My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.

One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.

I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.

I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.

Dogwifhat (WIF), the largest meme coin by market capitalization on Solana, registered notable recovery over the last 30 days. This rebound ensured that WIF’s price climbed by 50% and almost retested $3.

Despite the impressive rally, technical analysis points to the possibility of a correction, as this classic bearish formation typically signals a potential downturn. 

Dogwifhat Forms Bearish Pattern

On October 14, WIF’s price almost hit $3. However, the resistance at $2.82 ensured that the meme coin could not reach the threshold again for the first time since July. 

Following this development, BeInCrypto observed that WIF had formed a rising wedge on the daily chart. Also called an ascending wedge, this pattern arises when two upward slopes converge, signaling an imminent downward trend reversal.

In most cases, this wedge indicates that a cryptocurrency has hit the local top. For WIF, the local top appears to have been around $2.96, where the wick of the green candlestick hit on Monday.

Read more: How to Buy Dogwifhat (WIF) and Everything Else To Know

The Money Flow Index (MFI) is another indicator signaling a potential correction for WIF. The MFI assesses both volume and price to gauge buying and selling pressure in the market.

An increase in the MFI reflects rising buying pressure, while a decrease points to growing selling activity. As shown below, the MFI on the WIF/USD daily chart has dropped and is on the verge of slipping below the neutral line.

Given these conditions, it suggests that WIF’s price has lost bullish support and might undergo an extended decline.

WIF Price Prediction: 20% Correction Next

A closer look at the daily chart suggests that WIF could struggle to break above $2.82, as it appears to be following a downward trend seen since July.

On July 22, WIF reached $2.82 but faced resistance. By August 6, the price had dropped 55% to $1.25. However, this doesn’t necessarily mean Dogwifhat will experience a similar decline.

Still, a quick rebound seems unlikely. WIF could fall by 20%, as indicated by Fibonacci retracement levels, which highlight potential support and resistance. 

Read more: 5 Best Dogwifhat (WIF) Wallets To Consider In 2024

If the token drops to the 50% retracement level, it may reach $2.08. However, if bulls defend the $2.33 support, WIF could rebound to $3.11.

The BRICS bloc is taking major steps towards integrating digital assets to promote investments and economic development within its member states and across other emerging economies.

This initiative builds on previous discussions about developing a blockchain-powered payment system for the group.

BRICS Advancing Digital Assets for Investment Payments

During the BRICS Business Forum on October 18, Russian President Vladimir Putin announced that the alliance had agreed to incorporate digital assets into their investment payment systems. This decision marks a major shift in how BRICS nations plan to handle cross-border transactions and investments.

Member countries will now be able to settle investment payments using cryptocurrencies such as Bitcoin and stablecoins. There are also ongoing discussions about launching a stablecoin backed by China’s Yuan. This move would further facilitate secure and efficient transactions within the bloc.

Putin emphasized that the move would also benefit other developing nations by opening up new opportunities for economic growth.

“We will discuss the use of digital currencies in investment developments by BRICS member states, and this will also benefit other developing and emerging economies with good prospects,” Putin stated.

Read more: Crypto Regulation: What Are the Benefits and Drawbacks?

BRICS, consisting of Brazil, Russia, India, China, and South Africa, has been making efforts to assert greater economic independence on the global stage. Over the past year, the group has focused on reducing its reliance on the US dollar in international trade. Instead, they have encouraged the use of local currencies.

In line with this broader strategy, BRICS has launched a new platform called BRICS Pay. This blockchain-based system functions similarly to the SWIFT network. However, it is designed to facilitate transactions between BRICS countries without dependence on Western-controlled financial institutions.

The platform also aims to promote the use of national digital currencies for investment and trade. According to the group, this move would help to build a more resilient financial architecture.

“BRICS Pay will complement the capabilities of existing payment systems and methods, enhancing security, accelerating, and reducing the costs of international transactions,” the group stated.

Meanwhile, the BRICS bloc has been expanding its global influence, with recent additions to its ranks, including Egypt, Ethiopia, Iran, and the United Arab Emirates. More than 30 other countries have shown interest in forming closer ties with the group, reflecting its growing significance in shaping global economic trends.

Read more: Deploying Blockchain Infrastructure: Challenges and Solutions

The next BRICS meeting, scheduled to take place in Kazan, will address potential further expansion and other strategic initiatives. With the bloc expected to drive a significant portion of global economic growth in the coming years, BRICS is positioning itself as a major force in reshaping the global financial landscape.