Dogecoin (DOGE) and dogwifhat (WIF) declined as most altcoins flipped negative post-Bitcoin’s halving event last week. The meme coins are looking to bounce as BTC trades above $64k.
However, investors targeting new gems are finding new token Bitbot (BITBOT) as a potentially greater opportunity as its presale accelerates in stage 12. Just three more stages before BITBOT launches on exchanges.
Dogecoin (DOGE): Top meme coin sees bearish flip
Dogecoin (DOGE) remains the king of meme coins, despite not making any parabolic moves amid the recent meme world frenzy. But while DOGE ranks in the top cryptocurrencies by market cap and could reach recent highs above $0.2 with a bullish flip, the psychological $1 still eludes bulls.
The meme coin has declined by 1.2% in the past 24 hours, falling to $0.15. DOGE is down 15% in the past month. There are signs bulls could retake control, with a potential bullish reversal for altcoins likely to buoy buyers.
dogwifhat (WIF) cooled after a dominant start to 2024
dogwifhat (WIF) was for several weeks in early 2024 the top performing meme coin. The Solana-based meme token reached an all-time high of $4.83 on March 31, 2024. However, WIF has slipped to $3.17, down nearly 35% since that peak.
The broader weakness in the crypto market, which saw Bitcoin fall sharply from its all-time peak of $73k to currently trade around $64k. Solana (SOL) fell from recent highs of $208 to test $125 and is currently at $147.
New Solana meme coin Maneki is flying, but analysts are bullish on WIF amid the potential for several weak meme tokens to grind into oblivion.
Bitbot set to dominate emerging crypto space
Recently, crypto investor and former BitMEX CEO Arthur Hayes predicted a bull market flip for Bitcoin, noting the macro setup. The entrepreneur also suggested the current dip offers a good buying opportunity.
The presale market provides the environment for potential gems and Bitbot, which is launching the world’s first non-custodial Telegram bot, stands out as one of the projects investors are watching.
Giving traders a platform where they retain full control of their assets while they tap into institutional-grade and AI-powered trading tools makes for an exciting project. Bitbot could dominate the Telegram bot market given these features.
Interest in the native BITBOT is also based on the offering of a unique revenue-sharing token model. Other perks and passive income opportunities are also set to be available when the presale ends and the project launches its bot.
The Bitbot presale has reached stage 12, with its price reaching $0.0171 and total amount raised $2.8 million. Interest, demand and performance are key to Bitbot’s potential, and could drive post-presale returns.
BITBOT price in the next stage will be $0.018 and $0.020 in the final stage.
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