The life of crypto tokens and their investors is always full of ups and downs. And these ups and downs are the reason some people make profits while others suffer losses. Today let’s explore the top 3 crypto in the ecosystem that gained high traction in the last 24 hours and to what category they …
Popular meme coin Dogwifhat (WIF) has lately attracted attention because of its market performance. Over the last week, its value dropped by around 5%; but, over the prior month it sustained a 22% rally. Dogwifhat, which now commands a 0.10% portion of the market and has a market cap of $2.47 billion, is valued at $2.50. Related Reading: Bitcoin On Fire: 20% Surge In 3 Weeks Teases Record-Breaking Potential Bullish Indicators Start To Show Recent comments on WIF’s potential price trajectory from crypto analyst Crypto Scient show a somewhat bullish view. Dogwifhat has displayed notable positive signs in its market structure, claims the analyst. Establishing this as a new support zone, the coin has effectively regained and turned a key 1-day support and resistance level at $2.25. $WIF, Starting to look good again as the daily structure has flipped bullish again. • Reclaimed and flipped key 1D S/R at $2.25 to support • Flipped 1D 50 and 100EMA Bullish. Up next is key 1D resistance at $3.3 — Price makes an attempt to test this level over the next few… https://t.co/7RtYCcPCtu pic.twitter.com/OA3PbVAcsN — Scient (@Crypto_Scient) July 27, 2024 Also moving up are the 50-day and 100-day exponential moving averages (EMAs). EMAs are important signs for traders because they help them spot changes in the trend and keep price swings in check. The change in these EMAs makes people more hopeful about WIF. The resistance level at $3.30 marks WIF’s next noteworthy movement. WIF should try to reach this level in the next days to weeks, analysts forecast. Breaking through this barrier would open the path for significant higher action and maybe new all-time highs (ATHs). Investors should keep in mind that gains around $3.30 are likely to be important for risk management, so they should keep that in mind. WIF Price Forecast Based on CoinCodex’s present price estimate, Dogwifhat may climb to as high as 220% to reach $8.36 by August 28, 2024. The current market vibe surrounding the coin is negative even with this very optimistic long-term view. Measuring market mood, the Fear & Greed Index comes out with a 74 (Greed). This suggests that the market could be headed for a correction as it seems to be too optimistic. Dogwifhat has experienced 17 out of 30 green days with a price volatility of 17%. These numbers show the inherent risks in the crypto market even if they imply great possibility for a price growth. Related Reading: Fantom (FTM) Regains Momentum After Weeks Long Bleed – Will This Continue? Investor Mood: Proceed With Caution The recent short-term drop and pessimistic mood recommend caution for WIF even if the positive technical indicators and optimistic price projections present a good picture. One should pay close attention to the significant resistance level around $3.30. Should this level not be broken, WIF’s price could revert to the $2.25 support, therefore defining a trading range between $2.25 and $3.30. Featured image from Bestchange, chart from TradingView
Memecoins gain strength as the markets turn bullish after Bitcoin displayed the possibility of achieving $70,000 anytime from now. Besides, the Ethereum price is strongly heading towards $3500, which raises the possibility of hitting $4000 in a short while from now. As a result, the memecoins have also become aware of an upcoming price action, …
In June this year, the Solana blockchain emerged as a hub for people who liked joke currencies. It was a busy month for everyone. The ecosystem now has 30 celebrity-themed tokens that reflect famous people from different fields, such as social media influencers, singers, and reality TV stars. Even though these launches got a lot […]
A crypto analyst has predicted that prominent meme coin and Shiba Inu competitor, Floki (FLOKI) is poised to witness a Dogecoin-like rally to new levels. This bullish projection comes on the heels of Floki’s recent listing on the leading crypto exchange, Bitstamp. Analyst Anticipates Major DOGE-Like Upswing For Floki In an X (formerly Twitter) post […]
Meme coin trading on the Solana network has exploded over the last year, with the likes of BONK, Dogwifhat, and POPCAT going from below $1 million to over $1 billion in market cap. There have been other successful coins as well running into the hundreds of millions in market cap. However, one meme coin is […]
The imaginative gaming bot Catizen on Telegram has earned a solid $16 million from in-game purchases in the last few days. This game boasts a massive fan base and has a good impact by helping stray animals – cats, specifically. In addition to being very profitable, it also gives a percent of its profits to […]
The post MAGA Team Revealed Faces Amidst Nashville Bitcoin Conference -Token Surged 18.31% appeared first on Coinpedia Fintech News
The team behind one of the famous Donald themed tokens called MAGA revealed their faces during Bitcoin conference 2024 at Nashville. This is the first time some meme coin team has shown their faces to the world. Let’s explore what this means for the MAGA token and for the investors. Hidden faces behind meme coins …
The post From Meme to Mainstream: Dogecoin’s Rising Star in the Crypto World and What’s Next for DOGE appeared first on Coinpedia Fintech News
The meme coin industry, led by Dogecoin (DOGE), will significantly benefit in the coming months catalyzed by the campaigns in the United States. The emergence of PolitiFi meme coins has increased the rate of web3 adoption in the recent past. However, dog-themed Dogecoin remains the undisputed leader in the meme coin industry. The large-cap altcoin, …
Jupiter Exchange's controversial partnership could undermine trust in decentralized platforms and highlight the need for greater transparency.
