Bittime - Bitcoin Halving sparked a new wave of optimism in the crypto market, with many investors predicting positive moves for most major crypto assets.
Two days after the halving, positive flows were seen across assets, with Bitcoin managing to recover from a pre-halving dip that briefly dragged its price below $63,000.
However, some assets still show movements in the opposite direction to the market trend.
The following are several assets with less than satisfactory performance during the halving event.
Dogecoin ($DOGE)
Dogecoin (DOGE) price saw a 0.9% drop today, hitting $0.16, amid Bitcoin halving momentum.
Quoted from Coingape, this decline was also experienced by several other top memecoins, with minimal losses after the Bitcoin halving event.
In the span of a week, DOGE experienced a decline of 3.9%, which resulted in its monthly inflow reducing to 0.2%.
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$DOGE Optimism and Crypto Market Bullish Sentiment
Despite this, this leading memecoin still has a strong bullish sentiment in the crypto market. Many communities are projecting huge profits for DOGE in the future.
Although currently still below its highest level, the overall memecoin market recorded inflows of 1.5%.
Dogwifhat ($WIF)
The $WIF token became one of the biggest crypto asset victims after the Bitcoin halving, where investors withdrew their funds to the leading crypto asset which was predicted to strengthen along with Bitcoin.
Dogwifhat saw a decline of 5.2% in the last 24 hours and 2% in the week, erasing the market's previous gains.
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Dogwifhat: $3 Billion Transaction and Declining Trading Volume
Dogwifhat changes hands at $3 and has a market cap of $2.9 billion. The asset saw a slight decline in trading volume, reaching $506 million.
Despite a slight decline in some memecoins, commentators are predicting an influx of profits from the broader market after Bitcoin halving.
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Monero ($XMR)
Monero ($XMR) saw a slight price drop in the last 24 hours, around 1%. This extended a week-long negative trend, during which Monero lost 2% of its value. Total Monero outflows in the last two weeks reached 10.2%.
Despite the price decline, Monero is still a popular asset with a daily trading volume of $40.6 million. Currently, Monero is trading at $120.19.
Dear Beli Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read Also:
Bitcoin Halving 2024: A Quick Guide for Investors and Crypto Enthusiasts
Ethereum Heads for $1 Billion in Annual Profits! DeFi Becomes Main Driver
Bitcoin and Ethereum Soar Ahead of Halving: Analyst Predicts Potential Supply Shock
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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