Bitcoin’s recent retreat from its brief foray beyond the $100K mark has sent ripples throughout the cryptocurrency market. This price movement has significantly impacted the altcoin market, with meme coins like DogWifHat (WIF) and Pepe adjusting their price trajectories. As of mid-January 2025, these tokens have been rerouting their plans, with WIF trading at $1.86 and Pepe at $0.00001842. The pressing question remains: can these meme coins scale back and reach new all-time highs (ATH) by mid-2025?
WIF, a standout among meme coins, had previously gained significant traction, reaching a high of $3 during the current bull market. However, following Bitcoin’s price drop, WIF saw a notable decline of 10%, now sitting at $1.86. Despite this setback, WIF remains bullish in its long-term outlook. According to CoinCodex, WIF is predicted to surge by 226.26%, potentially reaching $6.07 by early February 2025. Though current sentiment shows a bearish outlook, with the Fear & Greed Index indicating ‘greed,’ WIF is forecasted to slightly rise to $2.85 by January 20, 2025, hinting at a potential comeback.

On the other hand, Pepe, the iconic meme coin inspired by the infamous internet frog meme, has experienced a meteoric rise since its May 2023 launch. In just months, Pepe has skyrocketed nearly 173,111,039.63%. Currently priced at $0.00001842, the token is still garnering investor interest, with expectations of a 227% increase, potentially reaching $0.00006104 by February 2025. While technical indicators show a bearish sentiment and extreme greed on the Fear & Greed Index, the outlook for Pepe remains cautiously optimistic. By mid-January, the token is expected to find support at $0.00002861, with prospects of further gains if market conditions stabilize.

As Bitcoin’s fluctuations continue to shape the broader market, the future of meme coins like WIF and Pepe will depend on how well they can weather these shifts and build momentum towards new ATHs in the coming months.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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