The post Dogwifhat, Floki fall after recent pumps as new memecoin raises $4m ahead of IEO appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dogwifhat and Floki face significant price drops amid a market-wide selloff, but Sealana’s presale shows bullish potential with over $4 million raised. Dogwifhat and Floki have endured major price downturns this week, fueled by a broader crypto market selloff. However, the emerging memecoin Sealana continues to show bullish potential, with its presale total raise surpassing $4 million ahead of its exchange listing later this month. WIF and FLOKI decline as crypto market uncertainty sets in A market-wide selloff has proved memecoins are not invincible. The crypto market leaders Bitcoin, Ethereum, and BNB are all deep into the red this week. BTC is down 5%, ETH is down 7%, and BNB is down 12%. However, the added volatility of memecoins has slashed prices across the board, with Dogwifhat and Floki faring worst for wear. Currently, WIF is trading at $2.58, at breakeven today and down 25% this week. It holds a $2.5 billion market cap and a $450 million 24-hour trading volume. Bearish sentiment is dialing up as respected analyst Bluntz argues that “$1 is inevitable” for WIF. This would equate to a 61% selloff from its current price and a 79% selloff from its March all-time high of $4.85. However, others remain optimistic that WIF can recover. For instance, Trader Koala suggests a bottom is in and anticipates a swift repricing toward $3.6. In a similar fashion to WIF, Floki has experienced relentless selling pressure this week. It is currently trading at $0.0002317, down 6.5% today and 28% this week. Floki holds a $2.2 billion market cap and a $436 million 24-hour trading volume. Traders are hopeful that Floki’s higher time frame bullishness will prevail, but the recent selloff has…

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Filed under: News - @ June 13, 2024 3:22 pm