2024-02-28 19:06:16
Investors simply love the risk excitement surrounding meme coins, and the appetite of market participants has noticeably increased. Part of the current enthusiasm has erupted because Bitcoin has started to rally itself to levels not seen in a long time, and the anticipation around the Bitcoin halving event in April is also palpable. By the way, BTC already casually crossed the $60,000 mark on Wednesday.
The rest meme coin its value is also increasing, so the atmosphere around PEPE, BONK and FLOKI’s house is well established to hold a large crypto party.
Let’s see which coins are reaping the best these days!
Dogwifhat (WIF) – A dog in a hat at its best
A Dogwifhat coin rate it is up nearly 40% in the last 24 hours and is trading at $0.8041 at the time of writing. The token’s market capitalization is currently more than 803 million, while the 24-hour trading volume exceeds 162 million.
Source: CoinMarketCap
By the way, if you observe carefully, the price of Dogwifhat has been gradually rising since the beginning of February, by which time the bulls managed to touch the $0.47 resistance once more. However, due to the rejection, the bears took control of the price and steered it towards a descending wedge formation.
The bulls needed no more and started using the critical support at $0.28 as a soft cushion once morest the downward pressure. From there, it was quite easy for them and they successfully pushed the price up, breaking through the upper limit of the falling wedge.
WIF’s price outlook is currently quite bullish, as it is trading above the 50-day and 200-day simple moving averages (SMA). Its momentum is also supported by the Relative Strength Index (RSI) technical indicator.
$WIF Hits New All Time High As It Becomes Top 5 #Memecoin In The World. @DogWifCoin pic.twitter.com/kQcHSWi4VZ
— JAKE (@JakeG once more) February 27, 2024
A dogwifhat’s X-page its handlers were happy to announce the other day that the token has now reached the 5th place among the best meme coins (at least CoinMarketCap according to its summary based on market capitalization.)
Frogwifhat – A grumpy frog with a hat who wants to become a leading meme coin
This new and exciting Solana coin will be available on DEXs like Uniswap starting February 26th. He wants to show that no meme coin has a chance once morest him with his citizen-busting performance.
A Frog Wif Hat meme coin is considered an attractive investment, as all its tokens are in circulation and its liquidity is also locked on Uniswap. So there is no chance of cheating! The developers will no longer mint new FWIF tokens, as the right to do so has been revoked.
NO HAT?? 🎩🎩
These #MemeCoins don’t stand a chance once morest $FWIF 🚀
Check it out on #DexScreener! 👇https://t.co/YqBqH54yt0#FrogWifHat #Crypto #COOL #100x #Binance #CoinBase #BONK #PEPE pic.twitter.com/SYiPQIkE5g
— Frogwifhat (@Frogwifhat_coin) February 27, 2024
Frog Wif Hat (FWIF) is a fresh French-themed meme coin that debuted on the market with a huge price explosion. His plan is no less than to reach a market capitalization of $100 million.
It can be said that it is progressing well so far, since the in the DexScreener list based on trendiness, it has already grabbed the 23rd place.
B A G U E T T E 🥖$FWIF pic.twitter.com/ONDAV6X72M
— Frogwifhat (@Frogwifhat_coin) February 27, 2024
The number of available tokens is 1 billion FWIF tokens. It rose more than 800% in less than seven hours at launch, reaching a high of $0.0045. At the time of writing, the coin is trading at $0.001448 and has a market cap of $1.4 million.
The token highly beats a lot of coins with the feature of having no transaction tax, thus attracting backers to its side. This is what makes FWIF so attractive to long-term traders and speculators.
The price of the token retreated slightly following the initial big jump, but it is still a good subject for another rise. There is nothing to worry regarding as such pullbacks are quite common for new meme coins.
Frog Wif Hat’s mascot is very relaxed, as she holds a baguette in her hand, smokes, takes good-tasting, large sips of quality French wine, and looks down on people of other nationalities like a great patriot. Supporters of meme coins immediately recognized its great potential, and its social pages (Twitter, Telegram) also grow rapidly.
Frog Wif Hat currently only runs on the Ethereum chain, but in Phase 2 of its roadmap, it will transition to Solana and introduce itself to a new, massive audience. From then on, the coin will have every chance to overtake the success of Solana-based coins such as Bonk (BONK), dogwifhat (WIF) and Myro (MYRO).
Frog Wif Hat’s roadmap is really ambitious, for example, the team wants to win another 10,000 token holders during the marketing campaigns.
According to etherscan.io, the coin currently has more than one unique owner. You can buy Frog Wif Hat tokens through Uniswap.
Smog (SMOG) – A fiery dragon with plans for world domination
Last but not least the Smog (SMOG) project we would also like to present to you, which is very important for the competition among meme coins. It is a Solana-based coin that launched on February 7th.
It’s a pleasure to watch It trades around $0.04924 How SMOG’s social media has taken off.
The main reason for its success is that it introduces an ambitious airdrop program, during which it distributes 35% of the total token pool among community members. That’s regarding 490 million SMOG tokens, which is a huge amount.
A SMOG its appeal is further enhanced by its token staking program, which offers an APY of 42% per annum. Since its roadmap is also brilliant and includes a token burning protocol, many believe that it can follow in the footsteps of the best meme coins.
According to CoinGecko, the Solana meme coin market cap more than $2 billion and daily trading volume exceeds $300 million.
A According to Dexscreener SMOG has plenty of room for growth, with a current market cap of $1.1 million.
And if the development team can launch it on the most popular CEXs, a SMOG all your wishes might come true.
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**Attention! Our article above is Alex Reed content and does not constitute investment advice. The editors of BitcoinBázis do not take responsibility for what has been described and urge all readers to exercise caution in relation to cryptocurrency, CFD, token, cryptocasino, metaverse, DeFi, play-to-earn and ICO/STO/SAFT investments. Individual research and thorough verification of claims is highly recommended. Trade and play responsibly.**
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