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WIF, HNT, CORE, and PEPE boast over 40% in weekly gains

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Dogwifhat, 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

4 crypto winners: WIF, HNT, CORE, and PEPE boast over 40% in weekly gains - 1
WIF price chart | Source: 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.

4 crypto winners: WIF, HNT, CORE, and PEPE boast over 40% in weekly gains - 2
HNT price chart | Source: CoinMarketCap

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.

4 crypto winners: WIF, HNT, CORE, and PEPE boast over 40% in weekly gains - 3
CORE price chart | Source: TradingView

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.

4 crypto winners: WIF, HNT, CORE, and PEPE boast over 40% in weekly gains - 4
PEPE price chart | Source: TradingView

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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Binance memecoin listing 2024

80% of memecoins pumped after Binance listing in 2024

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The cryptocurrency exchange Binance saw significant price increases for several memecoins listed on its platform in 2024.

On Nov. 11, pseudonymous onchain analyst Ai_9684xtpa posted on X that among the 15 memecoins listed by Binance in 2024, 12 saw significant increases in value after going live on the exchange. 

Memecoins like Moo deng (MOODENG), Dogwifhat (WIF) and Popcat (POPCAT) saw prices appreciate over 200% after their Binance listing, with the Neiro (NEIRO) memecoin pumping by almost 7,600% after going live on the exchange.

Memecoins listed on Binance in 2024. Source: Ai

While many of the listed tokens saw price increases, some experienced declines. Mog Coin (MOG), Myro (MYRO) and Book of Meme (BOME) all showed slight depreciation after their Binance listings. 

MYRO experienced a 33.25% price decrease, while MOG and BOME decreased by 11.78% and 1.28%, respectively.

Most listed memecoins are on Solana blockchain

The onchain analyst also highlighted that 60% of the memecoins listed on Binance in 2024 were based on the Solana blockchain. Another 26.7% were on Ethereum, with the remainder split between Binance’s BNB Smart Chain and the Base network.

Among the memecoins listed in the exchange, only five are available in spot and futures trading. The onchain analyst believes that Binance is relatively cautious on spot listings. 

Based on the data, the onchain analyst concluded that Binance does not seem to have a market value requirement for a memecoin listing. However, the analyst said that a common denominator between the memecoins is their popularity and communities.

Related: FTX bankruptcy estate files $1.8B lawsuit against Binance, CZ

Trump memecoins drop after election win

While the crypto market continues to show gains, Donald Trump-themed memecoins seem to have lost their appeal. 

On Nov. 7, Trump-themed memecoins collapsed after the president-elect’s victory in the United States presidential election. The MAGA (TRUMP) token tanked by 53% on Nov. 7, while the MAGA Hat (MAGA) memecoin dropped by 55%. Other Trump memecoins decreased in value by 50% to 75%. 

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