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With Bitcoin momentarily crossing above $70,000, the improvement in general market sentiments pumps the altcoins for an overnight jump. Amidst the market jump, the meme coins are the torchbearers of the bull run. With the DOG, FLOKI, and WIF ranking high on the performance leaderboard, the uptrend is gaining momentum in these low-cap community-driven coins.
Dogwifhat's (CRYPTO: WIF) improving performance prompted bullish price predictions from traders. What Happened: Crypto trader Scient shared insights on a potential swing-long setup for Dogwifhat in a tweet on Monday, highlighting the importance of patience and not chasing the market.
With Bitcoin (BTC) attempting to break the important $69,000 price level, dogwifhat (WIF) is experiencing bullish breakout momentum.
Meme coins have carved out a unique niche within the cryptocurrency world, blending humor, community engagement, and financial opportunity. Notable Solana-based meme coins like Bonk (BONK) and Dogwifhat (WIF) have experienced impressive price surges since their respective launches, captivating investors.
Crypto analyst Crypto Jack has suggested that Solana-based meme coin Dogwifhat (WIF) could soon witness a catastrophic crash. He noted what needs to happen for the meme coin to avoid this significant price decline.
Cat-themed tokens are attracting market attention with several tokens making a bullish breakout in the last 24 hours. This surge in the meme coin class comes after larger assets have plummeted amid fears of a wider market correction.
The memecoin niche has been pretty crazy over these last few months. With market capitalizations in the billions, memecoins continue to be one of the main front-running niches for the crypto sector.
In the shadow of the Notcoin (NOT) rally fueled by in-game activities and rewards, some large meme coins yet again made it into the lists of the top performers. As all eyes are on Solana (SOL) again, Dogwifhat (WIF) outperforms all competitors in the mid-cap altcoin scene.
The broader sentiment around the tokens was bearish but not all indicators align with that viewpoint.
The market dynamics appear to have changed as the meme coins's strength has waned to some extent. These fluctuations have occurred very frequently in recent times, indicating the tokens have become more volatile. This could keep the trader's attention over the memecoins, which may prevent them from extending their descending trend.
Dog-themed cryptocurrencies like Dogwifhat (WIF), Floki (FLOKI), Shiba Inu Coin (SHIB), Dogecoin (DOGE), and Myro (MYRO) are gaining significant attention. These meme coins have demonstrated strong growth potential, with many targeting impressive 100X returns.
Popular Solana (CRYPTO: SOL) meme coin Dogwifhat (CRYPTO: WIF) is up 34% over the past seven days, allowing a trader to cash out their substantial gains. What Happened: On-chain analytics firm Lookonchain shared on Wednesday that the trader initially spent $5,879 to acquire 6.1 million WIF tokens on Dec. 8, 2023.
With the resurfacing of memecoins in the cryptocurrency industry, top tokens have recorded a strong bullish price action by adding significant valuation to their respective portfolios. Moreover, the Solana ecosystem's memecoins have regained momentum, resulting in them recording a bullish reversal.
The crypto prices today once again saw a highly volatile trading session, with Bitcoin and Ethereum witnessing attention-grabbing price fluctuations. ‘dogwifhat' (WIF) from the meme coins sector emerged among the top gainers, while NOT followed, continuing its pump today.
On a day when blue-chip currencies dipped lower, memecoins continued to show strength, led by Shiba Inu and dogwifhat. What Happened: Solana (CRYTPO: SOL)-based dogwifhat emerged as the market's third-largest gainer, and the best-performing memetoken in the last 24 hours.
Top cryptocurrencies may have slowed down—but memes are still on a run.
Prices in the meme coin sector have shown the potential to surge as investors in the traditional stock market turn to GameStop (GME). The GME stock price posted a modest rally from late last week from $17.50 to $23.33, Yahoo Finance data shows.
The memecoin market is experiencing a resurgence, with two canine-themed tokens, Floki (CRYPTO: FLOKI) and Dogwifhat (CRYPTO: WIF), leading the charge. Floki's Meteoric Rise Floki, a cryptocurrency inspired by the Shiba Inu breed and self-branded as the "Doge Killer," is embarking on its most ambitious marketing campaign to date.
The crypto market's first meme sensation and the largest meme token on Solana, Dogwifhat (WIF), continues to tear up not only the crypto space, but also the news headlines. This time it was due to the phenomenal price action of the meme cryptocurrency, which features an extremely cute Shiba Inu puppy wearing a knit cap.
Dog-themed tokens tend to move after rallies in video game retailer Gamestop, a so-called “meme stock.”
Altcoins surge higher than Bitcoin when the star token breaks out of range but at the same time undergoes an extended bearish pullback, sometimes higher than BTC price retrace.
Dogwifhat has been one of the most phenomenal meme coins to date, venturing well into the single-digit price range. Dogwifhat price saw an 8.3% surge in price in the past 24 hours, triggering renewed interest among crypto investors.
The meme coin sector is gaining traction again in the crypto markets because of its performance and remarkable growth. The top gainer for today, rising 21%, is Floki (FLOKI), which currently sits at $0.0002813.
Major meme cryptocurrencies have experienced substantial gains over the past 24 hours, according to CoinGecko data.
