Shift

Solana

PEPE

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-network-drives-major-shift-in-meme-coin-market/" data-wpel-link="internal">Solana Network Drives Major Shift in Meme Coin Market</a> 
Dogecoin’s presence was a major precursor to the rise of meme coins, followed by SHIB and others. Especially in mid-2023, the emergence of PEPE marked the first steps of a new meme coin craze. However, as we entered 2024, the <a href="https://en.coin-turk.com/macro-guru-raoul-pal-expects-solanas-rally-to-continue-despite-recent-upsurge-in-ethereum/" data-wpel-link="internal">Solana</a> network changed everything. One of the standout projects during this period was WIF coin, which strongly positioned itself among the top 5 meme coins, briefly surpassing PEPE to take the 3rd spot. Today, analysts have varying opinions about WIF. 
<h2 style="text-align: justify" id="wif-and-analyst-opinions">WIF and Analyst Opinions</h2> 
While analysts’ opinions continue to hold significant weight in the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>, as of the time of writing, WIF, currently ranked 4th among meme coins, has elicited mixed feelings. 
In the past, the meme coin rose to as high as $4.85, and its <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future direction</a> remains a topic of interest. First, it might be useful to look at Altcoin Sherpa’s statement on X. Altcoin Sherpa, a well-known market analyst, seemed to cause some unease with his comments. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-387082" src="https://coin-turk.com/wp-content/uploads/2024/09/altcoin-sherpa-wif-coin-turk-com.jpg" alt="" width="2168" height="1179"> 
Highlighting the significant impact of BTC’s movements on WIF and the rest of the market, the analyst said: 
<blockquote> 
 Don’t expect coins like WIF to rise significantly for a while; as long as BTC remains stable, I predict they will continue to fall. It’s not a great point for a leveraged long imo; I would prefer DCA and scaling only if you think this is a leader later on. 
</blockquote> 
Following Sherpa, another market analyst, TheoTrader, also made notable comments on X, appearing more optimistic. 
TheoTrader’s comments were as follows: 
<blockquote> 
 While the rest of the market is bleeding, $WIF is holding up well here. A breakout could trigger a strong rebound. This is my opinion. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-387083" src="https://coin-turk.com/wp-content/uploads/2024/09/trader-theo-wif-coin-turk-com.jpg" alt="" width="2537" height="1254"> 
<h2 style="text-align: justify" id="how-much-is-wif-worth">How Much is WIF Worth?</h2> 
On the day Bitcoin briefly fell to $54,000 and then stabilized at $54,400, WIF’s price rose by 0.85% to $1.51. In addition to today’s rise, the price movement over the past 7 days indicates a 1.12% increase. 
On the other hand, it would not be wrong to say that WIF is still 70% away from its ATH. Following WIF’s price movement, its market cap settled at $1.5 billion, while its 24-hour trading volume dropped by 35% to just $170 million, indicating a decline in investor interest. 
The post <a href="https://en.coin-turk.com/solana-network-drives-major-shift-in-meme-coin-market/" data-wpel-link="internal">Solana Network Drives Major Shift in Meme Coin Market</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Solana Network Drives Major Shift in Meme Coin Market

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