Dogwifhat (WIF), the third largest memecoin in crypto and the biggest on Solana, has had a unstable week alongside the broader market crash because the Israel-Iran battle flared up.
The Dogwifhat worth crashed to a brand new month-to-month low of $1.81 over the weekend, earlier than rebounding to simply over $3.14 on Monday. This restoration coincided with a report buying and selling quantity of 1.32 billion WIF that day, the best since its launch in November 2023.
High 10 Solana memecoins in keeping with quantity on DEX screener :
Dogwifhat – $WIF
Slerf – $SLERF
Jeo Boden – $boden
Pups – $pups
Cat in a canine world – $MEW
E book of meme – $BOME
We’re retards – $WAR
Dogwifhat – $WIF
Norman – $Norm
Einstein peace and love – #EINSTEIN
Peace coin -… pic.twitter.com/ZzprCpzfSl— Solana Submit (@SolanaNewsPost) April 14, 2024
This peak in buying and selling quantity was 28% larger than the earlier report of 1.04 billion WIF on March thirtieth, aligning with Dogwifhat’s all-time excessive worth of $4.95.
The elevated buying and selling exercise suggests robust entry by new traders and enhanced liquidity, which helps stabilize costs throughout market slumps.
OKX Itemizing Boosts WIF Value
The WIF token noticed a big bounce following OKX’s announcement that it will listing WIF and MEW tokens for spot buying and selling. This inclusion on one of many main cryptocurrency exchanges enhances WIF’s visibility and market liquidity.
Deposits for each tokens started at 10:00 AM on April 15, 2024, with WIF/USDT and MEW/USDT spot buying and selling beginning over the following two hours. Withdrawals then opened the next day. The endorsement of a well-regarded alternate like OKX usually bolsters investor confidence, possible growing WIF’s buying and selling quantity and worth.
OKX proclaims spot buying and selling for $WIF and $MEW memecoins!
You may Deposit Dogwifhat (WIF) & Cat in a Canine’s World (MEW) now pic.twitter.com/knh3ht2AGK
— @TheLordofEntry (@thelordofentry) April 15, 2024
Dogwifhat Value Prediction
As we speak, the WIF token is priced at slightly below $2.60, navigating a fragile market stability. Right here’s a breakdown of what meaning for potential traders:
- Pivot Level: $2.90 marks a vital juncture. Under this, the pattern may flip bearish.
- Resistance Ranges: Traders ought to look ahead to $3.40, $3.80, and $4.30. Surpassing these may point out strengthening momentum.
- Help Ranges: Important helps are at $2.30, $1.90, and $1.60. Breaching these may sign additional declines.
The Relative Energy Index (RSI) at 39 hints at a bearish sentiment however nearing oversold circumstances.
The 50-Day Exponential Shifting Common (EMA) stands at $3.10, reinforcing the resistance close to our pivot level.
Market Pattern: The presence of a bearish engulfing candlestick sample just under the $2.93 resistance and 50 EMA suggests potential promoting stress.
If WIF stays under $2.90, the market may see downward actions in the direction of $2.20 and even $1.90.
Conversely, climbing above $2.90 may pivot the sentiment to bullish, attracting extra consumers. Control these ranges as they are going to dictate the short-term course of WIF out there.
In his Dogwifhat worth prediction video above, widespread analyst Jacob Bury reviewed new Solana meme coin SLOTH.
Slothana ($SLOTH) – Subsequent Huge Meme Coin on Solana?
Slothana is shortly gaining traction inside the cryptocurrency neighborhood, merging the allure of sloth-themed tokens with the effectivity of the Solana blockchain.
This rising meme coin, crafted by a crew linked to the profitable Smog undertaking, is drawing consideration for its easy and interesting presale technique, which emphasizes the potential for speculative features with out delving into complicated tokenomics.
The preliminary section of the presale was a success, securing over 3,500 SOL (roughly $650,000) on its first day, pricing every $SLOTH at 10,000 per SOL. Because the presale progressed, enthusiasm has solely grown, with the full funds raised now exceeding $10 million.
With a presale countdown now added, simply 13 days stay for traders to take part earlier than Slothana formally launches.
Whether or not Slothana can replicate Dogwifhat’s success is but to be seen nonetheless its dwell market cap at launch might be roughly 0.5% of that of $WIF, which now stands at over $2.5 billion because it flipped Pepe to develop into the #3 meme coin.
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