Release: 2024/07/19 19:12 Reading: 383
Dogwifhat Price Surges Amid Industry Rally
The Dogwifhat (WIF) price has surged by 8% over the past 24 hours and 58% within a week, reaching $2.45 as of 3:39 a.m. EST. This surge was accompanied by a 61% increase in trading volume to $640.6 million.
The pump has elevated WIF back into the top 50 cryptocurrencies by market capitalization, now ranking 43rd with a market cap of $2.39 billion. It remains the fourth-largest meme coin, behind Pepe, Shiba Inu, and Dogecoin.
The WIF surge is part of a broader rally across the cryptocurrency industry, which has benefited most meme coins. Sentiment towards the sector remains strongly positive.
Dogwifhat Price Prediction
WIF's price has experienced significant growth over the past week, primarily within the last five days. However, this surge faced resistance at $2.50 earlier today, causing a slight decline towards a support level at $2.40.
According to the project's Relative Strength Index (RSI), the price drop likely resulted from traders taking profits. The RSI indicates whether traders are buying or selling aggressively, and its decline suggests many may have waited until WIF reached $2.50 before selling to realize gains.
Consequently, the RSI value has decreased from 70 towards the neutral range of 50. Its future direction will depend on trader sentiment.
Positively, the project's Bollinger bands remain wide, with the price currently halfway between the upper and lower bands. During the recent bullish momentum, the price consistently pushed the upper band higher, but this has now stabilized.
This indicates that the market has not turned sharply bearish and may instead find some stability. It also suggests that the current WIF price dip could be a temporary correction, allowing traders to buy the dip and potentially drive the meme coin's value back up.
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Promising Alternatives to Dogwifhat
While WIF may rebound in the coming hours, traders seeking potential meme coin stars may consider .
Pepe Unchained (PEPU) is a new meme coin and an advanced version of Pepe that has "unchained" itself from the limitations of the Ethereum network. By launching its own Layer-2 blockchain on top of Ethereum, PEPU avoids the long waiting times and high transaction fees that plague the Ethereum network.
Pepe Unchained is fast and inexpensive, while still benefitting from the security features of the Ethereum ecosystem. It has garnered praise from traders and experts, with some speculating that the token has 10x potential after its launch.
PEPU tokens are currently priced at $0.0085277. Consider joining the project before a potential price increase in the coming days to secure the best possible price.
Visit the official website to purchase tokens using ETH, USDT, BNB, or credit/debit cards.
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