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Crypto market upswing boosts meme coins like Dogwifhat & Shiba Inu. New token WienerAI gains traction with AI-driven features, raising $3.3M+ presale.
The improving market conditions in the crypto space are helping reignite interest in meme coins. Dogwifhat (WIF) and Shiba Inu (SHIB) are among the top-performing meme tokens, up by 9% and 5% in the last 24 hours, respectively. However, analysts believe that this is just the beginning of their bullish momentum.
Recent meme coin growth is also increasing investor interest in new presale tokens, such as WienerAI (WAI). This new project leverages artificial intelligence to create a trading bot and offers huge staking rewards to token holders. In just a few months of the presale launch, WienerAI has already raised more than $3.3 million.
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Dogwifhat and Shiba Inu boast big recent gains
The interest in meme coins is growing once again, as top cryptos, including Dogwifhat and Shiba Inu, are benefiting from recent price action.
Dogwifhat has reached the $4 mark for the first time since early April and is up by 35% in the last 7 days. Bullish market sentiment for WIF followed as Lookonchain, a popular analytics platform, shed light on recent whale activity for the token.
On 26th May 2024, a whale spent nearly $3 million worth of SOL to buy WIF at $3.13 per token. The price increased by 7% instantly.
Many analysts, such as Bonk Guy, a popular crypto trader with 25K X followers, are bullish on the current WIF price.
In a recent tweet made on May 23rd, 2024, Bonk Guy expressed satisfaction over the recent WIF price action. “WIF shorts are getting squeezed hard, just the way it should be,” said Bonk Guy.
$WIF shorts are getting squeezed hard rnjust the way it should beas i said repeatedly while the whole TL was doomposting WIFthe hatted dog is headed to $10and it's never seeing $1 again we are in a memecoin supercycle, whether or not you believe it https://t.co/Ld0waD0ADX pic.twitter.com/UBF8GWW2PO
— Unipcs (aka 'Bonk Guy') 🎒 (@theunipcs) May 22, 2024
Given the recent price surge, Bonk Guy believes that Dogwifhat is headed toward the $10 mark and will never drop below $1 again.
After a lean period for most of 2023, Shiba Inu (SHIB) is also experiencing bullish momentum. In the last month, SHIB is up by more than 16%. Nebraskangooner, a popular X analyst with over 345K followers, noted that SHIB has broken out and tested a trend line resistance.
$SHIBSuccessful breakout and retest https://t.co/w0ODf7nRvw pic.twitter.com/cy0c3RBD2f
— Nebraskangooner (@Nebraskangooner) May 21, 2024
Other analysts, such as Jason Marks, believe that Shiba Inu may continue to offer bullish momentum. The analyst states that a break above the $0.000081 mark could spark a 90% price increase.
Currently, SHIB is trading at the $0.000028 mark, with a live market cap of nearly $17 billion.
Shiba Inu and Dogwifhat aren’t the only meme coins seeing gains, though – the new WienerAI is also making waves as its presale exceeds the $3.3m mark.
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WienerAI could be the next meme coin to surge
WienerAI (WAI) is an AI-powered trading bot packaged behind a hilarious meme coin exterior. The project aims to target two of the top most growing niches in the crypto space – artificial intelligence and meme coins.
WienerAI’s trading bot will be beginner-friendly and offer instant trading opportunities to platform members. By using AI algorithms such as predictive analysis, WienerAI scans the crypto markets for potential trading opportunities.
The bot also studies the historical prices of different digital currencies and tracks real-time price movements. Thus, it can help give traders an edge in these volatile markets. Furthermore, WienerAI offers instant on-chain trading and feeless swaps.
On the ecosystem, $WAI token holders can stake their holdings to generate an annual yield of up to 310%. From a total supply of 69 billion tokens, 20% will be offered as staking rewards. Another 30% is currently being distributed for the presale.
Traders are very bullish on the token, with the likes of renowned small cap hunter Jacob Bury stating that $WAI has the potential to become the next 100x meme token.
At press time, WAI is priced at $0.000711 per token. In only a few months since the presale launched, WienerAI has raised more than $3.3 million.
The next price increase takes place in three days, so there’s limited time left to secure WienerAI tokens at the lowest possible discount.
For more information, visit WienerAI’s presale website.
Read more: DOGE, SHIB surge amid GameStop pump as WienerAI sets to excel
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