Next Memecoins to Explode, Jan 29 – DOGE, WIF, FARTCOIN

Highlights:

• DOGE, WIF, and FARTCOIN show potential as the next memecoins to explode despite market volatility.
• Dogecoin ETF hopes to rise as Bitwise joins the push for SEC approval, boosting institutional interest.
• Whale activity surges as large investors accumulate WIF, signaling possible price recovery.

The crypto market is bleeding again as prices tumble ahead of today’s anticipated U.S. FOMC readings. The global market cap has declined by 0.50% to $3.49 trillion, while the 24-hour trading volume plunged by 38% to $112 billion, solidifying the bearish sentiment. Despite the volatility, the fear and greed index has remained neutral at 50 indexes. 

Following the bearish setback, Bitcoin has faced rejection at the $103,500 mark while major altcoins trade in red. Additionally, the memecoin sector has faced a significant hit. The total memecoin market cap and 24-hour trading volume have declined to $92.98 billion and $10.459 billion, respectively. 

While the overall crypto market is volatile, it is ripe with potential, and here is a look at the next memecoins to explode, such as Dogecoin, Dogwhifhat, and Fartcoin. 

Next Memecoins to Explode

1. Dogecoin (DOGE)

The largest memecoin, Dogecoin, is trading at $0.3273, down by 3.02% in the past 24 hours. Since failing to break resistance at the $0.4300 region on January 17, the memecoin has been trading on a descending channel. Furthermore, the market cap and trading volume have dropped to $48.39 billion and $1.88 billion, respectively. 

In a recent SEC filing, Bitwise submitted its application to launch a Spot Dogecoin (DOGE) ETF. The crypto index fund manager joins Rex Shares and Osprey in filing for approval, highlighting increasing institutional demand for the memecoin.

BITWISE TAKES DOGECOIN TO THE NEXT LEVEL WITH SPOT ETF FILING

Bitwise just dropped a bomb—filing for a Dogecoin spot ETF.

This is huge for DOGE!

No more just memecoin status—if the SEC approves, it could make Dogecoin accessible like the big players in crypto.

The move shows… pic.twitter.com/f3im5CcdDE

— Mario Nawfal’s Roundtable (@RoundtableSpace) January 28, 2025

If approved, Dogecoin could become more accessible, potentially fueling price surges. This listing may be enough to place DOGE among the next memecoins to explode. There has been a lot of pressure from investors to have a Dogecoin ETF for a long time. Since the Bitcoin and Ethereum ETFs already exist, the addition of DOGE can bolster its position in the market.

2. Dogwhifhat (WIF)

Dogwhifhat has emerged as one of the top crypto gainers today, surging by 15% in the past 24 hours. The bullish momentum has led to a breakout of the recent downtrend, pushing the price to $1.34. Despite the bullish resurgence, WIF has declined by 5% and 30% on the weekly and monthly charts, respectively. Its market has climbed to $1.34 billion while the trading volume surged massively by 200% to $1 billion. 

Dogwifhat might have found a bottom after a severe A-wave correction, as suggested by crypto analyst Bluntz. The bear market was longer than anticipated, but the signs of early recovery can be seen. The WIF seems to have formed an ABC pattern on the lower timeframes, where the C wave may have formed the low. The RSI is at 40, which provides some reading of being oversold, hinting at a possible turnaround. Nevertheless, the full five-wave structure has not been fully developed.

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's some nice signs of life forming here on ltfs.

obviously very early days and we haven't seen a 5 wave… https://t.co/p5HhwIZz0t pic.twitter.com/uzz4RUfxvI

— Bluntz (@Bluntz_Capital) January 29, 2025

Furthermore, whale activity has increased as large investors continued to purchase more of WIF. According to on-chain data, trader Ansem bought 915,828 WIF for $1.2 million. The chart analysis combined with the continued buying pressure, positions WIF as the next memecoin to explode. 

3. Fartcoin (FARTCOIN)

FATCOIN is trading at $0.95, with a decline of 0.30% in the past 24 hours. Moreover, the memecoin has declined by 40% in the past week despite the monthly surge of 18%. The market cap and trading volume have decreased to $1 billion and $245 million, respectively. 

Crypto analyst Donny claims that Fartcoin is echoing its last accumulation phase before a breakout to the upside. This coincides with the major cryptocurrencies and the overall market, suggesting that a price reversal may occur soon.

Fartcoin (Sol) is in early stages of repeating the last accumulation bottom that started a strong up-trend

Timing aligns with majors and the broader market

The conditions will flip and the price will reverse quickly

View the quoted post https://t.co/2k6ZdeUSuW pic.twitter.com/8AvOO5B3dl

— Donny (@DonnyDicey) January 29, 2025

Earlier, Donny pointed out that Fartcoin maintains a 1:1 price correlation, suggesting a larger re-accumulation. Strengthening the setup, the current levels are close to prior all-time highs, making WIF one of the next memcoins to explode.