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dogwifhat

Solana

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<img width="1200" height="840" src="https://coingape.com/wp-content/uploads/2024/02/most-decentralised-crypto-list-main-e1708695792672.jpg" class="attachment-full size-full wp-post-image" alt="Bitcoin, Ethereum Eye New Highs Pre-Halving, This Solana-Based Meme Coin Could Double" decoding="async" style="float:right; margin:0 0 10px 10px;">
Bitcoin price broke above $70,000 again after sliding to near $60,000 early last week. The short-lived bearish outlooked believed to have been triggered by whales taking profits, saw the crypto market generally dump. Altcoin majors like&nbsp;<a href="https://coingape.com/bitcoin-ethereum-celestia-among-top-holdings-of-novogratzs-galaxy-digital/">Ethereum</a>&nbsp;and Solana clawed back gains before finding support at $3,050 and $162. Intriguingly,&nbsp;<a rel="nofollow" href="https://coinmarketcap.com/currencies/dogwifhat/">dogwifhat</a>&nbsp;(WIF), a&nbsp;<a href="https://coingape.com/solana-whales-shift-focus-from-bome-to-new-meme-coin-mew/">Solana</a>-based meme coin continues to catch the attention of investors, increasing by 29% in a week on top of a 64% growth in a fortnight and a staggering 857% surge in 30 days. 
<h2 class="p1" id="how-bitcoin-price-could-shape-the-crypto-market-pre-halving">How Bitcoin Price Could Shape The Crypto Market Pre-Halving</h2> 
<a href="https://coingape.com/bitcoin-btc-price-now-set-140k-says-top-analyst-who-predicted-crash/">Bitcoin price</a>&nbsp;has recently made a surprise move above $70,000 reigniting movement across the market. Many considered the drop last week to be a pre-halving retrace, considering the massive rally in Q1 buoyed by the commendable performance of Bitcoin ETFs. 
However, data by&nbsp;<a rel="nofollow" href="https://sosovalue.xyz/assets/etf">SoSoValue</a>, tracking the ETFs reveals a substantial decrease in the daily total net inflow volume to only $15.7 million on Tuesday. With Grayscale’s GBTC still recording gigantic outflows, the impact of&nbsp;<a href="https://coingape.com/spot-bitcoin-etfs-in-hong-kong-to-drive-aum-growth-with-in-kind-options/">Bitcoin ETFs</a>&nbsp;on the price has waned significantly. So far, investors have withdrawn $14.15 billion from IBIT compared to $11.28 billion combined total net inflow. 
<figure id="attachment_188105" aria-describedby="caption-attachment-188105" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-188105" src="https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-26-at-19.02.09.png" alt="Bitcoin ETFs data | SoSoValue&nbsp;" width="2392" height="996" srcset="https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-26-at-19.02.09.png 2392w, https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-26-at-19.02.09-300x125.png 300w, https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-26-at-19.02.09-1224x510.png 1224w, https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-26-at-19.02.09-768x320.png 768w, https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-26-at-19.02.09-1536x640.png 1536w, https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-26-at-19.02.09-2048x853.png 2048w, https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-26-at-19.02.09-150x62.png 150w" sizes="(max-width: 2392px) 100vw, 2392px">
 <figcaption id="caption-attachment-188105" class="wp-caption-text">
 Bitcoin ETFs data | SoSoValue
 </figcaption>
</figure> 
Despite the slump in the uptake of ETF products, the dynamic crypto market still holds solid strong bolstered by the rising hype around the upcoming&nbsp;<a href="https://coingape.com/markets/5-solana-rivals-set-to-double-in-value-before-bitcoin-halving-in-april/">Bitcoin halving</a>&nbsp;in April. 
This four-year cycle known to positively influence prices across the market in the months following, will see rewards miners receive for producing a block of transactions reduced from 6.25 to 3.125 BTC. 
What this means is that supply will continue to go down and with demand staying the same or increasing, Bitcoin price may ignite a parabolic rally similar to the move to $69,000 in 2021. 
