The memecoin market has experienced a strong bullish reversal as Bitcoin price today successfully holds its value above the $100k mark. While top meme coins like DOGE price and SHIB price experience stable growth, the Bonk memecoin has recorded double-digit growth.
Prominent crypto trader Unipcs has argued that Solana (CRYPTO: SOL) flipping Ethereum (CRYPTO: ETH) this cycle is a real possibility, citing metrics and momentum as reasons for his thesis. What Happened: Unipcs contends that Solana has outperformed Ethereum in transaction volume and on-chain activity, positioning itself as a leader in blockchain adoption.
De bekende Solana meme coin, dogwifhat (WIF), is vandaag met zo'n 8% gestegen naar $1,85. Momenteel ligt hij onder een sterke resistance, maar als hij hier bovenuit weet te breken, kan de meme coin met nog eens 50% stijgen.
Dogwifhat's (WIF) price has surged over 8% in the last 24 hours despite being down 36% over the past 30 days. As the sixth-largest meme coin, it remains a significant player in the market.
WIF rebounded from the $1.35 support, just like other cryptos across the market.
The BONK price movements have brought it close to a critical support level, and its reaction could make or break its price trajectory from there. A detailed technical analysis on the TradingView platform suggests that the cryptocurrency's current setup could lead to either a bullish breakout to retest its all-time high at $0.00005825 or a further decline below $0.00001497, depending on how price action unfolds in the coming days.
Dogwifhat (WIF), a popular Solana-based meme coin, is showing signs of reversing its prolonged downtrend, which began in December 2024. After experiencing a drop of over 60%, WIF has formed a bullish price action pattern on its daily time frame and is poised for a massive upside rally.
Cryptocurrency prices rose on Wednesday as US CPI data buoyed markets, with Bitcoin surging to above $100k. XRP reached $3 for the first time since 2018. Ethereum also climbed to reach prices above $3,450. Meanwhile, Binance coin BNB, meme coin dogwifhat and proof-of-work coin Kaspa broke higher. While BTC has dipped to near $99.
Check out some of the potential factors fueling the resurgence in the meme coin niche.
Major coin holders are turning their attention to Catzilla, a rising meme coin that's sparking curiosity and speculation about its potential in the crypto world. #partnercontent
The PENGU meme coin, currently in a tight race with Bonk (BONK), has crossed a $2 billion market cap, but its ADX and RSI indicators show mixed signals.
Traders online are scrutinizing the fundraising project done to raise $650,000 to put the dogwifhat icon on the Las Vegas Sphere due to inactivity.
BONK could soar by 30% to reach the $0.000035 if it holds the $0.000025 level.
PENGU price has surged more than 9% in the last 24 hours, reclaiming the $2 billion market cap threshold. This rally solidifies its position as the second-largest meme coin on Solana, trailing BONK closely in a fierce competition for the top spot.
Market skepticism is growing as WIF faces challenges from bearish metrics and declining engagement.
Sentiment analysis showed predominantly bearish market participants since late November.
As Bitcoin (BTC) hits its lowest level since mid-November, major meme cryptocurrencies are on the list of the worst performers in the last 24 hours. Meanwhile, the liquidation tsunami erased over half a billion in crypto positions.
The Chaikin Money Flow is in the negative region suggesting BONK is in a distribution phase.
dogwifhat (WIF) price has experienced a sharp decline, falling roughly 15% in the last 24 hours and dropping below $1.60 for the first time in four months. This recent dip adds to a 47% loss over the past 30 days, reflecting significant bearish momentum in the market, with multiple of the biggest meme coins dropping more than 10% in the last 24 hours.
For those who believe in a continuance of the crypto bull market, and specifically as it pertains to memecoins, some of the crowd favourites (DOGE), (PEPE), and (BONK), are down at major support levels. Is now the time to buy?
Bonk has dived by 14% in the past 24 hours, falling to $0.00002959 as the crypto market drops by 8% in response to positive US economic data. The post Why Is BONK Crashing? Major Losses Hit Meme Coins as Bitcoin Drops Below $100K appeared first on Cryptonews.
Dogwifhat price crashed below the key support at $2 this week, mirroring the performance of Bitcoin and other Solana meme coins. Dogwifhat (WIF), one of the largest meme coins on the Solana network, tumbled to a low of $1.
As Bitcoin (BTC) fails to hold above $100,000 for the fifth consecutive try, the cryptocurrency market plunged by 8.3% in a few hours. Here's why meme coins suffer the most while some of them are already back to surging.
dogwifhat whale has purchased 7.25 million WIF tokens worth $13.34 million as WIF dips by 10.74%.
