The price of DogWifHat, a popular Solana meme coin ($WIF), has dropped by 24% in the last seven days, making it the biggest intraweek loser among the top ten meme coins by market capitalization. At its current price of $1.46, DogWifHat remains relatively stable compared to 24 hours ago. Other Shiba Inu-themed coins like Floki ($FLOKI) and Bonk ($BONK) also saw comparable losses, with Floki falling 22.4% to $0.0001195 and Bonk dropping by 18% to $0.00001715. In contrast, leading dog-themed coins Dogecoin ($DOGE) and Shiba Inu ($SHIB) only experienced a modest 10% decline over the week, trading at $0.0975 and $0.00001355, respectively.
Market leaders Bitcoin ($BTC) and Ethereum ($ETH) also saw an 8% decrease in price over the week, with Bitcoin currently valued at $58,535 and Ethereum trading at $2,526. DogWifHat’s price analysis indicates that the meme coin is hovering above the $1.50 support level it maintained throughout the summer. Following a crypto crash on August 5, which saw $WIF drop to $1.11, there is a general decline in support with stiff resistance levels indicated on the chart. The relative strength index (RSI) shows some buying momentum, suggesting a potential rebound to $2 in the short-to-mid-term if positive market news continues.
DogWifHat’s volatile price often mirrors that of Bitcoin and tends to experience significant losses during market downturns. Amidst this volatility, new projects like Crypto All-Stars ($STARS) are gaining attention for offering a unified staking protocol for meme coin fans. Crypto All-Stars allows holders of popular meme coins to stake their tokens and earn passive income in the form of $STARS, currently offering a rewards rate of 1,561%. The platform supports tokens like Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, and others, excluding Floki. The presale for Crypto All-Stars has already raised over $912,000 since its launch two weeks ago, attracting investors seeking opportunities in the meme coin market.
Investors looking to diversify their portfolio beyond DogWifHat’s $WIF may consider exploring Crypto All-Stars as a potential investment option. By purchasing $STARS with ETH, USDT, BNB, or card, investors can stake their tokens for rewards and claim them once the presale period ends. Crypto All-Stars’ allocation of tokens for presale, marketing, and listings on CEX/DEX platforms signals its commitment to building a strong ecosystem within the meme coin community. To stay updated on the latest developments, investors can follow Crypto All-Stars on social media platforms like Twitter and Telegram and visit their website for more information and to participate in the presale.
