Trending Coins for March 17, 2024: BOME, APEWIFHAT, PEPE, BONK 2.0, WIF

It’s all memes’ weekend on this week’s list of trending coins. While most of the prominent cryptocurrencies appear to be significantly correlated to Bitcoin and have been bearish, meme coins seem to have taken the stage and are making the most of the weekend. To that effect, let’s take a closer look at each of these coins, one after the other.

BOOK OF MEME (BOME)

Major Bias: Bullish

The BOME token has landed at the very top of this week’s list of trending coins. This coin has seen the most significant price increases. Despite being a new coin, it has moved by an amazing 2,264% in the past seven days, while today’s trading activities have seen the token move an additional 125%. At this point, this coin has a market capitalization of approximately $1.20 billion and a trading volume of $4.49 billion.

The price chart for this token shows that price action had previously dipped toward lower levels. However, the token maintains its bullish characteristics. At this point, it could be seen that the market is heading upwards towards higher marks. Therefore, it appears that traders might want to ride the prevalent market trend, at least towards the $0.0123 mark.

Current Price: $0.0190
Market Capitalization: $1.20 billion
Trading Volume: $4.49 billion
7-Day Gain/Loss: 2,260%

APEWIFHAT

Major Bias: Bearish

While the APEWIFHAT token has made it to the second spot on this week’s list of trending coins, it seems to have done so for negative reasons. While the token’s price saw an increase of 189.40% over the past 7 days, today’s trading activities alone have incurred a price decline of 40.86%. Meanwhile, the token has a market capitalization of roughly $9.10 million and a trading volume of $8.90 million.

On the price chart, it could be seen that recently the market has been making lower lows. However, at this point, the market has an upside bearing from the lowest lows. Nevertheless, traders can still utilize bullish crypto signals in this market, since price activity may head toward lower support levels towards the $0.00000007000 mark.

Current Price: $0.0000000851
Market Capitalization: $9.10 million
Trading Volume: $8.90 million
7-Day Gain/Loss: 189.40%

 

Pepe (PEPE)

Major Bias: Bearish

The third position is PEPE. This coin has been consistently bearish for the past 7 days and in today’s trading as well. However, it could be seen that the market has exploded significantly toward higher price marks in previous sessions. This coin has witnessed a price decline of 16.39% in today’s trading and a lesser 15.15% decline in value over the past 7 days. Also, the coin boasts a whopping $3.10 billion in market capitalization and a trading volume of $1.44 billion.

On the daily chart, it could be seen that price action in this market had hit a barrier at the $0.000008319 mark. As a result, the market had corrected strongly downward and even more strongly in today’s trading. At this point, price action in this market has fallen below the green set of the Guppy Multiple Moving Average (GMMA) lines. Also, the Stochastic Relative Strength Index (SRSI) lines are trending downward into the oversold region. Consequently, this shows that the market is headed towards the $0.000007000 mark as a support.

Current Price: $0.000007356
Market Capitalization: $3.10 billion
Trading Volume: $1.44 billion
7-Day Gain/Loss: 16.39%

Bonk 2.0 (BONK 2.0)

Major Bias: Bullish

The Bonk 2.0 token is a recently launched coin but has made it to the 4th spot on this week’s list of cryptocurrencies. Going by the available metrics, this coin has been printing gains since the past 7 days to the tune of 13.22%. Meanwhile, today’s trading activity has seen the token gain an additional 2.96% price increase. It could be seen that, as of the time of writing, BONK 2.0 has a market capitalization of roughly $6 million and a trading volume of $8.81 million.
On the daily chart, the market had bounced off a support near the $0.000000003791 mark. Today’s trading session witnessed a massive price pump. However, the market contracted due to bearish pressure. Nevertheless, price action stands above the red GMMA line while placing the market above the green set. Also, the corresponding price candle for the ongoing session is still green in appearance, suggesting that buyers are still in the lead. In addition, the RSI lines can be seen converging in the oversold region. This suggests that the upside correction may regain traction towards the $0.00000001000 mark.

Current Price: $0.000000006020
Market Capitalization: $6 million
Trading Volume: $8.81 million
7-Day Gain/Loss: 13.22%

DogWifHat (WIF)

Major Bias: Bearish

The DogWifHat token has made it to the fifth spot on this week’s list of trending coins. It has seen a price reduction of 12.88% today while recording a price increase of 19.70%. It has a market capitalization of $2.48 billion and a trading volume of $713 million.

In the daily market, price action took a bearish turn shortly after poking through the $3.0 mark. The resulting downward correction seems quite significant. This has brought the market to the $2.39 mark. The last price candle here still remains above the green GMMA lines. Nevertheless, the SRSI indicator lines maintain their bearish path deeper into the oversold region. Technically, this suggests that the price of this coin may fall below the $2.10 mark.

Current Price: $2.39
Market Capitalization:$2.48 billion
Trading Volume: $713 million
7-Day Gain/Loss: 19.70%

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