Tag Archives: dog-themed token

Bitcoin

New Memecoin Sensation Neiro Hits $200M Market Cap In 4 Days

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A brand new dog-themed meme coin has taken the crypto market by storm. Impressed by Kabosu proprietor’s new canine, Neiro, a brand new wave of Shiba Inu-themed tokens surged on Solana. Nevertheless, Its Ethereum-based competitor has stolen the present with its stellar efficiency within the final 4 days.

Kabosu’s Sister Sparks New Memecoin Wave

Kabosu, the canine that impressed the legendary Doge meme, handed away in Could. The beloved canine additionally impressed the flagship memecoin Dogecoin (DOGE), and a plethora of Shiba Inu-themed tokens. Its proprietor just lately introduced she had adopted Neiro, a 10-year-old rescued Shiba Inu canine.

Associated Studying: Ethereum Seeing Excessive Change Outflows, However Watch Out For This Bearish Sign

Following the announcement, the crypto neighborhood noticed the launch of a number of tokens impressed by the canine. Most of those tokens had been deployed on Solana, initially pumping to hundreds of thousands in market capitalization.

On its first day, the most important Solana-based Neiro meme coin reached a $100 million market cap. Nevertheless, it has since plummeted over 80% to a market capitalization beneath $20 million, presumably as a result of overabundance of Neiro tokens on the chain.

The token was additionally closely criticized after on-line stories known as out alleged insider exercise from the builders. Blockchain information agency Bubblemaps revealed that the builders of the most important Neiro token deployed on Solana had management of 6% of the token’s provide and finally offered it for $5.7 million.

Since then, the meme coin has seen a large 84% worth drop, going from its all-time excessive (ATH) of $0.12 to buying and selling at $0.019.

Are The Canine Days Again?

The Ethereum-based Neiro stole the present from its Solana counterparts. The token has seen outstanding progress within the final 4 days, hitting a $200 million market cap on August 1.

NEIRO hits a $200 million market cap in 4 days. Supply: Dexscreener

Since its creation on July 27, Neiro has registered a 4,400% surge, shredding two zeros consequently. Moreover, the token reached a brand new ATH worth of $0.20 after hovering 81% from the day earlier than.

Nonetheless, the builders of Ethereum’s Neiro have additionally been accused of insider buying and selling. Following the huge surge, Bubblemaps alerted buyers that the token allegedly “is closely managed.” In line with the report, 78% of the memecoin’s provide was sniped at launch and shortly unfold amongst 400 wallets. The agency revealed that the wallets had offered 12% of their holdings, round $4.5 million, by July 30.

Traders appeared unfazed by the stories, with many calling the report “bullish information.” Others expressed pleasure by the agency’s “fudding,” stating, “Numerous probably the most profitable memes require provide management.”

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Furthermore, many buyers take into account “the canine days are again” and the “Doge legacy continues” with the Ethereum-based memecoin. To an X person, there are just a few the reason why Neiro’s has develop into an in a single day sensation, together with its “SHIB-like narrative,” “concentrated consideration,” and the “return of canine meta that all the time dominates Ethereum bull cycles.”

As of this writing, Neiro is buying and selling at $0.18, a 63% surge within the final 24 hours.

Memecoin, DOGE, DOGEUSDT, NEIRO
DOGE’s efficiency on the one-week chart. Supply: DOGEUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

Bitcoin

Dogecoin Ready For $0.3? Analysts Bullish Price Breakout Attempt

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Over the weekend, Dogecoin (DOGE) soared 11% after the final market efficiency. The value surge led the dog-themed token to retest key resistance ranges, which fueled a bullish prediction by crypto analysts. Traders additionally shared a optimistic sentiment following Elon Musk’s current feedback concerning cryptocurrencies and the biggest memecoin by market capitalization.

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Dogecoin Makes an attempt To Break Above Key Stage

Throughout the previous week, market watchers have revealed their bullish predictions for the biggest memecoin by market cap. Daan Crypto Trades revealed that DOGE was “displaying some energy” after buying and selling above the day by day 200 MA/EMA final week and testing a multi-month diagonal trendline.

DOGE tried to interrupt out of the downtrend line once more after buying and selling above the $0.134 resistance degree within the early hours of Monday. To Daan, Dogecoin’s value may see “greater over the following couple of weeks” if it holds on to the $0.13 space.

