Altcoins

DOGWIFHAT Price Prediction & The Next Big Altcoin Revealed

Published

8 months ago

20 May, 2024

DOGWIFHAT Price Prediction & The Next Big Altcoin Revealed

A Dogwifhat ($WIF) price prediction is a hot topic these days in the cryptocurrency community. The Solana-based meme coin is on a roll, posting approximately a 120% price rally in a week and a 1040% surge in a month.

In this article, we will explore the price prediction for DOGWIFHAT. We’ll also reveal another promising altcoin that is slowly gaining momentum with its sights set on listings on premier tier 1 cryptocurrency exchanges, potentially offering much higher returns.

Key Insights

DOGWIFHAT Soars: Skyrockets 1080% to top Solana meme coin charts.
Stable Future: Technicals hint at balance; eyes set on $2.50-$3.90 by year-end.
PIKA’s Potential: Starting at a $10M cap, Pikamoon ($PIKA) is many investors’ new darling.
Memecoin Mania: DOGWIFHAT’s rollercoaster paves the way for PIKA’s promising launch amidst a juicy entry point.

Dogwifhat (WIF) Price Prediction: How High Can It Go?

DOGWIFHAT’s Recent Price Movements

DOGWIFHAT has seen a staggering increase in value, with an 18% jump in the past 24 hours alone, reaching a price of $2.10. Over the last week, the coin has posted a 120% increase, reaching a new ATH of $2.23. Since then, it has dropped almost 11%, but these figures highlight the explosive growth that meme coins can experience in a bull market.

Historical Context of DOGWIFHAT

The meme coin DOGWIFHAT originated from a popular image of a dog wearing a hat and quickly gained traction within the cryptocurrency community. The token made its debut on the Solana blockchain in November 2023.

The charm of Dogwifhat lies in its simplicity and the irony embedded in its theme. Community members actively engage by sharing humorous and creative memes of the hat-donning canine, contributing to a fun and lively atmosphere around the coin.

Over the past few months, Dogwifhat has experienced a meteoric rise, boasting a remarkable $2 billion million market cap, which highlights the unique and often surprising dynamics of a bullish crypto market.

Technical Indicators and Price Predictions

The latest technical analysis of DOGWIFHAT suggests a neutral stance with the 14-day RSI standing at 47.97 and the STOCH (9,6) at 36.49. This indicates a balance between buying and selling interest, hinting at potential price stabilisation or correction in the short term.

Long-term predictions are more varied, with some analysts forecasting a climb to $2.50, marking a 45% increase. Others suggest a more conservative growth, with potential fluctuations leading to a stabilisation around $3.90 by the end of 2025.

But all this depends on the bull market and general market sentiment around the meme token.

Price Prediction Caution

Considering DOGWIFHAT’s already substantial price increase, it’s pertinent to consider that its potential for further growth may be limited. Historical data suggests that such sharp rises often face corrections or stabilisation phases during which the token faces a sharp decline.

This is why savvy investors are now turning their attention to Pikamoon ($PIKA), a new memecoin that’s gaining traction.

PIKA is associated with a play-to-earn (P2E) NFT metaverse game called Pikamoon. With an in-house dev team at its backing, some speculate that PIKA could be the next meme coin to witness a parabolic run, drawing parallels to the early days of DOGWIFHAT.

Let’s take a look at why such a prediction holds significant merit.

Pivot to PIKA: A DOGWIFHAT Alternative Meme Coin With More Potential

Market Cap Comparison

When we talk about DOGWIFHAT’s market cap being around $2 billion, it shows it’s a big player in the cryptocurrency market. Now, compare that to Pikamoon (PIKA), which is starting with a market cap of just $10 million and a price of $0.0007. The gap is huge!

Further, a smaller market cap means that PIKA has a lot of space to grow, especially as it starts getting listed on big exchanges (more on this later). These listings will bring a lot of attention and money into PIKA, potentially boosting its value big time.

Presale Success

Pikamoon’s final presale stage was a massive hit, selling out just one week into its final 60-day countdown and raking-in over $1.4 million.

