The list of today's most popular cryptocurrencies CoinMarketCap features Ethena (ENA), Meme Ai (MEMEAI) and Dogwifhat (WIF). $MEMEAI is up more than 50% in the last day.
In crypto news media, several pre-sale tokens that have yet to hit exchanges are also trending, including new meme coins. Dogecoin20 (DOGE20) and Slothana (SLOT).
Ethena Price Prediction
Recent Binance Listing Athena is all the rage in the crypto space with its new synthetic dollar protocol, USDe, built on the Ethereum blockchain. This protocol is not just a technical achievement; represents a strategic pivot towards a decentralized financial system, free from traditional banking limitations.
USDe offers a stable, scalable, and censorship-resistant alternative for digital transactions, backed by sophisticated Ethereum collateral and delta hedging mechanisms.
Currently, Ethena's market position is strong, with a trading price of $0.91 and an impressive 24-hour volume of over $1 billion, despite a recent correction of around 16%. ENA's market capitalization is approximately $1.3 billion and it is already among the top 80 coins on CoinMarketCap despite its launch on April 2.
Digging deeper into the technical aspects, Ethena has some key numbers to watch. The pivot point is at $0.88, with resistance lines drawn at $1.05 (thanks to the 23.6% Fibonacci Extension), $1.34, and $1.48. For those looking to gauge support levels, keep an eye on $0.74, followed by $0.60 and $0.43. The Relative Strength Index (RSI) is at 59, indicating a market in balance, but on the verge of exciting moves.
For those interested in following Ethena's journey and engaging with her community, numerous social platforms offer real-time updates and discussions. He official website provides comprehensive information, while telegram group hosts over 10,000 members who actively discuss Ethena developments.
In TwitterEthena Labs has 160.3K followers and offers a stream of updates, insights, and community interactions.
Ethena's upside potential depends on holding above $0.88, while a drop below this pivot could trigger a sell-off.
Meme Ai Price Prediction
meme aiPriced at approximately $0.008, it exemplifies a dynamic combination of technology and humor, offering more than the typical meme coin experience.
On Friday, Meme Ai witnessed a remarkable 30% increase in its value with a trading volume of around $6 million. That continued into the early hours of Saturday, and MEMEAI is now up 50% in the last 24 hours.
Ranked 1315 on CoinMarketCap, Meme Ai has a market capitalization close to $9 million.
Technical analysis highlights a pivot point at $0.008. The asset faces immediate resistance at $0.009, with subsequent barriers at $0.010 and $0.011.
On the downside, support levels are set at $0.007, $0.005, and $0.004. The Relative Strength Index (RSI) of 65 suggests increasing momentum, while the 50-day EMA at $0.007 indicates a possible consolidation zone.
Presence of Meme Ai on social networks, with more than 4,028 Telegram subscribers and 5,066 Twitter followers, reflects a thriving community committed to combining digital currency and entertainment. In summary, Meme Ai demonstrates a bullish trajectory above the $0.008 mark.
Dogwifhat Price Prediction
dogwifat, currently trading at $3.37, has seen a 12% drop, bringing its market capitalization to $3.36 billion. Despite the drop, it remains firm in the rankings, ranking 39th on CoinMarketCap, backed by a strong trading volume close to $700 million.
At first glance, the pivot point is at $3.54 and it is facing headwinds at the $4.08, $4.45, and $4.86 resistance levels while finding some ground at the support levels of $2.95, $2.67 and $2.36.
Digging into the technical aspects, the mood seems a bit gloomy. With the Relative Strength Index (RSI) hovering around 35 and the 50-day EMA at $3.69, there is a hint of bearish sentiment in the air. Dogwifhat appears to be in a bearish channel, struggling to break above the 50 EMA marker.
To conclude, Dogwifhat seems to be in a cautious zone. If it remains below $3.54, the downtrend could continue. However, crossing that line could inject some optimism into the market's outlook.
TIME SQUARE WIF HAT$WIF @perrowifcoin pic.twitter.com/yuZqSbnFWv
-Imagyn (@_imagyn) April 5, 2024
Also helping $WIF maintain its position as one of the top-trending cryptocurrencies is its viral marketing efforts, including in Times Square, noticed on Twitter and reddit.
Meme coins dominate the most popular cryptocurrencies
The two meme coins in our roundup of most popular cryptocurrencies are joined by many others, including recent charts, well-established names, and upcoming ICOs.
meow book which we covered yesterday in a trending coin roundup, its price has skyrocketed, up 80% since that post. HUMP's recent listing is also ranked 8th on CoinMarketCap, with Pepe ranking 12th.
Popular YouTube channel 99Bitcoins has speculated that Pepe could convert to Shiba Inu and also highlighted the upcoming Dogecoin-themed token. Dogecoin20 (DOGE20) which will have its IEO on April 20.
The 707,000 subscriber channel also recently reviewed Slothana (SLOTH), along with four other trending meme coins it's sunny.
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