The cryptocurrency market started the week on a high note, with Bitcoin and Ethereum breaking through the $72,000 and $3,600 barriers, respectively. Amidst this bullish sentiment, one particular meme coin has been making waves: WIF.
WIF, the third-largest meme coin by market cap, has been enjoying a strong run, with a 17% surge today, now eyeing a new all-time high (ATH). The coin is currently trading around $4.13, just shy of its previous ATH of $4.80 set in late March.
A new AI-focused crypto project, InQubeta, is also preparing to launch its highly anticipated platform. In fact, QUBE is available on Uniswap from today!
dogwifhat (WIF) meme coin price pumping
After pumping 17% today, WIF is now trading around $4.13, but still slightly below its ATH of around $4.8 set in late March. This meme coin is already the 3rd biggest meme coin in terms of market cap, just below DOGE and SHIB with over $4 billion.
Looking at the technical indicators, the EMA20 is currently at $3.6. The EMA20, or the 20-day Exponential Moving Average, is a widely used indicator that helps identify the overall trend direction. The fact that the current price is above the EMA20 suggests that the short-term trend is bullish.
The RSI (Relative Strength Index) is currently in the 60-65 range across all time frames. The RSI is an oscillator that measures the momentum of an asset, and a reading between 60-65 indicates that the asset is in a bullish trend but not overbought. This signals that WIF still has room for further upside before becoming overbought.
The MACD (Moving Average Convergence Divergence) line is also above the MACD signal line, which is another bullish signal. The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of the asset’s price. When the MACD line crosses above the signal line, it typically indicates a bullish trend.
If WIF can maintain its current momentum and break above its ATH of $4.8, the next significant resistance level could be the 1.618 Fibonacci extension, which stands at $5.99. This level is based on the Fibonacci retracement tool, which is a popular technical analysis technique used to identify potential support and resistance levels.
On the flip side, any psychological level should act as support for WIF. The $3.00 and $2.00 levels could be areas of interest for traders looking to enter the market or add to their positions. However, if WIF manages to stay above the $4.00 mark in the following weeks, that level could actually become the first support zone, as the market is likely to view it as a critical “defend” area.
In terms of where WIF could potentially go from here, the coin’s strong performance and the overall bullish sentiment in the crypto market suggest that further upside is possible. If WIF can break and hold above its ATH, it could set its sights on the $5.99 target, as mentioned earlier.
InQubeta (QUBE) now available on Uniswap
A new player is entering the AI crypto scene: InQubeta. This AI-focused crowdfunding platform has successfully raised over $13.2 million in its ongoing presale, and with 92% of the final stage already sold out, the presale is nearing its conclusion.
Investors can still purchase QUBE tokens, the native cryptocurrency of the InQubeta platform, at $0.028 per token, which is well below the planned listing price of $0.308. QUBE is an ERC-20 deflationary token that serves as the backbone of the InQubeta ecosystem, offering investors a unique opportunity to participate in the growth of AI start-ups.
Based on their latest tweet, QUBE is now available to buy on Uniswap as well.
Ready to shake up the #AI world?
💥 $QUBE is live on Uniswap TODAY. pic.twitter.com/YwRqmw4y9f
— Inqubeta (@Inqubetahq) April 8, 2024
InQubeta is a crypto crowdfunding platform that allows users to invest in AI start-up projects using QUBE tokens. The platform’s NFT marketplace plays a critical role in the investment process, enabling start-ups to raise funds by offering reward and equity-based NFTs, while investors can easily invest in these projects using QUBE tokens.
The platform’s deflationary model and staking rewards make QUBE a potentially attractive investment option for those looking to diversify their portfolios. Investors can participate in the InQubeta presale by purchasing QUBE tokens using various cryptocurrencies, with a minimum investment of $50 via their website. By staking their QUBE tokens, investors can earn rewards from the dedicated reward pool, providing an additional source of income.
Conclusion
As the crypto market continues to be dominated by the meme coin craze, WIF has emerged as one of the best meme coins to buy now, eyeing a new ATH and solidifying its position as the third-largest meme globally (per market cap).
The launch of QUBE’s crowdfunding platform for AI start-ups might present a compelling alternative for those seeking to diversify their crypto portfolios. As the presale nears its conclusion, investors could potentially keep a close eye on the developments surrounding this promising new project that’s available on Uniswap now.
Join InQubeta Now
Disclaimer: This is a paid post and should not be treated as news/advice.
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