This rapid sell-out signals that people are really into PIKA and believe in its real-life value. Once PIKA hits the free market without any restrictions on buying and selling, we could see an even bigger rush, pushing its value up as more people would want to get their hands on it.

Team Transparency

Meme coins like Dogwifhat often come with a bit of mystery, mainly because the folks who make them tend to keep their identities under wraps. This secrecy can sometimes make people wary, worrying about the risk of scams or the rug pulls.

However, Pikamoon is taking a different route, as the brains behind this project, Conrad Lewis (AKA Brock), Luke Appleton (AKA Kanto) and frontfacer Nix stepped into the spotlight via the launch of the Pikamoon Podcast.

By putting real faces and names to their project, Pikamoon is breaking the mould of anonymity that’s all too common with meme coins. This is a big deal because it builds a bridge of trust amongst investors and the gaming community, stemmed through the fact that the creators have made their long-term intentions public.

For anyone thinking about putting their money into PIKA, this transparency should be seen as a massive breath of fresh air. This is because Pikamoon is not just about making a quick buck; it’s about building something lasting and trustworthy in a space that’s often anything but.

Tier-1 CEX Launches

Getting a spot on a top-tier centralised exchange isn’t something every new cryptocurrency manages to do. Even WIF had to wait a couple of years to get listed on top tier-1 crypto exchanges like Binance and Coinbase. On the other hand, Pikamoon is turning out to be one of the first meme coins to launch on tier 1 exchanges within a few weeks of selling out the presale (this is practically unheard of).

In the inaugural Pikamoon Podcast episode, Brock and Kanto shared that PIKA is close to securing listings across several tier-1 exchanges within the next two to three weeks. This is because negotiations have begun, and they’re now working through the legal intricacies.

Although the specific platforms remain under wraps due to legal constraints, this development is a testament to Pikamoon’s potential and credibility. With a proactive approach – especially when combined with a positive current market outlook – PIKA is poised to draw significant attention and investment in the coming months, potentially propelling the token’s growth to an exponential level.

Influencer Attention

The Pika presale shook things up in the crypto scene, grabbing the attention of major crypto influencers. Big players like Jacob Bury, Mathew Perry, Tom Sheen, and Jake Gordon didn’t just take notice; they actively got behind it, each adding their own stamp of approval.

Bury tagged it as the “Moonshot” of this bull run, highlighting its potential to skyrocket in value. Meanwhile, Jake Gordon dubbed it the “new 100x gaming altcoin,” pointing to its massive potential for growth. Tom Sheen chimed in too, nodding to its ability to expand during the bull market.

This kind of endorsement from such well-known figures is a powerful signal that PIKA isn’t just another drop in the cryptocurrency ocean; it’s a real opportunity for anyone who has missed the train on Solana-based meme coins like Dogwifhat.

GameFi Hype

PIKA, as a GameFi token, enters the scene with a clear blueprint for success laid out by predecessors like AXS (Axie Infinity), ILV (Illuvium), and SAND (The Sandbox). These tokens have proven that starting from humble beginnings doesn’t preclude reaching the heights of billion-dollar valuations, especially during a crypto bull run.

Take AXS for instance. In January 2021, it was trading at a modest $0.4, with a market cap under $30 million. Fast forward to the peak of that year’s bull run, and it exploded to a market cap of well over $1 billion, with an all-time high (ATH) of $164. ILV, even without a beta version of its game in play, rocketed to $124 and soared past a $1 billion valuation.

These meteoric rises showcase not just the potential for massive returns on investment but also the growing appetite and enthusiasm for GameFi projects.

The GameFi sector is on a trajectory to grow at an impressive compound annual growth rate (CAGR) of 27.33% over the next seven years. This expansion sets a fertile ground for PIKA to potentially emerge as a leader in this bull run, mirroring Axie Infinity’s breakthrough success. With ambitions to capitalise on the ongoing GameFi and NFT boom, PIKA is strategically positioning itself to achieve similar, if not greater, success in 2024.

