset may pose a further decline toward the $0.26 support if the above-mentioned level is breached. Featured image from YouTube, chart from Tradingview.com

#binance #memecoin #meme coins #wif #dogwifhat #dogwifhat price #crypto analyst #crypto trader #wifusdt #binance crypto exchange #crypto whale #dog-themed token #whale deposit

Memecoins are in red this week as most sectors of the crypto market struggle. Dogwifhat (WIF) has not been the exception.  The memecoin sensation of Q1 saw a significant price drop following the movements of a whale. Recently, an address transferred millions of WIF to a crypto exchange, which ignited speculation about who was behind the transaction. Related Reading: LayerZero’s ZRO Token Airdrop Receives Backlash For ‘Proof-Of-Donation’ Mechanism 6 Million WIF To Binance On Friday, reports of a massive WIF transfer to Binance hit the crypto community. Per the report, one of the top dogwifhat holders moved millions to the largest crypto exchange. The whale transferred 5.97 million WIF, worth around $11 million, on June 21. Additionally, the address offloaded 48 million Trump Coin (DJT), approximately $500,000. After the news, the crypto community began speculating who was behind the transfer. Some users claimed the whale was crypto trader Ansem, who was very vocal about WIF. The trader was also part of the Las Vegas Sphere project, where users donated around $700,000 to project the token’s image in the Sphere.   Users on X criticized Ansem for the alleged deposit, expressing their disappointment in his “capitulation”. Some investors took the opportunity to express their discontent with the trader for “grifting and dumping on investors.” The discussion sparked an important conversation: should Key Opinion Leaders (KOLs) not move their money? One user considers that Ansem, and all KOLs, are free to do what they want with their money.  The user argued that KOLs are subjected to criticism regardless of their route. When people sell before you do, they are “jeet”. When KOLs sell some of their holdings or even move it around, they are “pump and dampers”. Several community members agreed and questioned if KOLs are “obligated” to hold a token until investors are happy with their profits.  However, others argue that community members are “arbiters” of traders’ reputations.   Dogwifhat Take A Blow, But Was It Ansem? Despite the rumors, online reports suggest the wallet is not linked to the crypto trader. After deep-diving into the address, a community member found that the address was not associated with Ansem. The post notes that the only reason it was linked to the trader was the large WIF balance and many Solana memecoins. However, the address has a record of selling their token at a loss “to FOMO into new shiny stuff.” Furthermore, the wallet seems to be linked to a now-deleted X account.  At the time of writing, the trader has not acknowledged the rumors.   After the reports, WIF’s price dropped from the $1.90 to the $1.80 price range. On the last day, the memecoin plunged from the $2.15 mark, representing a 13% decrease. Related Reading: Curve (CRV) Bounces 40% From All-Time Low As Whales Go On Shopping Spree The token has also seen a 25.3% and 36.1% drop in the weekly and monthly timeframes. Crypto analyst Bluntz forecasted a bearish $1 target for the dog-themed memecoin. Ultimately, the analyst stated that a descent to the $1 support level was “inevitable” before the “next parabolic leg.” As of this writing, WIF is trading at $1.83. Featured Image from Unsplash.com, Chart from TradingView.com

