WIF on ETH priceWIF

Dogwifhat (WIF): A Dog and a Hat That Work Together Meme coins are shaking up the crypto market with real potential to deliver massive returns for investors. SHIB, PEPE, and WIF are among the top contenders. Each brings something unique to the table, from strong communities to pure meme charm. Dogwifhat uses a simple, relatable concept to attract a loyal niche audience. Dogwifhat proves simplicity can win in the meme coin world. The concept is easy to understand—a dog wearing a hat. This playful idea has attracted a niche group of supporters. While Dogwifhat lacks advanced features or detailed plans, the relatable image keeps interest alive. Sometimes, a simple idea can leave a lasting impression.$WUF $SHIB

Another rollercoaster year for crypto, 2024 was the one that delivered monumental wins for Bitcoin hodlers, crypto ETF issuers and memecoin creators, particularly as Bitcoin soared past the $100,000 milestone in December. But not all was rosy. Scams and hacks cost victims $2.2 billion this year, and failed celebrity memecoin ventures drew the ire of disgruntled investors and their class-action lawyers. Here are some of crypto's biggest winners and losers of 2024. Winners — Bitcoin holders Bitcoin moved above the psychological level of $100,000 on Dec. 5. Catalyzed by the hundreds of pro-crypto candidates who won their seats in Congress and hope for the most pro-crypto US government in histor. Bitcoin climbed higher afterwards peaked at $108,000 on Dec. 17 but has been dropping to close the year. As of Dec. 27, CryptoQuant data reveals that 87% of Bitcoin holders are still in profit at a price of about $96,000. Sam Bankman-Fried, Memecoin, Bitcoin ETF, US Elections 2024 Michael Saylor's software company, MicroStrategy, is among the more high profile groups to significantly benefit from its holdings. According to the Saylor tracker, the firm's stash of Bitcoin BTCUSD is worth $42 billion as of Dec. 27. In 2021, El Salvador adopted Bitcoin as a legal tender and bought about 200 coins. The country has since increased its holdings to 5,942 Bitcoin, worth $576 million at current prices. Several other firms followed MicroStrategy's lead and adopted Bitcoin as part of their treasuries as well. On Dec. 23, investment firm Metaplanet of Japan bought another 620 Bitcoin. Its holdings now stand at 1,762 Bitcoin, worth about $169 million. Its stock rose 5% after the purchase was announced, Google Finance reported. On Nov. 25, YouTube alternative Rumble said it would begin adding Bitcoin to its balance sheet. Its shares rose 12.63% immediately after the announcement to $7.31, Google Finance reported. US crypto ETFs issuers On Jan. 10, the US Securities and Exchange Commission (SEC) approved the 19b-4 applications from asset managers for US Spot Bitcoin exchange-traded funds (ETFs). Bitcoin ETFs, per K33 Research, exceeded gold funds for the first time on Dec. 16, collectively breaking $129 billion in assets under management (AUM). Sam Bankman-Fried, Memecoin, Bitcoin ETF, US Elections 2024 The figure included spot Bitcoin ETFs and ETFs tracking Bitcoin's performance using financial derivatives such as futures. Memecoins Memecoins pumped again in 2024, becoming some of the year's best performers. According to data from CoinGecko, memecoin market cap currently stands at $104 billion, led by Dogecoin (DOGE) and Shiba Inu (SHIB) at $45 billion and $12 billion. So far this year, Solana-based Dogwifhat (WIF) meme token has rallied over 879%. Pepe (PEPE) is also up 1,205%. Solana memecoin launchpad Pump.fun was responsible for a huge flood of memecoins throughout the year. According to Dune, the platform’s total revenue is over $325 million despite 98.6% of memecoins failing to even launch. Crypto lawyers Just like previous years, 2024 has been marked by crypto litigation and ongoing bankruptcies. The SEC was at the center of a few hundred lawsuits against crypto firms, according to its Nov. 22 annual report showing $8.2 billion in financial remedies for the year ending Sept. 30. Cases declined 26% from the previous year to 583. Whichever the case, crypto lawyers always managed to come out on top. A Bloomberg Law August report found that law firms working on Chapter 11 crypto bankruptcies alone reportedly requested and received fees totaling $751 million. Sam Bankman-Fried, Memecoin, Bitcoin ETF, US Elections 2024 In 2023, lawyers, accountants, consultants, analysts and other professionals collected at least $700 million in payments from the bankruptcies of major crypto firms. Losers — Scam, hack, and exploit victims Scammers certainly came out in force in 2024. In a Dec. 19 blog, blockchain analysis firm Chainalysis said total losses from scams, hacks, and exploits hit $2.2 billion this year across 303 incidents. This amounts to an increase of 21% from the loss amount incurred in 2023 at $1.8 billion through 282 incidents. The three major incidents amounting to the thefts made this year add up to $825 million. In May, hackers suspected by the FBI to be linked with North Korea stole over $300 million from the Japanese crypto exchange DMM through social engineering directed at company employees, making it the biggest heist of 2024. Months earlier, a decentralized finance and gaming platform called PlayDapp had $290 million in its PLA tokens drained by hackers who later ignored a $1 million bounty to return them. Composing three is one of India's biggest crypto exchanges, WazirX, which was plundered of $235 million from its vault in June. Celebrities queuing up for the crypto line Some celebrities have shilled crypto projects or launched non-fungible tokens (NFT) collections to ride the hype in past cycles, and this cycle has been no different, with some even landing themselves a proposed class action lawsuit over their controversial token launches this year. Among the newest, Haliey Welch, otherwise known as Hawk Tuah girl, released on Dec. 4 the memecoin Hawk Tuah, or HAWK. The token pumped momentarily to a peak of $490 million in its market capitalization and crashed quickly down to $41.7 million. Allegations of sniper attack and insider sales from wallets have continued on since. On Dec. 19, investors filed a lawsuit against a number of entities that had helped launch the coin, accusing them of promoting and selling an unregistered securities offering. After weeks of silence, in a Dec. 20 X post, Welch said she was "fully cooperating" with lawyers. Bitcoin paper hands and nocoiners While there were diehard hodlers, there were also those that sold too early or didn't jump in at all. Germany sold nearly 50,000 Bitcoin seized from movie piracy website, movie2k starting July 12, making a haul of roughly $2.8 billion when Bitcoin was around $57,000— which already garnered plenty of head-shaking from Bitcoiners. According to CoinGecko, Germany's 50,000 Bitcoin would be worth around $4.7 billion at current prices. Another recipient of criticism is the US after it sent 19,800 Bitcoin of its stash from shutting down the online Silk Road black market in 2013, which amounts to $1.9 billion, to the crypto exchange Coinbase on Dec. 2. Sam Bankman-Fried, Memecoin, Bitcoin ETF, US Elections 2024 According to Spot on Chain, the US government still holds about 183,850 Bitcoin worth around $17.7 billion across various known addresses. Crypto thieves On 28 March, Sam Bankman-Fried, former chief of FTX, got himself sentenced to 25 years in prison due to being convicted on seven counts of felonies. The underworld's hackers, however did face the wrath of justice with some of them facing major blows, such as Ilya Lichtenstein who actually robbed Bitcoin from Bitfinex crypto exchange back in 2016. The U.S. regulators also received lawsuit settlements over $19 billion from the crypto companies in 2024, 78% higher than that in 2023, which only accounted for $10.87 billion paid $BTC

