In accordance with recent statistics, Dogwifhat (WIF) jumped 24% in the past 24 hours, moving above $0.85 as Bitcoin broke above $107,000. Traders observed a quick turnaround from levels below $0.72. Active wallets handling WIF jumped by 20%, and daily volume hit over $70 million. All those actions brought the Solana meme coin to within range of the $1.00 mark. Related Reading: Bitcoin Paces $15 Billion YTD Influx Amid 10-Week Fund Flow Streak Network Activity Shoots Up Based on reports, the Dogwifhat network saw a jump in trading volume to over $700 million in the past two days. That level of activity is rare for a token ranked 45th by market cap at about $1.75 billion. It now sits behind Dogecoin and Shiba Inu but outpaces fellow Solana names like FLOKI, PEPE and BONK. A sharp reversal off the $0.70 low got traders’ attention before the current uptick. wif just woke up from hibernation +up 24.1% today mcap: $865M 24h volume: $719M still the dog with the hat still barkin’ louder than the rest pic.twitter.com/RGJzSIJRBO — madmix ???? (@madmixnum) June 24, 2025 Community Funds Billboards And Merch As per community posts, Dogwifhat holders have contributed funds for attention-grabbing billboards and special merchandise drops. Grassroots campaigns rolled out on social media channels, fueling renewed interest. That momentum helped to maintain volume levels over $70 million a day and continued to keep wallet counts rising. Support at $0.81 held firm when the rally began, giving buyers confidence. Technical Breakout Hints At More Gains Based on chart analysis, WIF broke out of a descending wedge on the 4-hour chart. That pattern formed over the past week before prices cleared the $0.83 level on higher trading volume. The Relative Strength Index sits near 60, below overbought territory, suggesting there’s still room to run. Traders now eye a move to $0.90, the next Fibonacci retracement. A push past $1.00 would be the strongest signal yet. Related Reading: Bunker Buster: Ethereum Titans Stake $100 Million Amid US-Iran Hostilities Bitcoin And Solana Link Remains Strong According to market watchers, WIF’s fate is tied to Bitcoin and the wider Solana ecosystem. Maintaining Bitcoin above $105,000 will be crucial for keeping momentum. Any pullback could force WIF back toward support at $0.77 or even the recent floor at $0.71. At the same time, new exchange listings or partnership news could stoke another leg higher. Risk Management Key For Traders According to trading guides, meme coins such as WIF bear large swings. Smart traders are encouraged to place tight stops and control position sizes. A retreat below $0.80 would be a call to exercise caution. In case support fails, prices can test the lower bands once again. But if the coin holds ground, a run at $1.00 could spark fresh buying. Featured image from Pexels, chart from TradingView
Crypto analyst Astronomer has provided insights into when the altcoin season will likely begin following the Bitcoin price’s rally to a new all-time high (ATH). His analysis indicated that BTC’s dominance is about to top, which will pave the way for altcoins to outperform the flagship crypto. Altcoin Season To Begin Soon As Bitcoin Price Hits New ATH In an X post, Astronomer predicted that the altcoin season is imminent, seeing as BTC’s dominance (BTC.D) has hit 65% following the Bitcoin price rally to a new ATH. The analyst remarked that BTC’s dominance will roll over slowly first, before dropping rather quickly after the flagship crypto loses momentum. Related Reading: Is It Time For Altcoin Season? Bitcoin Dominance Rises To Major Rejection Zone He is also confident that the altcoin season is coming soon because BTC.D is up seven weeks in a row and all green from the bottom, which means the Bitcoin price-led move is stretching long. From a counting perspective, Astronomer remarked that BTC is coming to the end of the transition period, and altcoins will likely make their bigger moves soon. The analyst noted that BTC.D has also nicely retested the quarterly breaker open. For now, he believes sentiment is certainly not ready for an altcoin season, seeing as only the Bitcoin bulls are loud. Astronomer added that the ETH bulls are quiet and that only coins that are Bitcoin liquidity-driven are talked about, including HYPE, WIF, and the Bitcoin price itself. He is confident that 65% is the top for the BTC.D despite calls for 67% and 70%. With the Bitcoin price dominance currently at almost 63%, Astronomer affirmed that he is well-positioned for the top, with altcoin season coming after. The analyst stated that soon, these altcoins will put in their big moves until they are forced to become the narrative again, where they top out. Crypto analyst CrediBULL Crypto is also confident that the altcoin season is imminent amid the Bitcoin price’s rally to a new ATH. In an X post, he stated that where the market is headed in the coming months, every lagging altcoin is an opportunity to be thankful for, not a problem to be frustrated about. BTC Is Forming A Top At Current Price Levels In an X post, crypto analyst CryptoVerse stated that the Bitcoin price is likely forming a top at its current levels. He admitted that the flagship crypto could still rally to between $112,000 and $118,000 but warned that it could mark the cycle peak. The analyst also stated that he is not expecting an altcoin season before the fourth quarter of this year. Related Reading: Bitcoin Dominance Chart Remains Very High Despite Crash, What This Means For Altcoins CryptoVerse remarked that based on global liquidity trends, the altcoin season should begin in the fourth quarter and wrap up by the second quarter of next year. He noted that there could be short-term bounces, but a full-blown rally is unlikely to happen before then. Featured image from Getty Images, chart from Tradingview.com