This isn’t just about following a trend. It’s about understanding the market dynamics of the GameFi ecosystem, the increasing integration of blockchain in gaming, and leveraging the interest in NFTs. PIKA aims to blend these elements, crafting a unique value proposition that could very well catapult it into the billion-dollar valuation club, alongside its illustrious GameFi counterparts.

Founders’ Podcast

It’s not every day you hear about the creators of a crypto project hosting their own podcast to dive deep into what they’re building. Yet, that’s exactly what the minds behind Pikamoon are doing.

Just a short while back, they released the first episode of the Pikamoon Podcast – which is promised to be the first of many. Through such medium of communication, the trio plan to continue opening up about the challenges they’ve faced, the milestones they’ve achieved so far, and the big dreams they’re chasing for the future.

This move to share their personal and professional journey in such a transparent way is pretty rare in the crypto world – however by doing this, the Pikamoon founders are allowing investors to feel like they’re right there in the room with them, being part of every decision, success, and setback. This level of openness is a breath of fresh air, building a bridge of trust and excitement that can catapult any crypto project to success.

Community Support

When it comes to crypto, the power of a passionate online community can’t be overstated. Just look at Dogwifhat, which soared to a valuation of over a billion dollars, largely thanks to its dedicated followers. Pikamoon is quickly following in those footsteps, boasting an impressive roster of over 15,000 holders and more than 7,500 Beta players.

When challenges arise, it’s this loyal coin community that stands as Pikamoon’s first line of defence, offering feedback, rallying support, and maintaining the buzz. Their active involvement across several platforms is a testament to the project’s potential, and it’s this collective energy that can propel Pikamoon toward achieving remarkable success.

Metaverse Development

Pikamoon is stepping up its game by jumping into the exciting world of the metaverse, aiming to make a splash as big as Sky Mavis did with Axie Infinity. They’re crafting their digital currency universe, aptly named Pikaverse, via the talented in-house development team at Orbit Cosmos.

By creating a virtual world where players can explore, interact, and earn, they’re setting the stage for a deep and engaging GameFi experience. When the alpha version of the game is released, this approach will attract an even larger gaming community, as well as set PIKA apart as a forward-thinking, innovative project in the crypto space.

Final Thoughts

Dogwifhat’s meteoric rise and the promising trajectory of Pikamoon serve as reminders that the next big altcoin could be just around the corner.

While price predictions for Dogwifhat or any meme coin are speculative at best, monitoring the development, community support, and innovative approaches taken by projects like Pikamoon can provide valuable insights into their potential growth.

So, if you feel like you missed out on the Dogwifhat wave, Pikamoon might just be your chance to get in on the ground floor. With its upcoming launch on top exchanges at an entry price of just $0.0007, this could be the moment to score 100x returns or more. Don’t miss out, AGAIN!

Dogwifhat Price Prediction & PIKA – FAQs

What is DOGWIFHAT?

DOGWIFHAT ($WIF) is a Solana-based meme coin that has recently gained significant attention in the cryptocurrency community due to its remarkable price surge. Originating from a popular image of a dog wearing a hat, DOGWIFHAT has quickly become a favourite among crypto enthusiasts, especially for its humorous and creative community engagement.

What are the recent price movements and predictions for DOGWIFHAT?

DOGWIFHAT has experienced explosive growth, with a 120% increase in a week and reaching a new all-time high (ATH) of $2.23. Long-term predictions vary, with some analysts forecasting a climb to $2.50-$3.90 by 2025, depending on the market’s general sentiment.

What is PIKAMOON, and why is it considered a promising altcoin?

Pikamoon ($PIKA) is a new meme and GameFi coin associated with a play-to-earn metaverse and NFT utilities. Starting with a market cap of about $10 million, Pikamoon is seen as having significant growth potential, especially as it aims for listings on top-tier cryptocurrency exchanges in the coming weeks.

What makes PIKAMOON different from other meme coins?

