Wojak Coin: The hype behind $wojak meme coin

Wojak Coin is based on the viral meme on social media and this meme coin is trying to conquer the crypto market with its fame.

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Muhammad Naeem

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Last updated Aug 25, 2023 at 07:25 PM

Posted Aug 25, 2023 at 07:00 PM

wojak coin

We all love to see memes on social media and they are a fun way to convey messages, make jokes, and comment on other ongoings. Memes represent cultural expressions, communication, and social commentary. They not only reflect the mood, opinion, values, and creativity but also influence these factors.

Everything evolves, right? So are these memes - in a very dramatic way as they are becoming a source of wealth for many. The success of meme coins like Dogecoin, Shiba Inu, and other meme coins has inspired many projects and the $wojak meme coin is one of them.

Investing in such infant coins is the whales' business as you can end up living on the streets or become rich overnight like Jordan Belfort from Wolf of Wall Street. That's more of luck than any analysis as out of 100 such projects only 2 or 3 succeed and the rest die in a few weeks.

Let's try to explore Wojak Finance and try to predict its price and analyze its performance based on the market data.

What is the Wojak Meme Coin?

Wojak Coin is a cryptocurrency based on the Wojak meme that represents feelings of despair and frustration. WOJAK aims to create a decentralized platform connecting people through memes. It is inspired by the popular internet meme of the same name. The Wojak finance basically was inspired by the success of the $PEPE coin, a similar token based on the Pepe meme.

Wojak Coin Price today:

The Wojak price today is $0.000076 with a 24-hour trading volume of $1,931,081. Wojak is down 2.92% in the last 24 hours. The current CoinMarketCap is #2194. Wojak coin market cap is $5.29 million and 100% supply is in circulation. The max. supply is 69,420,000,000 WOJAK coins.

wojak meme coin

Wojak Meme Coin: Price today

Wojak Finance: Price history:

Wojak Coin price has experienced extreme volatility in recent months, hitting an All time high of $0.001084 in May 2023 before before to a low of $0.0001274. Since then the price of the coin has been in continuous decline.

Wojak coin price history

Wojak meme coin price drop since May 2023

Difference between Wojak Finance and Wojak Meme Coin:

Though these projects share the same name, there are a lot of differences in their price action and the team behind them. Wojak Finance is comparatively a more established project.

The native token of Wojak Finance is WOJ while Wojak token is an entirely different project.

Comparison of Wojak Finance and Wojak Meme Coin

Wojak Finance:

  • Concept: Earn tokens (woj) by using special online pictures (NFTs).
  • Goal: Become popular like Shiba Inu by creating a play-to-earn world.
  • Price: Around $0.0059 USD per woj token, $6,839.25 USD traded in 24 hours.
  • Changes: 1.07% price drop in 24 hours, ranked #4583, 50 billion max supply.

Wojak Meme Coin:

  • Idea: Connect people worldwide through funny memes.
  • Currency: Use "wojak" coins to trade memes, join events.
  • Price: About $0.000076 USD per wojak coin, $1,931,081 USD traded in 24 hours.
  • Changes: 2.92% price drop in 24 hours, ranked #2194, 69 billion max supply.

Wojak Finance aims for a game-like platform, while Wojak Meme Coin connects people through memes. Both coins are extremely volatile and have individual goals.

Wojak Crypto Meme and Whales:

On CoinMarketCap data, we can look at different factors that can influence the price of any token in the future. This includes what quantity is held per address, since then these wallets are holding and we can even check if they are whales or not.

To start with, among Wojak coin holders, there are nearly 63% cruisers and 37% traders and there are no holders.

Cruisers are the wallets that have been holding tokens for between 1 to 12 months. Traders are those wallets that have been holding these coins for less than a month. Holder addresses are those that have been holding these tokens for more than 12 months. Since Wojak crypto is not that old it does not have any holders.

However, it is worth noticing that 63% of cruiser addresses are probably the ones who bought the token when it was booming and these wallets are probably in a loss right now. They waiting for a safe exit. However, these 37% optimistic traders recently entered the trade in the hope of another pump.

wojak coin wallet

Wojak Finance: Address by time held

Now there are only 46% whale addresses which is probably normal for a token like Wojak. The reason for this could be that most of these have already booked their profits. However, if this number increases a bit, there’s a chance that these whales must be planning something.

whales holding $WOJAK

Percentage of whales holding $WOJAK

Meme coins find it hard to win people’s trust and this is the reason why only 0.22% of addresses hold coins worth more than $100k and only 10% hold between $1k to $100k worth of Wojak tokens. Nearly 90% of the wallets hold less than $1000 of these tokens.

Addresses by holding wojak meme coin

Addresses by holding wojak meme coin

Wojak Coin Price Prediction:

Wojak is currently trading at $0.000076. The price is accumulating here waiting for new hands to jump in or out. On a larger time frame, the coin has been in a bearish trajectory since May 2023. Thought it tried to recover a bit, but the price could not stand the selling pressure.

Wojak Coin Price Prediction

Wojak Coin Price Prediction 2023

If we apply the Fibonacci retracement indicator on a 4-hour chart, we can predict the movements of the coins, technically. Wojak coin price prediction for 2023, depends more on fundamentals but if we must rely on technical indicators, Wojak coin can rise up to 170% to $0.000138.

However, if the decline continues the coin may drop as low as $0.000005930 by the end of this year.

Wojak Coin is a meme coin that has a purpose: to create a meme economy that empowers people to express themselves, connect with others, and benefit from their creativity. The above analysis is based on information available online and technical indicators. Therefore, if whales decide to pump or dump the coin, this would be an extraordinary situation that cannot be predicted.

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