Altcoin
Dogwifhat (WIF) Sees 1.61% Drop in Price as Bearish Sentiment Prevails
Dogwifhat (WIF) memecoin experienced an early bullish sentiment, reaching an intraday high of $2.95 and a low of $2.79. However, the WIF token‘s price has now dipped, and bears have taken control of the Dogwifhat market.
Dogwifhat WIF Sees 1.61% Price Drop
At the start of the day, Dogwifhat showed promise, with bullish trading sentiment driving the price to an intraday high of $2.95. Despite this optimism, the price soon fell to $2.81, a 1.61% decrease from its peak. This drop coincided with a 33% decrease in Dogwifhat‘s 24-hour trading volume, suggesting a potential decline in market interest.
Over the past week, Dogwifhat has experienced a 5.06% price decline, reflecting persistent bearish pressure. Currently, the token’s price is 41.97% lower than its all-time high of $4.85, which reached March 31, 2024. This significant drop in both price and trading volume highlights the market’s waning enthusiasm for Dogwifhat tokens.
WIF Faces Critical Support and Resistance Levels
On the 24-hour price chart, Dogwifhat (WIF) is in a period of consolidation. The price movements are confined within a narrow range, indicating a potential phase of accumulation or distribution. The Bollinger Bands, with a 20-period SMA, show the upper band at $3.4000 and the lower band at $2.4710. The price is hovering around the middle band at $2.9355, suggesting balanced sentiment among traders.
WIF/USD 24-hour price chart source: TradingView
The compression of the Bollinger Bands hints at a possible upcoming volatility spike. A breakout above $3.4000 could signal a bullish trend, while a break below $2.4710 might indicate further downside. The Moving Average Convergence Divergence (MACD) indicator shows bearish momentum. The MACD line at -0.0174 is below the signal line at -0.0180, with the histogram reflecting minor negative values, indicating weak selling pressure.
Recent candlestick patterns exhibit alternating green and red candles, confirming the lack of strong directional momentum in the Dogwifhat market. The support level at $2.4710 and resistance at $3.4000 are critical levels to watch. A price break above the resistance could attract buying interest, potentially driving the price higher. Conversely, a fall below the support level might trigger selling pressure.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Ripple XRP Case Update: After the latest order issued by the court in which it granted in part and denied in part the motion for summary judgment, a district judge referred the lawsuit for settlement and set dates for motions. The judge indirectly sided with the SDNY court’s ruling that XRP programmatic sales are not securities.
Ripple Lawsuit Set for Further Proceedings
The court has announced dates for further motions and hearing on unresolved claims, including a misleading statement
made by Ripple CEO Brad Garlinghouse regarding his “long” position on XRP, according to the latest filing in the court.
Judge Phyllis Hamilton has set a July 8 deadline to file the narrowed motion to seal. The court will issue a separate order on the narrowed motion to seal.
Moreover, the judge gave the parties 28 days until July 26 to file a notice indicating whether they continue to seek the exclusion of four experts’ testimony. Ripple’s motion to exclude the testimony of Steven P. Feinstein was denied as moot, and plaintiff’s motion to exclude the testimony of S.P. Kothari and M. Laurentius was denied as moot.
This Zakinov v. Ripple Labs case was referred to Magistrate Judge Robert Illman for resolution between the parties. Judge Hamilton agreed with SDNY Judge Torres’ summary judgment on XRP programmatic sales, plaintiffs failed to prove that XRP is a security as investors rely on Ripple’s efforts for profits.
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XRP Price Trades Under $0.45 Ahead Judge Torres’ Final Judgment
Whales and investors sold XRP amid the crypto market crash. XRP price has now recovered to hit a 24-hour high of $0.438, up more than 4% in the last 24 hours. The upside momentum came with low trading volumes as whale accumulation and buying by known investors such as pro-XRP lawyer Bill Morgan.
At press time, XRP price is trading at $0.436 after recovering a 24-hour low of $0.4195. The price fall below $0.40 saw massive buying with $132 million volume in an hour, indicating a bullish sentiment on XRP.
XRP community now awaits Judge Torres’ decision on penalties and injunction in the remedies phase in Ripple Vs SEC lawsuit. Lawyers claim a verdict is expected by July-end.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Meme coins themed after celebrity Andrew Tate might be making a comeback alongside the wider digital asset market. Crypto assets look to offset double-digit losses picked up in the last seven days as sentiments hit a new low not recorded in months. Meme coins also tumbled following the market sell-off with multiple categories trading at new lows.
