dogwifhat
WIF, HNT, CORE, and PEPE boast over 40% in weekly gains
Published
2 months agoon
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adminDogwifhat, Helium, Core, and Pepe have emerged as the top gainers in the crypto market over the past week. Each token experienced a price surge exceeding 40%.
Dogwifhat
Dogwifhat (WIF) is up over 50% for the past seven days, exchanging hands at $2.56 at the time of writing.
The crypto assets had a daily trading volume of $311 million, while its market cap had surpassed the 2.55 billion mark per data from CoinMarketCap
Despite lacking any clear utility, WIF — the dog-themed meme coin based on Solana — has become one of 2024’s top-performing meme coins.
Its website humorously notes that it is “literally just a dog wif a hat.”
The WIF token has outperformed other well-known meme coins like Shiba Inu and Pepe Coin in terms of price gains. In March, supporters swiftly funded a campaign to project the Dogwifhat image onto the Las Vegas Sphere, surpassing their fundraising target within days.
Helium
Helium (HNT), a blockchain network aimed at the Internet of Things (IoT), surged by 47.8% over the past week and is now trading at $4.70.
With a market cap of about $756 million, Helium ranks 92nd in global cryptocurrency rankings by market cap, as reported by CoinMarketCap, and has a trading volume of approximately $8.6 million.
Helium is a pioneering blockchain network designed to enable wireless communication for IoT devices globally.
Created by Helium Inc., which was established in 2013, this network offers a decentralized, cost-effective, and scalable connectivity solution.
Rather than depending on centralized infrastructure like traditional telecom services, Helium’s unique approach allows individuals to become network hosts by running Hotspots—specialized hardware devices that offer coverage and transmit data for IoT devices.
In exchange for their participation, hosts receive Helium tokens (HNT), thereby encouraging the expansion and density of the network.
Core
Core (CORE) saw a 47% increase over the past seven days. According to price data from crypto.news, CORE is currently priced at $1.64, with a 62.9% rise in daily trading volume to around $115 million.
Currently, CORE’s market capitalization is valued at $1.47 billion. Despite the recent upswing, the token’s price is still 75% lower than its all-time high of $6.47, recorded on Feb. 8.
Core operates as a decentralized digital payment system on its dedicated blockchain network. It employs a proof-of-work protocol to validate transactions and to mine new coins. The cryptocurrency is designed with a focus on privacy, supporting anonymous transactions through sophisticated cryptographic methods.
As an open-source project, Core’s development is supported by a worldwide community of volunteer developers.
This digital asset is used for direct peer-to-peer transactions, is stored in crypto wallets, and is available for trading across various digital asset exchanges.
Pepe
Pepe (PEPE) rose 40% over the past day, trading at $0.000012 at press time. Its daily trading volume hovers at around $614 million over the last 24 hours.
The PEPE market cap stands at $5.16 billion, ranking it as the 22nd largest cryptocurrency.
Pepe, an Ethereum-based token that debuted on April 15, draws inspiration from the popular meme culture. It aims to capitalize on the meme coin trend, leveraging the widespread recognition of its amphibian mascot. This approach has resonated well with traders and investors, elevating the token’s profile in the cryptocurrency market.
Designed as a deflationary token with no tax implications for transactions, Pepe seeks to carve out a significant position among established meme coins like Shiba Inu and Dogecoin. The token’s association with the well-known “Pepe the Frog” meme is central to its strategy to attract a broader user base.
Bitcoin climbs 12% in strong recovery
The overall surge in these altcoins followed Bitcoin’s (BTC) 12% rise over the past week, reaching $67,180 on Sunday. Bitcoin’s 24-hour lows and highs were $66,640 and $67,567, respectively.
Yesterday, the world’s largest cryptocurrency attempted to breach the $68,000 mark but faced resistance, leading to a premature halt in the rally by bearish traders.
Despite this setback, BTC’s strong performance over the week has positively influenced the broader cryptocurrency market sentiment. The sentiment has shifted from Fear to Greed, with the Greed index rising sharply to 74, a significant increase from last week’s score of 33.
Meanwhile, the global cryptocurrency market cap also witnessed a 1.42% increase over the last day, elevating to a total of $2.43 trillion.
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Altcoins
Trader Updates Outlook on Altcoin That’s Exploded Over 4,100% in Nine Months, Maps Path Forward for dogwifhat
Published
2 weeks agoon
September 5, 2024By
adminA widely followed cryptocurrency analyst and trader is offering his take on a real-world asset (RWA) project that’s skyrocketed by over 40x since December of 2023.
The trader pseudonymously known as Sherpa tells his 222,500 followers on the social media platform X that the RWA blockchain MANTRA (OM) is a “strong project.”
“OM still is in the same trading range and has held up way better than most other altcoins. I’m still in this one as a RWA bet for this cycle and I think that we’ll still see some more chop for a bit before the next leg up.”
At time of writing, OM is trading at $0.968, up by around 4,108% since the December 4th low of $0.023.