DOGE makes an attempt to interrupt above the downtrend line. Supply: Daan Crypto Trades on X

Equally, analyst Crypto Poseidon identified that DOGE’s “day by day ema50-200 began to squeeze into one another once more.” Per the analyst, it will result in an enlargement above the earlier yearly excessive of $0.22. Poseidon added, “$0.3 on the horizon, canine lovers.”

Amid the market restoration, famend crypto analyst Ali Martinez revealed on Thursday that Dogecoin was taking part in the identical sample it has displayed earlier than. Based on this sample, DOGE consolidates in a descending triangle.

Throughout the consolidation, the memecoin traditionally sees a 140%-230% rally earlier than retracing round 60%. Per the analyst, DOGE traders ought to “simply wait” because the memecoin enters the bull run after the retrace.

As of this writing, Dogecoin is hovering between the $0.129 and $0.130 value vary, a 0.5% drop within the final 24 hours. Nonetheless, this efficiency represents a 7.6% and 5.3% value surge within the biweekly and month-to-month timeframes.

Elon Musk Received’t Promote Crypto However Has ‘Gentle Spot’ For DOGE

On Sunday, Tesla’s CEO Elon Musk joined The X Takeover occasion hosted by the Tesla House owners Silicon Valley membership. Musk made a particular digital visitor look to debate his insights on know-how, area exploration, sustainability, and cryptocurrencies.

Throughout his look, the CEO clarified he wouldn’t promote crypto, however may tackle them jokingly sooner or later. He additionally said he doesn’t have a destructive opinion about cryptocurrencies regardless of his refusal to endorse them.

Musk defined that sure crypto property, together with Bitcoin (BTC), have advantage in his eyes, however traders received’t see him pumping them. Nonetheless, the billionaire added that he bought a passion for Dogecoin resulting from his liking of canine and memes.

I’m not going to be selling crypto—at most, in a joking method. For those who see me pumping crypto, it’s not me. I do assume there’s advantage in Bitcoin and perhaps another cryptos, and I’ve form of bought a delicate spot for Dogecoin as a result of I like canine and memes.

The DOGE group had a blended response to Musk’s remarks. Some traders contemplate the feedback unhealthy information for Dogecoin and its holders because it meant he not supported the memecoin’s adoption. “I assume placing Doge on the Moon just isn’t an actual factor he’s contemplating anymore,” one reply learn.

Others imagine his crypto stance clarification was mandatory as some would “assume he mentioned he’s towards crypto which isn’t true.” Moreover, many traders thought of that his liking for DOGE was bullish for the memecoin.

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Following the information, the biggest cryptocurrency by market cap noticed an 8% value improve, going from the $0.1204 to the $0.1355 vary in a single day.

Dogecoin, DOGE, DOGEUSDT
Dogecoin’s efficiency on the three-day chart. Supply: DOGEUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

Bitcoin

WIF Sees 60% Weekly Surge But An analyst Sends A Warning

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This week, the dog-themed sensation Dogwifhat (WIF) has recovered from its drop under the $2 help zone. The Solana-based memecoin flipped Ethereum’s Layer-2 (L2) Arbitrum (ARB) and is at the moment testing the $2.5 resistance stage. Nevertheless, a crypto analyst has warned buyers of a doable retrace for WIF.

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WIF Places Its Hat Again On

Dogwifhat turned the memecoin sensation of 2024’s first quarter (Q1), giving returns of over 2,000% earlier this yr. The Solana token reached an all-time excessive (ATH) of $4.8 in March however has declined 45% since then.

Regardless of this, buyers stay bullish on the memecoin, some stating it has proven power via its sharpest correction. Asad Saddique, Cryptonary’s CTO, highlighted that the token “withstood like 5 or 6 corrections of >70%.” To Saddique, Dogwifhat solidified throughout the retraces and “challenges” for the dog-themed memecoin throne.

Notably, WIF flipped Arbitrum because the thirty eighth largest cryptocurrency by market capitalization at this time with a $2.5 billion market cap. This feat was first achieved on March 31, when WIF reached its ATH and a market cap of $4.57 billion.

Dogwifhat flips Arbitrum by market capitalization. Supply: Degen Information on X

A month in the past, crypto dealer Bluntz, who made a number of bullish forecasts for WIF throughout Q1, shared a bearish prediction for the memecoin. Per the dealer, the Solana token was set to an “inevitable” fall to the $1 vary.

Nevertheless, this prediction was primarily based on a earlier bullish evaluation. Bluntz acknowledged that WIF was headed for a big retrace earlier than the subsequent parabolic run, which may result in a brand new ATH.