#crypto #memecoin #wif #dogwifhat #cryptocurrency market news

Dogwifhat (WIF), the once-booming memecoin featuring a Shiba Inu sporting a stylish knitted beanie, finds itself in hot dog water. After a meteoric rise earlier this year, WIF has been on a downward spiral, trapped within a descending channel since late May. Analysts are carefully keeping tabs as the canine crypto approaches a critical support level, with its future hinging on a tug-of-war between bullish and bearish forces. Related Reading: Red Alert For Polkadot (DOT): Double-Digit Drop Sparks Investor Fears Descending The Price Ladder: A Sign Of Weakness? Technical analysis paints a worrying picture for WIF. The descending channel pattern, characterized by lower highs and lower lows, indicates sustained selling pressure. The price has plummeted a staggering 30% since the end of May, currently hovering around the crucial $2.44 mark. In the last week, WIF has lost 15% of its value, data from Coingecko shows. This level represents a make-or-break point for WIF. If the bulls – those optimistic investors hoping for a price increase – can’t defend this support line, the price could plunge further, potentially reaching a new low of $1.93. A Technical Tailspin Adding fuel to the bearish fire is the Aroon Down indicator, a technical tool that gauges the strength of a downtrend. WIF’s Aroon Down Line sits at a concerning 100%, signifying a robust downtrend with the most recent low occurring not too long ago. This suggests that selling pressure is overwhelming any potential buying activity among WIF holders. Will The Bulls Rise To The Occasion? A glimmer of hope remains for WIF devotees. If the bulls manage to hold the current support level, a price rebound towards the resistance line at $2.70 is a possibility. This would be a temporary reprieve, but it would offer a chance for the memecoin to regroup and potentially break free from the descending channel. However, breaching the support would be a devastating blow, potentially leading to a domino effect where investors lose confidence and flee the market, sending WIF into a tailspin. WIF Price Forecast Related Reading: NEAR Protocol: From Recent Dip To Google Search Darling – Is $16 Next? Meanwhile, the current technical analysis for Dogwifhat shows a bearish sentiment, despite a bullish price prediction of a 225% increase to $7.87 by July 15, 2024. The Fear & Greed Index indicates high greed at 74, suggesting potential overvaluation. Over the past 30 days, Dogwifhat has had 30% green days with 11.82% price volatility, reflecting significant price fluctuations. The high volatility and current greed sentiment indicate potential risks, despite the optimistic forecast. Therefore, it may not be the best time to buy Dogwifhat until market conditions stabilize or additional positive indicators emerge. Featured image from Reductress, chart from TradingView

#michael novogratz #galaxy digital #dogwifhat

Galaxy Digital CEO Michael Novogratz has hailed memecoins as the “most powerful narratives out there” but others in the crypto industry are not so confident.

#solana #sol #meme coin #solana price #sol price #wif #dogwifhat #dogwifhat price #wif price #dogwifhat news #solusd #solusdt #solana news #sol news #wifusdt #wif news #wifusd

Crypto analyst Crypto Jack has suggested that Solana-based meme coin Dogwifhat (WIF) could soon witness a catastrophic crash. He noted what needs to happen for the meme coin to avoid this significant price decline.  How Dogwifhat’s Price Could Crash Significantly  Crypto Jack mentioned in an X (formerly Twitter) post that Dogwifhat’s price needs to stay above $3.5 as failure to hold above that level could be “catastrophic” for the meme coin. He also advised crypto traders to exercise caution while trading the meme coin so they do not get caught unaware and shaken out from their positions.  Interestingly, data from CoinMarketCap shows that Dogwifhat has experienced a price drop below $3.5 from its weekly high of $4. Crypto Jack’s analysis suggests that the meme coin’s catastrophic crash may have already begun, as it could well hit new lows on its way down.  It is worth mentioning that Dogwifhat is still up over 24% in the last seven days, which suggests that this recent price decline might just be a brief correction as part of an upward trend that the meme coin is currently enjoying. However, thanks to this recent price decline, over $1.2 million in long positions have been liquidated in the last 24 hours, according to data from Coinglass.  Not Yet Time To Be Bearish On Dogwifhat Crypto analyst CrediBULL Crypto had previously revealed his bearish expectations for Dogwifhat, claiming that the crypto token could drop to as low as $1.6. He added that he would look to short the meme coin at $3.90, as he expected it to enjoy one last push to the upside before it declined significantly.  However, despite Dogwifhat already attaining this height as predicted, CrediBULL Crypto suggested in a recent X post that it wasn’t yet the right time to be bearish on Dogwifhat. He claimed that the “Hat stays on a bit longer” because he believes Solana is approaching a bounce zone, which could cause it to climb to new local highs. If that is the case, he expects WIF to continue its upward trend, making it shorting it now a wrong move.  Crypto analyst and trader Ponzi Trader also suggested that Dogwifhat still has enough bullish momentum to make another run following its recent price decline. He revealed that he is betting on WIF, bouncing from its current price range.  Regarding how high Dogwifhat could rally on its next leg up, crypto analyst Alex Clay predicts the bullish sentiment towards the meme coin could send its price to $6.7. Crypto analyst and trader Unipcs (Bonk Guy) is bullish on Dogwifhat and predicts that the meme coin will reach $10 while claiming it will never drop to $1 again.  Featured image created with Dall.E, chart from Tradingview.com

#wif #dogwifhat #jack skipp #cryptojack #ponzi trader

The WIF meme coin is trading below what some believe is a concerning price level, but many traders are seemingly “betting on a WIF bounce.”

