Dogwifhat on a rampage, up 30% within a week
WIF is arguably the most bullish meme token among the top 50 digital asset
WIF is arguably the most bullish meme token among the top 50 digital assets. Dogwifhat (WIF) is making waves as it has led by about 30% in a week making it attractive for investors looking for high rewards.
The 44th most valuable crypto asset was priced at $2.2 at the time of this publication, after a 10% increase in the past 24 hours. If last week’s price movements of WIF are anything to go by, then the meme coin is at a pivotal market reversal point back to bullish.
Some suggest that such a bullish return is partly because of an increased appetite for high-risk risk. WIF’s breakout of its resistance into its yearly highs amid the dovish stance in global central banks. Price predictions indicate the meme coin could still post additional upsides by the end of next month.
However, some conservative investors are likely to take some profits once WIF gets to the level of resistance that is around $2.2 The recovery of WIF and other meme coins with lower market valuation will increase the firepower in the crypto market
Although setting a new record high in October would be a big hurdle analysts are optimistic that a $3 recovery is feasible. But the WIF price would Astute investors have pointed out, Dogwifhat has shown to be a great gauge of the overall market sentiments. Therefore, WIF’s optimistic comeback may indicate that a larger meme coin bull run is approaching, perhaps resulting in enormous gains from low-cap tokens.
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