Memecoins
Pepe and Bonk Prices Collapse as New Memecoin WienerAI Raises $5.5 Million
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Despite market stability, Pepe and Bonk struggle as WienerAI gains momentum, raising $5.5 million.
Pepe and Bonk struggled today despite the broader cryptocurrency market stabilization. Currently, Pepe is down 3%, while Bonk is down 6%. However, other projects continue to show impressive growth, with new AI-memecoin hybrid WienerAI gaining traction as its total raising reaches $5.5 million.
Pepe and Bonk fight as the memecoins slide
Meme coins have endured relentless selling pressure today in continuation of this week’s bearish momentum. And after a strong month, Pepe’s price has shown significant cracks, falling 3.3% today and 14% this week.
Pepe is currently trading at $0.0000126 with a market capitalization of $5.2 billion and a 24-hour trading volume of $1.2 billion. Analysts are overlooking the recent sell-off and expect a continuation of its uptrend over a longer time horizon.
Popular commentator Vegeta notes that Pepe is currently trading within a consolidation zone, but hints that a breakout is on the way. According to the analyst’s chart, the next bullish wave could push Pepe by almost 50%.
Similar to Pepe, Bonk has recently faced significant adversity. He is currently priced at $0.00002715, down 6.1% today and 18% this week.
Bonk currently holds a market capitalization of $1.8 billion and a 24-hour trading volume of $376 million. But despite its bearish momentum, analysts also remain optimistic about Bonk’s prospects over a longer time horizon.
“The macro uptrend is still intact on BONK day 3 using EZTREND,” WebTrend Analytics wrote. This indicates that the analyst expects a continuation of the bullish trend for the Solana-based memecoin.
The recent bearish momentum is not limited to Pepe and Bonk. Meme coins like Shiba Inu, Dogwifhat, and Floki are also in deep red this week.
However, other cryptocurrency classes prevailed as the memecoin market slipped. The most important is AI cryptography, with projects such as Injective Protocol, Render, SingularityNET and Fetch.ai taking action today.
In 2024 there has been a perpetual push-pull between memecoins and AI-based cryptocurrencies, with one rising while the other consolidates. In recent months, memecoins have taken center stage, but now it seems that AI is picking up pace as prices surged in recent days.
With this in mind, investors may be pleased to learn about WienerAI, a new hybrid project that encapsulates both narratives. It is currently in pre-sale stage and has raised $5.5 million so far. Let’s take a closer look.
WienerAI raises over $5.5 million through pre-sales
While its canine-themed exterior has caused a stir among memecoin enthusiasts, Wiener AI The underlying AI technology is turning heads in the broader cryptocurrency market.
The underlying premise of the project is a cutting-edge trading bot that scans the market for the best trading opportunities based on user requests. It also guarantees users seamless, instant, free, MEV-resistant and beginner-friendly operation execution.
So by leveraging artificial intelligence, WienerAI is making its users better traders while addressing the perplexing difficulties of on-chain transactions. The project’s total $5.5 million raise reflects a nod of approval from investors, but leading industry analysts are also on board.
In a recent video, the Cryptonews YouTube channel suggested that the project could 100x after the exchange launches. In addition to the captivating use case, the video highlights WienerAI’s early momentum as another reason for its high potential.
Positioned at the center of cryptocurrency’s two hottest narratives, WienerAI’s hybrid use case has enabled continued success amid the market’s high-octane developments.
Potential investors can purchase WAI on pre-sale for $0.000718. However, this price will gradually increase as the campaign progresses. The next increase will happen in two days or when the total raise reaches $5.9 million.
To find out more, visit WienerAI presale.
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