Memecoins

WIF crypto price prediction: will memecoin hit $10 amid recent decline?

Published

4 months ago

12 May, 2024

TokenTalk Staff

WIF crypto price prediction: will memecoin hit $10 amid recent decline?

A break above the $3.25 resistance could send WIF to $6.50.
The supply of stablecoins showed that market participants had the purchasing power to drive prices higher.

Memecoin based on Solana dogwifhat [WIF] has lost 16.36% of its value over the last 30 days.

This performance contrasted with the price action which saw WIF produce an astonishing 1,650% increase on a year-over-year (YTD) basis.

Few cryptocurrencies can boast such performance this year. But with a strong community, WIF was able to outperform almost all other popular memecoins during this cycle.

At the time of writing, WIF’s price was $3.02. But before this recent drop, the token was close to hitting $5. However, the attempt was rejected at $4.84, which is its all-time high.

The bulls have the upper hand

Despite the autumn, many market participants are convinced that the token will soon reach a new high. For some, the crypto could reach $10. For others, a 5x increase to $15 remains plausible. price prediction.

If WIF reaches $10, this means the project’s market capitalization could exceed $10 billion. However, it is important to consider the possibility before concluding.

The first AMBCrypto indicator considered was its financing rate. If funding is positive, it means that the price per share of an asset is trading at a premium to the index value.

In this case, most bets lean towards the bullish side. On the other hand, negative funding means that the price per investment of a cryptocurrency is lower than its spot value.

This also indicates broader bearish sentiment in the derivatives market.

At press time, the WIF funding rate was 0.008%, lower than seven days ago. But one thing we have observed is that the price of WIF has increased over the last hour.

Source: Santiment

An appropriate inference for this move is that some of the spot volume consisted of buy orders. As such, WIF price could rebound.

WIF must break $3.25

Validation of this bullish forecast could send WIF towards $3.65 to start. In terms of long-term goals, AMBCrypto analyzed the token from a technical perspective.

On the 4-hour chart, Supertrend issued a buy signal (green) at $3. However, there was a sell wall (red) at $3.25. WIF has already tried to overcome this resistance,

However, the bears rejected this move, bringing the price back to the brink of a decline to $2.76. However, the Money Flow Index (MFI) showed that the WIF might not fall that low.

Indeed, the MFI figure was close to 60.00, indicating that a good amount of liquidity was flowing into the WIF side of the crypto market.

If this reading continues to rise, the bulls may succeed in breaking through resistance at $3.25. However, the relative strength index (RSI) was below the midpoint.

But the figure showed signs that it could rise above 50.00, to validate the bullish momentum. If that were the case, WIF could be a metric that puts it at $6.50.

However, a very bullish situation could push the price of WIF to $10 in the long term.

Source: TradingView

For some, this could happen before the end of 2024. However, others believe that the memecoin price may not reach double digits this year.

Open interest is dropping but it’s not the end

Additionally, WIF’s open interest (OI) stood at $251.38 million at press time. The OI increases or decreases based on net positioning. If the indicator increases, this implies an increase in liquidity allocated to contracts.

In this situation, buyers are aggressive. Conversely, sellers are aggressive when OI decreases. According to Santiment data, WIF’s OI was almost half the March value.

If traders decide to open more positions, the price of WIF could to recover. However, it would take a lot of capital to take the token to its previous high.

But AMBCrypto observed that this might not be difficult to achieve. This was due to the supply of stablecoins, held by WIF whales, and valued at over $5 million.

Source: Santiment

At the time of writing, this measure had started to increase, indicating that large WIF investors were sufficiently armed to drive up the price.

Is your wallet green? Check the WIF Profit Calculator

If stablecoins were deployed to purchase the token, a significant price increase could occur.

However, it might be impossible for WIF to repeat its 883% 90-day increase. Nonetheless, an increase to $10 is a possibility for the token. If (when) this would happen is something that AMBCrypto cannot guarantee.

