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Dogecoin (DOGE) has faced a substantial price correction over the last few days. The asset has dipped 6.1% in the daily charts, 12.4% in the weekly charts, 8.1% in the 14-day charts, and 34% over the previous month. Despite the massive dip, DOGE’s price has risen by 170.9% since February 2024. Also Read: Cryptocurrency: 3 Memecoins Predicted To Hit Peaks In March Source: CoinGecko Bybit Hack Pulling The Market Down? Source: Mynewsdesk.com The latest market dip is likely due to the Bybit hack. The exchange was robbed of $1.4 billion worth of Ethereum-related coins. Dogecoin (DOGE) and other assets faced a correction due to the significant dip in investor sentiment. Also Read: Nvidia Stock: ‘Golden Opportunity’ for Top Investors Ahead of NVDA Earnings Report DOGE’s price was falling even before the Bybit hack. Macroeconomic factors have played a hand in the crypto market’s lackluster performance. The Fed has paused interest rates but is yet to announce a rate cut this ye...

Author | defioasis Memecoin once captured significant attention and investment with its unique culture, humorous image, and community-driven characteristics. The fair launch mechanism of pump fun further propelled the Meme frenzy to new heights. However, as PvP intensified and the speed of new launches accelerated, the so-called narrative logic, Meme symbols, and community culture have largely disappeared. The key now lies in who is promoting the token, as the identity, status, background, and resources determining the peak price a memecoin can achieve in the short-term spotlight, only to leave chaos in its wake once the excitement fades. With U.S. President Trump and Binance founder CZ joining the fray to "promote" Memecoins, the role of Memecoin as a pure vehicle for attention-driven speculation seems to have peaked, as there are few figures of higher status than these two. Many users have also begun to feel fatigued. In contrast to fair launches, despite issues like high v...

A widely followed analyst is leaning bullish on a memecoin in the Solana (SOL) ecosystem amid a rout that has seen the crypto asset lose 72% of its value from the all-time high. The analyst pseudonymously known as Bluntz tells his 314,000 followers on the social media platform X that dogwifhat (WIF) might have bottomed out after completing a correction in a three-wave pattern on the weekly time frame. The analyst who regularly applies the Elliott Wave theory in his technical Analysis says that while WIF’s bearish trend lasted longer than he had originally anticipated, there are “some nice signs of life forming” on the memecoin’s low time-frames. The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern. While cautioning that it’s too early to conclude that a bull run is underway, Bluntz says, “Obviously very early days and we haven’t seen a five-wave rise...

John McAfee’s widow has been branded a grifter after she apparently immortalized the late tech entrepreneur with a new memecoin “built to defend digital freedom and carry on his mission.” Janice McAfee announced the launch of AIntivirus via McAfee’s own X account on Wednesday. The coin is positioned as an AI version of McAfee himself and calls itself “a string of defiance wrapped in cryptographic brilliance.” The announcement, which was presented as coming from McAfee himself (“I’m back… You didn’t think I would miss this cycle did you?”) fuelled speculation that the late businessman’s account had been hacked and was being used to shill a scam coin. I'm back with AIntivirus. An AI version of myself. You didn't think I would miss this cycle did you?https://t.co/thL0LoSZ2l Do not fall for scam tokens. This is the only official AIntivirus CA: BAezfVmia8UYLt4rst6PCU4dvL2i2qHzqn4wGhytpNJW@AIntivirus @the...

Shiba Inu (SHIB) had an incredible run in 2021. The asset’s price rallied by many million percent. Early investors made millions of dollars in profit and, in some cases, even billions. The rags-to-riches stories solidified SHIB’s status as a “millionaire-maker.” People with average jobs became overnight millionaires. These stories skyrocketed SHIB’s popularity, especially among new and young investors. Also Read: Ripple (XRP) Receives Final Approval From NYDFS For RLUSD Here’s How People Made $1 Billion With Shiba Inu Source: Changelly If you purchased $10,000 worth of SHIB on Aug. 2, 2024, and sold them when the asset peaked on Oct. 28, 2021, your investment would have risen to around $1.03 billion. Your portfolio’s value would have increased by 10,303,317.81% (10.30 million percent). Also Read: BRICS: Expert Says Nations Will Eventually Ditch US Reserves for Bitcoin Source: Changelly If you continued to hold the $10,000 worth of SHIB, it would...

Popular cryptocurrency exchange Robinhood listed dogwifhat (WIF) yesterday, Nov. 25, 2024. News of the listing has led to the memecoin’s price surging. The coin is currently the third-best performing crypto among the top 100 projects by market cap. WIF is up by 6.2% in the daily charts, 12.5% in the 14-day charts, and 42.9% over the previous month. Despite the rally, the meme coin’s price has dipped by 4.1% over the last week. Source: CoinGecko Also Read: Tron’s Justin Sun invests $30M in Donald Trump’s Crypto Project Will The Robinhood Listing Take WIF To $5? dogwifhat (WIF) hit an all-time high of $4.83 on Mar. 31, 2024. The asset’s price has dipped by more than 30% since its peak. The latest price dip on the weekly chart could be due to Bitcoin (BTC) falling below $95.000 after getting close to breaching the $100,000 mark. Source – Robinhood Also Read: Rocket Lab Stock, Rival of Elon Musk’s SpaceX, Surges to ATH Robinhood is one of the most popular cryptocurre...