Unlike many meme coins, Pikamoon emphasises transparency and community engagement. The project’s co-founders have publicly shared their identities and plans, fostering trust and long-term investment interest. Additionally, Pikamoon’s association with the play-to-earn metaverse and NFT utilities sets it apart as a coin with real utility and potential for significant returns.

How does PIKAMOON plan to achieve growth and attract investors?

Pikamoon aims to capitalise on the growing GameFi sector and the ongoing interest in NFTs. The project plans to launch on top-tier exchanges shortly after its presale, which has already seen significant interest. Influencer endorsements and a strong community of holders and beta players will also contribute to its growth strategy.

Where can I find more information about PIKAMOON and its future developments?

PIKA has official channels on all social media. You can follow Pikamoon’s official YouTube channel to see the founders’ podcasts. Similarly, you can follow the team on Medium, LinkedIn, X, Discord, Telegram, Reddit, etc. These official PIKA channels offer the latest updates on the project’s progress, upcoming listings, and opportunities for community engagement.

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Altcoins

On-chain data confirms whales are preparing for altcoin surge with increased buy orders

Published

6 months ago

1 August, 2024

Blocksight Staff

ChatGPT suggests top 5 altcoins under $0.01 for $1,000 investment

Ki Young Ju, CEO of analytics platform CryptoQuant, believes whales are preparing for an upcoming surge in altcoins.

In a recent revelation about X, Ju underlines that the volume of limit buy orders for altcoins, excluding Bitcoin and Ethereum, is increasing. This pattern suggests the formation of substantial buy walls, highlighting significant buying pressure from large-scale investors.

Ju’s chart identifies two main phases in limit order volume for altcoins: the limit sell phase and the limit buy phase. The limit sell phase saw a notable increase in cumulative sell orders in 2022, demonstrating strong selling pressure from whales and other market participants. This phase coincided with a period of falling altcoin prices due to unfavorable market conditions.

Screenshot 2024 08 01 at 110319

Then, the limit buying phase began, marked by a significant increase in cumulative buy orders. This indicates a period of strategic accumulation where whales establish substantial buy walls.

According to Ju, the increase in buying volume suggests confidence in the future conditions of the altcoin market. This buying pressure creates strong support levels, indicating that whales are preparing for a positive change in the market.

Buying pressure on specific altcoins

Ju also provided a heatmap of the 1-year normalized cumulative buy/sell volume difference for various altcoins, showing the buying and selling pressure over time. Solana (SOL) has seen alternating strong buying and selling phases, with recent activity showing increased buying interest. Cosmos (ATOM) and Polygon (MATIC) have also shown increased buying pressure despite mixed activity trends.

Screenshot 2024 08 01 at 110533

Cardano (ADA) and PancakeSwap (CAKE) have shown balanced buying and selling phases, with recent trends proving increased buying pressure. Coins like AMP and ANKR have also demonstrated increased buying activity. The heatmap reveals that most altcoins are seeing increased buying pressure as whales and large investors accumulate altcoins in anticipation of a rally.

Meanwhile, coins experiencing selling pressure, as indicated by the predominantly red areas on the heatmap, include DOGE, DASH, AXS, XRP, COMP, and AAVE, BNT.

Bitcoin whales are also buying

It is important to note that while whales are accumulating altcoins, Bitcoin whales are also active. Crypto Basic note an increase in buyer activity on Binance, which aligns with an increase in the buy/sell ratio of takers and whale movements. Analyst Ali Martinez highlighted the ratio fluctuations from below 0.8 to above 1.7 between July 27 and 31. Ratios above 1.0 indicate aggressive buying, often preceding price rallies.

From July 27 to July 28, the ratio remained mostly above 1.0, corresponding to the rise in Bitcoin price from around $66,500 to over $67,000. A spike to around 1.5 led to a sharp increase in price to around $68,500. However, on July 30 and 31, the ratio fell below 1.0 several times, corresponding to a drop in price to around $66,000, before a final spike to 1.7 indicated another slight increase in price.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Altcoins

How to buy a car with cryptocurrency

Published

6 months ago

1 August, 2024

Blocksight Staff

The automotive and cryptocurrency industries have been merging for the past few years. As digital currencies become more prevalent in everyday activities, it is increasingly likely that they will be integrated into everyday transactions, such as when buying a car. The article unpacks the dynamic relationship between cryptocurrency and car buying today, explaining how digital currencies can be used to buy a vehicle today. It includes elements such as some of the benefits and challenges of buying a car using cryptocurrency and what lies ahead in the future.

