Dogecoin vs. WIF – How the memecoin climbed by 16% to stake its claim
DOGE bulls capitalized on the "dip" in the previous cycle, delivering a surprising defeat to WIF.
Keep up with what's happening in the crypto world in real-time.
DOGE bulls capitalized on the "dip" in the previous cycle, delivering a surprising defeat to WIF.
It has come to light, thanks to an observation by prominent crypto analyst Ali Martinez, that popular meme cryptocurrency dogwifhat (WIF), based on Solana, could be forming a rising wedge pattern.
A widely followed analyst and trader is offering his outlook on Bitcoin (BTC) and two memecoins amid a bounce in crypto prices. The analyst pseudonymously known as Bluntz tells his 284,000 followers on the social media platform X that Bitcoin could experience a correction before trending higher.
A crypto strategist is warning meme tokens Pepe (PEPE) and dogwifhat (WIF) are now in prime spots to witness deep corrective moves. Pseudonymous trader Credible Crypto tells his 425,900 followers on the social media platform X that he's leaning bearish on PEPE.
With Bitcoin (BTC) potentially at the point of rejection, the rest of the cryptocurrencies could become a difficult hold, at least in the short to medium term. At the top of the risk curve, memecoins are even more perilous.
The cryptocurrency market continued its strong start to the week, with almost all major cryptocurrencies in positive territory. Bitcoin (BTC) is up over 2% in the past 24 hours and briefly climbed above $66,000 before dropping to its current level of $65,500.
Solana meme coins are rising in dominance, challenging those minted on Ethereum and even the first of them all, Dogecoin. While Dogecoin is the most valuable, it increasingly faces stiff competition from Pepe and Shiba Inu.
A widely followed crypto strategist and trader believes that steep rallies are in store for one Solana (SOL) challenger.
Bitcoin's range-bound action looks set to continue, but SUI, APT, TAO, and WIF could rally higher over the coming days.
The Solana-based dogwifhat (WIF) is an emerging memecoin that has gradually gathered investors' attention with high momentum rally and whale movement. This community-driven token features a Shiba Inu dog wearing a pink knitted hat.
Bitcoin's price has shown resilience by staying just above the $62,000 mark, despite uncertainty in the market. Minor fluctuations have kept the price within a predictable range, while traders and investors await a potential breakout. The key resistance level remains at $65,000, a psychological threshold that could signal new upward momentum if breached.
Cryptocurrency Prices Today, October 11: The broader market on Friday witnessed mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price continued trading along the $60K level, whereas Ethereum (ETH), Solana (SOL), and XRP prices traded in the green territory.
Bitcoin (BTC) slipped below $61,000 earlier today and is down almost 3% over the past 24 hours as it struggles to maintain its position above $60,000. According to analytics firm Santiment, the crypto market has turned bearish, which has impacted several assets, including BTC, Ethereum (ETH), Solana (SOL), and Ripple (XRP).
The market capitalization of meme coins is trading sideways over the last 24 hours, with a majority of established memes like Shiba Inu (CRYPTO: SHIB), Pepe (CRYPTO: PEPE) and Dogwifhat (CRYPTO: WIF) failing to back up their September gains. What Happened: Crypto trader Unipcs highlighted that despite the hype around newer coins, established ones like Dogecoin (CRYPTO: DOGE), Shiba Inu, Floki (CRYPTO: FLOKI), Bonk (CRYPTO: BONK), Dogwifha, and Pepe are poised for a significant rally.
Memecoins are up today and have strongly outperformed the entire crypto market over the last month.
The altcoin space has remained calm in the recent past, with most projects signaling imminent bullish breakout after consolidating in the past seven months. The crypto cash rotation will be favoring the altcoins in the near term after Bitcoin's (BTC) price dominated the past year.
As markets brace for the release of FOMC minutes, meme coins are experiencing a surge in activity, with DogWifHat (WIF) and SPX6900 (SPX) leading the charge. Additionally, Sui is witnessing a significant influx of trading volume.
Several altcoins, including Dogwifhat, Worldcoin, and Zcash, posted gains, as Bitcoin eyes the critical resistance near $64K.
There is a growing shift in the meme coin ecosystem, with new entrants like NEIRO competing with old guards like Dogecoin (DOGE) and Shiba Inu (SHIB). Current liquidation data hints at where most investors' bets are, underscoring why a major flip is likely soon.
Why are newer memecoins outperforming the original giants like Dogecoin and Shiba Inu?
Bitcoin's price regained its footing by pushing toward $64,000 but it was meme coins that took center stage today.
Memecoins erupted Sunday, with major coins topping the daily cryptocurrency gainers list. What happened: Dog-themed token dogwifhat soared more than 16%, becoming the second-best performing cryptocurrency in the last 24 hours.
Bitcoin's recovery above $62,000 is having a positive impact on altcoins, boosting prospects of a rally in APT, WIF, FTM and BGB.
The estimates predict significant increases: what do the experts say about the future of the tokens?