Amid its breakout, Solana memecoin Dogwifhat (WIF) eyes a reclaim of $1.50 and a continuation of its bullish rally. Some analysts suggest that new highs are bound to come if the token holds above a crucial level. Related Reading: Bitcoin Next Leg Up Loading? Analyst Says BTC Could Trade Sideways For Two Weeks Dogwifhat Reclaims $1.00 Over the past month, dogwifhat has seen a massive 190% surge, climbing back to the $1.00 barrier. The memecoin has been in a downtrend since hitting its Q4 2024 high of $4.19 in November, retracing over 92% in five months. After the TRUMP memecoin and LIBRA token controversial launches, the sector faced market exhaustion, with most memecoins struggling during the Q1 2025 retraces. As a result, WIF lost the $1.00 mark for the first time in a year. Amid last month’s pullbacks, dogwifhat hit a 14-month low of $0.32 before the crypto market recovery started, but jumped to the $0.60 support at the end of April. Since then, WIF has soared over 70%, reclaiming the key $1.00 resistance on Monday. This week, the memecoin has hovered between the $1.00-$1.20 price range after hitting a three-month high of $1.32 four days ago. Additionally, it retested the recently reclaimed level as support after bouncing from the $0.95 level on Thursday. Market watcher Rose Premium shared a technical outlook for the cryptocurrency, noting a bullish structure after its recent performance. The trader explained that dogwifhat shows “a classic bullish structure after rebounding from the Fibo Zone,” between the $0.95-$0.98 range. Based on this, WIF’s trend continuation is likely if the memecoin holds the $1.00 level as support. This could propel the token toward an initial target of $1.15, before reclaiming the $1.26 level and finally reclaiming the $1.37 mark. WIF Breakout Eyes $1.50 Trader Coinvo suggested that WIF’s “classic break and re-test pattern” is “guaranteed” to send the memecoin’s price in a parabolic rally. Similarly, analyst Carl Runefelt from The Moon Show affirmed that dogwifhat is “potentially ready to continue its rally to new highs.” Per the chart, WIF has been in a symmetrical triangle pattern over the past week, with price breaking out of the upper boundary after surging above the $1.05 level. According to the formation, the cryptocurrency targets $1.50 if the breakout is confirmed. This level has been a crucial horizontal level, serving as a key bounce area during the 2024 retraces, and could propel dogwifhat to higher targets if reclaimed. Related Reading: Avalanche (AVAX) Eyes 30% Rally Amid Cup-And-Handle Pattern Breakout Meanwhile, analyst The Cryptonomist highlighted a falling wedge pattern in WIF’s lower timeframe chart. The memecoin broke out of the 3-day pattern after today’s bounce, breaking out of the upper boundary after reclaiming the $1.03 mark. The analyst stated that WIF could target the $1.49 resistance area if it holds its current levels and the entire market “goes for another leg up from here.” As of this writing, dogwifhat trades at $0.14, a 1.8% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
On Wednesday, Dogwifhat (WIF) led the crypto market with a 16% surge to $1.37, becoming one of the best-performing cryptocurrencies in the last 24 hours. The token swam against the current as most of the top memecoins recorded red numbers, leading analysts to suggest a possible breakout for the token. Related Reading: Bitcoin Preparing For A February Rally? Analyst Says New High Is Two Weeks Away Las Vegas Sphere About To Be WIF Hat Dogwifhat has recovered from yesterday’s drop below the $1 mark following its team’s tease of the long-awaited Las Vegas Sphere project. On Tuesday night, the official Dogwifhat X account shared a picture of its mascot in Las Vegas. The image included the cute dog with the Las Vegas Sphere as its hat and an old Nokia phone with “01.2025” on its screen. Additionally, the account stated that the “hat stays on,” explaining that dates will be shared “as soon as we are allowed.” The bullish tease propelled the token back to its recently lost support of $1.30 and reignited the broader community’s interest in the memecoin. WIF became the memecoin sensation of 2024, reaching an all-time high of $4.88 last March. The token also led the memecoin narrative during Q2 and recovered some of its early glory during the December pump. However, WIF’s spotlight was eclipsed by the oversaturated memecoin sector and the rise of many other market sensations like PNUT and CHILL, dropping 40% in the last six months and 75% from its ATH. During its 2,000% growth phase, many crypto investors put their hats on, which prompted a massive fundraising campaign to display the memecoin in the Las Vegas Sphere, the world’s largest LED screen, for a week. The community raised $700,000 to achieve this dream but was left in the dark over the last several months. In July 2024, many investors expressed concern and frustration about the project after Crypto.com displayed Bitcoin’s logo on the Sphere. Some community members questioned the project, calling the initiative an alleged scam. However, the organizer repeatedly assured the WIF community that they were working to make “wif on Sphere” happen soon. Is the Dogwifhat Bottom In? Crypto analyst Altcoin Sherpa shared his outlook on WIF’s recent performance. He suggested that the pump doesn’t seem “actually real/sustainable” based on the “overall chart/market conditions.” However, he considers that if Dogwifhat shows some consolidation above the $1.23 mark, it could see another leg up. Meanwhile, crypto trader Bluntz stated that its current levels could potentially be WIF’s bottom. According to the post, “the major A wave has now been swept” and there are some “nice signs of life forming” in the lower timeframes despite the retrace lasting longer than he anticipated. The trader previously forecasted an “inevitable” fall to the $1 range, arguing that WIF was headed for a large retrace before the next parabolic run, which could lead to a new ATH. Related Reading: ‘No Need To Panic’: Cardano (ADA) Holding Key Level Despite 14% Drop After the recent performance, Bluntz warned that it is a “very early day, and we haven’t seen a 5-wave rise from the lows ‘yet’, but I think there’s a decent chance one has begun to form.” Another market watcher also pointed out a one-month falling wedge pattern on WIF’s chart, which targets $1.90 at a “minimum and quickly” if the memecoin breaks out of the upper downtrend line at around $1.40. As of this writing, dogwifhat trades at $1.21, a 14.4% surge in the daily timeframe. Featured Image from X.com, Chart from TradingView.com
Leading cryptocurrency asset Solana (SOL) is demonstrating notable renewed price momentum as it aims to challenge several key resistance points. These crucial levels have proven vital for its next major rally to higher levels, possibly to a new all-time high in the upcoming weeks. Price Breakout To Propel Solana’s Value Amid rising market optimism, Negentropic, […]
Memecoins underperform the wider crypto market after double-digit daily losses surpass the sell-off in BTC and ETH.