The post Jupiter Exchange faces criticism over meme coin collaboration with alleged scammer appeared first on Crypto Briefing.
The post Dogecoin & Shiba Inu Price Losing the Momentum: Here is What’s Next for These Memecoins! appeared first on Coinpedia Fintech News
After the recent upswing, the bulls have become a little passive as the major tokens are consolidating around the gains. Meanwhile, the prices of popular memecoins like Dogecoin & Shiba Inu are going against the trend. Will they remain bearish throughout the day or trigger a healthy rebound after hitting the local lows? Dogecoin (DOGE) …
First Bitcoin, then Ethereum, now Solana. ETF issuers will stop at nothing so long as they believe they can make money.
The post Dogecoin Derivatives Volume Surges over 90% Amid DOGE ETF Speculation appeared first on Coinpedia Fintech News
Dogecoin is witnessing an epic surge in trading activity as the volume of derivatives on DOGE has increased by more than 90% in the last 24 hours. The turnover of Dogecoin perpetual futures has reached the $1.69 billion mark, almost doubling from the day before. Furthermore, the volume of DOGE trading on the spot market …
The $53 billion meme coin sector rose by more than 12% on Tuesday with the likes of pepe (PEPE) and dogwifhat (WIF) surging by 22% and 25% respectively, data from CoinGecko shows.
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Hamster Kombat fans panic over sudden game crash, sparking scam fears. Find out the real reason behind the outage and current status.
The surge in cat-themed meme coins highlights the volatile and speculative nature of the cryptocurrency market, driven by trends and social sentiment.
The post Cat meme coin HEHE soars 190% amid Bitcoin rebound appeared first on Crypto Briefing.
The ongoing frenzy over memecoins created on top blockchains over the past year has found a notable competitor in the Solana-based marketplace Pump.fun, a crypto project reminiscent of the anonymous social media platform on the Ethereum blockchain 4chan. Over One Million Memecoins Created In 7 Months According to a Bloomberg report, since its launch in […]
The post Rapper Doja Cat’s X Account Hacked To Promote DOJA Memecoin appeared first on Coinpedia Fintech News
American rapper and singer Doja Cat’s Twitter account was hacked to promote a Solana-based meme coin, after which she quickly announced to her 24 million followers on Instagram that she was not responsible for the posts. The Doja Cat account began tweeting crypto content at 7:15 pm ET on Monday, with the first post linking …
The post 5 Reasons Why PEPU Could Outshine PEPE in Crypto! appeared first on Coinpedia Fintech News
You can’t find a crypto lover who has not heard about PEPE. Despite the recent turmoil in the crypto market for various reasons last week, meme tokens provided traders with relief. One major player among them was the PEPE token. But now it seems there’s a new competitor in the market that could replace it. …
The post Has Memecoin Mania Over: When Will PEPE Price Regain the Lost Momentum to Reclaim $0.0001? appeared first on Coinpedia Fintech News
While the crypto markets have been crashing since the beginning of the day’s trade, the memecoins have also lost control over the rally. The popular ones are facing massive pullbacks of over double-digit margins. Pepe’s price also appears to be in huge distress, as the token has been failing to rebound after a steep correction. …
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
The post From $1.98 to $25? Discover Why WIF Could Skyrocket by 1000%! appeared first on Coinpedia Fintech News
Various data about the WIF token are giving a bunch of mixed signals, making it difficult to predict its future performance. Here’s a breakdown of the latest insights on WIF and what they might mean for investors. Declining Funding Rates According to data from Coinglass, the Open Interest (OI)-Weighted Funding Rate of the WIF token …
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Crypto investors are always looking for tokens with big potential returns. Imagine diving into crypto and finding tokens that could really boost your investments. With the chance for huge gains, these opportunities are hard to ignore. Let’s explore three cryptocurrencies that are capturing the market’s attention . Toncoin Toncoin is not just another cryptocurrency, it’s …
The post Shiba Inu Plummets 15% Following Whales Leaving The Market appeared first on Coinpedia Fintech News
Shiba Inu is in a complicated state as SHIB has dropped to $0.00001329 and large SHIB transactions have decreased dramatically, suggesting that significant holders are leaving the market. The overall negative sentiment is a result of the withdrawal of funds from the market. The In the Money metric suggests that the majority of SHIB holders …
The post The 3 Hottest Trump Crypto Tokens Right Now! appeared first on Coinpedia Fintech News
The crypto meme market is heating up, thanks to the fiery US political environment ahead of the presidential elections. A surge in meme token launches themed around Donald Trump and Joe Biden has attracted investors. Here are the most popular Trump themed tokens, centered around his well known slogan, “Make America Great Again.” MAGA Token …
