Tag Archives: WIF

Bitcoin

Pundit Predicts Shiba Inu Competitor Dogwifhat Will Reach $10 Amid Short liquidations

Crypto dealer and analyst Unipcs (Bonk Man) has reiterated his bullish prediction for Dogwifhat (WIF). He made this assertion whereas revealing the sums misplaced by quick merchants because of their bearish sentiment across the meme coin. 

Dogwifhat Headed To $10

Unipcs talked about in an X (previously Twitter) submit that Dogwifhat is “headed to $10” and can by no means drop to as little as $1 once more. He added that the market is presently in a meme coin supercycle, which is why he believes the meme coin can attain such heights. The crypto dealer additionally highlighted how WIF shorts have been “getting squeezed exhausting” and mentioned that is the “means it must be.”

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Supply: X

In addition to Dogwifhat, Unipcs usually has a bullish outlook in the direction of meme cash. He earned a popularity for longing Bonk, one other Solana-based meme coin, with $16,000 in October 2023 and nonetheless holding as on the final time he shared an replace on the commerce. Based mostly on his replace, his unrealized revenue has risen to as excessive as $13.7 million sooner or later. 

Unipcs’s bullishness on meme cash can also be not shocking, contemplating this class of crypto tokens is projected as one of many main narratives in this bull run. It’s also price noting that meme cash Dogwifhat and Pepe (PEPE) are presently this 12 months’s best-performing crypto property among the many high 50 cash by market cap, with year-to-date (YTD) positive factors of over 1,800% and 1,000%, respectively. 

Unipcs isn’t the one one who believes that WIF may rise to $10. One other crypto dealer often called ‘Free’ has additionally reaffirmed on completely different events that the meme coin will nonetheless rise to that worth stage. In the meantime, crypto analyst Bluntz Capital can also be ultra-bullish on Dogwifhat, as he as soon as instructed that the meme coin will flip PEPE and Shiba Inu (SHIB) to turn out to be the second-largest meme coin by market cap, solely behind Dogecoin (DOGE).

This Crypto Analyst Has Different Expectations

Crypto analyst CrediBULL Crypto just lately revealed his bearish expectations for meme cash, together with WIF. He foresees a “meme wipeout,” which might be worse than he initially thought. He added that this incidence would “catch a ton of individuals off guard.” He claimed he would turn out to be a meme coin bull when the time is true, however now is just not the precise time. 

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In a latest video posted on his YouTube channel, CrediBULL Crypto additionally analyzed Dogwifhat. He famous that WIF had considerably moved to the upside, as he rightly predicted in an earlier market replace. Again then, he talked about that he was anticipating the meme coin to rise to $3.8 earlier than it dropped to as little as $1.6.

Nonetheless, in his latest video, he revealed that he received’t be shorting Dogwifhat even when it reaches $3.8. As a substitute, he’ll watch for the meme coin to assert the untapped highs on the $4 vary to validate his bearish expectations. 

On the time of writing, Dogwifhat is buying and selling at round $3, up over 6% within the final 24 hours, in response to knowledge from CoinMarketCap.

Dogwifhat price chart from Tradingview.com (Shiba Inu)
WIF worth at $2.9 | Supply: WIFUSDT on Tradingview.com

Featured picture created with Bulb.io, chart from Tradingview.com

Bitcoin

Memecoins Resurgence? POPCAT And MEW Surge 20%

Because the crypto market settles in on this new section of the crypto cycle, some memecoins have proven exceptional efficiency over the past couple of days.

Cat-theme tokens have considerably grown in recognition throughout this bull run, with some, like Cat in a Canine’s World (MEW), making it to the highest 10 memecoins record. Different feline-inspired tokens like Popcat (POPCAT) and Wen (WEN) have had a stellar week after current partnerships that triggered the worth to surge by 20% in a single day.

Was The Memecoin Surge Fueled By Bitcoin?

The memecoins sector has been dominated by canine, with tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) being the flagship memecoins for the previous few years. Throughout this bull cycle, dog-themed tokens like Bonk (BONK) and dogwifhat (WIF) have been the discuss of the city, and a number of the tokens with the strongest efficiency.

Since its launch in January 2023, Bonk has surged round 4291%, whereas WIF has soared about 1512% since December 2023. Furthermore, the sector has proven stellar performances with cryptocurrencies like PEPE and E book of Meme (BOME).

Bitcoin (BTC) has dominated this cycle alongside memecoins, as highlighted by prime crypto analysts like Alex Krüger and Altcoin Sherpa. Nevertheless, their efficiency has been strongly co-related to BTC’s typically.

The remainder of the market has gone down with Bitcoin every time the flagship cryptocurrency faces a powerful retrace. Consequentially, when BTC has recovered, most sectors, together with memecoins, have regained their ranges. It’s value noting that some tokens like Popcat have continued to carry out nicely, even in the course of the current rally slowdowns.

On Thursday, Bitcoin efficiently examined the $59,000 resistance stage after spending most of Could’s first days hovering between $57,000-$58,000. Within the final hours of the day, the biggest cryptocurrency seemingly turned the resistance stage right into a help zone, pumping the worth of a number of memecoins.

Consequently, the memecoin market was 9.46% up on Thursday evening. Equally, cat-themed tokens have been up by 22.09% with a market capitalization of $1.581 billion, per CoinMarketCap information.

Cat-Themed Memecoins Take The Lead With Popcat

Regardless of dominating the memecoins market, canine-inspired tokens have misplaced some floor in opposition to the growing recognition of feline-inspired ones. Whereas the cats’ tokens had elevated over 20% within the earlier 24 hours, the canine’ sector solely surged 3.7% in the identical timeframe.

Over the previous few days, cat-themed memecoins have been among the many prime gainers within the crypto market. For example, Popcat has remarkably maintained its upward trajectory in the course of the current retrace and likewise joined the highest 10 memecoins record.

Popcat, which appears to be constructing a loyal neighborhood, has constantly proven double-digit acquire percentages this week. As reported by SolanaFloor, the token momentarily flippled BOME with its $570.3 million market capitalization.

Furthermore, as Bitcoin reclaimed the $59,000 stage, the cat-themed token noticed a 31% value improve within the day by day timeframe. This made Popcat the biggest gainer among the many prime ten memecoins.

In accordance with memecoin analyst Murad, Popcat will surge to $5-10 within the short-term as “the Topped High Cat.” Because the token reached its all-time excessive (ATH) of $0.618 on Thursday, the dealer highlighted a number of targets, together with a long-term $20 state of affairs.

Murad's prediction for POPCAT. Supply: X

Murad expects the token “to go to $1 shortly” subsequent time it closes above $0.63. Per the analysts, “It’s Cat Season child and $POPCAT is in management.”

MEW Stays A Well-liked Cat

A month in the past, MEW joined the canine’ pack after changing into the eighth largest memecoin by market capitalization. Since then, the lonely cat’s efficiency has struggled, with a 51.8% and 28.4% value lower within the month-to-month and weekly timeframes.

Regardless of the current drop in efficiency, the token has remained one of many hottest matters amongst altcoins. On Monday, crypto trade Bidget topped MEW as probably the most searched altcoin on the trade, beating PEPE and SOL on the “#BidgetTrendingSpot.”

On the time of writing, the token has proven a exceptional 12% value restoration within the final 24 hours, presently buying and selling at $0.00424.

memeocoins, cat-themed memecoins, Poppet, POPCATUSDT

POPCAT is buying and selling at $0.5389 within the weekly chart. Supply: POPCATUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

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