Despite the correction in major cryptocurrencies, the meme t | BLOCKSAYS on Binance Square

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Despite the correction in major cryptocurrencies, the meme token sector is displaying a positive momentum. Leading the surge are WIF and BOME, with some analysts even predicting further growth. 🚀

$WIF $BOME 

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WIF

1.381

+5.42%

BOME

0.00657

+4.20%

1.9k

0

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$TAO $WIF Every single coin in the top 100 most valuable cryptocurrencies had negative dynamics. Bittensor has seen the largest loss in price over the last 24 hours, at -25.54 percent. For the week, dogwifhat saw the biggest drop, at -47.27%.

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$ETH $SOL Every single coin in the top ten most valuable cryptocurrencies dropped in value within the span of a day. Ethereum had the worst 24-hour loss at -21.23 percent, and Solana had the worst weekly loss at -31.7 percent.

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ETH $ETH Ethereum, the second most valuable cryptocurrency by market cap, also began the day on a downward trend. With a price of $2,290 per coin as of this writing

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$BTC According to TradingView, Bitcoin's (BTC) value fell at the beginning of the trading session. On the morning of August 5, the cryptocurrency was trading at $54,222.

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$DOGE Over the past week, the price of the widely used memecoin has dropped by about 14%. Investors are anticipating a quick turnaround, but IntoTheBlock's numbers don't back it up. According to the IOMAP indicator, which stands for "In/Out of Money Around Price," a selling frenzy is possible at the $0.11 mark. Based on their entry points, or buy prices, in relation to the current price, the metric categorizes present asset holders. Those that are making money, those that are just breaking even, and those that are losing money are all highlighted. Significant buy and sell zones can be identified using the resulting groups. One might anticipate that they will serve as levels of support or resistance. A stronger level is achieved when there are more addresses in a given price range.

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