Famous Cryptocurrencies DOGE and WIF in Cryptocurrency Crash – Are These New Cryptocurrencies Safe?

The cryptocurrency market has suffered from major cryptocurrency crashes that have particularly hit popular meme coins. Dogecoin (DOGE), DogWifHat (WIF), and other well-known meme coins have lost a significant portion of their market capitalization in a short period of time. The liquidation amounted to $1.7 billion, raising two questions among investors. Can well-known cryptocurrencies also be recovered? Which new cryptocurrency is a safer option?

On December 10, the entire market capitalization of the memecoin sector plummeted to $119.6 billion. A 21% drop in just 24 hours shows how vulnerable the sector is. Daily trading volume doubled during this period, showing that many investors were closing their positions for fear of further losses.

Bron: CoinMarketCap

Dogecoin (DOGE), the largest meme coin, lost 5.6% in value, and Shiba Inu (SHIB) fell by a whopping 10.4%. Only Ethereum-based Pepe (PEPE) posted a slight gain, up 1.7%.

DOGE, the leading meme coin, not only lost its value, but its open interest (OI) also fell by 20%, reaching $3.1 billion. This is six times more than WIF’s $519 million, a 27% decline in OI. This sharp decline in OI indicates that investor confidence is declining. This is especially true among traders who use leverage and bet on further price declines.

Despite the cryptocurrency collapse, DOGE remains popular as one of the most famous cryptocurrency memes, but the emergence of new players such as WIF, WEPE, SLAP, and FLOCK makes its future unpredictable. WIF, with its small market capitalization, theoretically has more room for growth, but currently lacks momentum.

The cryptocurrency crash triggered a wave of liquidations that resulted in the liquidation of more than $72.6 million in long DOGE positions and $22.35 million in long SHIB positions. PEPE and WIF were also able to join with liquidations of $7.9 million and $3.6 million. These numbers show that meme coins are very sensitive to market corrections.

This cryptocurrency crash is reminiscent of previous major crashes, such as in 2021, when the cryptocurrency market experienced a similar collapse. At the time of the crash, Bitcoin fell 11%, causing a domino effect in the memecoin sector.

Due to the cryptocurrency collapse, many investors are looking for ways to safely own cryptocurrencies without incurring large losses. To achieve this, we look at new cryptocurrencies that are still in the pre-sale stage or have small market capitalizations, which allow them to show explosive profits in a short period of time. This new cryptocurrency must meet several requirements. For example, it must already have built up hype and brand awareness, have unique applications that distinguish it from other cryptocurrencies, and have a clear vision for the future to ensure that it is not a short-term project.

We have researched these new cryptocurrencies and listed three choices below that are safe cryptocurrency choices as they meet our requirements. We’ve listed all the important features for you below, including links to their websites so you can do your own research. This will allow you to make an informed decision about whether these new cryptocurrencies deserve a place in your wallet this cycle.

In just one week, Wall Street Pepe (WEPE) has already attracted the attention of many investors. This is reflected in the $4.3 million already raised in initial investment. From this we can conclude that WEPE has a lot of interest in cunning trading techniques to share with the Wepe Army.

Wall Street Pepe wants to turn the tables and give Wall Street institutions a taste of his own medicine using cunning tactics. The whales hidden in the insider group must also believe this, and with the advent of the Wipe Army, their cunning trading skills seem to be coming to an end. WEPE’s goal is to provide the right technology so that the Wepe Army can become rich together.

After purchasing your first WEPE token, you will have immediate access to Trading Alpha. Here you will get WEPE’s exclusive market insights, signals and currencies that you can apply to your trading. We’ll be sharing the best deals each week during the competition so you can win great WEPE prizes. As a WEPE holder, you also have access to the Private Insider Group where you can share strategies and alpha with other traders. This is also the place to stay informed about the latest developments in WEPE.

Want to take advantage of WEPE’s proprietary market insights? Then you can easily get your first WEPE token on Wall Street Pepe’s official website. From there, you have the option to connect your wallet and pay with cryptocurrencies and credit cards.

Go to Wall Street Pepe official website

The CatSlap (SLAP) team decided to skip the pre-sale, which resulted in an immediate 1889% price increase on the first day of launch. This attracted the attention of many investors and the price rose further, achieving a total growth of 5394%. With a total market capitalization of $49.76 million and trading volume of $1.02 million over the last 24 hours, it has already created quite a bit of hype.

The hype is further fueled by an expiration timer on the CatSlap homepage and a message that a big announcement will be made in 7 days. There is talk in the hallways about a possible Binance listing. If so, SLAP would become the first cat meme coin to gain a presence on the world’s largest exchange, with over 200 million monthly users. Users can also win great prizes by participating in the Slap-To-Earn game on the CatSlap homepage. All top 10 finishers will receive $10,000.

What makes CatSlap unique, other than the slap cat meme, is its smart token system. Using this automated system, every 15 minutes 0.08275 ETH worth of SLAP tokens will be repurchased, increasing the price. A total of 86 million SLAP tokens have already been redeemed. Additionally, they also have a burn mechanism that is driven by the number of slaps given in the Slap-To-Earn game. As a result, over 140 million SLAP tokens have already been burned. This smart token system has already removed $1,368,174 worth of SLAP tokens from the market.

Don’t want to miss out on the CatSlap uptrend? If so, there is still time to get your first SLAP tokens before they make the big announcement. You can connect your wallet and pay with credit cards and cryptocurrencies on the official CatSlap website.

Go to Catslap official website

Flockerz (FLOCK) is focused on being the tightest meme community. They do this through a unique Vote-2-Earn system that ensures everyone within the project has a voice. This has already raised $5.7 million in initial investment.

After you get your first FLOCK token, you can vote on one of the public topics about the future of Flockerz. You can also work toward the future of your wallet, as you can earn additional FLOCK tokens for each vote you vote. Looking at herd genomics, we can see that 25% of all FLOCK tokens are reserved for rewards received when voting.

For those who can’t get enough FLOCK tokens, there is an option to stake the tokens with annual returns as high as 465%. This way, you will have 4x more FLOCK tokens in your wallet over the course of a year. Flock has utilized this extensively and already has over 387 million FLOCK tokens locked in its staking system. 25% of all FLOCK tokens are reserved for rewards received when staking. This shows that Flockerz is serious about building the tightest meme community.

Do you also want to take advantage of the many rewards available within Flockerz? Then you can easily get your first FLOCK token on the official Flockerz website. From there, you can connect your wallet and pay with cryptocurrency and credit cards.

Go to Flockerz official website