WIF is making a powerful return to the market, as bullish momentum takes hold and drives the price higher. After showing signs of resilience, the digital asset is on an upward trajectory, with strong positive traction setting the stage for further gains. As WIF continues to gain ground, the digital asset is positioning itself for continued growth, pushing past key resistance levels. This article aims to analyze WIF’s current strength, which is propelling the asset toward higher price levels. The goal of examining the key drivers behind this surge, including market sentiment, and technical indicators, is to understand how the meme coin is positioning itself for sustained upward movement. It will also explore the potential for the asset to break through significant resistance points and set new highs while assessing the durability of the rally. WIF’s Bullish Traction: Analyzing The Path Forward WIF has demonstrated renewed positive strength after rebounding from the $2.89 support level, steadily advancing toward the $3.58 resistance level. This recovery indicates a significant shift in sentiment, with buying pressure triggering more price growth. Also, the cryptocurrency is trading above the 100-day Simple Moving Average (SMA) on the 4-hour chart, which reinforces the bullish trend and a strong foundation for further gains if WIF successfully breaks above the $3.89 resistance. An examination of the 4-hour Relative Strength Index (RSI) shows that the RSI has climbed back above the 50% threshold after experiencing a decline to 40% signaling a resurgence in buying pressure, reflecting renewed bullish momentum in the market. A persistent climb would indicate strong overbought conditions, suggesting robust demand and the possibility of more price growth. Related Reading: Dogwifhat (WIF) Price Set To Skyrocket 2,500%, Predicts Renowned Economist Also, the daily chart highlights WIF’s strong upward momentum, evidenced by the formation of a bullish candlestick as the price rebounds from the $2.89 level. Its position above the SMA further solidifies the positive trend, signaling consistent strength. As WIF continues its ascent, it inspires growing market confidence and paves the way for an extended price increase. Lastly, the daily chart’s RSI has recently surged to 57%, reflecting a strong wave of optimistic sentiment as it maintains a position above the critical 50% threshold. This rebound comes after a temporary dip to 51%, demonstrating the re-emergence of buyers in the market. Resistance Levels To Watch: Can WIF Break Through? As WIF continues its upward trajectory, key resistance levels will play a pivotal role in determining its next move. The immediate challenge lies near the $3.58 mark, a critical threshold that could either pave the way for additional gains or temporarily halt the rally. A successful break above this level could set WIF on course toward new highs, reinforcing its bullish trend. Related Reading: WIF Bulls In Control As RSI Signals Strong Upside Potential However, if WIF fails to surpass the $3.89 resistance, it may face consolidation or a pullback toward the $2.89 support level. A breach below this key support could trigger a more significant decline, possibly extending toward the $2.2 level and below. Featured image from LinkedIn, chart from Tradingview.com
In his latest YouTube video titled “Turn $1,000 into $100,000 With Meme Coins in 45 Days! [I’m Buying These Memes Now],” Miles Deutscher provides an analysis of the current memecoin landscape where he lists specific coins that he believes are poised for substantial growth. Deutscher contextualized the current market environment, stating, “altcoins are now breaking out of a key resistance level on the weekly, absolutely flying specifically the meme coins.” He attributes this surge to the memecoin supercycle, driven by increased retail participation and strategic exchange listings. “The altcoins that people are bidding in light of this breakout are the memecoins, specifically the ones that are getting exchange listings,” he explains. List Of Deutscher’s Top Memecoins To Buy Now Among the top memecoins Deutscher highlights, Pepe (PEPE) is a standout performer. “Pepe is my first 100x through memecoins,” Deutscher exclaims. He advises a proactive trading approach, utilizing technical indicators to navigate its price movements. “Pepe continues to show strong bullish signals, making it a prime candidate for long-term holds and active trading,” he asserts. Related Reading: Uncertainty Looms For Crypto As SEC And CFTC Leadership Transitions Unfold Under Trump Dogwifhat (WIF) is another memecoin that Deutscher identifies as having significant upside potential. “WIF is performing exceptionally well right now,” he notes, pointing to its strong market performance. Deutscher recommends monitoring breakout patterns and technical signals akin to those observed with Pepe, suggesting that WIF is well-positioned to capitalize on the ongoing market momentum. “Watch for breakout patterns and technical signals similar to Pepe,” he states. Foxy (FOXY) also garners attention for its remarkable performance, currently up approximately 110% in the last 13 days. “Foxy has started flying the spell call from yesterday,” Deutscher states. He recommends a strategic approach of taking partial profits while maintaining the majority of the position to maximize returns. “Targeting higher range highs with potential for yearly high retests,” he explains. Spell (SPELL) is another memecoin that Deutscher praises, having increased by 41% since his entry and 67% in the last 12 days. He attributes its success to “unit bias and low market cap psychology,” emphasizing the psychological factors that drive retail investment in lower-priced tokens. “Spell is the lowest market cap meme on Coinbase, and unit bias is a real thing with retail,” he observes. Deutscher targets a multi-billion market caps for Spell, advocating for holding positions to fully capitalize on its growth potential. Related Reading: New Era For Crypto Regulation? SEC Chair Gensler Suggests He May Step Down Bonk (BONK) and Floki (FLOKI) are recognized by Deutscher for their consistent performance within the memecoin sector. “Bonk continues to be a strong performer,” Deutscher remarks, while FLOKI’s substantial gains of approximately 85% are noted as being driven by overall market momentum. “FLOKI benefits from the flywheel effect and overall market momentum,” he explains. Peanut the Squirrel (PEANUT) is highlighted for its explosive growth, having surged by an impressive 1,800% within the last nine days. Deutscher attributes its rapid rise to heightened retail investment and speculative trading. He underscores Peanut’s potential for continued growth, driven by its strong momentum and increasing market interest. “Peanut exemplifies the explosive potential within the memecoin arena,” he states. Goat (GOAT), the leading AI memecoin, has seen a fivefold increase over the past month and has crossed the $1 billion market cap with the latest surge. However, GOAT is far from done. “Goat is targeting multi-billions,” Deutscher asserts, indicating his confidence in its scalability and long-term viability. In addition to these primary memecoins, Deutscher also mentions SPX6900 (SPX) and Giga (GIGA) as newer additions to his portfolio, both showing positive returns. “SPX is considered a relative strength leader with potential for significant upside,” he elaborates, while Giga’s performance is tied to