Could WIF’s Surge Enable This New Dog-Themed Meme Coin to Reach Its Presale Hard Cap?

dogwifhat currently reigns as the third most valuable meme coin, but its crown faced a recent challenge. Pepe coin briefly snatched the position, sparking a heated competition.

However, dogwifhat’s robust market cap ultimately propelled it back to the coveted third place. The close market caps between these two rivals suggest an ongoing battle for meme coin supremacy.

dogwifhat (WIF) price analysis

dogwifhat (WIF) has been on an impressive streak lately, surging by nearly 34% over the past month. Over the past week alone, it experienced a substantial 36% increase, strongly indicating a bullish trend amidst the broader market’s struggles.

The daily chart for dogwifhat (WIF) reveals a recent breakout from an ascending channel pattern, followed by a consolidation period forming a triangle. This triangle suggests a potential breakout to the upside, with targets of $3.90, $4.22, and even $4.63.

However, a confirmed breakout strong enough to immediately surpass $3.30 remains to be seen. Support levels are positioned at $2.75 and $2.50, with the strongest support at $2.45.

Unlike Shiba Inu, which shows some bullish momentum but struggles to break above $0.0000261, dogwifhat’s current position is more volatile, with its price likely to hover within the $3.25–$3.50 range in the near term.

dogwifhat Price Analysis Graph

However, any significant bullish signals could trigger a breakout beyond its current price, propelling it towards its potential targets. A successful breakout would signify continued bullish momentum and potentially lead to even higher prices.

For those seeking the top altcoin investment opportunities in 2024, explore our comprehensive guide featuring the most noteworthy choices.

dogwifhat (WIF) price prediction

Some analysts are making bold predictions for dogwifhat (WIF), expecting the price to climb by an additional 20.30% in the next five days, reaching $3.97. This follows impressive gains of 854.96% in the last quarter and a staggering 70,561.90% year-over-year.

Dogwifhat’s resilience and growth can be attributed to several key developments. Dogwifhat, with a current market cap of $3.2 billion, is ranked as the third-largest meme coin, according to CoinMarketCap, closely trailing behind Shiba Inu and Dogecoin.

Recently, it was listed on OKX for spot trading, and there are hints of a potential Gemini listing following a playful exchange on X.

Additionally, the integration of Solana decentralized exchanges with Coinbase Wallet, allowing the trade of over 50,000 tokens, simplifies the use of decentralized platforms, enhancing accessibility and potentially increasing liquidity in the market.

For those interested in exploring similar projects, check out our exclusive guide to the hottest Solana meme coins for 2024.

Dogeverse: A Profitable Multichain Investment Opportunity

The cryptocurrency sector is constantly evolving, enhancing user engagement within its rapidly growing ecosystem. This significant upgrade streamlines the trading process by removing the complexities associated with DeFi platforms like MetaMask, making access easier for casual users through a more familiar interface.

In a similar vein of expanding accessibility and enhancing investor appeal, the newly launched Dogeverse project is quickly making its mark, having raised over $10.3 million.

Dogeverse sets itself apart by operating across multiple blockchains, including Ethereum, Binance Smart Chain, Polygon, Avalanche, Base, and Solana, thus broadening its reach and attracting a diverse user base.

Moreover, it offers enticing staking options and promising returns of over 100% annually, which is especially appealing to investors looking for high-yield opportunities in the crypto space.

This approach not only enhances the attractiveness of Dogeverse but also mirrors the broader trend of providing more user-friendly and financially rewarding crypto experiences. To participate in the $DOGEVERSE token presale, visit thedogeverse.com.

Related

  • DogWifHat Price Jumps 17% As WIF Futures On Coinbase Near And This New Solana Rival Soars Past $15M With Only 5 Days Left
  • Floki Price Prediction: FLOKI Surges 15% As Dog Meme Coins Pump And Presale Dogeverse Rockets Past $10M
  • Pepe Price Prediction: PEPE Flips WIF As 3rd-Largest Meme Coin After Coinbase Launches Pepe Futures, But This New ICO May Be The Next Big Meme Coin
  • Dogwifhat Price Prediction: As Coinbase Plans WIF Futures, Solana Rival Slothana Blasts Past $15M With Only Six Days Left

Comments

Post a Comment

Popular posts from this blog

CleanSpark boosts computing power by 37% with thousands of new Bitmain rigs

Image
The Bitcoin miner announced the purchase of 20,000 new Antminer S19j Pro+ at a 25% discount, approximately $13.25 per terrahash. Bitcoin miner CleanSpark is growing its mining capacity in the United States, with the purchase of 20,000 new Antminer S19j Pro+ units for $43.6 million. The acquisition is expected to boost the company's computing power by 37%, and brings the total number of miners purchased during the bear market to 46,500 units. According to a statement on Feb. 16, CleanSpark will pay $32.3 million for the machines after applying coupons, at a 25% discount or a total price per terrahash of approximately $13.25. The Pro+ rigs are 22% more productive than its previous models and are planned to be delivered in batches between March and May. The company is leveraging the market's lower rig prices to boost its mining capacity, while the Bitcoin (BTC) price rebounds. According to data from Hashrate Index, the current price per TH of same efficiency Bitcoin mining ASICs
Read more

Nomura’s Laser Digital Ventures in Infinity DeFi Lending Protocol

The digital asset division of Nomura Holdings, Inc., known as Laser Digital, has invested in Infinity, a decentralized finance protocol for institutional lending and borrowing. According to a joint statement released by the corporations, the Infinity protocol provides businesses with a foundation to base benchmark interest rates, lending, borrowing, and risk management in decentralized financial systems. However, on the other hand, the firms made no indication of the total investment amount. Olivier Dang, Head of Ventures at Laser, said in a statement; Infinity’s groundwork paves the way for institutional flows on-chain, new levels of rates, and risk innovation. This investment sheds light on a developing trend that combines crypto-native DeFi infrastructure and TradFi solutions. According to experts, this allows the tokenization of assets such as credit and the creation of blockchain-based markets for institutional investors. Financial institutions continue t
Read more

Belarus wants to ban P2P cryptocurrency transactions

Belarus’ Ministry of Foreign Affairs cited a high crypto crime rate for banning all citizens from exchanging Bitcoin between each other. The Belarusian foreign ministry is working on legal amendments to prohibit peer-to-peer, or P2P, transactions in cryptocurrencies like Bitcoin (BTC). The Ministry of Foreign Affairs (MFA) of the Republic of Belarus on July 2 issued an official announcement on Telegram about new legislation that would ban P2P crypto exchange for individuals. The authority cited a high cybercrime rate in Belarus, stating that local prosecutors have suppressed the activity of 27 citizens providing “illegal crypto exchange services” since the beginning of the year. Their total illegal revenues amounted to nearly 22 million Belarusian rubles ($8.7 million). The foreign ministry argued that crypto P2P services are “in demand among fraudsters who cash out and convert stolen funds and transfer money to organizers or participants in criminal schemes.” In order to eliminate
Read more