dogwifhat
WIF, HNT, CORE, and PEPE boast over 40% in weekly gains
Published
4 months agoon
By
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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Binance memecoin listing 2024
80% of memecoins pumped after Binance listing in 2024
Published
2 weeks agoon
November 11, 2024By
adminThe 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.
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%.
Magazine: VonMises bought 60 CryptoPunks in a month before the price spiked: NFT Collector
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Altcoins
Trader Hints at Parabolic Rally to All-Time High for Solana Rival, Updates Outlook on PEPE and WIF
Published
1 month agoon
October 15, 2024By
adminA widely followed crypto strategist and trader believes that steep rallies are in store for one Solana (SOL) challenger.
Pseudonymous analyst The Crypto Dog tells his 829,200 followers on the social media platform X that layer-1 chain Sui (SUI) may be poised to witness huge bursts to the upside after printing a new all-time high (ATH).
With blue skies ahead for SUI, the trader thinks it is within the realm of possibility for the altcoin to go vertical.
“We gonna see a proper parabolic ATH break run?”
At time of writing, SUI is worth $2.32 slightly below its new all-time high recorded just hours ago.
Turning to the memecoin Pepe (PEPE), the trader thinks it is gearing up to take out its diagonal resistance and spark a new leg up.
“PEPE wants to start something.”
At time of writing, PEPE is trading at $0.00000962, still below the analyst’s diagonal resistance.
Looking at fellow memecoin dogwifhat (WIF), the trader thinks the altcoin needs to overcome one downward resistance line to ignite rallies to fresh all-time highs.
“ATH run?”
At time of writing, WIF is trading for $2.63, hovering close to the trader’s diagonal resistance.
As for Bitcoin, the trader says BTC is very close to witnessing a proper bull market.
“We break $63,500 it’s gonna be no items long only final destination.”
At time of writing, Bitcoin is worth $62,682.
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Altcoins
Trader Predicts Record High for Real-World Asset (RWA) Token, Updates Outlook on Solana, Fantom and dogwifhat
Published
2 months agoon
September 27, 2024By
adminA widely followed trader is leaning bullish on a mid-cap Real World Asset (RWA) token while offering his insight on three other altcoins.
The trader pseudonymously known as Sherpa tells his 223,600 followers on the social media platform X that the native token of the RWA blockchain MANTRA (OM) could go up by around 16% from the current level to hit a new all-time high.
“Still one of the better RWA options out there and has high float/less supply overhang and lots of financial backing behind it.”
OM is trading at $1.22 time of writing.
Next up is Solana (SOL). The pseudonymous analyst says that despite Solana proving to be a “slow mover” over the recent past after being outperformed by competitors such as Sui (SUI), he is still leaning bullish on it.
“I still think SOL is a good bet though.”
Solana is trading at $153 at time of writing.
Next up is the native token of the layer-one blockchain Fantom (FTM). According to Sherpa, Fantom has a bullish market structure and “still looks really good on higher time frames.” The pseudonymous analyst further says that the upcoming rebrand and upgrading of Fantom to Sonic (S) scheduled for November/December this year bolsters his bullish thesis for the altcoin.
“…this goes higher within the next few weeks.”
Next up is the dog-themed memecoin dogwifhat (WIF). Sherpa says that WIF “looks pretty strong overall” and would present a potential long opportunity on pullbacks.
WIF is trading at $2.22 at time of writing.
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