Support for the meme coin segment is now stronger than before with a mysterious crypto whale wallet proceeding to purchase the likes of WIF, POPCAT, and other meme coins in large numbers. Solana meme coins are gaining traction across the crypto sphere even though the price change in the last 24 hours remained bearish.
Bitcoin (BTC) plummeted below $100,000 as the crypto markets witnessed a significant drop on Tuesday, driven by stronger-than-anticipated economic indicators that could delay Federal Reserve rate cuts. BTC was trading above $100,000 since January 6, when it reached an intraday high of $102,464.
Dogecoin is facing a tough day, having dropped almost 10% in the last 24 hours.
PENGU price has dropped roughly 10% in the last 24 hours after becoming Solana's biggest meme coin. Despite its recent popularity, the asset's momentum has slowed, with technical indicators suggesting potential consolidation or further downside.
Solana meme tokens attracted more buyers in the past two weeks, showing both demand and conviction in the top cult tokens.
Influential millionaire trader Unipcs has shared strategies for building conviction and navigating extreme volatility in meme coin trades. What Happened: Recapping an interview with crypto exchange Bybit on Jan. 7, Unipcs emphasized that meme coins rarely rise in a linear fashion; instead, they experience cyclical patterns of sharp pumps and deep corrections.
BONK, the popular Solana-based meme coin, is poised for a massive rally as its price action, recent market sentiment, and continuous token accumulation support its bullish outlook. As of today, January 7, 2024, BONK, with all this bullish momentum, has outperformed major meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and others.
As Bitcoin (BTC), the largest cryptocurrency, is making another attempt to conquer the $100,000 level, dozens of altcoins are losing their value. Popular meme cryptocurrencies are on the list of the worst performers, yet some new cryptos in this sphere have entered the top 100.
As the cryptocurrency segment is recovering from the mediocre start of 2025, the largest meme coins are yet again in the spotlight. Their sentiment inspires double-digit rallies that can only compete with mid-cap altcoins with solid tech accomplishments.
One of the most renowned dog-themed meme coins, BONK, again emerged on crypto traders' and investors' radars on Saturday as it witnessed remarkable price gains against the backdrop of renewed market interest. Notably, BONK price soared roughly 15% intraday, primarily attributable to highly bullish market dynamics.
Economist Henrik Zeberg has made a bold prediction for the Solana-based memecoin Dogwifhat (WIF), suggesting that it could see a massive price surge of up to 840%, potentially reaching as high as $19 from its current price of $2.02.
Cryptocurrency prices today show strong bullish momentum, with Bitcoin rallying to $98K from $92K in a single surge as it marks its 16th anniversary. Internet Computer (ICP) and EOS emerged as top gainers, each recording a 15% price jump over the last 24 hours.
Economist Henrik Zeberg says that the Solana (SOL)-based memecoin dogwifhat (WIF) is mirroring Bitcoin's (BTC) setup from November. In a new post on the social media platform X to this 172,200 followers, Zeberg says WIF could leap to the $19 range.
BONK is positioned to benefit from the next bull run as the asset is in an accumulation phase.
For meme coin projects, 2024 was a year of tremendous volatility, characterized by sharp declines, quick expansion, and well-publicized scandals.
Short traders of two of the market's top meme coins have been stunned by liquidation imbalance in the last 24 hours. Notably, PEPE, born on the Ethereum blockchain, and dogwifhat (WIF) on Solana have recorded differences in short trade positions.
AI16Z has achieved a $2.581 billion market cap and set a new benchmark for AI-powered tokens on Solana.
Positive funding rates show that long traders are willing to pay a premium to maintain their positions.
This year was filled with wins and woes for meme coin investors and enthusiasts alike. From shocking rug pulls to the rise of AI-driven meme coins, these tokens did not disappoint in fulfilling this volatile crypto market's high-risk, high-reward profile.
The memecoin niche is almost the forgotten sector as most are down 50% and more from the highs. However, Pepe ($PEPE) looks to be staging a breakout, while Dogecoin ($DOGE) and Bonk ($BONK) bulls are attempting to turn their fortunes around.
While the entire cryptocurrency segment is in the middle of a modest correction, the meme cryptocurrency segment has taken a hit. Its daily performance looks even weaker compared to the market benchmark, but ambitious newcomers bring some optimism.
Bitcoin (BTC) looks set to end 2024 below the $100,000 mark unless a major bump in price occurs before the year ends. The cryptocurrency spent most of the weekend hovering just above $95,000.
One of the standout performers of 2024, WIF could have a really exciting 2025 ahead!
Bonk has retaken its position as Solana's leading meme coin, reaching a market capitalization of $2.5 billion. The recent surge was after a community-driven token burn and price increase.