Meme Coin Costs Are Rallying As soon as Extra, Sparked by the Bitcoin Worth Hitting $66400 At the moment on Friday

The meme coin market capitalization is up by 4% and is hovering above the $54 billion mark.

Meme coin costs are rallying as soon as once more, following the Bitcoin value hitting $66,400 at present on Friday. The meme coin market capitalization is up by 4% and is hovering above the $54 billion mark.

In the meantime, market chief Dogecoin is up almost 5% over the previous few hours and is buying and selling at $0.125 at press time.

Unsurprisingly, new meme cash are additionally in excessive demand as traders hope to repeat the rags-to-riches returns they noticed on this 12 months’s first-quarter bull rally.

As an example, WienerAI has raised over $7 million in early presale investments as good cash merchants name it the subsequent 100x meme coin.

Whales Purchase DOGE – How Excessive Can The Dogecoin Worth Go?

The Dogecoin value is skyrocketing and seems poised for a bullish continuation, contemplating its $640 million day by day buying and selling quantity.

Extra importantly, whales look like stacking DOGE in preparation for a bullish breakout. Standard crypto analyst Ali Martinez has revealed that whales have bought 60 million $DOGE on June 18th.

This doesn’t essentially imply that the highest meme coin is out of the hazard space. The bulls would nonetheless have to reclaim the 100-day and 200-day Easy Transferring Averages, that are presently hovering at $0.142 and $0.128 respectively.

Nonetheless, consultants at the moment are decidedly bullish on Dogecoin, particularly contemplating the variety of key components in its favour.

As an example, the Federal Reserve now seems poised to chop its rates of interest in September, with the CME FedWatch software displaying a 93% risk for it.

The bullish affect of quantitative easing on DOGE can’t be overstated, particularly contemplating the historic correlation that exists between the Dogecoin value and the M1 cash provide.

Equally, Elon Musk’s continued assist of Dogecoin stays a powerful level in its favour, particularly now that he has overtly backed Donald Trump’s 2024 bid in November.

As the chances of a Trump victory quickly improve, the Dogecoin value seems to be on the cusp of a significant breakout.

Most significantly, consultants and whales stay assured that Doge will hit the $1 mark in some unspecified time in the future throughout this bull cycle, This may imply over 9x returns for traders shopping for the token at present.

Sensible Cash Merchants Additionally Purchase WienerAI – Subsequent 100x Meme Coin?

WienerAI (WAI) has shortly grow to be one of the crucial in-demand new meme cash, elevating over $7 million in early presale investments.

A number of smart-money merchants publicly claimed to have bought the token, because of its progressive mixture of memes and cutting-edge AI utility.

Certainly, WienerAI isn’t an unusual utility-less meme coin. The hilarious portrayal of its mascot – an element doge, half sausage hybrid – is just one of its enticing factors.

As an example, the mission is launching its personal AI-enabled buying and selling bot, drawing comparisons to Floki on this regard. The developer group is portraying this bot because the ChtGPT of crypto, a multi-purpose software for all token holders.

Certainly, customers can make the most of MEV safety, seamless swaps and any investment-related queries at no further price.

Equally, WienerAI can be launching a staking pool, which is presently providing a reward fee of over 140%.

Due to its distinctive worth proposition, crypto influencers and consultants are bullish on its value potential, with some even calling it the subsequent 100x meme coin.

Visit WienerAI Presale

The above is the detailed content of Meme Coin Costs Are Rallying As soon as Extra, Sparked by the Bitcoin Worth Hitting $66400 At the moment on Friday. For more information, please follow other related articles on the PHP Chinese website!