Retail trading giant Robinhood is announcing the addition of new crypto assets to its burgeoning suite of products. In a new press release, Robinhood says its adding smart contract platforms Solana (SOL) and Cardano (ADA), memecoin Pepe (PEPE), and XRP. These four tokens will join other popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), and Aaave (AAVE). As stated by Johann Kerbrat, vice president and general manager of Robinhood Crypto, “We’ve consistently heard from our customers that they want access to more digital assets, and we’re excited to continue expanding our crypto offering. With lower barriers to entry, we believe crypto presents an opportunity for those who have been historically left behind by the traditional financial system.” Earlier this month, Robinhood and other crypto exchange platforms such as Kraken joined forces with stablecoin issuer Paxos to lau...

A widely followed crypto analyst says that one meme asset that has seen a 300x surge in under a year is on the brink of sparking another major rally. Pseudonymous crypto trader Altcoin Sherpa tells his 223,600 followers on the social media platform X that memecoin Popcat (POPCAT) looks incredibly bullish after taking out its last true resistance at $1. According to the trader, he sees POPCAT surging by over 60% from current levels. “Once a coin breaks out of the range, you want to see continuation. Of course, this is going to depend on BTC but I think that POPCAT still looks strong. Wouldn’t be surprised to see it go to like $2 or something to be honest.” Source: Altcoin Sherpa/X POPCAT is trading for $1.23 at time of writing, an over 7% increase during the last 24 hours. On January 5th, the meme asset was valued at $0.00379, translating to gains of more than 324x. Moving on to the top crypto asset by market cap, Altcoin Sherpa says he believ...

A closely followed trader known for making timely altcoin calls believes six crypto assets are the fastest horses in the digital asset race. Pseudonymous analyst The Flow Horse tells his Telegram subscribers that six altcoins are ahead of the crypto pack including projects in the artificial intelligence (AI), memecoin and layer-1 sectors. “Memes are more diverse, AI is led by TAO. Wif, Bonk, Pepe. Sei and Sui still strong. I would not really diversify outside of this leading pack until the market makes it very obvious. Be late to that change if you must.”  Source: The Flow Horse/Telegram With the latest crypto correction, The Flow Horse thinks that the dip is not a signal that strong altcoins are ready to give up most of the gains witnessed over the last few weeks. “Anything mega-strong is likely seeing just a cool down and not a reversal. I am not sure of the depth or magnitude, but I am pretty confident about the direction. As long as prior d...

A crypto strategist known for making timely altcoin calls believes layer-1 protocol Sui (SUI) is gearing up to spark breakout rallies. Pseudonymous analyst Bluntz tells his 274,600 followers on the social media platform X that SUI appears to have ignited a new bullish trend after printing a higher low setup amid the conclusion of an ABC corrective wave. Bluntz relies on the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave surge after completing an ABC corrective pattern. The analyst shares a chart suggesting that SUI can rise to as high as $1.80 in the next few weeks. “SUI back in a technical high timeframe uptrend again, higher lows and higher highs + key level taken out already. It’s gonna surprise a few people in the next weeks to months, in my opinion.”  Source: Bluntz/X At time of writing, SUI is worth $1.17, up over 13% in the last 24 hours. Looking at the feline-themed memecoin Simon’s Cat (CAT...

THORChain (RUNE) displays bullish momentum, aiming to test previous highs. RUNE’s 2024 price predictions suggest potential for significant gains, with analysts predicting a stab at $7.1. Memeinator (MMTR) presale, on the other hand, shows impressive fundraising progress In the ever-evolving landscape of cryptocurrency, THORChain (RUNE) and the groundbreaking memecoin Memeinator (MMTR) have recently grabbed the spotlight with significant developments. From bold proposals to price predictions, both projects are poised for attention-grabbing moves. Let’s delve into the recent price movements of THORChain (RUNE), its future predictions, and take a glance at the MMTR presale stages, exploring the potential impact on the market. THORChain (RUNE) price movements THORChain (RUNE) price has been a subject of substantial volatility since the beginning of the year, witnessing pronounced fluctuations in buying and selling pressures. Despite a correction of ...

Memecoin traders have been buying up obscure tokens such as Bald and Based, which have each seen staggering price gains despite questionable utility. Memecoin madness has arrived on Coinbase’s Ethereum layer-2 scaling solution Base, bringing with it everything from remarkable shitcoin surges to classic token rug pulls . On July 30, memecoin traders were snapping up a suite of questionable tokens on Base, with one Brian Armstrong-themed memecoin dubbed “BALD” experiencing a 289,000% gain within the first 14 hours of trading. BALD price chart since inception. Source: DexScreener This is despite the Bald token not having any official website, or any discernable purpose, creator, or utility. According to data from blockchain analytics service Lookonchain, a small number of investors managed to score a 100,000% return on a relatively small initial investment. Four separate wallet addresses swapped 0.5 Ether (ETH) — worth roughly $950 at the time — into BALD within the first four minutes ...