technical setups and anticipated exchange listings, making it a strong contender in the memecoin sector. “Giga remains a strong contender based on its technical setups and upcoming exchange listings,” Deutscher notes. Deutscher also touches on several other memecoins, including Popcat, MOG, Miggles, Flaky, Pups, Simon’s Cat, Toshi, Billy, and Paradise, each noted for their varying performances and niche market potentials. He observes, “animal coins have been super hot,” particularly cat-themed memecoins like Popcat and MOG, which he believes are ripe for rotation plays within their specific sub-sectors. In general, Deutscher emphasizes the current significance of exchange listings and weekend trading dynamics. “Weekend pumps have become a lot more probable across the board now that retail is back,” he explains, noting that retail investors are more active during weekends, driving substantial market movements. He also advocates for monitoring intra-rotations within memecoin sub-sectors, such as cat-themed coins, to capitalize on emerging trends and early investments. At press time, PEPE traded at $0.00002080. Featured image from iStock, chart from TradingView.com
WIF latest dip below the crucial $3.582 support has triggered concerns across the market, as bearish sentiment appears to be gathering strength. Its break below this key level could pave the way for even greater losses, leaving traders to question whether the bulls can stage a comeback or if further declines are inevitable. As downside risks grow, this analysis aims to examine WIF’s recent drop below the critical $3.582 support level and explore the potential implications of this bearish shift for future price movement. By assessing current market sentiment, key technical indicators, and possible support zones, we seek to determine whether WIF is positioned for more losses or if a reversal may be on the horizon. Examining WIF’s Drop Below The Critical $3.582 Support Level On the 4-hour chart, WIF has recently broken below the $3.582 level, triggering bearish momentum as the price moves toward the $2.896 support range and the 100-day Simple Moving Average (SMA). As the bearish trend develops, the market is closely watching for any signs of stabilization or a deeper slide toward key support zones. The 4-hour Relative Strength Index (RSI) has dropped from the overbought zone to 53%, signaling a reduction in upward momentum. This move toward neutral territory suggests that buying pressure may be waning, and market participants will be looking for indications of continued decline or a potential shift in momentum. Related Reading: Dogwifhat (WIF) Price Set To Skyrocket 2,500%, Predicts Renowned Economist On the daily chart, WIF is showing strong negative strength, highlighted by a bearish candlestick pattern that has pushed the price below the critical $3.582 support. This pattern indicates that sellers are firmly in control of the market, relentlessly driving the price lower, prompting a strong likelihood of further drops in the near term. An analysis of the 1-day RSI suggests WIF may face extended losses as it has dropped from a high of 80% to 64%, indicating a reduction in buying pressure. Typically, this decline points to a possible weakness of bullish momentum, with more downward pressure likely if the RSI continues to wane. Potential Support Zones To Watch If WIF Continues To Drop If WIF continues to drop, key support zones to watch out for include the $2.896 level, which has previously acted as a critical point for price stabilization. Below this, the next support level to monitor is positioned around $2.257, where WIF may find additional buying interest. A break below these levels could open the door to further declines toward other psychological support zones. Related Reading: Strong Buy Signal For DogWifHat (WIF) – Key Indicator Hints At Rally To $4 Conversely, if WIF breaks below the $2.896 support level, it could signal the start of a bullish comeback, potentially pushing the price back above the $3.582 level and toward higher resistance points. Featured image from YouTube, chart from Tradingview.com
Solana-based Memecoin Dogwifhat (WIF) is among the tokens leading the crypto market. The cryptocurrency surged over 40% in the last 24 hours, breaking above the $4 resistance zone following its Coinbase listing. As a result, some market watchers forecasted a massive WIF rally before year-end. Related Reading: Market ‘Pricing In A Higher Fair Value’ For Bitcoin As Price Discovery Continues Dogwifhat Rallies 40% Amid Coinbase Listing Dogwifhat has been one of the best-performing memecoins of this cycle, seeing a 2000% surge to its $4.83 all-time high (ATH) in March. The token led the Solana meme frenzy during Q1 but faced a significant 66% price drop in the following months while the market retraced. As the crypto market regained momentum, the token broke above the crucial $2 resistance zone, reclaiming this level as Q3 closed. Since Trump’s victory in the US presidential elections, WIF has joined the market’s broader rally, breaking out of an 8-month downtrend. WIF’s reclaim of the $3 mark earlier this week fueled investors’ bullish sentiment as the token reached levels not seen since June. Moreover, the cryptocurrency experienced a massive 40% rally in the last 24 hours after being listed on a major crypto exchange. On Wednesday, Coinbase announced the listing of Dogwifhat alongside frog-themed memecoin PEPE. The news propelled a massive rally for the dog-themed token, sending its price from the $2.93 weekly low to the $4.00 resistance level. On Thursday morning, the memecoin rallied toward the $4.30 mark, seeing its highest price since early April. Since the listing news, WIF has tried to turn the $4 resistance into support, briefly losing the level as Bitcoin (BTC) retraced to $87,000. Despite the momentary retrace, Dogwifhat remained among the best-performing cryptocurrencies among the top 100 list, seeing a 9.9% increase in the last 24 hours, while the broader market bleed 2.2%. WIF To $5 By Christmas Day? Following its massive performance, some market watchers forecasted a $5 target for the cryptocurrency. Trader Koala suggested that WIF would see a deviation from its 24-hour $3.90-$4.30 range. After the deviation, the analyst stated that the memecoin could see a bounce from the range’s lows toward the range highs before moving toward the $5 zone. The token has momentarily recovered from the drop below $4, trading at the range’s lower levels, just 16.4% below its ATH. Meanwhile, another market watcher suggested that Dogwifhat could see a rally like Shiba Inu’s (SHIB) 2021 run. X user Sito noted that SHIB rallied 1800% after being listed in Coinbase, reaching its ATH of $0.00008616 42 days later. Related Reading: Dogecoin Frenzy Arrives In Korea: ‘Kimchi Premium’ Returns Amid DOGE’s 110% Rally Per the post, WIF could see its surge above the $50 mark if it performs similarly to SHIB’s price action post-Coinbase listing. Sito pointed out that this would lead to WIF’s price trading at $52 by Christmas day. Moreover, he detailed that SHIB’s listing occurred towards the end of the previous bullish cycle, arguing that dogwifhat’s listing could be “even more bullish as it would allow for more organic growth.” As of this writing, WIF is trading at $4.05, a 71.6% surge in the last seven days. Featured Image from Unsplash.com, Chart from TradingView.com
Solana’s rally to $222 puts SOL price within 20% of its all-time high.
