Cryptocurrency traders are starting to adopt bullish sentiments in the fourth quarter, with Bitcoin approaching $BTC
It broke through the $70,000 barrier a few days ago, which led to a recovery in alternative digital currencies.
Meme coins, known for their dynamic response to market shifts, often see sharp moves during these bullish waves, often outperforming traditional altcoins in the short term. Among meme coins, DojoyFat (WIF) and Goatsius Maximus (GOAT) stand out as assets that have seen significant moves in the past period.
Dogfights (WIF)$WIF
Over the past 10 weeks, the Solana-based Dogwifhat coin has shown a remarkable recovery from $1.07 to $2.97, representing a growth of 177%. However, the coin’s price recently fell to $2.4, while its market cap dropped to $2.41 billion.
According to Coinglass data, the WIF OI-Weighted funding ratio remains positive at 0.0082%, indicating that traders are still willing to pay a premium to hold their long positions, reflecting an optimistic outlook despite short-term price corrections.
So, WIF price looks set to form a new higher low and move above $3.
GOAT
Goatsius Maximus (GOAT) is an AI-generated meme coin that quickly caught the attention of investors thanks to its high momentum.
According to data from Lookonchain, a leading blockchain transaction tracking platform, a trader has turned his entire stake of 15.15 million GOAT, which he bought for 5 Solanas (roughly $727), into 15,883 Solanas (roughly $2.44 million). However, GOAT has continued to rise and is now at $0.69, boosting its market cap to $695.47 million. Had the trader maintained his current position, his profit would have exceeded $10 million instead of $2.44 million.
GOAT
Goatsius Maximus (GOAT) is an AI-generated meme coin that quickly caught the attention of investors thanks to its high momentum.
According to data from Lookonchain, a leading on-chain transaction tracking platform, a trader has turned his entire stake of 15.15 million GOAT, which he bought for 5 Solanas (roughly $727), into 15,883 Solanas (roughly $2.44 million). However, GOAT has continued to rise and is now at $0.69, boosting its market cap to $695.47 million. Had the trader maintained his current position, his profit would have exceeded $10 million instead of $2.44 million.
The coin has recently gained a lot of attention after rumors spread on social media that the meme coin on the Solana platform was launched by an AI bot. The rumors claimed that the coin was launched by an Andreesen Horowitz-backed bot known as the Truth Terminal.
However, the creator of Truth Terminal, Andy Ayre, denied these claims, explaining that the bot was only used to promote the coin, and was not directly involved in the launch of GOAT.
However, interest in meme coins seems to remain high, as evidenced by their recent gains. Additionally, the top meme coins on Solana have recently gained significant popularity, leading to a surge in their prices. However, investors are advised to exercise caution due to the historically volatile nature of the meme cryptocurrency market.
