Show

FLOKI

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/meme-coins-show-signs-of-market-comeback/" data-wpel-link="internal">Meme Coins Show Signs of Market Comeback</a> 
Recently, meme coins, which seemed to be losing popularity, might unexpectedly make a comeback in the market. Dogwifhat and Floki Inu have experienced notable price increases over the last few days. However, despite these increases, a clear decline in the popularity of these coins is evident. 
<h2 style="text-align: justify" id="meme-coins-record-losses">Meme Coins Record Losses</h2> 
The meme coin sector has faced significant losses recently, with many experiencing drops over 20%. However, according to the latest data, this downward trend has reversed, and buyers are starting to return to the market. 
In the last 24 hours, Dogwifhat (WIF) and Floki Inu (FLOKI) have seen increases in their prices. WIF’s value rose by 12.92% during this period, drawing attention. However, this increase was not sufficient to completely break the coin’s previous downward trend. 
<img loading="lazy" loading="lazy" decoding="async" class="alignnone wp-image-340335 size-full" src="https://coin-turk.com/wp-content/uploads/2024/04/wif-coin-turk-com-.png" alt="" width="947" height="583"> 
For WIF, the OBV (On-Balance Volume) metric significantly increased during this period. This rise indicates an increase in buying demand and a strengthened expectation of a rise. However, the CMF metric (Chaikin Money Flow) did not increase and remained at -0.02, showing that buying demand or accumulation is weak despite the price increase. 
FLOKI rose by 7.97% and is currently trading at $0.000154. However, like WIF, FLOKI has not completely broken its downward trend and continues to navigate through certain uncertainties. 
<h2 style="text-align: justify" id="volatility-impacts-traders">Volatility Impacts Traders</h2> 
Especially over the weekend, the volatility in the cryptocurrency market had a significant effect on traders. These sudden drops and rises in prices caused investors to review their strategies and reassess their positions. In the last 24 hours, the liquidation of a $1.37 million short position in WIF was notable. This situation shows that those aware of the risks caused by sudden market movements adjusted their positions accordingly. 
FLOKI was less affected by liquidations. With no open positions, only a $112,000 liquidation occurred. However, a decline in FLOKI’s social media popularity was observed. In recent days, a significant decrease in the social volume of Floki Inu has been noted. This situation can be interpreted as FLOKI being discussed less on social media platforms, with the existing discussions being negative. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-340337 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/altcoin-wif-coin-turk-com-.png" alt="" width="1888" height="625"> 
WIF also experienced a similar drop in social volume and sentiment. However, WIF’s social volume still does not appear to have dropped to the same levels as FLOKI. This situation indicates that WIF still retains a certain level of popularity and continues to attract interest among traders. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/meme-coins-show-signs-of-market-comeback/" data-wpel-link="internal">Meme Coins Show Signs of Market Comeback</a></h5>

Meme Coins Show Signs of Market Comeback

Table of Contents

COINTURK NEWS

Other articles published on Apr 15, 2024

10 Best Free Bitcoin Cloud Mining Sites Offering Daily Payouts in 2024

Hong Kong Approves Spot Crypto ETFs: Bitcoin and Ether Rebound Strongly

SOL Price Dump and Pump, Can Solana Overcome Selling Pressure?

Bitcoin Leverage Liquidation: $60K Holds, Short Liquidations to $71-75K Expected

Solana Co-founder Advocates ORE Fork for Network Stress Testing

Gold-Backed Crypto Peaks as Middle East Tensions Rise

Join our free newsletter for daily crypto updates!