Following the market downturn, the dog-themed memecoin noticed a worth discount of over 43%. Earlier this month, WIF dropped from the $2.6 worth vary to as little as $1.51 on July 11.

Nonetheless, it had a outstanding efficiency this week. The token reclaimed the $2 help zone and reveals inexperienced numbers in a number of timeframes.

Will It Shred One other 40% Quickly?

WIF surged 8% within the final 24 hours and trades at $2.54, on the time of this writing. This efficiency represents a 60% and 25% worth enhance within the weekly and month-to-month timeframes.

The latest worth motion has seemingly revitalized the bullish sentiment in direction of the token. Crypto analyst Hornhairs claimed that the memecoin “appears to be like stable.” To the analyst, WIF may retest the $3 resistance stage if it holds above the $2.2 worth vary.

Nevertheless, one other market watcher has warned buyers a few potential draw back for Dogwifhat. CrediBull acknowledged that individuals are taking most altcoins’ bounces as “an indication of power, however the actuality is, alts and particularly memes are simply greater beta variations of BTC.”

To the analyst, the present bounce is “good,” however, if Bitcoin (BTC) bounces or falls, Dogwifhat will comply with the flagship cryptocurrency’s motion “tougher/stronger.

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The memecoin “left a triple backside proper under us” after making a decrease excessive on greater timeframes. This implies to the dealer that the token “is prone to comply with with a 40% transfer again down of its personal to take these triple lows.”

WIF
WIF’s efficiency within the weekly chart. Supply: WIFUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

Bitcoin

WIF Plunges 11% As Whale Deposits Millions To Binance

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Memecoins are in purple this week as most sectors of the crypto market battle. Dogwifhat (WIF) has not been the exception.  The memecoin sensation of Q1 noticed a big value drop following the actions of a whale. Lately, an deal with transferred thousands and thousands of WIF to a crypto change, which ignited hypothesis about who was behind the transaction.

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6 Million WIF To Binance

On Friday, reviews of an enormous WIF switch to Binance hit the crypto neighborhood. Per the report, one of many prime dogwifhat holders moved thousands and thousands to the biggest crypto change.

The whale transferred 5.97 million WIF, value round $11 million, on June 21. Moreover, the deal with offloaded 48 million Trump Coin (DJT), roughly $500,000.

After the information, the crypto neighborhood started speculating who was behind the switch. Some customers claimed the whale was crypto dealer Ansem, who was very vocal about WIF. The dealer was additionally a part of the Las Vegas Sphere challenge, the place customers donated round $700,000 to challenge the token’s picture within the Sphere.  

Customers on X criticized Ansem for the alleged deposit, expressing their disappointment in his “capitulation”. Some buyers took the chance to precise their discontent with the dealer for “grifting and dumping on buyers.”

The dialogue sparked an vital dialog: ought to Key Opinion Leaders (KOLs) not transfer their cash? One consumer considers that Ansem, and all KOLs, are free to do what they need with their cash.  The consumer argued that KOLs are subjected to criticism no matter their route.

When folks promote earlier than you do, they’re “jeet”. When KOLs promote a few of their holdings and even transfer it round, they’re “pump and dampers”.

A number of neighborhood members agreed and questioned if KOLs are “obligated” to carry a token till buyers are proud of their income.  Nevertheless, others argue that neighborhood members are “arbiters” of merchants’ reputations.  

Dogwifhat Take A Blow, However Was It Ansem?

Regardless of the rumors, on-line reviews counsel the pockets is just not linked to the crypto dealer. After deep-diving into the deal with, a neighborhood member discovered that the deal with was not related to Ansem.

The submit notes that the one motive it was linked to the dealer was the massive WIF stability and plenty of Solana memecoins.

Nevertheless, the deal with has a file of promoting their token at a loss “to FOMO into new shiny stuff.” Moreover, the pockets appears to be linked to a now-deleted X account.  On the time of writing, the dealer has not acknowledged the rumors.  

After the reviews, WIF’s value dropped from the $1.90 to the $1.80 value vary. On the final day, the memecoin plunged from the $2.15 mark, representing a 13% lower.

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The token has additionally seen a 25.3% and 36.1% drop within the weekly and month-to-month timeframes. Crypto analyst Bluntz forecasted a bearish $1 goal for the dog-themed memecoin. Finally, the analyst acknowledged {that a} descent to the $1 help stage was “inevitable” earlier than the “subsequent parabolic leg.” As of this writing, WIF is buying and selling at $1.83.

WIF’s efficiency within the weekly chart. Supply: WIFUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com