Fuente

Memecoins

Memecoins dominate major derivatives in terms of open interest | Flash News Detail

Published

1 month ago

1 August, 2024

TokenTalk Staff

Bitcoin Dominance May Have Peaked, Ethereum ETF Could Trigger Altcoin Momentum

Disclaimer

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Fuente

Memecoins

Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don’t miss the winnings

Published

1 month ago

1 August, 2024

TokenTalk Staff

Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don't miss the winnings

August offers investors a unique opportunity to capitalize on the potential gains offered by Shiba Inu (SHIB) and Mpeppe (MPEPE)These two memecoins take advantage of the viral nature of internet memes and popular culture, attracting a diverse and enthusiastic audience. In this article, we’ll look at why Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for gains this month and why you shouldn’t miss out on the potential profits.

The viral power of memecoins

Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid spread of the cryptocurrency’s brand and message across various online platforms, potentially appealing to a broader and more diverse audience. Shiba Inu (SHIB) and Mpeppe (MPEPE) are great examples of how this viral potential can translate into substantial community growth and market presence.

Shiba Inu: riding the wave of popularity

Shiba Inu (SHIB) has established itself as a major player in the memecoin space. With its cute canine mascot and strong community support, Shiba Inu (SHIB) has gained a significant following. The coin’s ecosystem continues to grow, with projects like ShibaSwap adding to its utility and appeal. Investors are optimistic about Shiba Inu’s future, expecting it to ride the wave of popularity that has kept it in the spotlight.

Ecosystem expansion

THE Shiba Inu (SHIB) The Shiba Inu (SHIB) ecosystem is constantly expanding, offering new features and utilities that enhance its value proposition. Projects like ShibaSwap provide users with opportunities to stake and earn rewards, making Shiba Inu (SHIB) more than just a meme currency. This expansion helps solidify its market position and attract a wider audience.

Balancing humor and professionalism

Mpeppe (MPEPE) offers a unique and light-hearted approach to the serious world of digital assets, balancing humor and professionalism. Inspired by internet memes and the dynamic energy of football fans, Mpeppe (MPEPE) is quickly gaining traction in the crypto community.

Mpeppe (MPEPE) offers an opportunity to reach a younger demographic and tap into the viral nature of internet culture. By balancing humor and professionalism, Mpeppe (MPEPE) appeals to a wide audience, from casual meme enthusiasts to serious investors. This strategy is similar to the one that made Shiba Inu (SHIB) so successful, but with a modern twist.

Expanding Reach and Adoption

Mpeppe’s (MPEPE) ability to leverage internet culture means it has the potential to rapidly expand its reach and adoption. The memecoin’s branding and community-driven approach make it accessible and appealing, much like Shiba Inu (SHIB) in its early days.

Why August is the month to invest

As the cryptocurrency market experiences a surge in interest, August presents a great opportunity to invest in promising assets like Shiba Inu (SHIB) and Mpeppe (MPEPE) Both coins are well positioned to capitalize on the growing interest in memecoins, driven by their unique appeal and active communities.

Conclusion: Don’t miss the benefits

Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for a profitable August, leveraging their viral potential and strong community support to attract a diverse audience. With the cryptocurrency market in full swing, now is the perfect time to consider investing in these promising memecoins. Just as Shiba Inu (SHIB) captivated the crypto world with its unique appeal, Mpeppe (MPEPE) is poised to make its mark. Don’t miss out on the potential gains these innovative digital assets have to offer.

For more information on the Mpeppe presale (MPEPE):

Visit Mpeppe (MPEPE)

Join us and become a member of the community:

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

Fuente

Memecoins

Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further

Published

1 month ago

1 August, 2024

TokenTalk Staff

Solana climbs 4% on the back of rising Meme Coins and Alts

Solana, the fifth-largest crypto asset by market cap, has fallen 8% in the past 24 hours, according to CoinGeckolike his Meme Coin Market Prices of some coins, which can be notoriously volatile, have fallen by as much as 43% in the past day.

