DogWifHat Price Prediction as WIF Surpasses $1 Milestone – $10 Next Target?
Solana’s hottest meme coin at the minute, DogWifHat (WIF), added 400% over the weekend and crossed the $1 threshold to trade at $1.75 as of this writing, March 4, 2024.
WIF’s roaring success was shared across the meme coin space this weekend, with projects like PEPE, BONK and SHIB also holding onto three-digit percentage returns over the last seven days.
Market leader Dogecoin (DOGE) blew up a heady 92% over the week and currently trades for $0.1619.
However, there are current indicators that WIF’s rally may be cooling faster than its competitors. In the last 24 hours, WIF only added 4.7% compared to the four other meme coin leaders by market capitalization, which each posted intraday gains of around 20% or more.
In general, the whole crypto market is rallying and has been for most of 2024 so far. Bitcoin is currently up 5.5% overnight and trades for $65,107.84 as it nears its former all-time high of $69k.
Ethereum rose 3% overnight and trades at around $3,500, according to data by CoinGecko.
Looking at WIF’s performance on the chart over the last three months, its evidently in the midst of an aggressive bull phase, as shown by the steep upturn before the end of February alongside the frequent cup-and-handle patterns inside its ascent.
The meme coin is currently trading ahead of its 30-day moving average but it is gradually losing that boost to some recent red candles. With a Relative Strength Index (RSI) in the mid-fifties, market sentiment is not overly passionate right now, so there is likely to be a near-term stabilization over the next few days, although Bitcoin’s rallies may carry it higher still.
For anyone who has been watching the space long enough, last week’s mouth-watering meme coin rallies are enough to induce a
