In the latest WIF Price Analysis, uncover star of the Solana meme coin season, DogWifHat, and how it exploded +25% overnight. Also, find out why this other coin stands out as the next pump.
While Bitcoin and Ethereum drag their feet, Dogwifhat and the meme token market is exploding.
Dogwifhat (WIF), built on Solana, jumped 21.51% this week to $3.87. Bonk followed with a 17% rise to $0.00003837, according to CoinMarketCap.
Run their stops, again pic.twitter.com/BztEm6tQ5f
— Trader Koala (@trader_koala) May 29, 2024
Dogecoin (DOGE) surged 16.3% in a day to reach $0.16, its highest point since November 2022. This makes it the eighth-largest cryptocurrency with a market cap of $23.9 billion among major memecoins.
In this article, we’ll explore the best doggie meme coin investments and introduce a potential game-changer to this space.
Every Dog Coin Has Its Day: DogWifHat Vs. The Meme Market
The bulls are charging for Dogwifhat (WIF). In the past week, WIF’s price surged 20%, with an extra 8% jump in the last 24 hours.
At $3.87 and a market cap of $43.1 billion, WIF stands as the 28th largest crypto. This breakout from a symmetrical triangle hints at an imminent 80%-90% bull run
“WIF bulls are winning,” noted Captain Faibik, a prominent crypto analyst, who highlighted this development on Twitter.
$WIF Symmetrical Triangle Upside Breakout is finally Confirmed after 80-days of Consolidation..!!
Looks Pretty Solid for the 80-90% Bullish Rally.. 📈#Crypto #WIF #WIFUSDT pic.twitter.com/4ssGQZCQXk
— Captain Faibik (@CryptoFaibik) May 26, 2024
Additionally, a tweet from Lookonchain indicated high buying pressure on WIF.
A whale recently spent 17,966 SOL (worth $2.98 million) to purchase 953,177 WIF at $3.13. This same whale had earlier spent 1 million USDC to buy 355,417 WIF at $2.81 on May 21.
The three meme tokens—DOGE, WIF, and FLOKI—have all significantly outperformed Bitcoin over the last month.
The Influence of Meme Stocks Like DogWifHat and GameStop
GameStop (GME), which initiated the meme stock craze, is up 96% this month after news broke that the video game retailer netted nearly $1 billion from selling more of its stock.
GME’s Solana-based tribute token also surged by over 831.29% to $0.004473, as per CoinGecko.
However, Dogwifhat has more room to go as altcoin season is just kicking off with the approval of Ethereum ETFs and the Bitcoin Halving, which historically hits the markets six months after the event.
DISCOVER: The Best Solana Meme Coins to Buy in June 2024
Could This Presales Offer Better Meme Coin Play?
The doggy coins of old might be the current darling of meme coins, but Dogeverse is positioning itself as the next breakout star. Imagine snagging Doge on day one, complete with early adopter bragging rights.
Built on Base, Dogeverse is the first multi-chain DOGE incarnation, allowing you to trade this token to any blockchain network.
This gives DOGEVERSE a built in advantage that more investors will have access to it.
With the presale ending with $15 million raised, you only have this week to get your bag.
Don’t miss this opportunity.
EXPLORE: How to Buy Ripple (XRP) – A Beginner’s Guide
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
