$WELSH, first memecoin on Bitcoin: 20M marketcap
WELSH is the first #Bitcoin memecoin, set to become the official mascot and ambassador for 
STXUSD Stacks. This charming dog aims to attract new users to Stacks and foster the development of new solutions within the ecosystem.
Currently, WELSHUSD is trading around the 0.618 Fibonacci retracement level from its low to its all-time high in March. Trading at the Golden Ratio offers a promising opportunity for Bitcoin's first memecoin.
By applying Fibonacci extensions, I have identified the next major resistance levels and potential targets for WELSH. Comparing memecoins on Ethereum and Solana, such as DOGE, SHIBA, Dogwifhat, and BONK, which have market caps exceeding $7 billion, to WELSH with its $20 million market cap, highlights its significant potential. As the first memecoin built on #Bitcoin, WELSH represents a unique and asymmetrical investment opportunity.
Woof.
STXUSD Stacks. This charming dog aims to attract new users to Stacks and foster the development of new solutions within the ecosystem.Currently, WELSHUSD is trading around the 0.618 Fibonacci retracement level from its low to its all-time high in March. Trading at the Golden Ratio offers a promising opportunity for Bitcoin's first memecoin.
By applying Fibonacci extensions, I have identified the next major resistance levels and potential targets for WELSH. Comparing memecoins on Ethereum and Solana, such as DOGE, SHIBA, Dogwifhat, and BONK, which have market caps exceeding $7 billion, to WELSH with its $20 million market cap, highlights its significant potential. As the first memecoin built on #Bitcoin, WELSH represents a unique and asymmetrical investment opportunity.
Woof.
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