As the cryptocurrency market bleeds with Bitcoin (Bitcoin) down 2.7% and Ethereum (ETH) 4.2%, Solana (GROUND) was the hardest hit among the top 10 cryptocurrencies, falling 8.2% to $168 on the day, according to data from CoinGecko. Along with this, meme coin Solana suffered huge losses.

The biggest loser in the last 24 hours is the bigger of the two Black (NEIRO) on Solana which fell nearly 44% to $0.01821. These tokens were launched after the owner of Kabosuthe Shiba Inu that inspired the Doge meme, announced that she had adopted a new dog named Neiro. Interestingly, her rival on the network launched an hour beforealso called Black (NEIRO), is up 75.2%. It appears that the Solana Neiro Civil War is far from being decided.

Other big losers include: Pump.fun’s Favorites Billy (BOWL), down 26.4%, and Michi (MICHI), which fell 24.5%. Over the past 24 hours, both tokens have flipped their market caps multiple times, but dog token Billy is currently in the lead with $94 million, about $3 million ahead of Michi.

Dog with hat (Wireless), the largest meme coin on Solana, was also hit, dropping 12.4%. Bonk (BONK), the second-largest Solana meme coin, fell 9.1%. In fact, among the top 50 Solana meme coins by market cap, only four tokens are in the green, with Zoomer (ZOOM IN) leading the pack with 41.1%.

Meme coins are notoriously high-risk assets and tend to post disproportionate losses when the broader market experiences a downturn.

Brain (BRAIN), Michi (MICHI), Mini (MINI), Shark cat (SC), and many others, for example, have suffered greater losses in the last 24 hours than any of the top 100 cryptocurrencies by market capitalization.

In the world of meme coins, when it rains, it rains.

Edited by Stacy Elliott.

Fuente

Memecoins

Trader Says Bitcoin’s Path to $100,000 Is ‘Currently Programmed’, Updates Outlook on Memecoin That’s Up Over 18,000% YTD

Published

1 month ago

1 August, 2024

TokenTalk Staff

Trader Says Bitcoin's Path to $100,000 Is 'Currently Programmed', Updates Outlook on Memecoin That's Up Over 18,000% YTD

A widely followed analyst and trader expresses bullish sentiment on Bitcoin (Bitcoin) while offering his take on the memecoin built on Solana (GROUND) blockchain ecosystem.

Starting with Bitcoin, the analyst known by the pseudonym Altcoin Sherpa tell His 219,000 followers on social media platform X say Bitcoin is on the verge of hitting a six-figure price.

“There will be bumps along the way, but Bitcoin’s path to $100,000 is on schedule. Don’t get rattled or lost along the way.”

Source: Altcoin Sherpa/X

At the time of writing, Bitcoin is trading at $66,236.

According to For the widely followed trader, Bitcoin enjoys strong support between $63,800 and $65,000, where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.

Source: Altcoin Sherpa/X

Next up is the Solana-based memecoin Popcat (POPCAT). The pseudonymous trader and analyst said that among the cat memecoin family, POPCAT is one of the “best” in the long run.

Altcoin Sherpa, however, says POPCAT looks bearish on the short-term four-hour time frame and needs to climb above a range low between $0.694 and $0.724 to avoid falling further.

Source: Altcoin Sherpa/X

POPCAT was trading at $0.00379 on January 5th and is now at $0.704, a gain of approximately 18,475%.

Altcoin Sherpa also offers his take on dogwifhat (Wireless), Solana-based Memecoin. According to For the pseudonymous analyst, WIF “still looks pretty good for now” on the four-hour chart with the “best” support area sitting around $2.10.

“The average would probably be $2.30 to $2.10 if I were you and I was swing trading this one.”

Source: Altcoin Sherpa/X

WIF is trading at $2.27 at the time of writing.

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