Altcoins
Three trending cryptocurrencies to watch today as Altcoins bleed
Today the price of Bitcoin collapsed towards $62,000, causing significant liquidations of leveraged traders. The move comes amid a decline in the broader market, in which most altcoins are also bleeding.
Ethereum is down 3.7% and is currently on the market less than $3,400. BNB fell by 3.3%, while Solana lost as much as 6.9% in the last 24 hours alone.
However, three highly trending cryptocurrencies have fared much worse in the past day and are worth watching.
Dogwifhat (WIF)
Dogwifhat went viral in early 2024, when its market capitalization increased from virtually nothing to more than $4 billion. In April, WIF hit an all-time high of around $4.60, bringing its total market value to $4.6 billion.
Since then, however, things haven’t gone so well for the popular meme coin.
WIF has fallen nearly 70% from its high, and many are wondering if its fascinating bull run is already over.
In the last 24 hours alone, WIF fell nearly 14% and dropped out of the top 50 cryptocurrencies by total market capitalization. This brings its total losses to around 37% over the past week, 43% over the past two weeks, and 46% over the past month.
If there’s one thing currently looking good about WIF, it has to be that the hat is still on.
BRETT (BRETT)
BRETT is another trending meme coin that caught the attention of the crypto community in the early days of March and it didn’t take long for it to surge.
The cryptocurrency reached its all-time high in early June, when it was around $0.18. However, the last 24 hours have not been kind, and it has fallen by almost 13%.
Zooming out, we can also see that BRETT is down around 25% over the past two weeks. However, that doesn’t change the fact that it’s up a whopping 130% in the last month.
It is worth watching how this meme coin will behave in the future and whether or not it will follow in the footsteps of the WIF and dive deeper into bear territory.
Notcoin (NOT)
Notcoin tumbled 13% in the past day, bringing its total weekly losses to around 26%.
Now, it is important to point out that NOT is a mix between a meme coin and a gaming coin that circulates on the TON blockchain and is part of a gamified system on Telegram.
The cryptocurrency was launched via a Launchpool on Binance and has grown by a whopping 171% in the last 30 days.
The only thing these three cryptocurrencies have in common is the fact that they all include the element of being a meme. As such, they tend to be much more volatile than traditional altcoins and it is certainly interesting to see if they will be able to recover after such steep and rapid drops.