The emergence of Donald Trump as the president-elect of the United States has been one of the biggest catalysts the crypto market has seen this year. The meme coin market has largely benefited from the recent bullish sentiment in the crypto industry, with the price of Dogwifhat (WIF) also running rapidly to the upside. Although this spurt of bullish momentum has drawn the attention of traders and other market participants, several investors are still treading with caution while anticipating a brief pullback. However, a prominent crypto analyst believes it is time to buy and has come forward with an audacious projection for the price of Dogwifhat. Solana-based Meme Coin Dogwifhat To Rally 20% — Here’s How In a November 9 post on the X platform, crypto pundit Ali Martinez shared an exciting analysis of the WIF price, explaining that the meme coin might not be done just yet. Based on recent price action, the Dogwifhat token appears to be in line for a sustained upward price run. Related Reading: PEPE Slips Into Correction: Here Are Key Levels To Watch For A Rebound The rationale behind this projection is the formation of a bull flag pattern on the 4-hour chart. A bull flag pattern is a chart formation used in technical analysis and is characterized by a period of steep upward price movement (the flagpole) and a short period of consolidation or slight downward trend (the flag). The bull flag typically acts as a strong continuation pattern for an upward price trend. However, it is important to look out for a price breakout to the upside of the flag in order to confirm the trend continuation prognosis. As shown in the chart above, the price of Dogwifhat appears to be breaking out of the flag, suggesting the potential persistence of the upward trend. Should this breach be successful, it is worth noting that the breakout usually replicates the length of the initial flagpole. Using this first flagpole as a template, Martinez placed the price target for the Solana-based meme coin at $2.84, which represents a 20% increase from the current price point. WIF Price At A Glance As of this writing, the price of Dogwifhat stands at around $2.40, reflecting a 5.9% increase in the past 24 hours. This single-day action has further improved the meme coin’s performance on the weekly timeframe, bringing it up to 14.6% in the past seven days. Related Reading: Dogecoin Price Forecast: Analyst Says Downside Is Minimized As 1M, 3M, And 6M Candles Turn Bullish Featured image created by Dall-E, chart from TradingView
Dogwifhat (WIF) has emerged as one of this cycle’s standout meme coins, and a major move might be imminent. WIF is trading just above $2.5, a key support level that top analyst and investor Ali Martinez believes could be a launchpad for a 17% surge to the $3 mark. Martinez shared a technical analysis highlighting WIF’s strong base above $2.5, signaling that bullish momentum is building for the token. Related Reading: Ethereum Holds Key Support To Set A $6,000 Target – Analyst As WIF holds above this crucial level, investor optimism and trading volume are rising, suggesting that both short-term and long-term holders are preparing for another leg up. The next few days—or even hours—could be decisive, as WIF sits at a pivotal point that could set the stage for significant gains. With interest in meme coins surging and market sentiment favoring breakout plays, Dogwifhat is on track to test the $3 mark soon. If WIF breaks through, it may continue to draw more interest as one of the leading tokens in this meme coin cycle. Dogwifhat Holding Above Key Support Level Dogwifhat (WIF) has remained in a consolidation phase after reaching a local high of $2.97, now stabilizing above a crucial support level at $2.5. According to top analyst Ali Martinez, this consolidation period could set the stage for a breakout. Martinez shared a technical analysis on X highlighting a bullish pattern forming on WIF’s 1-hour timeframe, suggesting that the token may soon be ready to push higher. Martinez’s analysis indicates that WIF’s resistance level within this bullish pattern sits around $2.6. Should WIF break above this key resistance, a surge to the $3 mark is anticipated, which could spark renewed interest in the token. As meme coin traders know, FOMO (fear of missing out) can drive demand rapidly, especially for tokens with strong online communities and viral appeal. A move above $3 could position Dogwifhat as a top contender among this cycle’s meme coins, potentially leading to increased trading volume and broader market interest. Related Reading: Dogecoin Metrics Reveal Increasing Network Activity – Is DOGE Ready To Break Yearly Highs? However, broader market conditions, particularly Bitcoin’s price action, will play a crucial role in determining whether WIF and other meme coins continue their uptrend. Many traders and analysts are watching Bitcoin closely, as a push above its all-time high could catalyze a rally across the entire market. If BTC breaks into new highs, the resulting optimism and influx of capital could serve as the final push that Dogwifhat needs to leap to the $3 mark and beyond. Until then, WIF remains in a holding pattern, with its potential for a breakout hinging on technical triggers and broader market sentiment. WIF Technical Levels To Watch Dogwifhat (WIF) trades at $2.56, breaking above the 4-hour 200 moving average (MA) set at $2.49. This move above the 200 MA signals bullish momentum, and WIF firmly holds the $2.52 level. Previously a resistance, this $2.52 mark supports the token’s uptrend. For WIF bulls to build further momentum, the price must push past the $2.7 mark, potentially paving the way for a run to local highs around $3. Breaking through these levels could attract renewed buying interest, especially as the market anticipates broader upward movements in leading assets. However, should WIF fail to maintain its position above the $2.5 mark, it may face a pullback, with support likely in a lower demand zone around $2.41. Related Reading: Cardano Might See A Massive Pump Around November 18 – Analyst Exposes 2020 Similarities This consolidation period and test of new support levels could ultimately strengthen the foundation for a sustained uptrend. For now, the $2.5 support remains critical as bulls look to gather strength for a possible push higher. Featured image from Dall-E, chart from TradingView
Memecoins are outperforming the crypto market today, which could be an indication that traders are paying more attention to this sector.
