CoinMarketCap's list of today's most trending cryptocurrencies includes Ethena (ENA), Meme Ai (MEMEAI), and Dogwifhat (WIF). $MEMEAI is up over 50% in the past day.
Several presales, such as new meme coins Dogecoin20 (DOGE20) and Slothana (SLOTH), which have not yet appeared on exchanges, are also trending across crypto news media.
Ethena price prediction
Etena, which was recently listed on Binance, is trending in the cryptocurrency space with its new synthetic dollar protocol USDe built on the Ethereum blockchain. This protocol is more than just a technical achievement. This represents a strategic shift towards a decentralized financial system freed from the constraints of traditional banking.
USDe provides a stable, scalable, and censorship-resistant digital trading alternative backed by sophisticated delta hedging mechanisms and Ethereum collateral.
Currently, Ethena's market position is solid, with a trading price of $0.91 and an impressive 24-hour volume of over $1 billion, despite a recent correction of around 16%.
This level of activity highlights the active interest in Ethena, as evidenced by its market capitalization of approximately $1.3 billion and its status as the No. 81 ranked asset on CoinMarketCap.
Getting into the technicalities, Ethena has some important numbers to note. The pivot point is $0.88, and the resistance lines are drawn at $1.05 (thanks to the 23.6% Fibonacci extension), $1.34, and $1.48. Those looking to gauge support levels should look at $0.74, followed by $0.60 and $0.43. The Relative Strength Index (RSI) is 59, indicating that the market is balanced but teetering on the edge of an exciting move.
For those interested in following Ethena's journey and joining her community, numerous social platforms provide real-time updates and discussions. The official website provides comprehensive insight, and his Telegram group has over 10,000 members actively discussing Ethena's developments.upon twitterEthena Labs boasts 160.3,000 followers and provides a series of updates, insights, and interactions with the community.
In summary, Ethena’s bullish potential hinges on its ability to sustain above $0.88, while a decline below this pivot could trigger a sell-off.
Memeai price prediction
Priced at approximately $0.008, Meme Ai represents a dynamic fusion of technology and humor, offering an experience that goes beyond your typical meme coin.
On Friday, Meme Ai soared 30% in value, with trading volume of about $6 million. This trend continued into early Saturday morning, with MEMEAI up 50% in the past 24 hours.
Meme Ai, ranked 1315th on CoinMarketCap, has a market capitalization of nearly $9 million.
Technical analysis highlights the $0.008 pivot point. The asset faces immediate resistance at $0.009, with subsequent barriers at $0.010 and $0.011.
On the downside, support levels are set at $0.007, $0.005, and $0.004. The relative strength index (RSI) of 65 suggests momentum is building, and the 50-day exponential moving average (EMA) of $0.007 indicates a potential consolidation zone.
Meme Ai's social media presence is over 4,028 and 5,066 subscribers on Telegram twitter The number of followers reflects the rapid growth of a community dedicated to combining digital currency and entertainment. To summarize, Meme Ai shows a bullish trajectory above $0.008.
Dogwifat Price Prediction
Dogwifat, currently trading at $3.37, has fallen 12.%, increasing its market cap to $3.36 billion. Despite the drop, it holds its own in the rankings, supported by solid trading volume of nearly $700 million, sitting at #39 on CoinMarketCap.
At first glance, the pivot point is at $3.54, facing headwinds at the $4.08, $4.45, and $4.86 resistance levels, but finding some ground at the $2.95, $2.67, and $2.36 support levels. .
When we get into technical matters, the atmosphere seems a little gloomy. The Relative Strength Index (RSI) is hovering at 35 and the 50-day Exponential Moving Average (EMA) is hovering at $3.69, giving a bearish tone. Dogwifhat appears to be in a bearish channel and is struggling to break above the 50 EMA marker.
In summary, Dogwifat appears to be in the caution zone. If the price stays below $3.54, the bearish trend may continue. But crossing that line could add optimism to the market outlook.
Meme coins dominate the most trending cryptocurrencies
The two meme coins included in our most trending cryptocurrencies roundup are joined by many others, including recent listings, big names, and upcoming ICOs.
Book of Meow, which we featured in our trending coin roundup yesterday, exploded in price, rising 80% since that post. HUMP, which recently went public, is also ranked 8th on CoinMarketCap, while Pepe is ranked 12th.
Popular YouTube channel 99Bitcoins speculated that Pepe could upset Shiba Inu and also highlighted the upcoming Dogecoin-themed token, Dogecoin 20 (DOGE20), which is scheduled for an IEO on April 20 .
The 707,000 subscriber channel also recently reviewed Slothana (SLOTH), along with four other trending meme coins on Solana.
