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Is the Rise in Dogwifhat a Bull Preperation? These Coins, Alternatives to WIF, are Ready for a Rally!
After the decision of the US Federal Reserve (FED) to cut interest rates, there has been an increase in cryptocurrency market activities, resulting in an extraordinary rally in various digital assets. Dogwifhat (WIF), a popular meme coin on the Solana blockchain, experienced a significant 15% increase as of the time of writing this news after a critical breakthrough, becoming one of the most successful cryptocurrencies of yesterday.
Dogwifhat, in the early hours of yesterday obtained a break from the descending wedge formation present in the 1-day chart. In the past, it had found support around 1.41 dollars, but the significant move occurred with WIF decisively breaking the $1.80 resistance, creating consistent momentum. WIF is trading around $2 at the time of writing this news, indicating a significant possibility for further upward movement.
If the positive momentum continues and Dogwifhat manages to surpass its previous all-time high of $2.04, it is possible for the meme coin to embark on a full rally. The next major resistance level on the daily chart is at $2.68, which is a forty percent increase from the current price.
When looking at the weekly chart, WIF has gained more than 30%. The market value of the meme coin has reached 2 billion dollars, while the trading volume has increased by 75% in the last 24 hours. Therefore, some analysts argue that this breakout will lead to a possible meme coin rally.
Given this situation, coins that could be an alternative to WIF are also being wondered about. Two pre-sale projects have emerged in this context in recent days: Pepe Unchained (PEPU) and Crypto All-Stars (STARS).
Pepe Unchained, Reaching 15 Million Dollars, Shows No Sign of Slowing Down!
Buying Pepe Unchained tokens means participating in one of the largest presales of 2024. Because the Pepe Unchained (PEPU) presale event continues to raise funds unabated, reaching $15 million and advancing to new milestones.
This also makes it one of the very few meme coins that reach such an amount during pre-sale. With its great potential, this meme coin is making headlines across the entire cryptocurrency sector.
The Pepe meme, which started with the release of Pepe Coin (PEPE), quickly became one of the most popular in the cryptocurrency community. Following Pepe, many initiatives using this meme were developed; however, most of these initiatives were insincere attempts to steal some of Pepe's gained popularity.
The fact that Pepe Unchained will free Pepe and take it to the next level places it at a different level from other Pepe games. In particular, it will achieve this by building on Ethereum, which will give it the advantage of having its own chain.
The transactions of those who buy Pepe Unchained token will be completed more quickly and as a result, investors will pay less for transaction fees. The future growth potential provided by Layer 2 for Pepe Unchained is quite important.
On the other hand, Pepe Unchained also offers some massive stake rewards currently estimated at an annual 140 percent. Unlike others, presale investors can immediately access this stake protocol. This means investors can collect extra PEPU tokens before the official exchange launch.![Bu 5 Altcoin Yatırımcısının Yüzü Gülüyor: Daha Fazlası Olabilir!]()
However, as of the time of writing this news, 1.1 million tokens have been staked. The annual 140% APY will decrease as more tokens are added to the pool. Therefore, interested buyers who want to invest in PEPU are advised to act quickly.
Crypto All-Stars, the Favorite of Investors with the Future Promising Meme Coin Stake System
Thanks to the intense Crypto All-Stars token purchases made in the past few days, the funds raised during the presale exceeded $1.5 million.
The Crypto All-Stars (STARS) project is aware of the importance of staking and is working to implement it. They will present an idea to many investors that we have never seen before. For the first time in history, it will be possible to stake multiple tokens in several chains in their ecosystem.
Investors will have the ability to stake other top meme coins using MemeVault. Naturally, the amount of STARS they hold will be directly proportional to the amount of prizes they earn. The more they hold, the more they will be able to earn.
Probably this is why the early investors are collecting as many STARS as possible during the presale, so that meme coin holders can receive the maximum rewards given to them by MemeVault.
The great interest in STARS tokens is growing even more by the first participants benefiting from the independent STARS stake protocol, which currently offers over 900% APY. Currently, approximately 778 million STARS tokens are staked. However, it is also important to remember that as the pool expands, this high APY will decrease.
Disclaimer: This is a sponsored content and press release and what is written here does not reflect the opinions of Kriptokoin.com team. High loss risk should be taken into consideration in leveraged transactions and cryptocurrency investments, and comprehensive research should be conducted before investing in any platform.
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