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Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the key $70,000 level on Monday. Ethereum (CRYPTO: ETH) also recorded losses, falling below the key $3,600 mark this morning.
Anatoly Yakovenko, the co-founder of Solana Labs, expressed his skepticism about the idea of meme coins contributing to public good. His comments come amid the meteoric rise of Solana (CRYPTO: SOL) based meme coins like Dogwifhat (CRYPTO: WIF) and Bonk (BONK).
Here is how some of your favorite assets concluded the week.
Amid the pale performance of major "serious" segments, large-cap meme coins are surging again. One mid-sized meme crypto on the Base blockchain quadrupled in the last seven days.
In the wake of Dogwifhat's meteoric ascent to crypto market's top, Anatoly Yakovenko, one of the founding figures behind Solana, has broken his silence on the phenomenon of meme coins. Yakovenko took to social media to address the growing trend, offering insights into his perspective on the controversial tokens.
Crypto Price Prediction: The Easter holiday triggered a minor uptick in the cryptocurrency market with the leading assets Bitcoin and Ethereum witnessing a jump of 1-3%. This week has been high volatility for a majority of major cryptocurrencies creating a narrow range as a sign of no clear dominance of buyers and sellers.
WIF has been outperformed by only one asset on a weekly scale.
PEPE's price increased in the last 24 hours, giving some comfort to the memecoin's investors.
User activity on Solana has climbed to a two-year high after memecoins on the network went on a bull run.
Additionally, a senior analyst mentioned that the likelihood of an Ethereum ETF approval by May has decreased by 50%. Meanwhile, in the world of cryptocurrencies, particularly in the meme coin arena, FLOKI appears to be gaining ground on dogwifhat in terms of market size.
In the crypto world, envisioning price movements can often feel like navigating uncharted waters. However, keen observers of market indicators and historical patterns can sometimes reveal clues to potential future trends.
The cryptocurrency market is currently witnessing a significant bullish trend, with Dogecoin (DOGE), Shiba Inu (SHIB), and Myro (MYRO) leading the charge. These three coins are seen as major competitors to Apt Dogwifhat (WIF) rivals and are poised to generate substantial returns this April.
The top crypto prices today registered a mixed action as the Bitcoin (BTC) price inched closer to drop below the $70,000 level. In addition, the Ethereum price neared a dip lower than the $3,600 mark.
Memecoins are again in the spotlight as some of the most popular dog-themed tokens performed remarkably during this bull cycle. Dogwifhat (WIF), Floki Inu (FLOKI), and Dogecoin (DOGE) have done impressive numbers this month.
In the ever-evolving world of cryptocurrencies, meme coins have emerged as a popular and often lucrative investment option. Among the most prominent memecoins are Dogecoin, Shiba Inu, and the newcomer, Dogwifhat.
Solana's fashionable Dogwifhat coin forced Pepe to step down for the third largest memecurrency status.
Meme coins, often inspired by internet memes or popular culture, have generally gained massive popularity in recent times.
WIF is currently the 40th-largest cryptocurrency.
Experiencing a meteoric rise, the Solana-based meme coin has achieved a remarkable feat, becoming the third-largest meme coin by market capitalization, following in the footsteps of Dogecoin and Shiba Inu.
Meme token Dogwifhat (WIF) maintained solid uptrends over the past sessions amid retail FOMO. The alt climbed towards the $4 price mark early on Friday. The impressive price surges pushed WIF's market cap toward $4 billion, surpassing PEPE to become the third-largest themed token by value.
Dogwifhat (WIF), the meme-inspired cryptocurrency, made waves in the market by surpassing PEPE to claim the title of the third-largest meme coin in the crypto market. With its price rallying to $4, Dogwifhat's market capitalization now stands at an impressive $4 billion, positioning it just behind leading meme tokens DOGE and SHIB.
Viral Solana-based meme coin dogwifhat (WIF) is up roughly 17% over the past 24 hours, according to data provided by CoinGecko.
WIF now has the third-largest market capitalization in the memecoin market after DOGE and SHIB.
WIF touched the $4 mark early Friday before retreating as the meme coin sector showed the most volatility in a little-changed market.
