DogWifHat Price Prediction as WIF Drops 6% Overnight – What’s Going On?
The WIF price plummeted by 6% on April 22 due to high volatility in the crypto markets after the Bitcoin halving.
Based on detailed analysis, the price forecast for dogwifhat’s token, $WIF, indicates a potential increase to $3.50 by Q4 2024.
This optimistic forecast has been attributed to the news of $WIF being listed for spot trading on OKX.
This development is expected to greatly increase WIF’s adoption rate, leading to a subsequent rise in its market value.
New Spot Listing 📢 $MEW @Mewsworld and $WIF @dogwifcoin will be listed on #OKX!
▶ Deposits: OPEN 🟢
📈 $MEW Spot trading: 8:00 am Apr 15 (UTC)
📈 $WIF Spot trading: 9:00 am Apr 15 (UTC)More: https://t.co/zCnI8TDmnQ pic.twitter.com/OJffIqMGAt
— OKX (@okx) April 15, 2024
DogWifHat Price Prediction as WIF Drops 6% Overnight
Over the past day, the trading price of WIF has fluctuated between a high of $3.13 and a low of $2.88, representing a significant decrease in value.
As per the latest data available on Coingecko, WIF is currently trading at $2.92.
According to the technical analysis, when WIF prices experienced a sharp decline of 6% to $2.88, it dipped below its single Moving Average (MA) indicator.
This indicates a short-term downtrend in the token’s performance.
On the 1D time frame, however, it appears there might be a potential bullish trend in the making.
A cup and handle pattern is in the making and is generally considered a bullish indicator in technical analysis.
In addition, the candlesticks have moved above the MA, indicating potential signs of a bullish trend.
Various news sources like Cryptonews have recently predicted that WIF is expected to surge in value, with its price projected to climb up to $3.50 by the end of this month.
Based on long-term projections, if the coin can sustain the current pace of growth, it has the potential to attain a value ranging between $7 to $12.50 by 2030.
Being the biggest meme coin on the Solana blockchain, it could overtake leading altcoins like DOGE and SHIB.
New Presale Tokens May Outperform Bigger Coins
With the WIF price less than 2x away from its ATH prices, traders may want to look at newer meme coin presale campaigns for potential 10x gains.
One of these promising crypto presales is run by Dogverse, a multi-chain-based network that has already raised over $7.5 million in its presale, which will end in less than 24 hours.
Another incredible achievement unlocked for #DOGEVERSE! 🚀
Exceeding the $7,500,000 milestone already! 💸
Cosmo is over the moon! 🐾😄
Way to go, #DOGE enthusiasts! 🌠 pic.twitter.com/jAZ7xZjkjw
— DogeVerse (@The_DogeVerse) April 19, 2024
Inspired by Dogecoin, Dogeverse is looking to tap into Doge’s cultural impact and explosion in popularity.
The DogeVerse is the first DogeMeme token built on a multichain network spanning the BNB chain, Ethereum, Polygon, Solana, Avalanche, and Base.
This is evident as its official X account now has more than 7,400 followers and continues to grow.
This suggests that Dogverse has already had a successful start in growing its community and raising funds.
The presale is ending in 13 hours, and investors can buy Dogeverse directly from their website.
Traders can buy Dogeverse using Ethereum, USDT, or a card. $10 USD converts to $0.03333 DogeVerse.
Tokens will then be airdropped to users – and potentially surging – soon after.
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.
