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Dogwifhat Price Outlook: Cute Meme Coin WIF Pumps Again For 104% Surge In A Week, But This Competitor Is Up More than 1,000% In A Year

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Dogwifhat Price
Dogwifhat Price

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The Dogwifhat price is up 20% in the last 24 hours, bringing the weekly gains to 104% as WIF trades for $0.24995 as of 2:40 a.m. EST time.

Trading volume is up 5% as WIF and Bonk Inu (BONK), both Solana meme coins, recover, while the rest in the sector continue to dump. According to one analyst, if the Solana price crosses the $110 mark, Dogwifhat price could reach $0.45000.

Meanwhile, reports reveal that an investor spent $8.6 million worth of Solana to buy 15.92 million WIF tokens on January 10. Although the Dogwifhat price gained more than 100% in the next 24 hours, reports say the purchaser had $5.7 million in unrealized losses from so-called ”slippage,” or the difference between the expected and actual buying price.

Elsewhere, a Solana-based maximum extractable value (MEV) bot was able to net a huge profit of up to $1.7 million. This was achieved by backrunning a trader who bought $8.9 million of the WIF meme coin, Solscan data shows.

Dogwifhat Price Prognosis

After a hard pump beginning on January 8, Dogwifhat price appears ready for a correction. Two key indicators signal this. First, the Relative Strength Index (RSI) is subdued, moving south to show falling momentum.

Secondly, the WIF price broke above the upper band of the Bollinger indicator at $0.24908. This often precipitates a correction as the price reverts to the mean.

As such, Dogwifhat price could pull south, retesting the $0.20000 psychological level. Further south, the price could extend the fall to the centerline of the Bollinger indicator at $0.13739. In the dire case, the WIF market value could roll over to the range low of $0.06550.

Dogwifhat
TradingView: WIF/USDT 12-hour chart

On the flip side, considering the bulls still have a strong presence in the WIF market, Dogwifhat price upside potential remains alive. The histogram bars of the Awesome Oscillator (AO), which flash green while holding in the positive territory, indicate the bulls’ presence in the WIF market.

The position of the Relative Strength Index (RSI) above the 50 midline suggests strong price strength, accentuating the bullish supposition.

Enhanced buyer momentum above current levels could see Dogwifhat price move above the $0.30000 psychological level. Further north, the price could clear the range high at $0.36000, or in a highly bullish case, record a higher high, reaching for the $0.40000 psychological level. Such a move would constitute a 60% climb above current levels.

Meanwhile, while the Dogwifhat price works out its next directional bias, many investors are being attracted to the outstanding performance of Sponge.

This meme coin is up 1,000% in a year, with analysts listing its V2 version that’s in presale now as among their top choices for potential exponential gains. To other analysts, it could be the next PEPE or SNEK.

Promising Alternatives To Dogwifhat

Sponge V2, one of the top five cryptos to watch in 2024, is a sensational meme coin, presented as an upgrade to Sponge V1. The Sponge V2 token aims to revisit the 100X gains its predecessor, Sponge V1, recorded in May 2023. It comes amid a price explosion by Sponge as investors embrace the V1 to V2 bridging mechanism.

Crypto executives such as Tron founder Justin Sun hold Sponge, embracing its potential for exponential returns on launch.  Sun first revealed his intention to trade meme coins in May 2023, and followed through with the commitment. Etherscan data shows that a  wallet tagged ‘Justin Sun 4’ holds $500 million in crypto assets.

Part of the holdings comprises 108 million SPONGE tokens currently worth almost $95,000. This makes the Tron (TRX) founder and Huobi Global advisor one of the largest holders of Sponge even as it bridges off to Sponge V2.

Sponge V2 is only available through the stake-to-bridge mechanism, such that Sponge V1 holders can buy and stake Sponge V2 through the Sponge.vip website’s buy widget.

Alternatively, stake the Sponge V1 you already hold through the Sponge.vip website. Remember, the more V1 tokens you stake, and the longer you stake them, the more V2 tokens you will earn.

You can claim the Sponge V2 tokens once the remaining supply of Sponge V1 is exhausted. SpongeV2 is ranked among the best penny crypto investments for you.

Visit and buy Sponge V2 here.

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