Schlagwort: crypto markets

• Over $1.9 million in PIPPIN was sent to exchanges within 24 hours.
• WIF gained 25%, backed by broader crypto market sentiment.
• The meme coins face selling pressure after recent rallies.

Meme coins are staging a strong comeback, riding the momentum of Bitcoin’s recent rally past $105,000.

Bitcoin briefly crossed the $105K earlier on Monday, driving bullish sentiment across the crypto market and triggering sharp price spikes in several low-cap tokens.

Among the top gainers was Pippin (PIPPIN), which rose by over 80% in the past 24 hours, while Moo Deng (MOODENG) and dogwifhat (WIF) also posted double-digit gains.

The sudden capital inflows and breakout performances suggest a renewed investor appetite for speculative meme assets, with some already testing multi-month highs.

Pippin price jumps 85.16% as trading volume spikes

Launched in November 2024, PIPPIN has a total and maximum supply of 999.94 million tokens and a fully diluted valuation (FDV) of $47.2 million.

The token saw a dramatic 85.16% surge in the last 24 hours, positioning it as one of the best-performing meme coins in the market.

Despite being a small-cap project, PIPPIN attracted strong interest from both retail and institutional traders.

According to on-chain data from Nansen, more than $1.9 million worth of PIPPIN was moved into centralised exchanges over the same 24-hour period. This inflow suggests a mix of buying enthusiasm and early profit-taking.

The token’s current price action is consolidating near $0.047, just shy of a resistance level at $0.052.

Analysts watching the 3.13% bundle buy metric, which tracks how concentrated token ownership is, noted that PIPPIN’s wide token distribution indicates healthier ownership patterns compared to other meme coins.

Source: CoinMarketCap

If upward momentum holds, the price could target $0.064. However, excessive selling could pull it down to support at $0.035.

Moo Deng gains 12.71%, nears $0.24 resistance

Moo Deng (MOODENG), launched in September 2024 with a total supply of 989.97 million tokens, has posted a 12.71% price increase over the last 24 hours.

The coin’s fully diluted valuation currently stands at $238.59 million. At the time of reporting, MOODENG is trading at $0.24, reflecting intense bullish pressure.

Source: CoinMarketCap

Market watchers expect the coin to attempt a breakout above the $0.35 mark, which could pave the way for a run towards $0.50.

These predictions are based on a significant increase in trading volume and growing demand, with some investors seeing MOODENG as an under-the-radar candidate for short-term gains.

However, the token is also at risk of a correction after hitting a four-month high.

Should sellers dominate, MOODENG may fall below $0.24, with deeper support levels seen at $0.18 and $0.12. A breach of these levels would suggest weakening momentum and could nullify the coin’s short-term bullish structure.

Dogwifhat climbs 33.19%

Dogwifhat (WIF) is one of the more established meme coins on this list.

It has a total and max supply of 998.92 million tokens, and an FDV of $1.17 billion.

WIF’s price jumped 33.19% in the last 24 hours to reach $1.17, with momentum largely tied to Bitcoin’s ongoing rally.

Source: CoinMarketCap

Traders are eyeing resistance at $1.24. A clean break above this level could trigger a move towards $1.52, especially if sentiment in Bitcoin and broader meme assets remains bullish.

But like its peers, WIF faces downside risks.

If sellers take over, the price could fall below $1.04 and test support at $0.85.

This would undermine the current bullish momentum and reflect growing caution among traders.

The next 48 hours could be key for determining whether WIF maintains its rally or succumbs to market fatigue.

The post Pippin, Moo Deng top meme coin charts as BTC hovers near $105K appeared first on CoinJournal.

• After breaking through the major resistance at $0.74, analysts expect the Cardano price to continue climbing.
• Cardano will have to close above $0.7786 on the weekly chart to confirm a run to $1.
• Some of the factors propelling ADA’s price are the Bitcoin’s integration and inclusion in a Grayscale fund.

Cardano price has surged by over 27% in the past week, breaking through the $0.74 resistance level and setting its sights on the $1 milestone.

After a prolonged period of consolidation, ADA is now poised for a potential rally, driven by growing institutional interest and innovative developments within its ecosystem.

Why is Cardano’s price rising?

With Cardano (ADA) currently at around $0.85 and up 6% today alone, the main question is what is behind the Cardano price surge.

One of the factors behind the ADA price surge is the inclusion of ADA in the Grayscale Digital Large Cap Fund.

Cardano’s inclusion in the Grayscale Digital Large Cap Fund, alongside heavyweights like Bitcoin (BTC) and Ethereum (ETH), is a testament to its growing institutional appeal.

The other factor is the planned integration of Bitcoin into the Cardano ecosystem, enabling Bitcoin staking through a zero-knowledge approach, which could unlock new use cases and attract more users.

In addition, the rise in staking activity on Cardano, with more users locking up their ADA to secure the network and earn rewards, is creating scarcity in the market, which could spur further uptick for ADA.

Shifting to technical analysis, ADA has not only broken out of a bullish flag pattern but also formed an inverse head and shoulders, both of which are classic bullish signals.

The derivatives market has also seen a significant increase in open interest, surpassing $1.01 billion, and the recent short squeeze has propelled the price higher.

