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The Dogwifhat price soared 21% in the past 24 hours to trade for $3.0507 as of 02:42 a.m. EST time.
It comes after the recent surge in the Bitcoin price, catalyzed by Hong Kong approving spot BTC and Ethereum exchange-traded funds (ETFs). That means it’s beaten the London Stock Exchange, which is underway with similar plans.
No one is bullish enough on $btc right now. London stock exchange is in the works and should be next. Ohhhh yea and the halving is in a few days lolllll. All coins go to infinity $wif $sc $sol $pups https://t.co/1GuSuzHdfn
— CryptoDaddy (@Crypt0Autist) April 15, 2024
Markets appear to be recovering, with the Bitcoin price back in the green. Meme coins are benefiting from capital spillovers, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), among others, boasting significant gains.
WIF continues to defend its position as the third largest meme coin by market capitalization after dethroning the frog-themed PEPE coin. This has enhanced investor confidence, especially with the prevailing hype around Solana-based meme coins.
$WIF bouncing back first has happened so many times. Strength and trend you can't fade. Free DOGE of this cycle. Makes up ~50% of my portfolio https://t.co/6rYXyv4Vuq
— RuneNerd (@RuneNerd_) April 15, 2024
Some analysts anticipate big moves among meme coin sector players, but this is contingent on BTC showing more strength.
The next 10x
👇🏼$DOGE$SHIB$WIF$PEPE$FLOKI$BOME$MYRO$SLERFThe next 1000x
👇🏼— Mr. BIG WHALE (@MrBigWhaleREAL) April 15, 2024
According to @deftsuolol in a post on X, a flip of the $3.20 blockade into support would pave the way for the Dogwifhat price to record a new all-time high (ATH).
$WIF 4h
4h acceptance back above $3.20 and I think new ATH's follow.
The hat stays on.
(NFA/DYOR.) pic.twitter.com/wIYBJPDMxF
— Deftsuo (@deftsuolol) April 15, 2024
There is also speculation of the listing of WIF for spot trading on OKX exchange at $9.00 UTC time on April 15.
$WIF TO BE LISTED FOR SPOT ON @okx at 9:00 am UTC!
Hats stays on!
Hong Kong approves BTc and ETH etfs!
If you are still not bullish leave crypto🫡
— $ASI WHALE (@investyourcoins) April 15, 2024
Dogwifhat Price Prediction Amid Growing Market Optimism
The Dogwifhat price is nurturing a recovery rally, after bottoming out at $1.9489 on April 13. Nevertheless, until such a time when the WIF price flips the 50% Fibonacci placeholder into a support level above $3.4076, the market will continue to lean in favor of the bears. Notably, the bullishness of the Dogwifhat price, like is the case for most altcoins at the moment, is contingent on whether Bitcoin price rises or crashes further.
Notice the subdued Relative Strength Index (RSI), which remains below the ’50’ mean level. The same goes for both the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD) indicators, which remain in negative territory.
Increased seller momentum could see the Dogwifhat price lose all the ground covered, to retest the $2.3293 support. In a dire case, the dump could send the price to the bottom of the market range at $1.9489 before a recovery.
TradingView: WIF/USDT 1-day chart
On the other hand, if the bulls take over the market, the Dogwifhat price could reclaim support offered by the lower boundary of the channel above the 50% Fibonacci placeholder at $3.4076. Such a move would encourage more buy orders, potentially enough to send the WIF price above the midline of the channel.
To invalidate the bearish thesis, however, the WIF bulls must haul the Dogwifhat price above the $4.8662 roadblock. A higher high above this blockade would encourage more buy orders to catapult the Dogwifhat price to a higher local top.
Elsewhere, investors are flocking to buy SLOTH, a new Solana-based project that is currently offering investors the last chance to buy before it goes live on exchanges.
Promising Alternative To Dogwifhat
SLOTH is the native cryptocurrency for the Slothana ecosystem, and it’s a new ”send SOL” type presale without timer, stages, or a hard cap, highlighting the current era’s preference for projects that are almost entirely driven by community support and hype.
🌿💰 Prepare for the rise of Slothana! With our coffers overflowing, it's time to embark on a Sloth crusade to establish a global empire. Slothana's reign is imminent. ⚔️ Anyone who stands in its way will face the wrath of the holy Slothana army! 🚀🦥 #SlothanaEmpire… pic.twitter.com/TyFjlJTL8q
— Slothana (@SlothanaCoin) April 11, 2024
This is unlike the initial wave of meme coins, which occasionally attempted to offer some utility or differentiate themselves through novelty features.
This strategy seems to be paying off as Slothana has quickly become a trending topic across social media platforms with its presale tokens also sold out after raising $10 million in less than two weeks.
It mirrors the trajectory of earlier projects like Slerf, which also capitalized on community and hype for growth.
🎩🌿🦥 I'm going to make them a memecoin they can't refuse🚀 Slothana's making moves to dominate the crypto scene. "Keep your friends close and your memecoins closer" – The Slothfather 💼💰 #Slothana #SlothFather pic.twitter.com/RnPJEan2Bq
— Slothana (@SlothanaCoin) April 10, 2024
There is also speculation that Slothana is the brainchild of the same team that developed the Smog meme coin, which pumped over 75X and gave early investors huge returns. If history repeats, or rhymes, Slothana could add to the list of Solana-based meme coin success stories.
🚀 Exciting news for our lazy sloth community! Our airdrop is being prepped for launch, which means the presale is wrapping up soon. ⏳ With Solana congestion expected to end in the coming days, now's the time to join the holy Slothana army!🌿💸 #SlothanaAirdrop #PresaleEnding
— Slothana (@SlothanaCoin) April 12, 2024
Although purchases are frequently made by sending SOL to a specific address, there is also a handy widget on the Slothana website here that accepts SOL swaps by connecting your Phantom or other self-custody wallet.
One SOL buys 10,000 $SLOTH, which means each token has an approximate price of $0.015394 at the time of writing. The presale has been extended for another two weeks to give investors one last chance to buy.
🚀 Exciting news, fellow lazy sloths! Our 'Lazy Sloth Buy Widget' is now LIVE on Slothana's site! 🌿🦥 No more excuses – even the laziest among us can now send SOL with ease. Say no to slovenly sloth and yes to crypto chad lambo time!💸 #Slothana #LazyCrypto #MemeCoin
— Slothana (@SlothanaCoin) March 27, 2024
Also Read:
- How to Buy Slothana – SLOTH Presale Review
- Slothana Presale Ends Soon – Last Chance To Buy Before Exchange Listings
- 420-Friendly Solana Meme Coin Slothana Raises $10 Million As ICO Clock Ticks Down
- PRESALE CRYPTO LIST: Top Upcoming Cryptocurrencies to Invest in 2024
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