Understanding Cryptocurrency Payments in the Automotive Industry

Cryptocurrency is not just a digital asset; it represents a revolutionary approach to decentralized financial transactions. The automotive industry, known for its adaptability, has begun to accept cryptocurrencies as a legitimate form of payment in various markets. For example, luxury car dealerships and online platforms offering car auctions in new york increasingly allow buyers to purchase cars using cryptocurrencies.

There are several factors that determine how much cryptocurrency you need to buy a car. Among them, the most influential will be the current value of the cryptocurrency you want to use at that moment. Unlike traditional currencies, cryptocurrencies can be very volatile. Their value can change drastically in an instant, which affects the amount needed at the time of purchase.

Benefits of Buying Cars with Cryptocurrency

Buying cars with cryptocurrencies offers several advantages:

– Reduced transaction fees: Cryptocurrencies can reduce the fees involved in large financial transactions typical of car purchases.

– Enhanced Privacy: Buyers who value their privacy can benefit from anonymity through blockchain-based transactions.

– Speed and convenience: transactions are faster than those carried out by banks, especially when the operation has an international scope.

Challenges and considerations

Although the benefits are compelling, several challenges must be considered:

– Volatility: At one moment, the price of any cryptocurrency can collapse, or the next minute it can skyrocket, and the price needed to buy a car can double or triple from one day to the next.

– Limited acceptance: Not all dealers accept cryptocurrency, which in turn may limit its use for making purchases.

– Tax implications: This may create different tax implications on purchases via cryptocurrency, depending on your jurisdiction.

Practical steps to buy a car with cryptocurrency

If you want to use cryptocurrency to buy a car, follow these steps:

Ensure Acceptance: Check if the dealer or auction accepts the use of cryptocurrency.
Check the conversion rate: You need to know how much your cryptocurrency is currently trading at compared to the price of the car in fiat currency.
Secure your funds Make sure your digital wallet is secure and funded.
Know the terms: Be informed and be clear about return policies as well as any additional fees incurred.
Complete the transaction: Continue the payment via the digital wallet.

Future prospects

There is a good chance that many car dealerships will start accepting digital currencies, especially when blockchain technology pushes the boundaries and cryptocurrencies become stable. This trend is expected to be propelled forward due to the increasing demand for transparency, security, and efficiency in transactions.

Conclusion

The potential for cryptocurrencies to have a real impact on the car buying process is enormous. Of course, there are a few issues that emerge when considering the current market, including volatility and limited acceptance. However, the benefits of using digital currency to execute such transactions can easily outweigh the drawbacks for many buyers. As both sectors continue to grow, buying cars with cryptocurrencies shows a promising future and therefore creates a more connected and developed technological automotive market.

This means that buying a car, whether in cryptocurrency or in another form, is not just about following technological trends; it is rather about enjoying greater freedom and efficiency in financial transactions. Indeed, the closer the digital and automotive worlds become, the more buyers should expect simpler, much safer and also very innovative ways of purchasing.

Disclaimer: This press release article is provided by the client. The client is solely responsible for the content, quality, accuracy, products, advertising or other materials on this page. Readers should conduct their own research before taking any action related to the material available on this page. Crypto Basic is not responsible for the accuracy of the information or for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on the information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.

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Altcoins

Introducing Bit-Chess. The World’s First Fully Decentralized Chess Platform

Published

6 months ago

31 July, 2024

Blocksight Staff

Introducing Bit-Chess. The World's First Fully Decentralized Chess Platform

Bit-Chess announces the pre-sale of the world’s first fully decentralized chess platform, combining the classic strategy game with the innovative world of cryptocurrencies. This platform will change the way millions of people interact with chess online, providing a digital space where players can enjoy their favorite game, compete in global tournaments, and earn rewards through play-to-win mechanics.

