TLDR
- Franklin Templeton recently revealed that Solana meme coins like Dogwifhat and Bonk captured a significant share of the meme coin market in 2024.
- WLD recorded a bearish price movement in mid-May despite making efforts to boost ecosystem operations.
- In its quest to challenge the world’s financial elite, Rebel Satoshi plans to assemble a community of web3 fighters and an initial capital of $100 million.
If you are looking for the best cryptos to buy, data suggests that you focus on Solana meme coins like Dogwifhat (WIF). Similarly, new mem coins like Rebel Satoshi ($RECQ) also have high ROI possibilities in 2024. However, crypto traders are currently exiting altcoins like Worldcoin (WLD). Keep reading to see expert opinions on these tokens.
Top Investment Firm Releases Data Backing WIF’s Dominance
On May 2, Franklin Templeton (an investment management firm with over $1.46T AUM) revealed that Dogwifhat and Bonk captured around 40% of the meme coin market in H1 2024. According to the digital assets arm of the company, Dogwifhat became popular in late 2023 after institutional investors returned to its ecosystem following the FTX/Alameda Research scandal in 2022.
However, Dogwifhat’s growth has slowed recently and WIF only recorded a small price surge in the second week of May. On May 9, WIF traded for $2.91. A week later, WIF gained 2.28% and sold for $2.98 on May 16. Luckily, Dogwifhat is one of the few popularly accepted meme coins and experts believe WIF will surge along with the best altcoins in the next bull run. For now, WIF is likely to range between $2.75 and $3.15 in the next few weeks.
Worldcoin Foundation Introduces New Category for Its Grant
On May 1, the Worldcoin Foundation introduced the New World Chain Category to its grants program. According to Worldcoin, this new grant will support infrastructure, research, and projects that will help World Chain scale to its full potential and serve billions of people across the globe. Additionally, Worldcoin announced that RFPs and applications will end on May 24 and the grant guidelines are already available for interested applicants to review.
Even though the Worldcoin Foundation is working tirelessly to grow WLD’s ecosystem, WLD went bearish in May. On May 9, WLD traded at $5.53. A week later, WLD lost 8.81% and traded for $5.03. According to crypto experts, WLD will likely retain its bearish price movement for the next few weeks due to the exit of retail crypto traders from the market. Therefore, analysts expect WLD to trade below $5.05 before the end of May.
$RECQ: Powering the First Web3 Financial Freedom Fighting Platform
Rebel Satoshi was created as a formidable foe against the world’s financial powers. As a community-driven meme coin, Rebel Satoshi plans to assemble a team of web3 warriors, interested DeFi companies, and a war chest of $100 million to challenge centralized institutions that hold more wealth than the rest of the world combined. Anyone can become a member of this movement by purchasing $RBLZ (Rebel Satoshi governance token).
Additionally, Rebel Satoshi’s utility token ($RECQ) is currently in its second presale stage and $RECQ is selling for $0.0044. When this presale stage is over, $RECQ will step into its third presale stage, gain 25%, and sell for $0.0055. In the coming weeks, experts predict that $RECQ will enjoy general market acceptance, and as a result, $RECQ will record a massive price surge when it hits the mainstream crypto market later this year.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