Next up is the Solana-based memecoin dogwifhat (WIF). The widely followed analyst says that the Solana-based memecoin is in a “decent” support zone but is unlikely to surge to a new all-time high “any time soon.”
“Guessing we still see more chop and consolidation around this area [between $1.44 and $1.96]. Best to be patient.”
At time of writing, WIF is trading at $1.48, around 70% below the all-time high price of $4.83 reached in March.
Next up is the layer-one blockchain Injective (INJ). According to Sherpa, INJ’s chart on the daily time frame appears bearish with no end in sight.
“Lower highs across the board. Should bounce *somewhere* but I don’t know where the real bottom is. Personally, I doubt it reaches former all-time high this cycle but I could be wrong.”
At time of writing, INJ is trading at $15.98, about 70% below the all-time high of $52.62 reached on March 14th.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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cryptocurrency
WIF leads meme coin rally with 12% surge
Published
2 weeks agoon
September 3, 2024By
adminSolana-based meme coin dogwifhat has jumped 12% and has ranked as the top gainer in the market today.
At the time of writing, dogwifhat (WIF) was still up 11.5%, trading at $1.58 per price data from crypto.news. The crypto asset’s daily trading volume was hovering around $598 million while its market cap had risen to $1.58 billion. Following the latest price increase, the dog-themed meme coin has taken 55th place among the cryptocurrencies by market cap.
WIF’s recent surge is fueled by the recent whale accumulation of Dogwifhat tokens, with one whale acquiring over 9.57 million WIF tokens, worth $13.59 million, within just four days. Another whale used 1.4 million USDC to purchase 643,832 WIF tokens, making them the largest holder with 28.66 million tokens. Thie trend indicates growing investor confidence in WIF’s potential rebound, even after a 67% drop in value over the past year.
WIF remains the fourth-largest memecoin by market capitalization and the top Solana-based memecoin.
Data from Coinglass reveals that WIF’s total open interest jumped by 12.7% in the last day, increasing from $187.97 million to $211.8 million, reflecting growing trader engagement and anticipation of potential price movements.
Data from the market intelligence platform also shows that WIF’s aggregated funding rates are currently at -0.0015%, signalling a bearish sentiment among traders regarding WIF’s price outlook.
WIF’s current price positions it near the middle Bollinger Band, around $1.58, which often acts as a dynamic support or resistance level. Meanwhile, the MACD line has recently crossed above the signal line, suggesting a possible bullish momentum shift.
If the price is sustained above the middle band, it could attempt to move towards the upper Bollinger Band at around $1.90. However, if the price fails to hold above this middle band, it may face further consolidation or a pullback toward the lower band around $1.25.
Meanwhile, a descending triangle emerged between late July and August, characterized by steadily declining highs and a firm support level. This formation typically hints at a potential bearish breakout, especially if the price breaches the established support line.
WIF’s recent price surge aligns with a broader uptick in the meme coin market, which has increased by 5.7%, reaching a total valuation of $ 40.6 billion over the past 24 hours. Alongside WIF, other notable meme coins like Pepe (PEPE), Bonk (BONK), and Brett (BRETT) have also seen gains, rising by 5.7%, 6.6%, and 4.3%, respectively.
Meanwhile, the global crypto market has also experienced a 1% surge, bringing it to a total valuation of $2.16 trillion. Bitcoin (BTC) is also in the green, up 2.1%, and it is exchanging hands at $58,895.
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Altcoins
Largest Dogwifhat (WIF) Holder Continues Aggressive Accumulation of Solana’s Top Memecoin: Lookonchain
Published
4 weeks agoon
August 26, 2024By
adminThe largest non-exchange holder of Solana (SOL)-based memecoin dogwifhat is continuing to accumulate WIF, according to on-chain data.
Blockchain tracking firm Lookonchain says the Solana address that begins with “mmEAfW” has recently accumulated hundreds of thousands of WIF.
“The largest holder of WIF spent 1.54 million USDC to buy 800,556 WIF at $1.92 again!
This whale currently holds 28 million WIF ($53.23 million), and the profit on WIF has exceeded $77 million!”
Last week, Lookonchain shared a chart showing the whale’s accumulation process, buying aggressively during the run-up in March before offloading profits in April and May and then slowly reaccumulating again now.
At time of writing, WIF is trading at $1.86.
Lookonchain also spotted another whale over the weekend depositing massive amounts of Bitcoin (BTC) into Binance, the largest crypto exchange in the world, presumably to sell on the open market.
According to the blockchain tracker, the whale made millions of dollars in profits after months of holding BTC.
“A whale deposited 590 BTC ($38 million) into Binance to sell after the BTC price rose, making more than $15 million!
This whale bought 590 BTC ($22.7 million) from Binance at an average price of $38,472 on Oct 20, 2023, Feb 21, and April 16, 2024.
Address:
18Txv4w4J31Un1gHBnxd6mPdNrkMaSvrJJ”
At time of writing, Bitcoin is trading at $64,145.
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