Bit-Chess is an entry point for both experienced players and newcomers to the crypto space. It provides tools and guides to help even inexperienced users get started with cryptocurrencies by creating in-game wallets upon first login. It is the first chess game to use Web3 technology, and all participants can earn money while playing.

During the presale, 500 of the 2,000 special NFTs will be available, with the rest distributed through tournaments and auctions. Unless NFT holders agree otherwise, the team will manage 1,500 NFTs, preserving their rarity with a cap of 2,000 pieces. More information about the NFT marketplace will be released after the token’s official launch.

The platform aims to become the world’s leading online chess center, offering:

Play to win features.

Global tournaments with cash or NFT prizes.

Player versus player challenges

Special NFTs and more

Bit-Chess invites players from all over the world to join its unique ecosystem, where playing chess is more than just entertainment: it’s an opportunity to earn and learn in the world of crypto.

For more information and to participate in the presale, Visit the Bit-Chess website.

Disclaimer: This press release article is provided by the client. The client is solely responsible for the content, quality, accuracy, products, advertising or other materials on this page. Readers should conduct their own research before taking any action related to the material available on this page. The Crypto Basic is not responsible for the accuracy of the information or for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this press release article.

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Altcoins

Here’s the price of XRP if it handles 10% of SWIFT transactions

Published

6 months ago

31 July, 2024

Blocksight Staff

Here's the price of XRP if it handles 10% of SWIFT transactions

Popular community figure Amélie predicts a massive increase in the price of XRP if its underlying network, XRPL, is used to process 10% of all SWIFT transactions.

In a recent article on X, Amélie took on SWIFT (Society for Worldwide Interbank Financial Telecommunication), suggesting that XRP is a better alternative for cross-border settlements.

Ripple claims Swift is not fast enough

In a recent post on X, the community personality called attention to a Ripple ad claiming that “Swift isn’t fast enough.” The remark was a subtle criticism of Ripple’s transaction processing speeds for the global financial messaging giant.

Interestingly, Ripple has recommended financial institutions to adopt its solution to instantly transfer value across borders.

Amelie compared the processing speed of SWIFT and XRP transactions. According to community figures, cross-border transactions on SWIFT typically take between three and five business days. Conversely, Amelie claimed that XRP transactions can be completed in four seconds.

After the analysis, Amélie echoed Ripple’s sentiments, pointing out that SWIFT is not fast enough compared to XRP.

XRP to Surpass $1,000 if it handles 10% of SWIFT transactions

Therefore, enthusiasts have speculated that all SWIFT transactions will eventually be processed through the XRP Ledger (XRPL), the underlying blockchain of the XRP token.

Interestingly, she suggested that the price of XRP could surpass $1,000 per token if 10% of all SWIFT network transactions were processed through XRPL. However, Amelie did not provide details on how XRP could reach this milestone.

SWIFT VS XRP:

SWIFT: 3 to 5 business days

XRP: Cross-border payments in 4 seconds

SWIFT IS NOT FAST ENOUGH!

I think all Swift transactions will soon be processed via #XRPL 💵💱💴

10% of SWIFT network = $1,000+ per XRP! pic.twitter.com/Jt6mumQHfb

— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) July 20, 2024

Can XRP replace SWIFT?

Several cryptocurrency enthusiasts have compared XRP to SWIFT in recent years. In particular, the famous crypto asset manager Grayscale characterized XRP as an alternative to SWIFT. Notably, some users have taken this comparison further by projecting that XRP could eventually replace SWIFT because of its inefficiencies, including slow transaction processing.

The potential replacement of XRP with an established system like SWIFT would require more than just community support. Factors such as the final resolution of the SEC lawsuit, increased institutional adoption of XRP, and large-scale commercial partnerships leveraging Ripple’s payment solution could play a critical role in XRP’s potential replacement or integration with SWIFT.

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