High meme cash like $BONK and $PEPE are stumbling this week after falling beneath essential assist.

Newly rising sensation DogWifHat can be experiencing a nosedive because it reverses from its peak.

The drawdown is basically attributed to the $BTC value turnaround, which is now down 16% from the ETF approval highs set final week.

Whereas the sector’s heavyweights fall, two newly rising meme coin options are nonetheless rising through the turbulence.

High Meme Cash Take A Hit As $BONK Falls 65% From All-Time Highs.

The highest-ranked meme cash are beginning to face some bearish stress as they reverse the bullish stress seen all through the previous few weeks.

$BONK was one of many meme coin sensations that exploded in December, permitting the market cap to achieve as excessive as $1.5 billion.

Since peaking, $BONK has been on a downward trajectory because it at the moment sits 65% off of its all-time excessive ranges.

The cryptocurrency is now buying and selling inside a good vary between resistance at $0.0000178 and assist at $0.0001. The market would wish to interrupt to both aspect of this vary to dictate the following transfer;

$PEPE and New Sensation DogWifHat Additionally Expertise Nosedives

It’s not simply $BONK that’s seeing bearish momentum construct. Different top-ranked meme cash like $PEPE and $WIF are additionally seeing nosedives.

$PEPE is down a steep 15$ this week because it trades at 0.0000011.

The cryptocurrency is buying and selling inside a descending value channel, and a break beneath the present assist might see the meme coin head beneath the December 2023 lows;

Newly rising meme coin sensation DogWifHat can be struggling as we speak because it falls 30% from yesterday’s peak.

$WIF shortly rose to prominence this month because it surged to its present market cap stage of $474 million, placing it lower than $50 million behind $PEPE.

Nevertheless, the cryptocurrency is now displaying the primary indicators of a pullback after falling to the $0.35 stage earlier as we speak;

What Meme Cash Are Nonetheless Gaining Momentum?

Whereas the heavyweight meme cash begin to see pullbacks, there are some different meme coin choices which can be nonetheless rising through the turbulence.

Particularly, $SPONGE continues rising in momentum after attracting $5.1 million in staked belongings for its V2 improve.

Meme Kombat ($MK) additionally continues to develop after elevating an astonishing $7.1 million in its presale.

Spongebob Token ($SPONGE) Sees Monumental $5 Million in Staked Belongings for V2.

Spongebob Token ($SPONGE) is seeing sturdy momentum through the drawdown after $5.1 million price of $SPONGE V1 has been staked within the stake-to-bridge utility for the V2 improve.

$SPONGE was one of many hottest meme cash in Could 2023, surging by over 100x because it reached a $100 million market cap.

The crew just lately introduced that $SPONGE is again for its V2 improve, slated to be greater and higher than ever.

$SPONGE isn’t internet hosting a conventional presale for the V2 launch. As a substitute, it makes use of a novel stake-to-bridge mechanism to make sure a good distribution.

These seeking to take part must stake $SPONGE V1 within the stake-to-bridge utility on the venture’s web site to earn an equal quantity of V2 $SPONGE.

In case you don’t personal $SPONGE, you should buy it on the venture’s web site and have it robotically staked.

The crew goals to supply the primary 100x return for the meme coin house in 2024. Given its spectacular efficiency in 2023, the crew has already confirmed its capabilities, making this a meme coin you don’t wish to fade.

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Meme Kombat Explodes Past $7.1 Million Fundraising Degree.

One other meme coin touted to offer a minimum of a 10x return is Meme Kombat ($MK), which has raised a formidable $7.1 million in its presale.

Buyers imagine Meme Kombat can change into the umbrella venture for meme cash, attracting followers from all the initiatives as they arrive to see their meme coin mascots struggle inside a dynamic battle enviornment.

Meme Kombat integrates AI and crypto to create a battle enviornment the place individuals can place wagers on the result of the battles between meme coin mascots.

The modern gaming platform combines staking and betting options, creating a singular gaming expertise not but seen in blockchain.

The automated battles will function dynamic visualization via AI to convey the battles to life, permitting gamers to witness the motion.

General, traders are excited concerning the new period of coin gaming and are backing it with their money.

$MK can at the moment be bought on presale for $0.279.

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