Cryptocurrency Price Prediction: The cryptocurrency market has seen a new high since last week after the Bitcoin halving was completed. Renewed demand pressure indicated the formation of a local bottom for BTC at $60,000, pushing its price to $67,000.
Furthermore, Santiment notes that Bitcoin whales holding between 1,000 and 10,000 BTC have consolidated their positions, accumulating an additional 266,000 BTC since early 2024. This rise represents a whopping 1.24% of the total BTC supply. Amid emerging FOMO sentiments within the cryptocurrency community, these whales now control 25.16% of all Bitcoin in circulation, fueling the potential for an even higher rally.
According to recent data, the Meme coin sector is leading the post-halving phase with assets like Bonk, Dogwifhat (WIF), Floki, and Pepe Coin (PEPE) recording double-digit growth today.
Read also: Cryptocurrency prices today, April 24: Bitcoin price at 67 thousand, ETH gains, Hedera & Bonk rise
1) Dogecoin (DOGE)
Dogecoin (DOGE) started out as a meme but has evolved into a prominent cryptocurrency with a strong community. Dogecoin was initially created in 2013 as a fun alternative to Bitcoin, and features a Shiba Inu dog from the “Doge” meme as its mascot.
Nearly two months ago, DOGE price led a sideways movement that resonated within two converging trend lines in the daily chart. memecoin is currently trading at $0.161, showing no clear dominance from buyers or sellers with a neutral candle.
Dogecoin’s current market cap is $23.26 billion, while trading volume has risen since yesterday’s gains to $1,234.
A potential bullish breakout from this triangle will indicate a continuation of the recovery trend, boosting DOGE price to target the $0.206 barrier, followed by $0.22.
Read also: Cryptocurrency explodes in first pre-sale, as Dogecoin millionaire bets big, while Shiba Inu surges again
2) Dujoyfat (WIF)
Dogwifhat (WIF) stands for a cryptocurrency meme built on the Solana blockchain, depicting a charming Shiba Inu wearing a cheerful pink knit hat. With a market capitalization of $3.46 billion, these assets maintain their place among the top 40 cryptocurrencies.
The recent corrective trend of WIF price reached the $2 psychological level amid the Bitcoin halving. The positive shift led to the currency’s value rising by 82.75%, restoring more than 50% of its value that had evaporated in the last recession.
With an intraday jump of 17%, WIF price gave a decisive breakout from the downtrend line to currently trade at $3.52. If the breakout continues, memecoin buyers could push the rally to $4.3, followed by $4.85.
3) Bonk
BONK, Solana-based cryptocurrency It has seen a strong inflow since last week after reversing from the $0.0000132 support. This surge pushed the memecoin price to $0.0000276, recording a growth of 114%.
This recent rise in BONK’s price will likely be accelerated by its listing on neobank Revolut’s global trading platform. This development increases BONK’s visibility and accessibility to a wider audience of potential investors, leading to increased demand.
According to coin market cap, BONK currently has a market capitalization of $1.08 billion, while 24-hour trading is recorded at $703.2 million.
If the bullish momentum continues, BONK price may break through the overall resistance of $0.00003, favoring buyers to lead a higher recovery to $0.000036 and $0.0000428.
Read Also: BDAG $0.001 Price Rise Surpasses ETH Bull Run Price and BONK Price
Key takeaways
Post-halving expectations remain high among market participants, with leading cryptocurrencies such as Bitcoin and Ethereum seeing active accumulation from whales. The meme sector outperformed in last Friday’s new relief rally demonstrating its ability to lead a higher momentum rally amid positive development in the broader market.
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