Meme Coins Post-Halving Performance The crypto meme industry and other related industries are likely to experience upward momentum after the Bitcoin halving is completed, which is indeed happening. DOGE and SHIB Technical Analysis and Upcoming Levels
Despite the huge upside momentum in the crypto meme industry, Dogecoin is trading close to an important support level on the weekly timeframe. However, this halving event might help DOGE to create a new 52-week high. SHIB, however, looks bullish on the daily timeframe and has the potential to surge by nearly 10% in the next 24 hours. The main reason behind the expectation is a breakout from the consolidation zone. However, on a weekly basis, SHIB is bullish and could see gains of more than 50%.
However, over the past few days, crypto whales and institutions have been accumulating a large amount of these meme coins including DOGE, WIF, SHIB, etc. The sharp price surge in the crypto meme industry highlights the interest of investors after the Bitcoin halving event.
In addition to the crypto meme industry, the entire cryptocurrency market also rose by nearly 3%, and the world's largest cryptocurrencies such as Bitcoin and Ethereum also experienced decent upward momentum, rising by 0.5% and 0.2% respectively. Other cryptocurrencies including Solana (SOL), Binance Coin (BNB) and Ripple (XRP) also experienced good upward momentum in the past 24 hours.
The crypto meme space has seen significant growth following the Bitcoin halving, with an increase of over 6%. Leading memecoins such as Dogecoin, Dogeifhat, and Shiba Inu have experienced significant gains in the past 24 hours, a critical moment for investors and traders.
Meme coin performance after halving
Today, April 20, 2024, these meme coins have shown extraordinary momentum after a week of perseverance. However, investors and traders have already expected that
The crypto meme industry and other related industries are likely to experience upward momentum after the Bitcoin halving is completed, which is indeed happening.
If we look at the performance of these meme tokens, Dogwifhat (WIF) token has gained a huge upward momentum of over 12% and is currently trading at nearly $2.9. However, the world’s largest meme coin DOGE has experienced a huge upward momentum of 6% and is currently trading at nearly $0.15. In addition, the recently launched Solana-based meme coin Book Of Meme (BOME) has also experienced a huge upward momentum of over 13%.
DOGE and SHIB Technical Analysis and Upcoming Levels
Despite the huge upside momentum in the crypto meme industry, Dogecoin is trading close to an important support level on the weekly timeframe. However, this halving event might help DOGE to create a new 52-week high. SHIB, however, looks bullish on the daily timeframe and has the potential to surge by nearly 10% in the next 24 hours. The main reason behind the expectation is a breakout from the consolidation zone. However, on a weekly basis, SHIB is bullish and could see gains of more than 50%.
However, over the past few days, crypto whales and institutions have been accumulating a large amount of these meme coins including DOGE, WIF, SHIB, etc. The sharp price surge in the crypto meme industry highlights the interest of investors after the Bitcoin halving event.
In addition to the crypto meme industry, the entire cryptocurrency market also rose by nearly 3%, and the world's largest cryptocurrencies such as Bitcoin and Ethereum also experienced decent upward momentum, rising by 0.5% and 0.2% respectively. Other cryptocurrencies including Solana (SOL), Binance Coin (BNB) and Ripple (XRP) also experienced good upward momentum in the past 24 hours.
