While Dogwifhat’s [WIF] price dropped by over 13%, Book of MEME [BOME] moved the other way as its value surged by 2%
Dogwifhat held its ground well, as it was among the few whose price did not drop in the last 24 hours.The bearish market condition caused WIF to drop by double digits, which was one of the highest among top meme coins. According toAt press time, it was trading at $2.30 with a market capitalization of over $2.29 billion.
AMBCrypto’s analysis of Santiment’s data revealed that WIF continued to dominate BOME in terms of social volume. Generally, the price tends to move the other way than the Funding Rate. This seemed to have been the case on this occasion too, as WIF’s price fell while BOME’s increased.A rise in the metric suggests that the chances of the ongoing price trend continuing are high, hinting at a continued bull rally.AMBCrypto’s analysis of WIF’s daily chart also revealed a few other bearish indicators. The MACD displayed a clear bearish advantage in the market.
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