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A crypto strategist who accurately called the bottom of Bitcoin's (BTC) 2018 bear market says he's bullish on a duo of memecoins including Dogecoin (DOGE). Pseudonymous analyst Bluntz tells his 244,200 followers on the social media platform X that dogwifhat (WIF) continues to flash signs of strength even after a marketwide correction.
AMBCrypto's analysis reveals that the frog-themed project is one to keep tabs on this cycle.
The Bitcoin (CRYPTO: BTC) year-to-date surge of almost 60% captured most attention, but it paled in comparison to the massive gains of memecoins like Shiba Inu (CRYPTO: SHIB), Dogecoin (CRYPTO: DOGE), Dogwifhat (CRYPTO: WIF) and Bonk (CRYPTO: BONK). Benzinga took a look at what factors were driving this resurgence in memecoin prices and how established memecoins have a leg up on their new rivals.
The crypto market went boom late on Tuesdays as investors rushed to defend their open positions amid a nerve-shattering sell-off caused by imbalanced order books, profit taking, and miners' decision to offload BTC at its previous all-time high. Ethereum alongside most altcoins was caught up in the crosshairs as volatility exploded across the board.
Cryptos popped, dropped, and recovered all in a few hours.
The sharp recovery in Bitcoin and Ether shows that the bulls remain in control, and every dip is being viewed as a buying opportunity.
A closely followed crypto strategist believes that Ethereum (ETH) is going to keep climbing even after its recent gains. Pseudonymous analyst Inmortal tells his 206,500 followers on the social media platform X that the leading smart contract platform will likely soar to $4,800, a more than 36% gain from its current value.
Crypto Price Analysis: Following a brief all-time high, Bitcoin experienced a 7% price drop on March 5th, leading to a massive short liquidation across the crypto market. In a recent update from the derivative market data provider CoinGlass, it has been reported that Bitcoin witnessed its largest long liquidation event since last year.
The meme coin Dogwifhat (WIF) has skyrocketed, surging over 100% from a mere $1 to over $2 in just 12 hours. This surge pushed it to all-time highs.
ADA faces competition from not just one, but two meme coins. Shiba Inu (SHIB), currently ranked 10th, poses a threat to ADA with its market cap nearing $23 billion.
Cardano founder Charles Hoskinson has provided insight into when the altcoin season will likely begin. So far, Bitcoin has continued to lead the way, but that could change soon enough based on Hoskinson's claim.
Billy Markus, one of the two creators of Dogecoin launched in December 2013, has taken to the X social media network to share a meme which can be interpreted as a Bitcoin price prediction.
Binance, the top crypto exchange, has added new trading pairs for meme coins like Dogecoin (DOGE), Pepe Coin (PEPE), and Shiba Inu (SHIB). This move comes as meme coin prices surge, showing strong investor interest in this market.
In a thrilling move, Binance, the leading cryptocurrency exchange, has amplified the frenzy surrounding meme coins by introducing new trading pairs for popular tokens like Dogecoin (DOGE), Pepe Coin (PEPE), and Shiba Inu (SHIB), among others. Meanwhile, this decision comes amid a recent surge in the prices of meme coins, indicating a robust investor sentiment
The cryptocurrency sector does not appear to be slowing down, with most of its assets currently exhibiting a bullish trend.
Binance announces the launch of new spot trading pairs and the expansion of trading bot services on its platform starting from March 7, 2024, aiming to enhance users' trading experience and provide a wider range of trading choices.
A pseudonymous cryptocurrency analyst Altcoin Sherpa on Wednesday predicted that the top meme cryptocurrency by market capitalization Dogecoin (CRYPTO: DOGE) will reach $1. What Happened: Altcoin Sherpa posted on X, "$DOGE: Some random notes on this one: -I think that this does something stupid, like go to $1+ or something.
The cryptocurrency is recovering from its previous downturn. Dogecoin price analysis by Coinidol.com.
The meme coins have gained notable traction lately, amid a price rally of the major players in the segment, especially the Solana-based dogwifhat (WIF). However, recent retreats in the prices of top contenders like Shiba Inu (SHIB) and Dogecoin (DOGE) have stirred speculation about the sustainability of the meme coin frenzy.
Some meme coins are surging in anticipation of more exchange listings in the coming months.
Dogecoin (DOGE) has solidified its position as the eighth-largest cryptocurrency by market capitalization, leaving industry observers amused and sparking humor from Cardano's founder, Charles Hoskinson. The memecoin experienced a substantial upswing, propelling its market cap to approximately $28 billion, surpassing Cardano's $27 billion valuation.
Major cryptocurrencies took a tumble on Tuesday evening after the price of BTC corrected by 7% following a rally to a new all-time high of $69,324 at the Coinbase exchange. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m.
Dogecoin recently jumped to the $0.2 level for the first time since November 2021 amidst a month of exceptional bullish price action. Notably, DOGE is currently up by 128% this month and 97% in the past seven days, giving DOGE holders something to be happy about.
Meme coins are still the biggest winners—despite the crypto crash this morning.
