Dogecoin, Dogwifhat Prices Slide But Some Experts Tip Crypto All-Stars as Next Meme Coin to Explode
Every market cycle has its ups and downs – and the meme coin supercycle is turning out to be no different.
Market leaders like Dogecoin (DOGE) and Dogwifhat (WIF) are under pressure as investors take profits ahead of the Christmas holidays. Dogecoin is down 7.3% on the weekly chart, while Dogwifhat has sunk by 18.6%.
However, its not all doom and gloom, as a new presale meme coin called Crypto All-Stars could present an alternative opportunity for gains as it nears launch following its $21 million presale.
DOGE and WIF: Cause for Concern as Investors Fetch Profits
After the dizzying highs of the post-election bull run, crypto investors across the board are taking profits on their top-performing cryptos. For sellers, this means plenty of cash to spend on Christmas presents – but for HODLers, it’s becoming too bearish for comfort.
The price chart for Dogwifhat (WIF) provides one key example. This dog-themed meme coin has been a standout performer in 2024, but is now going into freefall after printing a double top and falling through a critical support line:
Analysts are also noting the significance of the WIF dip, with early sellers prompting others to follow suit:
SOLD all my $WIF
Rode it from $0.10 to $3.95 – what a journey with all of you!
Not buying back until it hits $1.30. Here’s why:
(1/6) pic.twitter.com/WJAnmcTUFM
— Malik (@tiny_malik) December 7, 2024
As we can see, bearish investor sentiment and weak price action can easily push crypto prices below pivotal support levels – and Dogecoin looks ready to go next:
Unlike WIF, DOGE has shown more staying power than many traders and investors might have expected. Despite running through a triple-top chart pattern, DOGE is managing to stay above its trend line support…at least for now.
Since the DOGE price has failed to pump back up, and has consistently fallen over the last week, the market seems to be favoring a bigger dip in the near future.
If we look at the total meme coin market cap chart for 2024, we can also see how the market’s overall value is falling from its peak as the year ends:
Encouragingly, meme coin enthusiasts are learning to take a long-term perspective when it comes to their investments. Calls to “buy the dip” are commonplace, and may be rewarded as the meme coin supercycle eventually enters a new bullish phase in 2025.
Dip Buys in Memecoins!
Feeling the market chill? Here’s your chance:$PEPE: Classic community support, dip’s your in. $WIF: Dog with hat sees dips as setups. $PNUT: Unique story, could climb again. ️$BRETT: Fresh face, potential recovery.$POPCAT: Viral cat,… pic.twitter.com/LRVMxoxe49
— Tomy Master (@mastertomy_tomy) December 18, 2024
Ultimately, it’s very clear that the meme coin market is currently dealing with a lot of uncertainty, and this will cause considerable volatility as the new year begins. For meme coin HODLers, finding new ways to generate passive income from their tokens is of paramount importance – and next, we’ll discover a golden opportunity that you won’t want to miss.
Crypto All-Stars Emerges as Alternative Meme Coin Opportunity, $21M Presale Ends in 48 Hours
While leading meme coins have dipped, new presales continue to present alternative opportunities. One such project is Crypto All-Stars ($STARS), which is nearing the end of its presale after raising over $21 million. With only two days left until it closes, this meme coin is an interesting token to watch going into the new year.
Pepe Unchained recently pumped over 600% following its IEO after raising over $70m through its presale, and STARS might just be the next breakout meme coin.
Crypto All-Stars is the official home of the first-ever “MemeVault,” a meme coin staking protocol that rewards stakers with STARS tokens. The MemeVault is designed for compatibility with multiple blockchains, multiple tokens, and every top meme coin on the market – including not just DOGE and WIF, but also the likes of PEPE, POPCAT, BONK, BRETT, and many more.
If you happen to hold a meme coin that isn’t yet compatible with the Crypto All-Stars MemeVault, rest assured that it most likely will be capable of staking through this protocol in 2025.
As well as being extremely flexible, the Crypto All-Stars project is also battle-tested, meticulously audited, and engineered for maximum efficiency, adaptability, and security. Some top crypto analysts like ClayBro are embracing Crypto All-Stars and making heavily bullish claims as the project team has proven its dedication to making Crypto All-Stars a huge success.
STARS token holders can stake their STARS for passive income (at a current APY of 151%), and hold their tokens to maximize their MemeVault rewards. The more STARS tokens they accumulate, the greater the rewards they can receive.
With just days until its launch, the massive investor backing and unique utility could propel STARS to explode.
Visit Crypto All-Stars Presale
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