DeFI News by Thebittimes.Com

Every year, the cryptocurrency industry welcomes numerous meme coins. While some make it big a few others turn out to be mere scams. As these assets follow the footsteps of Shiba Inu (SHIB) and Dogecoin (DOGE) only a few have managed to mirror their popularity. A fairly new meme coin that made headlines was Dogwifhat (WIF). The asset has been keeping it low as coins were utility was taking the front stage. But things could be changing for WIF with the start of the new month. Also Read: Solana Vs. XRP: Which Will Turn $1000 Into $1 Million First? Looking Into The WIF Market Source: Biztech Africa Unlike the rest of the market, WIF was seen in a downtrend. The meme coin has been moving downwards since the beginning of the month. Throughout January, the asset has dipped by 34%. During press time, the dogwifhat was trading at $1.20. This was achieved after a significant drop of 9.70% over the past 24 hours. Source: CoinMarketCap While this is certainly bearish for the WIF ecosystem, the as...

A crypto strategist is warning meme tokens Pepe (PEPE) and dogwifhat (WIF) are now in prime spots to witness deep corrective moves. Pseudonymous trader Credible Crypto tells his 425,900 followers on the social media platform X that he’s leaning bearish on PEPE. According to the analyst, the current PEPE rally will lose steam, setting the stage for a collapse below $0.00000570. “HTF (high time frame) distribution takes time. After bouncing off of our range lows, we are now back at the range highs and once again struggling to clear them – likely leading to another deviation and failure. The next leg down on BTC should give us an outsized move down on PEPE as well. I’m short.”  Source: Credible Crypto/X At time of writing, PEPE is trading for $0.000011, up over 13% in the past day but still close to Credible Crypto’s range high zone. Turning to fellow memecoin WIF, the trader says the altcoin is flashing a bearish setup at its rang...

A widely followed crypto strategist and trader believes that steep rallies are in store for one Solana (SOL) challenger. Pseudonymous analyst The Crypto Dog tells his 829,200 followers on the social media platform X that layer-1 chain Sui (SUI) may be poised to witness huge bursts to the upside after printing a new all-time high (ATH). With blue skies ahead for SUI, the trader thinks it is within the realm of possibility for the altcoin to go vertical. “We gonna see a proper parabolic ATH break run?”  Source: The Crypto Dog/X At time of writing, SUI is worth $2.32 slightly below its new all-time high recorded just hours ago. Turning to the memecoin Pepe (PEPE), the trader thinks it is gearing up to take out its diagonal resistance and spark a new leg up. “PEPE wants to start something.”  Source: The Crypto Dog/X At time of writing, PEPE is trading at $0.00000962, still below the analyst’s diagonal resistance. Looking at fellow ...