Dogwifhat, SPX6900, and Sui Are Taking Over the Internet – Should You Jump In?
Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...
As markets brace for the release of FOMC minutes, meme coins are experiencing a surge in activity, with DogWifHat (WIF) and SPX6900 (SPX) leading the charge. Additionally, Sui is witnessing a significant influx of trading volume.
In this article, jump into the latest hot market trends as WIF continues to cement its status, SPX6900 returns from the grave, and SUI crypto pushes up.
The top meme coins on Ethereum have added 60,300+ new holders in the last 30 days.
Are these signs of life…? pic.twitter.com/RhZWZpMYVO
Interest in meme coins is exploding as huge volumes surge back to the original degen chain Ethereum over the past week – with the strength of inflows demonstrated by the seismic 60,000+ holder increase in recent days.
Over the past week, one of 2024’s breakout meme coins, DogWifHat (WIF) has returned to strength, mounting an impressive +67% monthly gain.
Now standing as the 37th biggest cryptocurrency by market cap, WIF price is currently trading at a market price of $2.49 (representing a 24-hour change of -1.24%).
This comes as WIF continues to struggle against historical upside resistance at $2.6, despite the HTF bounce from 20DMA support (which is now standing at $2.165).
An upside move above this level is critical for further gains, however, as markets await key market data including tomorrow’s FOMC minutes and Thursday’s CPI figures – caution currently prevails – offering a last chance dip for late-stage FOMO investors.
Over in the DEX markets, SPX6900 (SPX) has rebounded vigorously after a lackluster performance following
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