New Solana meme token sees 1,200% surge following Dogwifhat performance
A new meme token called DogWifCat on Solana is up over 1,200% in the last 24 hours.
Keep up with what's happening in the crypto world in real-time.
A new meme token called DogWifCat on Solana is up over 1,200% in the last 24 hours.
The cryptocurrency industry continues to display significant price volatility as top tokens constant to record constant fluctuations in their respective portfolio. Moreover, the rise of investor's interest in memecoins regains momentum as top tokens from this category display an upward trend.
The one-day chart of BONK was bullish, but prices were hovering above the 78.6% Fibonacci retracement level.
The euphoria around meme cryptocurrencies on the Solana (SOL) blockchain seems to be losing its momentum. In the last seven days, almost all of them witnessed double-digit losses.
Meme coins surged for impressive gains year-to-date, dominating most of the cryptocurrency market's top performances in 2024. However, the results cooled down in the past week while cryptocurrencies faced a major correction, threatening further losses.
Our assessment of the market shows a change in dominance. Will prices continue to climb?
The crypto industry has displayed a positive uptrend for the first time this week, indicating increased demand for crypto tokens. Moreover, the market leader, Bitcoin price, has recorded a jump of over 10%, resulting in major altcoins recording a significant bounce back in the chart.
Solana social trends are going parabolic as native tokens like WIF, BOME and BONK dominate the global memecoin charts. Will it drive SOL price to $250?
After a turbulent week for Solana memecoins, many major Solana memecoins like WIF, BONK, SLERF posted losses.
Dogwifhat (WIF) stands out as one of the most prominent meme coins within and beyond the Solana ecosystem. Currently priced at $2.53, WIF has surged by 32% over the past week, solidifying its position atop Solana's memecoin charts.
Unless something changes, AMBCrypto's analysis shows that an opportunity lies in the downturn.
Solana's memecoins have recorded massive gains following recent events in the cryptocurrency market. As bullish pressure mounts across Bitcoin (BTC) and altcoins, memecoins have also posted increased inflows since Q4 2023.
The memecoin craze on the Solana (CRYPTO: SOL) blockchain appears to be hitting a rough patch, with popular memecoins losing substantial gains over the past 24 hours. What Happened: Meme coin BOME saw its price plummet by nearly 50% in the past 24 hours, pushing its market capitalization below $500 million.
The trading volume on Solana's blockchain skyrocketed to its highest level in over two years on March 15. Surprisingly, meme coins such as Slerf, Boom of Meme, Snap, and Dogwifhat led the activity on decentralized exchanges, overshadowing Ethereum. Slerf, a sloth-themed token alone amassed nearly $2,7 billion in trading volume in the last 24.
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the key $64,000 level on Tuesday. Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $3,300 mark this morning.
Shiba Inu is not the only meme coin in the spotlight. Check out which other tokens of that type can make waves this month.
Against the background of the recent surge in popularity and the price of meme coins like Shiba Inu (SHIB), Dogwifhat (WIF) and BOME, Ki Young Ju, CEO of CryptoQuant, has voiced concerns about their harmful impact on the cryptocurrency industry. According to Ju, such cryptocurrencies, characterized by their viral marketing and speculative nature, pose a threat to the legitimacy and progress of the crypto sector.
Just a week or two ago, meme coins were in the most profit, leaving the rest of the altcoins behind. The term “meme season” was adopted by the community to celebrate the massive price jumps for meme coins.
As the overall market volatility starts from last Tuesday's dip, the meme coin sector is on a similar rocky road. Amidst such choppy market behaviors, Solana-based meme coins are struggling to come back from the recent hiccup.
The crypto market is soaring higher, but there are certainly plenty of cryptos to sell for investors wary of too much speculation right now.
OKX is not listing recent Solana memecoins BOME, DogWifHat, unlike Binance. A recent tweet by the founder likely explains why.
The South Korean parents of the pup featured in the Dogwifhat meme, Achi, will take home some $4.1 million from the NFT sale.
The photo inspiration for Solana's viral memecoin Dogwifhat was bought as an NFT by the same trader who won a $10 million bet against Terraform founder Do Kwon.
Avalanche (AVAX) and DogWifHat (WIF) don't like the slow pace of today's market and have spiked more than 10% in the last 24 hours.
