Dogwifhat [WIF] and PEPE’s price actions turned bullish after Bitcoin's halving, but they might soon see price corrections as...
halving stirred up bullish sentiments in the market, causing most cryptos, including memecoins, to register gains. While top memecoin values shot up,. To be precise, both of these cryptos’ prices hiked by over 5% in the last 24 hours., its price shot up by 11% in the last 24 hours. At press time, the meme oin was trading at $2.85 with a market capitalization of over $2.8 billion.
Thanks to the significant hike in price, WIF became a topic of discussion in the crypto-space as its social volume spiked on 20 April. Bullish sentiment around the token also increased, with the same evidenced by the improvement in its weighted sentiment.However, not everything seemed optimistic as WIF’s funding rate rose slightly. Generally, prices tend to move the other way than the funding rate.
On top of that, its Relative Strength Index also followed the same trend and dropped. Both of these indicators implied that investors might see a price correction soon.While WIF registered double-digit growth, PEPE also turned bullish as its price hiked by nearly 4% in the last 24 hours. At the time of writing, PEPE was trading at $0.000005194 with a market cap of over $2.18 billion.
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