In the first quarter of the year, Solana-based meme coins have emerged as the frontrunners, surpassing Ethereum’s meme coin ecosystem and artificial intelligence (AI) tokens, according to a recent report by market data platform CoinMarketCap. This shift in popularity signifies a change in dynamics within the cryptocurrency market, with meme coins gaining traction and challenging previously dominant narratives such as smart contracts, decentralized finance (DeFi), and non-fungible tokens (NFTs). Solana Ecosystem Dominates Growth Chart The CoinMarketCap report highlights that the Solana ecosystem has consistently topped the growth chart for the past eight months, with over 20 new tokens introduced in Q2 alone. Ethereum’s ecosystem followed closely behind with 14 new tokens, while Derivatives and Stablecoins witnessed relatively lesser growth with 5 and 4 new tokens, respectively. This surge in Solana-based token offerings indicates a growing interest in the network and its potential. Related Reading: Toncoin Price Inches Closer To All-Time High – Will TON Hit $8 This Week? Solana’s meme coin ecosystem, in particular, has gained significant momentum in price performance and popularity since October 2023. Although Ethereum remains the dominant blockchain, Solana’s growing prominence suggests a noteworthy trend in the crypto space. Interestingly, SOL memes have significantly outperformed ETH memes, delivering an average return of 8,469% compared to 962% for Ethereum, as seen in the chart below. As “speculative capital” from other chains rushed into Solana, attracted by the explosive rallies of tokens like dogwifhat (WIF) and Bonk Inu (BONK), more meme coins experienced price surges, attracting additional attention and capital. The top winners in the meme coin space include the cat characters MEW, POPCAT, and Book of Meme (MEME). These tokens have outperformed even the most popular ones like WIF, BONK, Ethereum’s Pepe coin (PEPE), and Shiba Inu (SHIB). Notably, political memes also emerged as a popular subcategory, with the leading MAGA (TRUMP) meme coin gaining over 5100% year-to-date, largely due to vocal support for crypto from former President Donald Trump and the acceptance of crypto for campaign donations. Ethereum Tops Fee Income Rankings Despite Solana’s significant gains, Ethereum continues to dominate the Layer 1 (L1) smart contracts market, representing 62.11% of the major L1s. The report notes that Ethereum’s recent milestone was propelled by the SEC’s approval of Ethereum Spot ETFs. However, Binance Smart Chain (BNB) and Solana have also gained traction, adding $42 billion and $18 billion to their market share among L1 networks. Solana currently leads with over 1.6 million active daily addresses, followed by BNB with 1 million active addresses. Related Reading: Avalanche On The Verge: Will AVAX Break Out And Reach $65? In Q2, Ethereum experienced record low gas fees, reaching levels not seen since 2020 due to the growing adoption of Layer 2 solutions and the market excitement surrounding Solana-based meme coins. Despite representing 62% of the market cap among major L1s, Ethereum accounted for 70% of the daily revenue, generating approximately $2.7 million. Solana ranked second with around $900,000 in daily revenue. According to Lookonchain, Ethereum topped the fee income rankings in the past year with $2.728 billion, followed by Bitcoin with $1.302 billion. Other notable networks include Tron ($459.39 million), Solana ($241.29 million), Binance Smart Chain ($176.56 million), Avalanche ($68.83 million), zkSync Era ($59.77 million), Optimism ($40.4 million), and Polygon ($23.91 million). Despite both platforms experiencing success in various financial metrics and growth charts, Solana’s native token, SOL, has significantly outperformed Ethereum’s ETH token. As of the current trading price, SOL is valued at $143.25, showcasing a year-to-date growth of 650%. ETH has seen a more modest surge of 68% during the same time frame, currently trading at $3,310. Featured image from DALL-E, chart from TradingView.com
The post Will BONE reclaim its $3 position? Should we expect a new ATH? appeared first on Coinpedia Fintech News
Bone token, the governance power token of the SHIB Army, is on the way to expect new growth. Currently trading at $0.4681, the bone token is now available under perpetual contracts on SuperEx crypto exchange and a completely new population of traders and investors are there to welcome it. Bone future contract SuperEx crypto exchange …
The post Will BONE reclaim its $3 position? Should we expect a new ATH? appeared first on Coinpedia Fintech News
Bone token, the governance power token of the SHIB Army, is on the way to expect new growth. Currently trading at $0.4681, the bone token is now available under perpetual contracts on SuperEx crypto exchange and a completely new population of traders and investors are there to welcome it. Bone future contract SuperEx crypto exchange …
The post Billy Soars Towards 49,000% Rise Amidst Bitget Listing appeared first on Coinpedia Fintech News
The cutest dog in the meme world Billy is creating a buzz in the crypto market. Launched just last month on fun.pump, the solana meme coin Billy quickly became its second biggest token. The community is growing fast with over 16,000 holders and $2.4 million in locked liquidity.Even though it is down by 25.4% in …
The post Solana Meme Coin MEW’s Cat Character To Feature On TON appeared first on Coinpedia Fintech News
Web3 gaming ecosystem Pixelverse is all set to add MEW to its real-time game rooster. MEW will be the first Solana-based meme coin to be featured on TON. The CEO of PixelVerse stated that Pixelverse isn’t just about creating a game and that they’re building a retail-friendly brand that captures audience attention and onboards millions …