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The Dogwifhat (WIF) price has exploded 50% to trade for $2.1459 as of 3:15 a.m. EST time on trading volume that soared almost 200%.
The Solana-based meme coin sustained its gains even as its peers in the meme sector plummeted after Bitcoin’s flash crash following its surge to a new all-time high on March 6.
WIF remains a hot topic after news emerged yesterday of its listing on Binance, the largest crypto exchange by market capitalization. The token started trading on March 5 at 14:00 UTC.
#Binance will list @dogwifcoin $WIF with Seed Tag Applied.
➡️ https://t.co/zlKeAgCLO6 pic.twitter.com/76nuDTbsAO
— Binance (@binance) March 5, 2024
There is also speculation that Coinbase could also list WIF soon, which could send the Dogwifhat price on another tear.
this is peak performance
see you at 10$+ & Coinbase
some bozos will try to convince you coinbase doesn’t list “wItHoUt a TeAM”
tell them to stfu and watch $WIF pic.twitter.com/OMo4s6QHWJ
— lil (@frombto) March 6, 2024
Dogwifhat Price Prognosis After Binance Listing
The Dogwifhat price is trading with a bullish bias, holding above the confines of an ascending parallel channel. The odds continue to favor the upside, seen with the Relative Strength Index (RSI) position at 65, showing there is still room north before WIF is overbought.
The inclination of the RSI to the north also shows that momentum is still rising. The large volumes of green histogram bars on the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD) in positive territory accentuate this. Furthermore, the position of the MACD well above the signal line (orange band) reinforce the bullish cycle.
Increased buying pressure could see the Dogwifhat price shatter resistance due to the midline of the channel. A break and close above this level could send the meme coin to the $2.2231 range high. In a highly bullish case, WIF price could extend a neck higher to tag the $2.5000 threshold.
TradingView: WIF/USDT 1-hour chart
Conversely, if profit-taking takes over, the Dogwifhat price could drop to lose support due to the lower boundary of the channel at $1.9482.
According to Crypto expert and influencer Lark Davis, meme coins remain the top-performing crypto niche.
The top-performing crypto niche right now is memecoins.
Memecoins like $WIF, $PEPE, and $BONK have been printing massive gains over the past few days.
Do you hold any memecoins in your portfolio? pic.twitter.com/jISv6gzm9h
— Lark Davis (@TheCryptoLark) March 5, 2024
With a budding resurgence after the Tuesday crash, the Dogwifhat price could extend its bullish cycle, potentially recording a new all-time high above $2.2498.
Meanwhile, while meme coins try to recover lost ground, WIF’s peer in the Solana ecosystem, Smog, is up over 164% over the week as its huge airdrop nears. It is ranked among crypto analyst Jacob Bury’s top 8 meme coins to buy now.
Promising Alternative To Smog
Smog aims to revolutionize the meme coin arena, an outcome achieved through an ambitious and rewarding airdrop initiative. It involves the distribution of a significant 490 million tokens to $SMOG holders. Investors can also accumulate points by participating in the Zealy campaign for an airdrop that is advertised as the ‘greatest of all time’
Join the #SMOG community on #Zealy and increase your points for the $SMOG #Airdrop. 🐲
Complete quests for extra points! 📊
Stay tuned for upcoming announcements. 📢🔗https://t.co/3EQxvQwsw3#CryptoCommunity #Altcoins #Memecoins #Binance #Crypto
— SMOG (@SMOGToken) February 21, 2024
The Zealy campaign helps users to increase their airdrop points just by completing tasks like following Smog on X and engaging with its social media posts. The project has garnered significant social engagement through its Zealy campaign and in anticipation of the upcoming airdrop.
https://twitter.com/nzeppitz/status/1764607673465479593
It offers more than just airdrops though with its utility extending to ‘The Dragon’s Court.’ This is an exclusive community of cryptocurrency experts accessible to token holders. It uses an innovative concept with a hallmark that is a mysterious hidden community set to unleash viral growth. This elevates the gamification of the airdrop campaign.
🚀 Join Smog airdrop on #Zealy! Smog is a new popular #memecoin on #Solana blockchain!
🎁 Rewards: points will be converted in $SMOG at the end of the campaign!🔗 Join now 👉 https://t.co/jVLyhRr1tK
1️⃣ Connect to Zealy
2️⃣ do social tasks
3️⃣ come back daily for more tasks
✅… pic.twitter.com/KQ7u5eLe0d— Airdrop Crypto – Token & NFT (@AirdropCrypto68) March 3, 2024
It is also worth mentioning that $SMOG leverages the swift transactions and cost-efficiency of the Solana blockchain.
The higher ETH goes and the subsequent gas fees the more bullish Solana gets.
Not everyone has the same unit value when assigning “this makes no sense” for a transaction cost. But the higher it goes the more ETHtards take the purple pill and realize this fact.
— Organized General (@rganizedgeneral) March 5, 2024
With more than 25k holders and a vibrant cross-platform community, Smog has secured a market cap of above $130 million, firmly establishing itself on the Solana blockchain and now ranking among the top 20 meme coins by market cap.
Also Read:
- How To Buy Smog Token – A Complete Guide
- Smog Price Prediction – $SMOG Coin Future Potential
- Smog Price Prediction – Can a Possible CEX Listing Fuel 10x Growth for $SMOG?
- Siacoin Price Prediction 2024 – Is $SC Worth Buying, or Is $SMOG the Best Alternative?
- Next Meme Coin to Explode In 2024 – Is $SMOG The Best Crypto To Buy Now?
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