WIF Pumps 6% As Analysts Say This Other Solana Meme Coin Might Be The Next Crypto To Explode

The Dogwifhat worth surged 6% within the final 24 hours to commerce at $3.11 as of 4 a.m. EST on buying and selling quantity that skyrocketed 168% to $708.9 million.

The WIF worth skyrocketed earlier to hit $3.30 earlier than paring some positive aspects. The positive aspects come amid a brand new outbreak of meme coin mania fueled by the return of Roaring Kitty, the person behind the GameStop (GME) saga in 2021.

That noticed Reddit merchants overpower hedge funds that had been benefiting from brief bets in opposition to the sport retailer.

Pepe soared 23% whereas DOGE climbed 5% and SHIB 4%.

Dogwifhat Value Prediction

Dogwifhat has seen important worth volatility previously a number of hours, with its worth fluctuating between $3 and $3.10 for essentially the most half. Nevertheless, this type of efficiency comes after the token reached $3.33 earlier as we speak, solely to appropriate to present ranges.

With its worth shifting up and down, many may marvel if the token can surge or if its worth will break the assist and sink additional.

In response to sure technical indicators, reminiscent of Bollinger bands, WIF reveals bullish indicators, which could enhance its worth. Whereas the bands are usually not at their widest level, they’ve seen a widening after the correction that befell earlier as we speak, which is an efficient signal.

Then again is the undertaking’s Relative Energy Index (RSI), a metric that reveals whether or not merchants are shopping for or promoting and which group is within the lead.

The RSI rating has approached the impartial space, which means the shopping for and promoting powers are comparatively balanced. The meme coin is neither being oversold nor overbought.

After all, that’s solely the case on the time of writing, as WIF’s RSI reached each factors within the final 24 hours alone.

However, with the RSI signaling stability and stability and Bollinger bands displaying bullish indicators, the WIF worth might go up and both breach the resistance at $3.10 or probably simply stick near it, awaiting the following alternative to skyrocket.

Promising Various To Dogwifhat

Whereas Dogwifhat grew to change into a really profitable meme coin, some imagine there are new challengers which have but to see “their second.” One such undertaking is Smog (SMOG), a dragon-based meme coin working on Solana’s community.

Smog just lately launched what it calls the best Solana airdrop of all time. The airdrop permits customers to obtain rewards by way of SMOG tokens in trade for accumulating XP.

Customers can earn XP in trade for finishing sure duties or buying and selling SMOG tokens, which is the quickest option to accumulate a considerable amount of XP within the present airdrop season.

#SMOG!

🐉 Soar
🔥 Burn
👑 Rule

— SMOG (@SMOGToken) March 5, 2024

Smog additionally provides staking with an annual return of 42% proper now.

The perfect place to purchase SMOG tokens is on the official web site right here, the place you get a ten% low cost. SMOG is offered in trade for ETH and USDT, but it surely will also be bought with debit and bank cards.

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