Memecoins
Bitcoin Dips Below $64,000, Ripple Has More Trouble, Meme Coins Suffer: This Week’s Crypto Recap
It’s been a tough week and there’s no other way. The total market capitalization of cryptocurrencies declined by more than $70 billion as the price of Bitcoin fell below $64,000.
It has been somewhat of a rollercoaster ride over the past seven days, with the BTC price attempting to recover several times but failing to regain its position. Last Friday, the cryptocurrency fell as low as $65,000, but the bulls were quick to recover over the weekend. However, from the start of the new week, the BTC bears regained control and canceled all attempts at a quick recovery.
Today, Bitcoin is trading at $64,000, although it seems rather shaky. Liquidations are also increasing, meaning many futures traders are seeing their positions wiped out.
But the slowdown is certainly not limited to Bitcoin alone.
The altcoin market is also suffering, especially when it comes to meme coins, but we’ll get to that later. Large-cap cryptocurrencies like BNB took a big hit. It is down 4% for the week, while Solana (SOL) is down a more considerable 10%. TON is down 10.4%, while ADA is down 9.4%.
Interestingly, Ripple’s XRP is up 2.2% over the past seven days, defying the negative market trend among other large-cap altcoins. This comes despite additional legal challenges the company faces in California (besides the major case against the U.S. Securities and Exchange Commission).
That said, meme coins are going through some very tough times. The entire category is down 14%. DOGE fell by 13%, SHIBA – by 17%, WIF – by 23%, FLOKI – by 19%, and so on. It’s interesting to see if the meme coin season that started at the start of the year has already ended, but as of this writing, that surely seems to be the case.
Overall, the crypto market is heating up, but unfortunately, it seems like the bears are in charge right now. Of course, all of this could change in an instant, so it’s exciting to see how next week plays out.
Market data
Market capitalization: $2.47 T | 24H Theft: $80 billion | BTC dominance: 51.2%
BTC: $64,230 (-4.2%) | ETH: $3,510 (+0.1%) | BNB: $585 (-3.8%)
This week’s crypto headlines not to be missed
MicroStrategy buys another massive batch of BTC, worth almost $800 million. MicroStrategy, the business intelligence software giant and NASDAQ-listed company, announced that it has purchased an additional $800 million worth of Bitcoin. This brings its total reserve to 226,331, and its current value is around $8.3 billion.
Bitcoin Retailers Still Missing: Can They Push BTC Above $70,000? Individual investors are nowhere to be found, according to to recent research. These traders are generally known for making more emotional decisions and rash investment choices associated with the later stages of a market cycle. In other words, the bull market may not be here yet.
Winklevoss Twins commits $2 million in BTC to Trump’s presidential campaign. Tyler and Cameron Winklevoss – the two co-founders of the cryptocurrency exchange Gemini – announcement their donations totaling $2 million to Donald Trump’s presidential campaign. It was made in BTC.
Stablecoins could capture 10% of the global economy in the next decade: Circle CEO. According to According to Jeremy Allaire, CEO of Circle (issuer of the USDC stablecoin), stablecoins may be able to capture 10% of the global economy over the next decade. Is this too optimistic?
Cardano (ADA), Ripple (XRP) targeted by short traders amid post-relief rebounds. Two of the most popular altcoins – Cardano’s ADA and Ripple’s XRP – have apparently been targeted by short traders. According to the data sharing By Sentiment, funding rates indicate dominant short selling.
NVIDIA is surpassing Microsoft as the world’s largest company and pushing these AI cryptos into the rally. The AI boom and demand for AI-powered applications helped NVIDIA stock hit a whopping $135 this week. This pushbrought the company’s market capitalization to $3.335 trillion, overtaking Microsoft for the top spot.
Graphics
This week we have a chart analysis of Ethereum, Ripple, Binance Coin, Dogecoin and Polkadot – click here for full price analysis.
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Memecoins
Memecoins dominate major derivatives in terms of open interest | Flash News Detail
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Memecoins
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.
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Memecoins
Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further
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.
Memecoins
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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