Currently, Bitcoin price is pivotal at $70,000. Further action is expected toward its record high, but that may happen after another round of profit-taking followed by a buy-the-dip campaign which may culminate in a breakout toward $80,000. 
The positive outlook in Bitcoin price often spreads bullish sentiment across the crypto market, with altcoin majors like Ethereum and Solana leading the charge. 
<figure id="attachment_188103" aria-describedby="caption-attachment-188103" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-188103" src="https://coingape.com/wp-content/uploads/2024/03/BTCUSD_2024-03-26_19-30-51.png" alt="Bitcoin price chart" width="2694" height="1444" srcset="https://coingape.com/wp-content/uploads/2024/03/BTCUSD_2024-03-26_19-30-51.png 2694w, https://coingape.com/wp-content/uploads/2024/03/BTCUSD_2024-03-26_19-30-51-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/03/BTCUSD_2024-03-26_19-30-51-1224x656.png 1224w, https://coingape.com/wp-content/uploads/2024/03/BTCUSD_2024-03-26_19-30-51-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/03/BTCUSD_2024-03-26_19-30-51-1536x823.png 1536w, https://coingape.com/wp-content/uploads/2024/03/BTCUSD_2024-03-26_19-30-51-2048x1098.png 2048w, https://coingape.com/wp-content/uploads/2024/03/BTCUSD_2024-03-26_19-30-51-150x80.png 150w" sizes="(max-width: 2694px) 100vw, 2694px">
 <figcaption id="caption-attachment-188103" class="wp-caption-text">
 Bitcoin price chart | Tradingview
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</figure> 
Ethereum soared to $4,093 as&nbsp;<a href="https://coingape.com/bitcoin-btc-price-jumps-past-70000-amid-huge-accumulation-before-halving/">BTC</a>&nbsp;hit new all-time highs while Solana surged to $210. 
Ethereum price hovers at $3,557 during US business hours on Tuesdays. The token increased by nearly 8% in 24 hours, underscoring the growing risk appetite among investors. 
Similarly, Solana has also rolled upwards this week, albeit modestly by 2.3%. Due to a wave of volatility crisscrossing the market, SOL is down by 1.6% to trade at $188 at the time of writing. 
<h2 class="p1" id="dogwifhat-price-tops-best-performing-meme-coins">Dogwifhat Price Tops Best Performing Meme Coins</h2> 
The meme coin that has come to shape the Solana ecosystem, dogwifhat, symbolizes “futuristic transactions” allowing people to embrace a new financial era. 
WIF, the token power of the meme coin network, is known for heavily rewarding its holders to trade at $3.16. In the last 24 hours, dogwifhat sustained a 13% surge, adding to the remarkable performance in 30 days from $0.33. 
<figure id="attachment_188104" aria-describedby="caption-attachment-188104" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-188104" src="https://coingape.com/wp-content/uploads/2024/03/chart-10.jpeg" alt="Bitcoin \ dogwifthat analysis" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/03/chart-10.jpeg 1644w, https://coingape.com/wp-content/uploads/2024/03/chart-10-300x219.jpeg 300w, https://coingape.com/wp-content/uploads/2024/03/chart-10-1224x893.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/03/chart-10-768x561.jpeg 768w, https://coingape.com/wp-content/uploads/2024/03/chart-10-1536x1121.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/03/chart-10-150x109.jpeg 150w" sizes="(max-width: 1644px) 100vw, 1644px">
 <figcaption id="caption-attachment-188104" class="wp-caption-text">
 WIF price chart | CoinMarketCap
 </figcaption>
</figure> 
If Bitcoin, Ethereum, and Solana sustain the uptrend to new highs in April, dogwifhat will tap into the renewed sentiment in the market for another major rally possibly doubling its current market value to a new all-time high. 
The post <a href="https://coingape.com/markets/bitcoin-ethereum-eye-new-highs-pre-halving-this-solana-based-meme-coin-could-double/">Bitcoin, Ethereum Eye New Highs Pre-Halving, This Solana-Based Meme Coin Could Double</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Bitcoin, Ethereum Eye New Highs Pre-Halving, This Solana-Based Meme Coin Could Double

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