Bitcoin Price Slides As Jamie Dimon Calls It A Pet Rock, WIF Soars 50%, SUI And SEI Extend Gains

Bitcoin price remains stuck in a narrow range as the ETF hype dies out. As a result, the price action of the most altcoins has also been cautious this week. However, some altcoins have still managed to catch bids and have extended their gains. SEI, SUI, DYDX and SUPER are some of the few such coins.

Solana based memecoin Dogwifhat (WIF) emerged as the best-performing cryptocurrency out of the top 200 tokens with a more than 50% price surge. On Thursday morning, WIF price hit a new all-time high of $0.5318 and stood at $0.48 after a brief correction at press time.

In his latest interview, the CEO of JPMorgan, Jamie Dimon, once again took a dig at Bitcoin. The boss of the fintech giant called the pioneering cryptocurrency a Pet Rock without any intrinsic value and a tool for money laundering. Dimon's remarks were widely met with criticism in the crypto circles.

WIF Surges To a New ATH

In its second consecutive week of uptrend, WIF crypto has soared to its highest level in history. The price surge pushed the market capitalization of Dogwifhat above $460 million, making it the 5^th most valuable memecoin.

SUI Price Rebounds From $1.20

During the Tuesday's sell-off, SUI crypto dipped to $1.20. However, the drop turned out to be short-lived as the price closed the day at $1.29%. On Wednesday, the SUI price was up 1.72% and stood at 1.78% at press time.

On the 4H chart, it is facing resistance from the $1.33 level. A breakout above this level might result in a new yearly high above $1.45. On the lower side, there seems to be some support below $1.10, but that might only come into play in case of a rejection from $1.33.

SEI Targets A New All-Time High

Another altcoin aiming for new highs is SEI crypto which is the native asset of SEI Network. After a 7.6% increase on Tuesday, SEI price had a 3.68% pullback during its Asian session on Wednesday. The most likely scenario still seems to be a retest of the $0.88 level, but a retest of the  $0.76 level might occur before.