Shiba

Cryptocurrency

Pepe

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/surge-in-meme-cryptocurrency-sector-as-tokens-triple-in-value" rel="noopener noreferrer nofollow">Surge in Meme Cryptocurrency Sector as Tokens Triple in Value</a><br></p>
<p style="text-align: justify">In the face of a broader market downturn, meme cryptocurrencies such as Shiba Inu, <a href="https://en.bitcoinhaber.net/dogecoin-in-the-spotlight-whales-on-the-move-and-price-fluctuations" rel="noopener noreferrer nofollow">Dogecoin</a>, Pepe coin, and Dogwifhat have experienced notable surges in value, with some tripling their worth in just two weeks. This growth has occurred despite widespread sell-offs in other markets, showcasing the meme token sector’s resilience and ability to sustain higher prices.</p>
<h2 id="resurgence-of-dogwifhat-and-market-fluctuations">Resurgence of Dogwifhat and Market Fluctuations</h2>
<p style="text-align: justify">Dogwifhat, a Solana-based meme token, has notably rebounded since February, aligning with an increased interest in the meme token market. Following a 151% increase from its low of $0.081, the token’s price is now at $0.158. The listing of Dogwifhat on Binance, the leading global <a href="https://en.bitcoinhaber.net/what-to-expect-in-the-crypto-market-next-week" rel="noopener noreferrer nofollow">cryptocurrency</a> exchange by volume, earlier this week, provided additional thrust to its price trajectory. Nonetheless, as <a href="https://en.bitcoinhaber.net/bitcoin-miners-sell-off-a-prelude-to-a-market-downturn" rel="noopener noreferrer nofollow">Bitcoin</a> encounters resistance at higher prices, prompting supply pressure at $69,000, the WIF token has undergone a correction, descending from $2.3 to a trading price of $1.88, and is now testing the 23.6% Fibonacci retracement level. Should the selling pressure persist, it could potentially reach down to support levels of $1.5 or $1.28.</p>
<h2 id="spotlight-on-whale-transactions">Spotlight on Whale Transactions</h2>
<p style="text-align: justify">Recent analysis by Lookonchain revealed two substantial whale transactions within the WIF market. The first transaction involved an acquisition of 1.82 million WIF tokens at $1.69 each, totaling $3.06 million, by the wallet address 87Hnwj. Another transaction saw a different whale, identified as GjRacG, purchasing 1.15 million WIF tokens at $1.67 per token, amounting to $1.93 million. The combined value of these transactions, amounting to 5 million dollars for nearly 3 million WIF tokens, underscores investor confidence in the token’s prospects and Whale’s strategic market positioning, potentially signaling bullish sentiment for WIF’s future valuation.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/surge-in-meme-cryptocurrency-sector-as-tokens-triple-in-value" rel="noopener noreferrer nofollow">Surge in Meme Cryptocurrency Sector as Tokens Triple in Value</a></h5>

Surge in Meme Cryptocurrency Sector as Tokens Triple in Value

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