Solana price hits $180 as Bitcoin storms toward a new all-time high. Data suggests SOL can go higher.
Dogwifhat price staged an over 70% rally over the past month as memecoin traders reset their positions.
Dogwifhat (WIF) has resumed its upward trajectory, with the price approaching the key $2.89 level as bulls take back control. After a period of consolidation, renewed buying pressure has fueled the meme coin’s rise, signaling that momentum is once again favoring the bulls. With increased buying pressure and positive market sentiment, WIF is showing signs of an impending uptrend. As WIF edges closer to this significant resistance level, this article will assess its recent price action, highlighting the bulls’ regained strength. Through an analysis of key technical indicators and market dynamics, this piece seeks to evaluate whether the current bullish momentum is strong enough to push WIF past the $2.89 resistance, signaling the potential for further upward movement. Market Sentiment Shifts: Bulls Take Charge As Buying Pressure Increases WIF has consistently held its position above the 100-day Simple Moving Average (SMA) on the 4-hour chart, signaling upside movement. Recently, the asset experienced a rebound from the $2.45 support level, further enhancing positive market sentiment. If the price remains above the SMA, it could establish a solid foundation for another upward movement toward the $2.89 resistance level. This combination of support and bullish arrows suggests that WIF is well-positioned for more gains in the near term. An analysis of the 4-hour Relative Strength Index (RSI) indicates renewed upside potential, with the RSI climbing to 49% after previously dipping to 41% suggesting that buying momentum is gaining strength as the market shifts from a bearish phase toward a more neutral stance. Related Reading: WIF Bulls Push Hard Toward $2.1 Resistance Amid Market Optimism Additionally, the daily chart shows that WIF is facing significant upward pressure, as evidenced by attempts to form bullish candlesticks. This positive trend is further supported by the asset’s position above the critical $2.20 support level and the 100-day SMA. As WIF continues on this path, it strengthens the optimistic sentiment in the market, paving the way for additional gains as it nears the $2.89 mark. Lastly, the RSI on the daily chart is currently at 58%, having recently recovered from a dip to the 56% threshold. Should the RSI continue to climb, it could signal further strength in WIF’s price action. Furthermore, a sustained move above the 60% mark could enhance the likelihood of continued upbeat momentum and potential breakouts, reinforcing the positive outlook for the asset. Key Resistance At $2.89: Can WIF Break Through? WIF’s price could reach the $2.89 resistance level if it demonstrates sustained bullish pressure, bolstered by strong buying volume and positive market sentiment. A successful breakout above $2.89 may pave the way for further gains, possibly leading to new highs and increasing investor interest. Related Reading: WIF Bulls In Control As RSI Signals Strong Upside Potential Conversely, if WIF fails to break through this level, it could lead to a pullback, causing the price to drop toward the $2.25 support level. Should it fall below this mark, the meme coin may continue its decline, potentially targeting the $1.50 level and beyond. Featured image from YouTube, chart from Tradingview.com
Meme coins are bouncing higher, looking at CoinMarketCap data as of September 27. Dogecoin, the world’s largest meme coin by market cap, is up 16% over the last trading week. Shiba Inu and Pepe rallied in the same period, adding 37% and 27%, respectively. The expansion of meme coin prices has also been a boom to DogWifHat (WIF). Solana’s largest meme coin by market cap is up 14% on the last day, pushing weekly gains to over 31%. At the current valuation, WIF is the fourth most valuable coin, trailing Dogecoin, Shiba Inu, and Pepe. DogWifHat Whale Accumulating, Meme Coin Soaring Lookonchain data reveals that a meme coin whale accumulates as WIF prices tick higher. Tracking the address’ movements, the largest WIF holder, data shows, appears to be steadily accumulating. Related Reading: Stacks: New Network Upgrades Push STX Price Up By 18% – Details By buying as prices begin to recover from their August and September lows, the move is an endorsement of the meme coin’s potential in the coming months. On September 26, the whale borrowed 2 million USDC and bought 894,854 WIF at $2.24. Adding to his stash, the address now controls over 32 million WIF. This holding, Lookonchain analysts estimate, pushes the whale’s profits to over $86 million. However, the whale’s borrowing of USDC and purchase of WIF is not the first time. Mid this week, the same address borrowed 4.5 million USDC from Kamino and bought 2.55M WIF at $1.76. Looking at this trend, it is evident that the whale expects prices to continue printing higher highs. The daily chart shows that the meme coin is picking up steam. After sinking to March 2024 lows, the meme coin has recovered, doubling to spot rates. If WIF prices soar above $2.8 and July highs, there could be more room for growth. Ultimately, the medium-term target would be $4.8, a level last printed in March. However, for this to happen, WIF prices must more than double from spot rates. Will WIF Follow Popcat And Register Fresh Highs? The likelihood of WIF printing new all-time highs in the coming weeks or months cannot be discounted. Popcat, another meme coin on Solana, recently broke higher, registering new all-time highs above $1. At spot rates, the token is up nearly 120% in Q3 2024, attracting interest from whales. Related Reading: Ethereum: Analyst Sets $2,820 As ETH’s Next Key Level to Watch, Here’s Why After exiting for a loss, losing $611,000, Lookonchain data shows that the whale re-entered the Popcat market, spending $1.29 million worth of SOL to buy 1.3 million POPCAT at around $1. From the daily chart, a close above $1 will be crucial in sustaining the upside momentum. Feature image from iStock, chart from TradingView
Dogwifhat is currently up 30% in the week, but the number of holders has increased by only 1.29% in the same period.
