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The Surge of Meme Coins and Altcoins
If you have been looking for the next meme coin buzz in town, this is the right destination to halt. Amidst the anticipated bitcoin halving, which is just a few days ahead, altcoin prices have taken a dip. On April 14th, as crypto enthusiasts went on the X platform looking to get a closer view of the crypto market, The Flow Horse, a famous anonymous analyst, expressed his support for the new WIF token. Even as he mentioned the token to take a sideways price action, he has been wary about the public’s lack of faith in the token.
Price Fluctuations in the Market
However, in the last 24 hours, it has been proven that his words have become a prophecy come true. Today, April 15, 24 hours after his prediction, the meme coins Dogwifhat (WIF) and Cat in a Dogs World (MEW) saw major price increases in the crypto market. Dogwifhat surged by 9%, while Cat in a Dogs World saw a surge of 91.20%. Currently, WIF stands at $2.95 with a market cap of $2,943,020,171, and MEW stands at $0.005315 with a market cap of $472,092,662. These impressive price jumps not only coincided with the upward trend in the cryptocurrency market but also aligned with a global exchange platform OKX’s announcement about listing the Solana tokens for Spot Trading, which played a role in leveling up the value of these tokens.
The Rise of ENA Coin
For those not big on Solana tokens, the ENA coin is a new suggestion from The Flow Horse on Ethereum’s platform. The analyst recently said that ENA has been one of the top altcoins that made an upward move even during dips, affecting the altcoin market. Currently, ENA is priced at $1.15. ENA, a governance token created by Ethena Labs, is part of a dollar protocol on the Ethereum platform. It offers a cryptocurrency-based alternative to banking systems. The value of ENA has steadily increased since its debut, especially after Ethena offered USDe holders the opportunity to receive 750 million ENA tokens through an airdrop, which accounts for 5% of the total supply. The token is expected to be listed on centralized exchanges in the future. However, The Flow Horse claims that the recent drop in value during the liquidation of the token has caught the attention of investors who have been stacking it since its launch on April 2nd.
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