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Dogwifhat (WIF), a popular meme coin, has been making waves in the cryptocurrency market with its recent surge in value. Following Coinbase’s announcement to list WIF, the token has experienced significant price movements, reigniting interest from investors.
WIF Key Statistics
- Current Price: $4.26
- Market Cap: $4.16 billion
- Trading Volume (24h): $3.88 billion
- Circulating Supply: 998.84 million WIF
- Total Supply: 998.84 million WIF
- CoinMarketCap Ranking: #25
Dogwifhat (WIF) has shown notable price fluctuations over the past 30 and 7 days. While it has increased by 20.98% from its recent high, WIF has seen substantial gains of 114.81% and 92.27% from its corresponding 30-day and 7-day lows, highlighting its capacity for swift recovery and growth. This significant price appreciation suggests that WIF is regaining traction.
WIFUSD Market
Key Levels
- Resistance: $4.80, $5.20, $5.50
- Support: $3.85, $3.00, $2.62
Dogwifhat (WIF) is experiencing a steady ascent on the USD daily chart, fueled by intensified buying pressure. This upward momentum suggests buyers are firmly in control. However, signs of overextension are emerging as the price reaches the upper Bollinger Band. The Relative Strength Index (RSI) of 80 indicates overbought conditions, potentially leading to a minor retracement.
Key resistance levels include $4.80, a significant barrier and breakout point, followed by $5.20 and $5.50, a psychological level that could propel further bullish interest. Support levels are established at $3.85 (top of the Bollinger Bands), $3.00 (a reliable price floor), and $2.62 (lower Bollinger Band), providing potential safety nets in case of a market reversal. Despite potential corrections, robust demand and upward momentum suggest WIF’s bullish trend may persist.
Will Dogwifhat (WIF) Reclaim Its All-Time High of $4.80 from March?
Dogwifhat (WIF) is once again in the spotlight as it pushes toward its all-time high of $4.80, set back in March 2024. Currently priced at $4.26, WIF has seen a resurgence with a market cap of $4.16 billion and a 24-hour trading volume of $3.88 billion, placing it firmly among the top 25 cryptocurrencies.
Dogwifhat: Elliott Wave Analysis
Now, as WIF approaches this critical $4.80 level, the question is whether it can sustain the momentum needed to surpass its previous peak. Investors remain optimistic, encouraged by WIF’s history of resilience and strong buying interest. If it manages to break past this milestone, WIF could be set for a new era of growth, capturing even more attention in the meme coin market.
WIFBTC Performance Insight
Dogwifhat (WIF) is demonstrating robust bullish momentum against Bitcoin (BTC), currently trading at 0.00004721 BTC. Having broken above the upper Bollinger Band, WIF’s volatility and upward trajectory have intensified, with key resistance levels at 0.00005000 BTC, 0.00005500 BTC, and 0.00006000 BTC. Although the RSI of 73.23 signals overbought conditions, potentially triggering a minor correction, WIF’s positive trend is expected to persist as long as it maintains support at 0.00004390 BTC, 0.00003450 BTC, and 0.00002510 BTC, potentially propelling it to test the critical 0.00005000 BTC level shortly.
Coinbase’s recent announcement has revitalized the upward momentum for Dogwifhat (WIF), echoing the excitement seen in April when the exchange initially introduced support for WIF perpetual futures on its international and advanced platforms. In a recent X post, Coinbase’s Chief Legal Officer Paul Grewal confirmed the listing of WIF, revealing its addition to the exchange’s roadmap.
Gm indeed. We've now added WIF to the roadmap with the goal of listing later today on @coinbase. Thank you. https://t.co/VGJQHKsF4f
— paulgrewal.eth (@iampaulgrewal) November 13, 2024
This development has sparked bullish sentiment among traders, who historically view listings on prominent exchanges like Coinbase and Binance as catalysts for growth. As a result, Dogwifhat’s open interest has surged over 40% to exceed $729 million, indicating heightened market anticipation and demand for the meme coin.
Alternatives to WIF
Dogwifhat has experienced significant value appreciation since its Coinbase listing, sparking the development of cutting-edge initiatives like Pepe Unchained ($PEPU). The project’s highly successful presale, which raised over $29 million, underscores substantial enthusiasm from investors. Pepe Unchained’s introduction of a developer grant program aims to stimulate innovation and drive ecosystem growth. This strategic move, coupled with burgeoning community engagement and heightened media presence, has markedly elevated the project’s cryptocurrency market profile.
Pepe Unchained Becoming More Exciting
As an Ethereum-based Layer 2 scaling solution, Pepe Unchained tackles network scalability limitations while maintaining robust security. By providing rapid transaction processing, minimized fees, and enhanced security features, $PEPU establishes a highly efficient and cost-effective platform for the Pepe meme coin and prospective applications. With scalability, security, and community-driven development at its core, Pepe Unchained is well-positioned to drive growth within the Pepe ecosystem and beyond.
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