Dogwifhat Rallies 17% From The Bottom, Outpacing Dogecoin, Shiba Inu: Why Is WIF Going Up?
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Zinger Key Points
  • Dogwifhat posts the highest single-day gains among major cryptocurrencies, with trading volume surpassing Dogecoin and Shiba Inu.
  • One trader forecasts a rapid move to $2, while another sees early signs of a five-wave rise from recent lows.

Dogwifhat WIF/USD is bouncing back from a prolonged downtrend, prompting traders to speculate whether the popular meme coin has finally found its bottom.

CryptocurrencyPrice   Market Cap24-Hour Trend7-Day Trend
Dogwifhat WIF/USD $1.35$1.3 billion+18% -6.4%
Dogecoin DOGE/USD $0.3288$48.6 billion-1.6% -10% 
Shiba Inu SHIB/USD $0.00001844$10.9 billion-2.9% -10% 

Trader Notes: Pseudonymous trader TheFlowHorse sees WIF as a strong play for a potential bounce, while prominent analyst Kevin highlighted to his followers that WIF hit “peak fear” under one dollar.

He suggests a strong weekly close, combined with dovish Fed comments, could push WIF beyond $2.

Crypto trader Bluntz Capital believes WIF has bottomed, noting that he sees a strong chance of a rebound.

Crypto trader Ansem calls WIF the "original coin that led the entire bull market," emphasizing its role as the first organic Solana meme coin to hit a billion-dollar valuation and drive the meme coin super cycle thesis.

Statistics: Dogwifhat's 16.7% daily rally makes it the top gainer among major meme coins, with 24-hour trading volume hitting $1.1 billion.

Community News: Dogwifhat's official X account teased "Viva La Vegas" with an image of WIF on the Vegas Sphere, hinting at an upcoming event in Q1. The post concluded with: "Hat stays on." 

Read Next: 

Image created using artificial intelligence with Midjourney.

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...