Andrew Tate tokens were not an exception to the negative trading this month although signs of positives are seen today. The crypto recovery means total assets are now worth $2.09 billion, this is a drop from $2.6 trillion last month. Celebrity meme coins on the other hand declined before a 12% upswing today taking its market cap to $44.5 million.
Andrew Tate Meme Coins
Meme coins themed after Andrew Tate have recorded upticks today. RNT saw the largest gains including the wider celebrity meme coin bracket with a 14.2% gain. The asset’s price trades at 0.007277 after weekly numbers soared improved to 6% wiping out month-to-date exits. Daily volumes also pointed north soaring to $1.7 million.
Similarly, Top G saw 2.5% inflows in the last 24 hours with its price at $0.000825. The market correction is depicted in longer-term numbers as weekly figures remain in the red zone. This week, Top G fell 28% wiping out a significant chunk of gains. In the last two weeks, the asset plunged over 50%.
However, TME fell 2.9% today declining sentiments in Andrew Tate-themed tokens. TME trades at $0.0002281 and remains in the red zone for the last 30 days.
Will Prices Recover?
While RNT and Top G gained momentum, TME declined leading to shaky sentiments. The crypto asset rebound following US job data points to increased activities in the last 24 hours. As Bitcoin price and ETF inflows record upticks, altcoins and meme tokens will follow suit recovering losses from the market correction. Meme coins themed after Andrew Tate are tipped to follow the market trend with bulls expecting inflows.
Also Read: PEPE, WIF, And These Meme Coins Recovers, Where Others Failed
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
In a groundbreaking move, the enigmatic Shiba Inu project lead, Shytoshi Kusama, has confirmed his next destination: Mumbai, India. This announcement follows his electrifying appearance at the IVS Conference in Kyoto, Japan. During his Kyoto visit, Kusma captivated the Shiba Inu community, also known as the SHIB Army, as he made his first-ever public appearance.
Shytoshi Kusama Confirms Another Public Apperance
As Shiba Inu lead developer, Shytoshi Kusama, announced his visit to India, the country’s SHIB community got excited. After the success of the recent Kyoto event, a similar frenzy could be witnessed along Mumbai’s shores. In a post on X, Kusama wrote, “Thank you, Kyoto! Great event @IVS_Official ! Next stop… Mumbai!”
Earlier, Kusama’s appearance at the Shiba Inu booth in Kyoto, as he previously hinted on his social media, was met with tremendous enthusiasm. The Shiba Inu lead was dressed in a black haori samurai ensemble and a Batman-style mask. Hence, he maintained his pseudonymous identity while engaging with the Shib Army and other crypto enthusiasts.
Moreover, the event was marked by photos and videos going viral within the Shiba Inu community, amplifying the excitement around the project. Furthermore, Lucie, Shiba Inu’s marketing lead, expressed her delight at this historic moment. She spotlighted highlighting the enthusiasm of the Japanese Shib Army.
In her tweet, she thanked the community and shared a photo of Kusama alongside a Japanese politician, emphasizing the significance of the encounter. In addition, a prominent Shib Inu community member from Japan, shared videos from the event. The videos showcased Kusama interacting with participants at the Shiba Inu booth.
Moreover, another video showed him shaking hands and signing a participant’s cap, further solidifying his connection with the community. Additionally, WeCreate3, a student community of Japanese Web3 enthusiasts, also documented their meeting with Kusama. They also expressed hopes for a future partnership with the Shiba Inu network.
Also Read: Shiba Inu Coin Surges As 360M SHIB Burnt Over The Week, More Steam Left?
Will Kusama Continue Meeting The SHIB Army?
Despite some skepticism regarding whether it was truly Kusama under the costume in Japan, the SHIB Army’s loyalty remains unwavering. The community eagerly anticipates future developments in the Shiba Inu project and Kusama’s contributions to the broader crypto ecosystem.
Moreover, Kusama’s visit to India is expected to be a significant milestone for the Shiba Inu project. It indicates a strategic move to engage with the global SHIB Army. The Indian crypto community, known for its vibrancy and enthusiasm, is likely to provide a warm reception to Kusama.
The event in Mumbai is anticipated to feature interactive sessions. In addition, it could also witness discussions on future projects, and perhaps more revelations about Shiba Inu’s roadmap. However, the actual details of the event are still under wraps.
Whilst, this announcement hints at further public appearances for Kusama for interacting with the SHIB Army. Earlier, the Kyoto meet was expected to be one-off-its-kind. However, with the revelation of a similar event in India, the Shiba Inu community is optimistic on Kusama’s continued global visits.
Also Read: Why Meme Coins Are Pumping Today?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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