It may only be Monday, but it’s already a rollercoaster of a week for DogWifHat ($WIF) holders. The Solana meme coin has shed 21.5% of its value over the last seven days and currently trades at $1.35, after sinking below $1.50 on Thursday August 15th.
Altogether, $WIF holders are the biggest losers both over the week and overnight among the Big Five doge-themed meme coins, but all leading meme coins faced substantially higher losses than the market leading cryptocurrencies.
At their current respective prices of $58,150 and $2,581, Bitcoin ($BTC) and Ethereum ($ETH) remain virtually unchanged from seven days ago. Together they lost only a fraction of a percent.
But original meme coin Dogecoin ($DOGE) dropped 3.5% over the week down to $0.09954.
It’s the sector’s biggest meme coin, with a market cap of $14.5 billion, but its closest rival, the $7.7 billion market cap Shiba Inu ($SHIB) posted a slightly greater intra-week loss of 4.1% down to $0.0000131 as of this writing.
The $3 billion market cap Pepe ($PEPE), the meme coin sector’s biggest non-doge meme coin, dropped 11% over the week down to $0.000007248.
Bonk ($BONK) holders felt the same depreciation as their coin has now sunk down to $0.00001727.
WIF Price Analysis – Here’s the Latest
According to $WIF’s price chart, the token is currently teetering under the psychologically important $1.50 support level it maintained throughout June and July.
The market crash in early August appears to have dragged overall support down, as highlighted by the diagonal green line.
These last seven days reveal $WIF’s inability to hold $1.50.
Source: TradingViewA relative strength index (RSI) of 36 and falling indicates heavy selling momentum that is likely to peter out soon, which will stabilize the price again.
As DogWifHat Holders Panic, Crypto’s Meme Coin All-Stars Enjoys $458,000 Launch
As a low-utility $1.3 billion market cap meme coin, DogWifHat follows a typically volatile trajectory.
However, investors who want to support the growing meme coin can buy into some of the meme coin projects still only in pre-sale that are bringing new utility into the flourishing sector. One project pioneering a unified staking protocol for meme coin fans is Crypto All-Stars, represented by the $STARS token.
Crypto-All Stars is a revolutionary staking platform that brings together the most celebrated meme coins in one place.
Holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin can stake them on the platform and earn passive income in the form of $STARS with a rewards rate currently set at 2,878%.
The team has allocated 20% of the tokens for its presale. The other 25% is for presale staking, 20% for marketing, 10% CEX/DEX listing, and the rest 25% for the MemeVault Ecosystem.
This new meme coin project has gained so much popularity that its presale has already raised $537,000 since its launch last week.
Following the purchase, you can begin staking for rewards and claim the tokens once the presale ends.
So, if you are a meme coin holder who wishes to put your money to work, Crypto All-Stars is worth a look-in. Head to the website to buy $STARS with ETH, USDT, BNB, or even by card.
Follow them on social media – X (Twitter) | Telegram to stay up-to-date on all their development plans.
Join the Presale Here
The post Panic for DogWifHat Holders as Price Dips Below $1.50 – All Eyes on Crypto All Stars appeared first on Cryptonews.
