Dogwifhat (WIF) to $10? Price Surges 12% for Second Straight Day, Eyes New All-Time Highs – Blockonomi


Dogwifhat
(WIF),
the
fourth-largest
meme
coin
by
market
capitalization,
has
been
on
a
meteoric
rise,
recording
an
impressive
12%
price
surge
for
the
second
day
in
a
row.
The
WIF
price
has
breached
the
$4
mark
once
again,
propelling
its
market
cap
past
$4
billion
and
sparking
a
30%
increase
in
daily
trading
volumes,
which
now
exceed
$1.5
billion.

TLDR

The
meme
coin’s
rally
has
been
relentless,
with
gains
of
30%
over
the
past
week
and
more
than
40%
over
the
past
month.

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On-chain
indicators
suggest
that
the
bullish
momentum
is
likely
to
persist,
as
evidenced
by
a
6.7%
increase
in
the
number
of
WIF
holders
over
the
past
30
days,
indicating
that
investors
are
taking
advantage
of
the
recent
dip
to
accumulate
more
tokens.

WIF
Price
at

Coingecko

DogWifhat
has
outperformed
Ethereum
(ETH)
by
a
factor
of
15
over
the
past
seven
days,
showcasing
its
strength
in
the
current
market.

The
token
has
also
experienced
a
positive
net
flow,
with
$162
billion
in
buying
volume
compared
to
$158.8
billion
in
selling
volume,

according
to
data
from
Dune
Analytics.

Analysts
are
now
speculating
about
the
possibility
of
DogWifhat
reaching
new
all-time
highs
in
the
near
future.
The
recent
price
surge
has
brought
WIF
within
12%
of
its
current
all-time
high
of
$4.65.

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If
the
price
closes
above
the
ascending
trend
line
around
$4,
it
could
confirm
a
bullish
breakout,
potentially
driving
the
price
towards
new
highs
above
$5
by
the
end
of
the
month.

Despite
the
recent
market
downturn,
which
saw
DogWifhat
lose
40%
from
its
all-time
high
of
$4.85
registered
on
March
31,
the
meme
coin
has
shown
remarkable
resilience
and
is
now
preparing
for
a
potential
breakout.
This
has
placed
WIF
on
the
radar
of
many
investors
as
one
of
the
altcoins
to
watch
closely.

Long-term
forecasts
for
DogWifhat
are
equally
promising,
with
top
experts
suggesting
that
the
meme
coin
could
soar
above
$10
before
the
end
of
the
year.

If
realized,
this
would
mark
a
historic
feat
for
meme
coins
and
solidify
WIF’s
position
as
one
of
the
top
meme
cryptocurrencies
to
invest
in,
given
its
significant
growth
prospects
and
lighthearted
nature.

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Author: Oliver Dale


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