Additionally, according to DeFi Llama, Cardano’s total value locked (TVL) has increased to $502 million, up from $320 million last month, indicating growing adoption despite some ecosystem challenges.

However, Cardano still faces hurdles, such as relatively low DeFi activity and a small stablecoin presence compared to competitors like Ethereum and Solana.

Cardano price analysis: Can ADA soar above $1?

Currently trading at above $0.85, the technical setup is overwhelmingly bullish, with the price closing above key moving averages and the MACD indicator showing a bullish crossover.

Price targets vary among analysts, but the consensus points to a potential rally toward $1.20 in the near term, with longer-term projections reaching up to $1.79.

In the long term, a weekly close above $0.7786 would confirm the breakout and set the stage for a push toward $0.85, and subsequently, the psychological $1 level.

On the flip side, if the price fails to hold above $0.74, it could trigger a correction, with the next support level at $0.62.

While the technicals are strong, the success of ADA’s price rally will also depend on the network’s ability to attract more developers and applications to boost its ecosystem.

The broader crypto market’s performance, especially that of Bitcoin and Ethereum, will be instrumental in determining whether Cardano can sustain its upward trajectory.

For now, the momentum is with the bulls, and if Cardano can capitalise on its recent developments and market conditions, reaching $1 and beyond is within the realm of possibility.

The post Cardano bulls set eyes on $1 as institutional adoption grows amid Bitcoin integration appeared first on CoinJournal.

• As the broader market rallies, SUI, WIF, and Bitcoin Pepe are beginning to show signs of major upside.
• Investor interest has been growing steadily. The presale has raised more than $7.8 million.
• The project’s official page indicates that the token is expected to list on exchanges shortly after the presale ends.

Bitcoin hovered just above $104,000 on Monday, buoyed by improving risk appetite across global markets.

The total cryptocurrency market capitalisation rose 1.3% to $3.37 trillion, reflecting broader optimism following a significant easing in trade tensions between the United States and China.

The two countries agreed to a 90-day tariff reduction framework after high-level discussions in Geneva over the weekend.

Under the deal, US tariffs on Chinese goods will be lowered from 145% to 30%, while China will cut its tariffs on US goods from 125% to 10%.

The agreement, brokered by US Treasury Secretary Scott Bessent and USTR Jamieson Greer alongside China’s Vice Premier He Lifeng, is being viewed as a breakthrough in a trade standoff that has weighed on global markets.

Crypto markets, particularly meme coins, are benefiting from the resulting risk-on sentiment.

As the broader market rallies, SUI, WIF, and Bitcoin Pepe are beginning to show signs of major upside.

Sui (SUI) price climbs above $4

Sui (SUI) surged to $4.15 on Monday, lifted by a broader risk-on sentiment sweeping across global markets.

The bullish momentum in SUI reflects a wider market uptrend, with Bitcoin (BTC) close to breaching $105,000 and Ripple (XRP) targeting $3.00.

Sui is also gaining traction ahead of its “The Great Sui Odyssey #5” event in Vietnam on Saturday, where the focus will be on redefining AI, gaming, and DeFi within its ecosystem.

The layer-1 blockchain continues to position itself as a scalable, developer-friendly platform capable of powering advanced use cases such as large language models.

Technically, SUI remains in an uptrend. The MACD indicator is bullish, with the MACD line above the signal line, supporting the view of a breakout toward new all-time highs beyond the first-quarter peak of $5.38.

Dogwifhat extends rally

Dogwifhat (WIF) surged past its 100-day Exponential Moving Average (EMA) at $0.76 on Saturday, rallying 26% and closing above a key daily resistance level at $0.79.

At the time of writing on Monday, the meme token continues to climb, trading around $1.28, up 44% in the past 24 hours.

If bullish momentum holds, WIF could retest its weekly resistance level at $1.44 in the near term.

However, the Relative Strength Index (RSI) on the daily chart is signaling caution.

The indicator has pushed well above the overbought threshold of 70, suggesting stretched market conditions.

While extreme RSI readings often precede a pullback, there remains a possibility that the token sustains its uptrend with RSI elevated—particularly in strong momentum phases.

Should a retracement occur, the psychologically significant $1.00 mark is likely to serve as the first major support.

Bitcoin Pepe to list on May 31

Bitcoin Pepe is positioning itself at the intersection of two of the most powerful trends in crypto: Bitcoin’s established status and the viral appeal of meme coins. The project’s core message is clear:

“The opportunity isn’t subtle. Meme coins hit $100B without Bitcoin. Bitcoin sits at $2T without memes. We’re the first to merge them.”

Investor interest has been growing steadily. The presale has raised more than $7.8 million.

Central to the project’s technical proposition is the PEP-20 token standard—a mechanism enabling the launch of meme coins directly on the Bitcoin blockchain.

Bitcoin Pepe (BPEP) is currently available at $0.0326 in its ongoing presale, which is scheduled to conclude on May 31, 2025.

The project’s official page indicates that the token is expected to list on exchanges shortly after the presale ends.

Bitcoin Pepe’s potential exchange listing could act as a significant catalyst for further price appreciation.

With improving sentiment in broader crypto markets, BPEP may benefit from interest in meme tokens.

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