Dogwifhat (WIF) is on the verge of a major breakout, with bulls targeting the $2.1 level as upward momentum continues to build. After a strong period of gains, all eyes are on whether this momentum can trigger the price past this critical resistance. A successful push could ignite a broader rally, further solidifying WIF’s bullish outlook. As the market heats up, this article seeks to analyze WIF’s price action as it approaches the critical $2.1 resistance level, focusing on the bullish strength that has driven recent gains. By examining technical indicators, market sentiment, and potential key levels, the goal is to assess whether the bulls can sustain their push and trigger a breakout, or if bearish pressure may halt the rally. WIF, with a market capitalization surpassing $2.1 billion and a trading volume of over $528 million, was trading at around $2, indicating an 8.15% increase at the time of writing. In the last 24 hours, its market cap rose by 8.14%, while trading volume saw a decrease of 27.81%. Bulls Push Gains Steam: Can WIF Surpass The $2.1 Barrier? Following the recent trendline break, WIF’s price on the 4-hour chart has continued to gain momentum as it reaches $2.1, with the purpose of breaking past it. WIF is also trading above the 100-day Simple Moving Average (SMA), suggesting a positive upward trend that could lead to a potential breakout. An analysis of the 4-hour Relative Strength Index (RSI) suggests a potential for further upward movement. The RSI has risen again to the 70% threshold after previously dropping to 63%, indicating that positive movement is gaining strength. Related Reading: Dogwifhat On The Edge: Can WIF Hold Above $1.47 As Bears Close In? On the daily chart, WIF shows strong upside movement, reflected in multiple bullish candlesticks following a successful move above the 100-day SMA. This rising strength suggests that bulls are actively in control and may push the cryptocurrency higher, aiming to surpass the $2.1 mark. Finally, on the 1-day chart, a detailed examination of the RSI formation indicates that WIF may maintain its optimistic trajectory as the indicator’s signal line has risen above the 50% threshold and is currently positioned at 70%, displaying a sustained bullish outlook. How High Can The Meme Coin Go Post-Breakout If the upbeat momentum continues and WIF successfully breaks through the $2.1 resistance level, it could target the next resistance level at $3.5. A decisive move above this level might pave the way for additional gains, possibly reaching its all-time high of $4.8 and beyond. Related Reading: Dogwifhat Price Up 15%, Analyst Predicts it Will 25x in 2024 Conversely, if the breakout leads to profit-taking or bearish sentiment, WIF may retrace to the previous support level of $1.47. When this level is breached, it could result in deeper declines, potentially dropping toward $0.7122 and other lower ranges. Featured image from Medium, chart from Tradingview.com
Popcat, the latest Solana-based memecoin sensation, has crowned itself as one of the best-performing cryptocurrencies in the market. The memecoin has stolen the spotlight following its 117% surge throughout Q3, outperforming other well-established tokens in the sector. The feline sensation has now consolidated as the first cat-themed memecoin to hit a $1 billion market capitalization, leading the market’s bullish run alongside tokens like Sei (SEI) and Worldcoin (WLD). Related Reading: Bitcoin (BTC) On Track For ‘Strongest September Performance’, Is $90,000 Next? POPCAT Hits $1 Billion Market Cap Status Memecoins became the leading sector during this cycle, with many tokens outperforming most altcoins over the last few months. At the front of the frenzy, dog-themed tokens like dogwifhat (WIF) stole the spotlight during Q1 and Q2. However, a feline rival is challenging its spot as Solana’s best-performing memecoin. Investors and market watchers have praised the cat-themed sensation’s performance over the past few months. Throughout Q3’s violent market retraces, POPCAT showed a remarkable performance, becoming the largest gainer among the top 100 cryptocurrencies several times. The memecoin’s price quickly bounced from its 55% pullbacks during the market crashes, recovering and surpassing its previous level each time. POPCAT’s price has seen a 117% surge in the past three months, driving its price from the $0.68 mark to a new all-time high (ATH). In the late hours of Tuesday, the cryptocurrency broke above the $0.97 resistance level set by its previous ATH. The memecoin continued its 21% jump towards the $1.08 level, its new ATH, before retracing to the $1.01-$1.02 price range. The surge propelled POPCAT’s market capitalization to the $1 billion mark, cementing its status as the leading cat-themed token and making it the first memecoin in this sector to achieve it. Following its remarkable rise, the token registers a 57.8% and 40.2% surge in the weekly and monthly timeframes. Its daily market activity also saw an 82% jump to a trading daily volume of $133.3 million in the last 24 hours. Investors See Further Price Potential Some crypto whales loaded their bags as POPCAT broke the $1 barrier. On Wednesday morning, on-chain data analytics firm Lookonchain revealed that a crypto investor recently repurchased the cat-themed sensation, suggesting that some investors feel positive about the token’s future performance. Per the post, the whale spent 8,644 SOL, worth around $1.29 million, to buy 1.3 million POPCAT over the past two days. The address bought 456,000 tokens on Monday before acquiring another 843,000 POPCAT when the memecoin hit $1. This whale had previously sold its POPCAT holding at a 45% loss over two months ago. The investor saw $611,000 in losses from selling its 1.69 million tokens. However, before the long-awaited surge to $1, crypto investor Trade4ddict noted that the POPCAT’s consolidation under the key resistance level was a strong sign for its potential bull continuation. Related Reading: Cardano (ADA) Reclaims Top 10 Crypto Spot, Analysts Set New Targets The trader considers that after “blowing off” the $1 resistance, the memecoin has “good chances” of pumping toward the $2 target. He also suggested that the previous high at $0.8 should offer some support before a potential correction. As of this writing, the memecoin continues to hold the $1 support level, exchanging hands for $1.01. Featured Image from Unsplash.com, Chart from TradingView.com