#meme coins #dogwifhat #pepe

Kaiko's analysis reveals meme coins like Pepe (PEPE) and Dogwifhat (WIF) lead in leverage use among altcoins traders.
The post Meme coins dominate altcoin leverage, Kaiko reports appeared first on Crypto Briefing.

#solana #memecoin #bonk #bonk price #wif #dogwifhat #wif price #crypto news #cryptocurrency market news

Two Solana-based memecoins, Bonk (BONK) and Dogwifhat (WIF), have registered substantial gains over the past 24 hours. BONK recorded a 35% increase, while WIF climbed by 19%, positioning them among the top three gainers in the top 100 cryptocurrencies by market cap today. Only Hedera Hashgraph (HBAR) surpassed them, with a notable 44% rise during the same period. Resolution Of Solana’s Congestion Issues Spurs Memecoins The significant uptick in these Solana memecoins is closely linked to the recent improvements in the Solana network’s performance. A tweet from SolanaFloor earlier today indicated, “BREAKING: Solana’s congestion issues have been completely resolved, with block production back to normal. Transactions confirming in under 2 seconds.” This announcement marks a pivotal moment for the network which had been plagued by congestion issues. Source A: https://t.co/2TVnbaPNlHSource B: https://t.co/GfHxy8dC1B — SolanaFloor | Powered by Step Finance (@SolanaFloor) April 24, 2024 On April 15, Solana developers rolled out crucial updates designed to alleviate these problems, urging validators to adopt version v1.17.31. This version introduces changes in the treatment of validators based on their stakes. Further enhancements are anticipated with the release of version v1.18 next month, which will include a new scheduler, albeit disabled by default. Related Reading: Solana Meme Coin Massacre: 12 Projects Gone In 30 Days, $27 Million Vanished Andrew Kang, founder of Mechanism Capital, remarked a few days before the fix, “Let’s also not forget that the Solana congestion issues have weighed down SOL and Solana-based memecoins significantly. It’s not a question of if but when the network is significantly improved. That’s your springboard.” Kang’s comments now seem prophetic as the resolution of network issues has indeed acted as a springboard for memecoin valuations. Specifics On Rally Of Dogwifhat (WIF) And BONK The price of WIF soared to a 24-hour high of $3.43 on April 24, buoyed by an impressive 96% increase in trading volume. This influx was fueled by notable acquisitions from whales like Ansem, who capitalized on the positive market sentiments. Related Reading: Solana Price Jumps 7% On Bitcoin And Ethereum ETF Approvals, Network Congestion Update The breakout above the resistance level at $3.18, after a week of sideways trading between $1.97 and $3.18, was a significant trigger. WIF formed a two-week-long ascending triangle, a bullish chart pattern that indicated a continuation of the previous upward trend. The breakout was widely discussed in the crypto community, with trader Bluntz Capital confirming the pattern’s resolution and sparking further bullish sentiment. 2 week long ascending triangle forming here on $WIF, i think the breakout is imminent pic.twitter.com/S0OZWBsq6u — Bluntz (@Bluntz_Capital) April 24, 2024 BONK is registering a dramatic 35% rise, with a remarkable 304% increase in trading volume. The price action successfully breached the 0.236 Fibonacci retracement level at $0.000020727, and continued its upward trajectory to the 0.5 Fibonacci level, signaling strong buying interest and bullish momentum. This rally probably gained additional support from the recent listing of BONK by the global neobank Revolut, which was announced on April 22. This inclusion in Revolut’s trading platform, which features over 150 digital currencies, provided significant exposure and legitimacy, further enhancing investor interest and market activity around BONK. Featured image from Shutterstock, chart from TradingView.com

#meme coins #dogwifhat

The $WIF token briefly touched the $4 level yesterday.

#transactions #total value locked #solana memecoin #dogwifhat #dencun upgrade #book of meme #base memecoin #memecoin trading #degen #base god

It took 203 days for Coinbase's Base network to notch $1 billion in total value locked but only 25 days to reach $2 billion.

#markets #bonk #dogwifhat #pepe

These meme coins and tokens are still flying, unshaken by the latest inflation data.

#markets #dogwifhat #pepe

Meme coin Floki Inu (FLOKI) has reached the meme-friendly 69th place on CoinGecko's ranking of largest assets by market cap.