As DogWifHat Races For Breakout, This Other Crypto Token Is Going Viral

WIF price is consolidating despite DogWifHat’s high MCap, and now investors are looking at 99BTC in the ongoing viral 99Bitcoins presale.

It has not been all rosy for crypto and top coins like Bitcoin, Ethereum, and meme coins. Solana is not operating all full-throttle, price-wise, despite the high throughput platform hosting meme coins (understandably, the blockchain is more scalable than Ethereum).

However, after yesterday, there were hints that buyers of Q1 2024 were reconsidering crypto once more. Bitcoin broke $66,000, Ethereum eased past $3,000, while Solana rallied above $150.

Funding on $WIF is literally negative and you're still shorting??

Do you have negative IQ? pic.twitter.com/ErxQKYWzwd

— Documenting dogwifhat 📄🐶🧢 (@DocumentingWIF) May 15, 2024

These were immediate liquidation levels that capped the previous consolidations. Even with these gains, most coins are not out of the woods yet.

There must be sharp confirmations, lifting valuations to new day or weekly highs.

WIF Price Analysis: DogWifHat Stuck In A Consolidation

Among those suffering the bear brunt is DogWifHat (WIF). According to CoinMarketCap, WIF is the fourth most valuable meme coin, trailing Dogecoin, Shiba Inu, and PEPE.

With a market cap of just $2.7bn (miles behind Bitcoin or Solana), supporters expected movement on May 16. However, this didn’t print. For now, WIF is relatively stable, adding just 5% in the last week of trading.

(Meme Coin MCaps)

Zooming to the daily chart, WIF has been consolidated even with the broad and loyal fan base. The local resistance is $3.7, while support is $2.2.

(WIFUSDT)

Though the token is down -40% from all-time highs, the primary trend is bullish. While the WIF price chart may appear stagnant, there are hints that there might be more room for gains. 

For instance, trading volume is up +17% in the past 24 hours. 

At the same time, considering the direct correlation between SOL and SPL tokens’ performance, it won’t be a surprise for WIF to rally if SOL spikes in the days to come, breaking $200.

More WIF Traders Are Buying 99BTC In The Ongoing Viral Presale

Before then, more DogWifHat investors had been looking for alternatives with the trending learn-to-earn platform, 99Bitcoins, which was stealing the show.

The 99BTC presale is already going viral, going by the pace at which the project attracts capital.

This spike all has to do with what 99Bitcoins brings to the table. The authoritative and educational news site launched in the early days of crypto and Bitcoin, going live in 2013.

However, plans are underway to revamp the site and relaunch it in Q3 2024. After over ten years, 99Bitcoins will relaunch as an L2E platform primed by 99BTC. The overarching goal will be to onboard millions of users into crypto.

99BTC will be central to 99Bitcoins. Though it currently exists as an ERC-20 token, it will migrate to Bitcoin and launch as a BRC-20.

Over $1.2 million has been raised in the ongoing viral 99Bitcoins presale. At the current presale stage, each 99BTC is available for $0.00105.

While the utility of 99BTC is obvious and behind the frenzy, the promise of high staking yield, standing at over 1,100%, is drawing investors in droves. 

At the same time, considering how massive 99Bitcoins is, holders expect prices to surge, even exceeding $100 million in market cap.

Buy 99BTC Here

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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