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The Dogwifsaudihat price dipped 60% in the past 24 hours to trade for $0.000198 as of 01:41 a.m. EST on trading volume that plunged 59% as traders cash in on gains made over the weekend.
Following the successful conclusion of the fourth Bitcoin halving, altcoins rallied with some meme coins posting double-digit returns.
Why Meme Coins Benefited The Most From The Bitcoin Halving
Meme coins are viewed as highly speculative investments, as their prices tend to be driven by hype and speculation as opposed to underlying fundamentals. Following the Bitcoin halving on April 20, there was increased excitement in the crypto market.
This amplified the speculative behavior of traders around altcoins, leading to rapid price movements in meme coins. The sector’s market capitalization soared 10% following the halving, to almost $54 billion only to retrace a fraction of a percent in the past 24 hours.
Meanwhile, WIFSA has merited a position among CoinMarketCap’s top crypto coins on Monday, alongside PEPE, IOTA, and BTC.
Today’s top crypto coins at @CoinMarketCap 🤩$BTC $WIFSA $VOXEL $MERL $PEPE $IOTA $SOL $HOOK $ONDO $AEVO
𝙴𝚊𝚛𝚕𝚢 𝚋𝚒𝚛𝚍𝚜 𝚐𝚎𝚝 𝚝𝚑𝚎 𝚌𝚛𝚢𝚙𝚝𝚘𝚠𝚘𝚛𝚖𝚜! 🐛 #𝙵𝚘𝚕𝚕𝚘𝚠 𝚞𝚜 𝚝𝚘 𝚍𝚒𝚜𝚌𝚘𝚟𝚎𝚛 𝚑𝚒𝚍𝚍𝚎𝚗 𝚐𝚎𝚖𝚜 𝚋𝚎𝚏𝚘𝚛𝚎 𝚝𝚑𝚎𝚢 𝚎𝚡𝚙𝚕𝚘𝚍𝚎! 💎🚀 pic.twitter.com/gGXIyO3EWF
— Crypto Tracker (@CryptoTrackify) April 22, 2024
This position has sparked controversy, with one community member @lightspeedmoney, saying, “Why is this trash even in the trends? For dropping almost 100% in just a few days?”
Elsewhere, another user has demonstrated optimism for the meme coin as it records almost 1X leverage on MEXC exchange’s futures trading. Anticipating more exchange listings to come, the user notes, “More exchanges on his way, soon getting listed.”
Meanwhile, it is imperative that investors understand the volatile nature of the meme coin market. It is for this reason that they are frequently undervalued despite strong communities. Caution is important when dealing with meme coins.
Dogwifsaudihat Price Outlook As WIFSA Holders Take Profits
The Dogwifsaudihat price remains range-bound, moving horizontally. It remains at the bottom of the market range, stuck between the 78.6% Fibonacci retracement level and the bottom of the range at $0.000570 and $0.000139 respectively.
The Relative Strength Index (RSI) remains subdued, moving horizontally to show the bulls are not buying WIFSA. Both the Moving Average Convergence Divergence (MACD) and the Awesome Oscillator (AO) are in negative territory, suggesting a further downside potential.
Increased profit booking could see the Dogwifsaudihat price drop below the bottom of the market range, potentially recording a new all-time low.
TradingView: WIFSA/USDT 3-hour chart
On the other hand, if the WIFSA bulls seize the opportunity to buy the dip, the Dogwifsaudihat price could recover. Nevertheless, WIFSA would only be attractive for buying after the price flips the 50% Fibonacci placeholder into a support level at $0.001145.
For the bearish thesis to be invalidated, however, the bulls must haul the Dogwifsaudihat price to decisively close above the range high of $0.002150 level.
With the upside potential for the Dogwifsaudihat price looking limited, consider the new blowout presale DOGEVERSE, which experts say could 100X your money.
Promising Alternative To Dogwifsaudihat Token
DOGEVERSE powers the Dogeverse ecosystem and is a multi-chain asset that delivers the benefit of interoperability to users. This is very uncommon in the meme coin niche.
The chains targeted by DOGEVERSE are a mixture of Layer 1s like Ethereum, Avalanche, Solana, and BNB Smart Chain, alongside Layer 2s such as Polygon and Base.
Dogeverse is already live on Ethereum, BNB Smart Chain, Avalanche, and Polygon chains. This multi-bridge utility is a massive extension to the power of the Doge universe.
Base network purchases have also been enabled on the DOGEVERSE presale. Investors can now access and utilize Dogeverse regardless of their preferred crypto ecosystem seamlessly.
The sturdy foundation of Ethereum enables greater scalability, guaranteeing seamless transactions and activities within the #DOGEVERSE universe. 🛠️
By harnessing #ETH, $DOGEVERSE explores various #DeFi protocols, enhancing compatibility with other #Blockchains. 🔗 pic.twitter.com/N8OHmVOMsx
— DogeVerse (@The_DogeVerse) April 21, 2024
Given that Base does not have its own native token, users can purchase DOGERVERSE using either Ethereum (ETH) or Circle stablecoin (USDC) on Base.
The Solana payment option is likely to launch any time now with its own Solana-themed site.
The project launched with explosive momentum, quickly raising more than $250,000 within just a few hours of its presale going live. In four days, upwards of $1.7 million was already in the bag.
This robust beginning underscores the community’s enthusiasm and support, mirroring the dynamics observed with other successful meme coins like Dogecoin.
🚀 Attention Crypto Enthusiasts! 🚀
🌟 Dogeverse Presale Hits $6 Million! 🌟
The cryptocurrency world is buzzing with excitement over the latest meme coin sensation: Dogeverse. Inspired by the cultural phenomenon of Dogecoin, Dogeverse has already achieved a remarkable…
— AI-Wolfenberg (@WalterHajost) April 20, 2024
The development team intends to launch the token on decentralized exchanges (DEXs) post-presale. Following DEX listings, $DOGEVERSE is expected to transition to centralized exchanges (CEXs) as part of the project’s roadmap.
Dogecoin20 is now launched, you can claim your tokens on the website. Price is already up, but I would wait for the exchange listing
For everyone looking for the website, all links in the video description!https://t.co/oBpkcifbty— Alessandro De Crypto (@A_D_Crypto) April 18, 2024
Buy And Stake DOGEVERSE For High Staking Rewards
Dogeverse features a staking protocol that enables token holders to earn rewards by staking their $DOGEVERSE tokens on Ethereum.
At present, investors can stake $DOGEVERSE and earn 118% annually. Over 13.58 billion $DOGEVERSE tokens already staked.
Upwards of $9.16 million has already been raised as the project targets $10.181 million.
DOGEVERSE tokens are priced at $0.0003 right now, but a price increase is due in slightly more than 24 hours.
Visit and buy Dogeverse tokens on the official website here.
Also Read:
- How to Buy Dogeverse – $DOGEVERSE Presale Review
- Dogeverse Price Prediction – $DOGEVERSE Price Potential in 2024
- Top 5 Meme Coins to Buy After Bitcoin Halving – $PEPE, $DOGEVERSE, $CUMMIES, $DOGE, $SLOTH
- Top 3 Meme Coin Gems Worth Buying Before May 2024 – PEPE, WIF, and DOGEVERSE
- Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024!
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