Memecoins

Dogwifhat and Bonk prices drop as traders switch to new memecoin Solana

Published

8 months ago

2 May, 2024

Dogwifhat, Bonk prices slide as traders switch to new Solana memecoin

Disclosure: This article does not represent investment advice. The content and materials presented on this page are intended for educational purposes only.

The decline in the crypto market has hit memecoins like Dogwifhat and Bonk, down 7.8% and 5% respectively, while new memecoin Dogeverse is surging with over $12.8 million raised in presales.

Over the past day, the crypto market’s decline has compounded Dogwifhat and BONK’s week-long downtrend, dropping nearly 7.8% and 5%, respectively, in the past 24 hours.

However, while many meme coins struggle, the new multi-chain token Dogeverse is seeing bullish growth. After receiving huge support from investors, it raised over $12.8 million in pre-sales less than a month after its launch.

Dogwifhat and BONK suffer losses amid market decline

Major meme coins suffered losses over the past day amid a decline in the broader market. Total The meme coin market was worth around $47.2 billion after falling about 9.5% in the last 24 hours.

Dogwifhat was one of the biggest losers, down almost 8% today. Its price is currently almost $2.4 but remains up 30% this month. After its initial uptrend, the meme token saw a fairly prolonged downtrend from its resistance at $3.1.

In fact, a popular crypto analyst, Nebraskangooner, Tweeted how WIF could see this downtrend extended to rest support at $2.3 before rebounding to gain bullish momentum.

However, any decline below this support level may delay the meme token’s near-term recovery prospects.

On the other hand, Recent tweet from CoinMarketCap showed how BONK started the week by being one of the most trending cryptos on its list. However, a drop of more than 11% over the past two days showed just how much this popularity has waned, especially as most major coins are suffering heavy losses.

BONK is currently trading near $0.00002295. It recently broke out of a classic descending channel pattern on its daily chart and entered a price discovery mode. This is why, even after falling almost 5% over the past day, it remained up 52% over the past two weeks.

Despite its recent losses, BONK’s long-term uptrend has restored traders’ confidence.

Dogwifhat and Bonk prices slide as traders switch to new memecoin Solana - 2

TradingView data has been displayed that volumes over the past 24 hours have increased only marginally. This means that the decline over the past day was not supported by huge volumes, reviving some hopes of a bullish reversal.

Nevertheless, Health data for BONK has hinted at a decline in the meme token’s social dominance over the past week. The token could see some upside in the near future if it rebounds from its immediate support at $0.00002275 and some improvements in its social dominance.

Despite the recent decline, many traders are quite bullish on meme tokens and expect more gains in a crypto bull market.

As a result, they are turning to early-stage meme tokens that still have huge upside potential. One meme token that has stood out is Dogeverse, which is currently in pre-sale and approaching the $13 million mark as it increases.

New memecoin Dogeverse set to rise after raising $13 million

Dogevers is a very interesting new meme token that draws inspiration from the popularity of other dog-themed cryptos like Dogecoin. What makes Dogeverse special is that it can run on several different blockchains. These include Solana, Ethereum, Polygon, BNB, Avalanche and Base.

The key idea behind Dogeverse is to break down the barriers that often separate crypto communities. It has a unique character called Cosmo. It is a dog born from a supernova that can “hyper-jump” across different blockchains.

The presale of the meme token was hugely successful, raising nearly $13 million in less than a month after its official launch. Investors can buy DOGEVERSE for $0.000304 at the time of going to press.

Dogeverse also offers a very rewarding staking program to early buyers. DOGEVERSE buyers can stake their tokens even before the presale ends. At the time of writing, the platform offers an APY of over 85%. Nonetheless, this number will decrease once new investors join its staking pool.

According to Dogeverse White Paper, the platform has set a supply limit of 200 billion DOGEVERSE tokens. It is offering early investors 15% of these tokens at a discounted price in the current pre-sale phase.

Interested buyers can enter the Dogeverse Telegram Group and follow him X (Twitter) for the latest updates.

To learn more, visit the Dogeverse presale.

Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.

Fuente

Memecoins

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

Published

5 months ago

1 August, 2024

TokenTalk Staff

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

Disclaimer

Disclaimer: Blockchain.news provides content for informational purposes only. Under no circumstances shall blockchain.news be liable for any direct, indirect, incidental or consequential damages arising out of the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making any financial decisions.

Fuente

Memecoins

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

Published

5 months 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

5 months 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

5 months 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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