Memecoins

Meme Coin Price Forecast as Market Recovers – WIF, BONK, SHIB

Published

7 months ago

5 May, 2024

The crypto market has rebounded nicely over the past couple of days, with Bitcoin bouncing around $56,000 to reach current prices near $64,000. This positive dynamic has had an impact on various sectors, including those in the same areas.

Top coins like WIF are up 22%, while other major memes like SHIB are up 11% and BONK is up 9% in the last 24 hours.

Meme Coin King’s DOGE price is also up today by over 20%.

As overall market sentiment improves, investors are closely monitoring the price movements and forecasts of these popular cryptocurrencies. Let’s dive into the analysis and projections from crypto analysts and experts.

SAME PARTS Source: CoinMarketCap/memes

WIF Price Prediction

According to YouTube channel 99bitcoins, which has over 700,000 subscribers, WIF (also known as DogWithHat) is showing promising signs of continued growth. The channel said:

“We can see that in terms of market capitalization, we currently stand at $3.1 billion, which places us in the top 37 out of 10,000 active cryptocurrencies. In terms of volume, we are at number 18, which is also very good. And once again, for the week as well, it looks good, up 17%.

The channel further noted that despite April’s slowdown, WIF appears poised for bullish momentum heading into May, with technical indicators such as moving averages signaling strong buy signals.

“People want to load DogWithHat, again, very, very exciting things. It’s a meme piece that is so quirky that everyone loves this piece,” the outlet added.

While WIF is down 12% on the monthly chart, it has skyrocketed 1,600% over the past six months. Analysts predict that WIF could potentially reach prices between $5 and $10 in May, highlighting the meme coin’s growing popularity and bullish sentiment.

BONK Price Prediction

Jacob Bury, a YouTuber with 38,000 subscribers, shared his technical analysis and price predictions for BONK. He explained his strategy of setting alerts on lower levels of the Relative Strength Index (RSI) to identify potential buying opportunities.

“So to look at the technical analysis side of Bonk, um, just to reiterate my type of strategy here with meme coins, I tend to set alerts on the lower RSI regions. So, for example, when Bonk hit 33 on the Relative Strength Index here on the daily time frame, um, what that actually did, as you can see here, it presented a buying opportunity.

Bury stressed the importance of monitoring RSI levels, suggesting buying when the RSI falls below 40 during bull markets and selling when it rises above 80.

Looking ahead, Bury believes BONK could see another significant rise over the next three to six months, potentially reaching the $0.00006 region, representing a 2x opportunity from current levels.

“I think this is possible due to the low C market and the level of growth we still have left for the crypto space. I don’t think we’re anywhere near the end in these crypto markets, and Bonk just put on a big show of growth,” » Bury said.

Shiba Inu (SHIB) Price Prediction

Focusing on the popular meme coin Shiba Inu (SHIB), Bury acknowledged the recent market downturn, but expressed optimism about SHIB’s future growth.

“It’s been a really bad start to May overall in the crypto space, but I want to see Sheba start to grow more and more. We’re starting to see Doge up, Pepe up, uh, you also have Bonk up, quite a few meme pieces starting to shine once again, and overall you can’t really argue with the performance of the day.

Bury highlighted the increased burn rate of SHIB tokens, with a 500% increase in the last 24 hours, indicating that a significant number of tokens have been removed from circulation.

He also noted significant whale burns, including a recent 14.9 million token burn and a 35.8 billion token burn a few days ago.

From a technical perspective, Bury uses the RSI strategy, aiming to buy when the indicator dips below 30, as these levels have historically presented favorable buying opportunities for SHIB.

“So, actually, everything seems fine; It doesn’t look too bad. So Sheini had a big, big pump from this level. We can see there’s a lot of support in that 0.00002 dead region, and since then, if you bought there, you’re up 15% right now.

Bury suggests that if SHIB can retest the $0.00000028 level, it could form a double-bottom bullish reversal pattern, potentially triggering a continued upward move for the meme coin.

The 99Bitcoins channel and analyst Jacob Bury highlighted the potential for returns from new meme coin launches like Dogevers And Sealanaprojects that could see substantial gains in the coming weeks according to their analysis.

Fuente

Memecoins

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

Published

4 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

4 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

4 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

4 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.

Don’t miss a thing – Subscribe to receive email alerts directly to your inbox

Check Price action

follow us on X, Facebook And Telegram

Surf The Daily Hodl Mix

&nbsp