ApeWifHat Price Prediction: APEWIFHAT Plummets 21% As This New Solana ICO Charges Towards $8M

The ApeWifHat price plunged 21% in the last 24 hours to trade at $0.00000005139 as of 3:30 a.m. EST on trading volume that skyrocketed 70% to $2.58 million.

Despite the correction, APEWIFHAT is still up 21% in the past week and a little more than 50% since launch after soaring by almost 700% at one point.

ApeWifHat Price Prediction

ApeWifHat was off to a good start post-launch, but ever since then, its price kept spiraling down. The market was simply bearish, but even so, ApeWifHat recorded several attempts at growth. Now, however, it seems that it has finally found its bottom at $0.00000004, and is ready to move back up from here.

Technical indicators suggest that this might be the case, as well. For example, Bollinger bands have seen widening earlier today, for the first time since late April 1.

This is typically a bullish sign that suggests that the price of a cryptocurrency might be preparing for a recovery. As can be seen on the chart below, the recovery has already started.

Another encouraging signal comes from ApeWifHat’s Relative Strength Index (RSI), which recently dropped down to the oversold zone, meaning that investors and traders have been selling consistently for some time, to the point where the buyers were in the minority.

Then, as both the RSI value and the APEWIFHAT price have dropped severely, traders moved back in to buy the token with its price reduced.

This started forming a bullish push that has already taken the RSI value up to a more neutral territory, currently at 45.21. Meanwhile, the price started to follow as well, although it still has plenty of room left to grow. If the buying power continues to grow, ApeWifHat could even see a new surge in days to come.

This could push its price back toward $0.0000001, which is a resistance that held it back in late March and the first two days of April before ApeWifHat hit the bottom.

Promising Alternatives to ApeWifHat

While ApeWifHat was a huge hit upon launch, right now the industry is seeing the meme coin sector buoyed by another newcomer that is currently still in presale. The project, known as Slothana (SLOTH), saw an exceptional fundraising in a very short amount of time.

Slothana has raised $7.76 million in about 10 days and is now moving rapidly toward the next milestone of $8m. According to its platform, each SOL token will allow investors to receive 10,000 SLOTH tokens.

🌿🦥 Wow! Sloth's jaw is dropping at the SOL flooding in from our slovenly supporters! 😱 What a bunch of lazy legends! Let's take Slothana to the moon! 🚀 And remember, only send from your onchain wallets – Sloth can't airdrop to exchanges!💸🙅‍♂️ #Slothana #MemeCoin #LazyLegends

— Slothana (@SlothanaCoin) March 28, 2024

Meanwhile, on X, Slothana saw its follower count reach the 10k mark, currently sitting on roughly 10,300 followers, and counting. It’s started engaging with the community already, allowing them to vote on a poll regarding whether its token, SLOTH, should launch only on DEXes or to go on both DEXes and CEXes.

So far, the majority (77.1%) voted to go for both. Given that there were over 5.77k voters, the path ahead is clear, and Slothana will seek to launch SLOTH on both centralized and decentralized exchanges.

It should be noted that Slothana is based on Solana’s network, and as such, it is contributing to its rapidly growing meme coin sector, which has been the talk of the crypto industry over the past few months.

The developer has not yet revealed how long the presale is going to last, so interested investors should buy now before the tokens are sold out.

Visit the SLOTH presale here.

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