Investing in Meme Coins: The Absurdity of Dogwifhat and Trump’s Crypto Circus

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Ah, dear reader, the world of cryptocurrency, a veritable theater of the absurd, where the likes of WIF and TRUMP coins have once again captured the fevered imaginations of investors, as if they were the last bastions of hope in a chaotic universe.

Behold the illustrious Dogwifhat (WIF), a meme coin that has risen from the ashes of despair, poised for a bullish trend reversal, as if it were a phoenix, albeit a rather comical one, having completed a macro double-top correction. One can only wonder if the universe itself is laughing at our folly. 😂

Meanwhile, the ever-controversial Donald Trump’s meme coin, Official Trump ($TRUMP), has also purportedly found its nadir. How delightful it is to witness such a spectacle! The irony is palpable, as we ponder the depths to which our society has sunk, investing in the very essence of memes.

Yet, in stark contrast, the hapless Pepe seems destined for further volatility, a tragic figure in this grand play, leaving sidelined investors to ponder their fate, perhaps waiting for a more opportune moment to enter this circus of financial absurdity.

And lo! The low-cap frog meme coins are rallying with fervor, as if they were the chosen ones. Pepe Unchained (PEPU) has surged by 42% over the past month, a testament to the madness that grips the market. Prominent investors, those brave souls, are placing their bets on Wall Street Pepe, convinced it will outshine PEPU after its grand debut in February. What a time to be alive! 🐸

Legendary trader Bluntz, a name that echoes through the halls of crypto lore, believes that Dogwifhat may have indeed hit a local bottom. The price, having formed a macro double-top at $4.86, has plummeted to a mere $0.98. Yet, from the ashes, it has risen 35%, trading as high as $1.33 on Wednesday. A miracle, or merely a trick of the light? 🤔

“This ironically has potential to be the $WIF bottom. The major A wave has now been swept, the bear market obviously lasted longer than I had originally anticipated, but there are some nice signs of life forming here on LTFS. Obviously very early days and we haven’t seen a 5 wave…”

— Bluntz (@Bluntz_Capital) January 29, 2025

Yet, the FOMC jitters and the broader sell-off in tech stocks have cast a shadow over this newfound optimism, pulling the price back to $1.19. The bulls, ever hopeful, cling to the hope of a daily close above the $1.20 support level, a beacon of light in this dark abyss.

Several prominent experts, those sages of the digital realm, speculate on a new WIF all-time high in 2025. The likes of @SolidTradesz and @BuryCrypto whisper sweet nothings of potential gains into the ears of eager investors.

Data from Lookonchain reveals that the popular Solana bull, Ansem, has purchased nearly $1 million worth of Dogwifhat, perhaps preparing for a bull run, or simply indulging in the absurdity of it all.

Meanwhile, the crypto trader Muro, with a following of nearly 400k X, has opened a long position on Trump’s meme coin, Official Trump ($TRUMP). The Unknown Trader, with his own legion of 100k X followers, eyes a rally to $35. How quaint! Yet, the TRUMP crypto seems to be making lower lows and lower highs, a tragicomic dance that may lead to a retest of the $25.58 support level. A double bottom here would offer an excellent entry point for those brave enough to venture forth.

Low-cap frog meme coins bask in the limelight once more. Pepe Unchained, having experienced a 6x growth post-launch, is up over 40% in the past month, as if it were the star of this absurd play, preparing for new all-time highs. Yet, experts whisper that Wall Street Pepe (WEPE), set to launch in February, may even eclipse PEPU. The anticipation is almost palpable! 🐸💰

The WEPE presale has amassed nearly $64 million in its ICO, driven by the fervent buying of whales. Just last week, a deep-pocketed investor exchanged over $460k worth of ETH

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2025-01-30 00:39