$WIF Based on its recent price action, WIF was trading within a narrow range of the pattern at press time. If it breaches and closes a four-hour candle above the $1.945-mark, there may be a strong possibility that it could soar by 20%, hitting the $2.32-level in the near future. On the positive side, WIF’s Relative Strength Index (RSI) seemed to be below the overbought zone – A sign of a potential price recovery. However, WIF’s bullish outlook will only remain valid if it breaks out of the pattern and closes a four-hour candle above $1.945. Otherwise, it may fail to sustain its recovery on the charts. . On-chain metrics share mixed sentiments In addition to WIF’s bullish outlook, traders and investors have shown strong interest in the memecoin, as reported by the on-chain analytics firm Coinglass. In fact, data from WIF’s spot inflow/outflow revealed that cryptocurrency exchanges have seen outflows of a significant $15.9 million worth of WIF memecoins. This alluded to a potential upside rally and an ideal buying opportunity. Despite long-term holders accumulating the memecoin, however, intraday traders might be hesitant to build new positions. This was evidenced by WIF’s Open Interest dropping by 4% in 24 hours – Indicative of the liquidation of traders’ positions.

Price decline it has experienced over the last few weeks. As of today, December 28, 2024, WIF has begun experiencing upward momentum, with the price surge standing out notably compared to other assets. The significant price surge in $WIF can be explained by the recent breakout of the descending price action pattern, interest from long-term holders, and the shift in market sentiment across the cryptocurrency landscape. Dogwifhat (WIF) Technical Analysis and Upcoming Level According to expert technical analysis, WIF has not only broken out of a descending price action pattern but has also successfully retested its crucial support level of $1.80. This recent support for WIF is the third occurrence since November 2024. $WIF Price Prediction Based on historical price momentum, whenever the meme coin reaches this level, it experiences buying pressure and notable upside momentum. This time, experts and analysts anticipate a similar kind of upside momentum in the future. Based on the recent price action, if WIF successfully breaches the descending triangle price action pattern and closes a four-hour candle above the $1.945 mark, there is a strong possibility it could soar by 35% to reach the $2.65 mark in the future. WIF’s bullish thesis will only hold if it successfully breaches and closes a candle above the inclined trendline, otherwise, it may fail. $16 Million Worth of WIF Outflow Besides this bullish price action, investors and long-term holders have continuously been accumulating the tokens despite the price struggling to gain momentum, as reported by the on-chain analytics firm Coinglass. Data from WIF spot inflow/outflow reveals that exchanges across the cryptocurrency landscape have witnessed an outflow of a significant $16 million in WIF meme coins. The term “outflow” refers to the movement of assets from exchanges to wallet addresses, which potentially indicates upside momentum and an ideal buying opportunity. Current Price Momentum At press time, $WIF is trading near $1.92 and has experienced upward momentum of over 4% in the past 24 hours. During the same period, its trading volume surged by 15%, indicating heightened participation from traders and investors amid the recent breakout.

Solana surpasses Ethereum on DEX volume amid meme coins rally The Solana blockchain has supplanted Ethereum as the leader in trading volume on decentralized exchanges. According to DeFiLlama, trading volume on decentralized exchanges (DEX) in Solana increased by 67% in seven days to $21.3 billion. Over the same period, the volume of decentralized exchanges based on Ethereum grew by 3% to $19.4 billion. Solana (SOL) tested the $200 level this year, while Ethereum (ETH) climbed to the $4,000 level in March amid Bitcoin’s (BTC) rally to a new all-time high. Solana managed to gain primacy thanks to the hype around Solana-based meme coins Dogwifhat (WIF), Bonk (BONK), Book of Meme (BOME), and Slerf (SLERF). According to Reflexivity Research, Solana’s volume growth began in the fourth quarter of 2023 due to the proliferation of points and giveaway programs such as Solana DEX Jupiter. “Solana has recently .