Meme coins have been sliding in recent weeks. According to Coingecko, all meme coins’ total market cap is around $42 billion. Dogecoin remains the most valuable, with a market cap of over $15.4 billion, followed by Shiba Inu, which has a market cap of around $8 billion. It has been a turbulent few trading months for meme coins, whose valuation is down from over $65 billion in Q2 204. WIF Struggling, Is This The “Most Bearish Meme Coin”? Though Bitcoin is turning the corner, a development that can yank top altcoins like Solana and meme coins higher, one analyst is bearish on DogWifHat (WIF). According to Coingecko, WIF is one of the top meme coins on Solana, commanding a market cap of over $1.5 billion and a slot in the top 5. Related Reading: POPCAT Jumps 20% As Whales Load Their Bags, Is A ‘Cat Season’ Ahead? While WIF might be up over 98,000% after dropping to all-time lows of $0.00155 in December 2023, the token is down 68% from recent all-time highs. WIF prices exploded, riding on Solana expansion and the meme coin fever that swept across the industry in the first half of the year. The analyst now thinks WIF will likely dump in the coming sessions. Driving this outlook is the state of the chart pattern, which points to weakness all through. From how the WIFUSDT chart is aligned, the token, the analyst claims, could be the “most bearish of all major meme coins.” Bulls Have A Chance If Bitcoin Recovers, DogWifHat Finds Resistance At $2 While there is optimism that WIF could bounce and benefit from the market-wide recovery, the current bearish structure damps optimism. From the analyst’s assessment, buying the meme coin at spot prices is risky. The only time traders can consider loading WIF is once it breaks out from the descending wedge, as is evident in the daily chart. Related Reading: Legendary Bitcoin Puell Multiple Finally Enters ‘Buy’ Territory In summary, WIF is down nearly 50% from July highs. Although prices recovered after the bounce in early August, buyers didn’t build sufficient momentum to reverse losses. The immediate resistance is $1.99, while support is $1.30. For the uptrend to take shape, WIF bulls must break above $2, ideally with rising trading volume. In turn, this may set the momentum for another leg up that could see the token expand to as high as $3–or July highs in a bull bar continuation formation. Feature image from iStock, chart from TradingView
Crypto traders claim that Dogwifhat will “likely retest” the critical support level as its price and open interest have both plummeted since July 27.
Crypto traders claim that Dogwifhat will “likely retest” the critical support level as its price and open interest have both plummeted since July 27.
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
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 […]
Bitcoin (BTC), the largest cryptocurrency by market capitalization, took over the Las Vegas Sphere over the weekend. The flagship crypto was displayed on the largest LED screen in the world as part of Crypto.com’s anniversary. Despite the excitement, a discussion sparked regarding Dogwifhat’s campaign to bring the memecoin to the Sphere. Related Reading: Bitcoin Conference […]
Memecoins in the Solana ecosystem continue to outperform the wider crypto market by generating double-digit weekly gains.
Following the highs of 2024’s first quarter (Q1), the crypto market faced a retrace during the second one (Q2). Despite this, Memecoins has remained the reigning champion of the market for the last three months. Related Reading: Big Filecoin Rally Ahead: Analyst Predicts 4,000% ‘Uphill Run’ Total Crypto Market Cap Falls 14% In Q2 On Tuesday, CoinGecko released its 2024 Q2 Crypto Industry Report. In the report, the crypto tracking website revealed that the total market capitalization declined last quarter. The total crypto market cap dropped 14.4%, $408.8 billion, in the last three months. The crypto market closed Q2 with a market cap of $2.43 trillion, unable to make new all-time highs (ATH). Comparatively, the total crypto market cap reached $2.9 trillion in March. During Q1, the market soared 64.5%, doubling Q3 2024’s growth. In absolute terms, the growth of this quarter (+$1.1 trillion) was almost double that of the previous quarter (+$0.61 trillion). This was largely driven by the approval of US spot Bitcoin ETFs in early January, sending BTC to a new all-time high in March. Additionally, CoinGecko highlighted that the crypto market cap was outperformed by the S&P 500, which registered a 3.9% increase. As a result, the correlation between the total crypto market cap and the S&P 500 plummeted from 0.84 in Q1 to 0.16 in Q2. In Q2, crypto volatility remained high, with an annualized volatility of 48.2% for the total crypto market cap. Meanwhile, Bitcoin (BTC) and the S&P 500 saw 48.2% and 12.7% volatility. Memecoins Continue Leading The Market Despite the market retrace, Memecoins remain the most popular narrative in Q2. According to CoinGecko’s categories web tracking, the sector dominated the chart with a 14.3% market share. Last quarter, Memecoins emerged as the most popular and profitable narrative. The sector delivered massive returns in the first quarter of 2024, with an average return of 1,313% across the top tokens. Tokens like Dogwifhat (WIF) and Book Of Meme (BOME) became market sensations, fueling the memecoin frenzy. These tokens had over 2,000% and 1,000% returns. This quarter, the market saw a Celebrity memecoin frenzy. Public figures like Iggy Azalea, Caitlyn Jenner, and Andrew Tate joined the industry amid controversial launches, hacks, and scam allegations. Moreover, the PolitiFi memecoins surged in popularity. Last week, these tokens outperformed most categories in the crypto market following Donald Trump’s failed assassination attempt. 4 out of the top 15 most popular narratives were memecoin-related, with Solana and Base memecoins registering an 8.44% and 4.61% share. Meanwhile, cat-themed tokens overpowered Q1’s reigning champions in the sector, Dog-inspired tokens. Related Reading: Whale Makes $8 Million With Trump-Inspired Memecoin As PolitiFi Tokens Soar This quarter, the feline-inspired tokens made it to the top 15. The category ran remarkably this cycle, with tokens like Cat in a Dogs World (MEW) and Popcat (POPCAT) surging over 200%. Similarly to Q1, Real World Assets (RWA) and Artificial intelligence (AI) were the second and third most popular sectors. RWA registered an 11.3% market share, while IA tokens saw a 10.9% share of market attention. Featured Image from Unsplash.com, Chart from TradingView.com
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