Shiba

Bitcoin

April

Shiba Inu

Coin

In the aftermath of the Bitcoin Halving, the crypto-meme sector has witnessed a significant upswing, with a notable increase of over 6%. Leading meme coins such as Dogecoin, Dogewifhat, and Shiba Inu have experienced substantial gains within the past 24 hours, marking a pivotal moment for investors and traders alike. Meme coin performance after halving&nbsp; 
Today, on April 20, 2024, these meme coins have demonstrated remarkable momentum after a week of persistent struggle. However, investors as well as traders were already anticipating that the crypto-meme industry and other related industries could experience upside momentum following the completion of Bitcoin Halving, which is exactly happening.&nbsp; 
If we look at the performance of these meme coins, the Dogwifhat (WIF) token gained a massive over 12% upside momentum, and currently, it is trading near $2.9. Whereas, the world’s biggest meme coin DOGE experienced a massive 6% upside momentum and currently, it is trading near the $0.15 level. Additionally, the recently launched Solana-based meme coin Book Of Meme (BOME) also experienced a massive over 13% upside momentum. DOGE and SHIB technical analysis and upcoming levels 
Despite the massive upside momentum in the crypto-meme industry, the DOGE coin on the weekly time frame is trading near an important support level. However, this halving event might help DOGE to hit a new 52-week high. Whereas, SHIB on the daily time frame looks bullish and it has the potential to surge more nearly 10% in the upcoming 24 hours. The major reason behind the anticipation is the breakout of a consolidation zone. Whereas, on the weekly time frame, SHIB is bullish and could surge more than 50%.&nbsp; 
However, in the past few days, crypto whales and institutions have massively accumulated these <a href="https://news.todayq.com/shiba-inu-pepe-jumps-while-btc-eth-struggles-to-keep-up/">meme coins</a> including DOGE, WIF, SHIB, and others. This massive price surge across the crypto-meme industry highlights the investor’s interest after the Bitcoin halving event.&nbsp; 
Besides the crypto-meme industry, the overall cryptocurrency market is also up by nearly 3%, and the world’s biggest cryptocurrencies such as Bitcoin and Ethereum also experienced a decent upside momentum with 0.5% and 0.2% upside momentum. Other cryptocurrencies including Solana (SOL), Binance Coin (BNB), and Ripple (XRP) also experienced decent upside momentum in the last 24 hours.

Halving effect on Crypto meme industry WIF, DOGE leading

Todayq News

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