TherecentcryptodiphashaltedamemecoinfrenzythatsawDogwifhat(WIF)andBonk(BONK)soartothemoon.ThisdevelopmenthaspavedthewayforWW3Shiba(WW3S),anupcomingSocialFinancememecoin,tocaptureinvestorattentionduetoitspotentialformassivepresalegains.
Memecoin mania reached its peak during the recent crypto bull market, with tokens like Dogwifhat (WIF) and Bonk (BONK) experiencing astronomical rises. However, as the market has taken a downturn, these memecoins have also seen their gains erode. This development has shifted investor attention to upcoming projects, such as the SocialFi memecoin WW3Shiba (WW3S), which is currently available for purchase during its presale. Investors are showing a strong preference for WW3Shiba over Dogwifhat and Bonk due to its earlier coin offering stage, which is making it a top crypto coin to buy now.Memecoins are known to be highly volatile, especially compared to blue-chip cryptocurrencies. In recent times, Dogwifhat has experienced significant liquidations of leveraged longs due to the falling prices. Currently, Dogwifhat is trading at $1.98, showing a decrease of 16% in the past 24 hours. According to analysts, the **memecoin** will continue to decrease in value if there is no positive Dogiwifhat news. Most experts have given a bearish Dogwifhat price prediction, with many forecasting that its price will fall below $0.5. On the brighter side, Dogwifhat is still up by 1,057% over the last year, placing it among the best-performing crypto assets during that period.
Solana-based memecoin Bonk also enjoyed a period of immense popularity, but as investors are selling their tokens amid an unexpected and prolonged downtrend, Bonk is experiencing sharp drops in value. This decline has prompted crypto analysts to express concerns about the Bonk price continuing to fall until the market finds its footing. Despite efforts by the Bonk community to remain optimistic, the Bonk price chart presents a bleak picture, with the token showing a decrease of 15% over the last month. However, like many altcoins that have enjoyed a crypto summer since late 2023, Bonk is still up by 6,445% over the last year. There are concerns that Bonk could retest its 2023 lows.
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