Dogwifhat Price Outlook: WIF Surges Back With An 80% Pump As Potential Pepe Coin Killer SpongeV2 Rockets Past $3.5 Million

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The Dogwifhat price surged 80% in the past 24 hours to trade at $0.13 as of 11:36 p.m. EST, with trading volume soaring 180% to $20 million.

Anonymous cryptocurrency enthusiast Blockgraze earlier shared how a $1,000 investment had been turned into $100,000 via WIF.

I punted $1k into WIF a few days after launch cause I thought the memes were very funny

currently worth about $40k

I will not be considering taking any profit before $50 million market cap minimum

the dog has a hat after all https://t.co/tK5QgTu2uE

— blockgraze (@blockgraze) December 11, 2023

Dogwifhat Price Breaks Above The Asymmetrical Triangle

Dogwifhat Price Chart Analysis. Source: Tradingview.com — WIFUSDT Chart Analysis. Source: Tradingview.com

The Dogwifhat price has been gradually down-trending, forming an asymmetrical triangle with support at $0.06.

After facing resistance at $0.35, a downtrend ensued, impacting profits for some bulls. Yet, support at $0.06 has enabled the bulls to break above the triangle. The retest on the triangle’s upper boundary affirms the short bull rally ahead that could propel the price to reclaim the previous resistance at $0.35.

The Dogwifhat price has surpassed the 50-day Simple Moving Average (SMA), signalling intense buying pressure. Nevertheless, the bulls need to surmount the challenge of the 200-day SMA to confirm a general bullish rally.

The Relative Strength Index (RSI) indicates a bounce back from the oversold threshold of 30 to 63, approaching the overbought zone. This suggests a prevailing bullish sentiment with robust buying pressure.

The Dogwifhat Price Prediction

The overall sentiment for Dogwifhat is bullish, with bulls aiming to reclaim the previous high of $0.35 and potentially achieve new highs in 2024.

A sustained bullish momentum could drive the price to $0.40 and $0.45, representing a potential 180% increase from the current price.

However, if the bears intervene, the price could slip below the upper boundary of the asymmetrical triangle, continuing the downtrend and potentially heading to support at $0.056.

Meanwhile, investors seeking alternative coins with similar growth potential to Dogwifhat might find Sponge V2 intriguing. It has recently soared past the $3.5 million milestone, with experts calling it a potential Pepe coin killer.

SpongeV2 Hits $3.5 Million, Poised for 100X Returns, Buy Fast

The introduction of new utility features in SPONGE V2 has attracted fresh capital to the Sponge project. Sponge V2 has successfully raised $3.5 million and is looking to achieve a 100X return on investment, following in the footsteps of the successful Sponge V1.

Could SpongeV2 be the next Pepe in 2024?

https://Twitter.com/spongeoneth/status/1743678900633227411?s=20

SPONGE V2 presents the opportunity to buy and stake $SPONGE through the provided widget, enabling you to receive a bonus in V2 tokens at a token price of $0.000798. You can quickly buy now, as the price will continue to increase until the launch is done.

Sponge V1 marked a great achievement by attaining a market capitalization of $100 million and securing listings on over ten centralized exchanges, including LBank, Toobit, CoinW, BTCEX, Poloniex, MEXC, Gate.io, Bitget, BitKan, and BitMart.

In addition, the token attracted a community of more than 13,000 holders to the platform.

🚀 Missed Sponge V1's 100x Success?

With an even larger campaign for #SpongeV2, we’re coming back stronger than ever! 💪

Hurry and stake your $SPONGE tokens today! 🔥$SPONGE #Crypto #CryptoStaking pic.twitter.com/QIo0RMz4LT

— $SPONGE (@spongeoneth) January 6, 2024

The involvement of Tron founder Justin Sun has fueled the bullish sentiment among investors and traders. Sun moved $14 million from the Binance exchange, aligning with a remarkable 178% increase in $SPONGE.

Justin Sun had previously expressed his intention to acquire appealing meme coins, revealing in May 2023 that he planned to trade meme coins and promising projects. Sun currently holds $SPONGE worth in the region of $90K.

I've decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity.

— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 11, 2023

Data from crypto security firm PeckShield reveals a transfer of 6,166 ETH from Binance to a wallet associated with Justin Sun, whose value is $14.7 million at the current market ETH price.

#PeckShieldAlert The address 0x9FCc…19Fe (Suspicious #JustinSun related) has withdrawn 6,166 $ETH (worth ~$13.8M) from #Binance pic.twitter.com/8jGbcwRvzg

— PeckShieldAlert (@PeckShieldAlert) December 26, 2023

Get Sponge, Stake, Play to Earn

To access the new optimized-for-gaming SPONGE V2 token, you must stake the original V1 token. Over 4.2 million tokens worth $3.7 million have been deposited and staked in the bridging contract.

Attention, #SPONGERS! 🧽💦

We’re thrilled to announce that our liquidity is now locked! 🔐

With 4,270,902,045 tokens already staked valued at $3,497,953 with an impressive current 378% APY, $SPONGE is stronger than ever!

Visit our website to find out more! ⚡️#SpongeV2 #Web3 pic.twitter.com/1tYOhx3Lcb

— $SPONGE (@spongeoneth) January 8, 2024

Once you stake, the tokens will undergo automatic bridging. The specific date for this event is yet to be announced, so token holders are advised to stay updated through the project’s social media channels, including X and Telegram.

You can also engage in the play-to-earn (P2E) initiative, which provides free and premium versions. The premium version lets you use $SPONGEV2 tokens to buy extra game credits, increasing your opportunities to earn an additional $SPONGE.

Jacob Bury, a crypto YouTuber with over 26k subscribers, details how to earn from SpongeV2 and appears increasingly optimistic about the prospects of SpongeV2. He predicts huge returns for its investors.

To acquire Sponge V2 tokens, link your Web3 wallet to the official Sponge V2 website and exchange your ETH or USDT for V2 tokens. You can also make a direct purchase using your bank card.