Solana’s favourite hat-wearing meme coin is on the transfer once more.
Dogwifhat (WIF) has surged 14% from yesterday’s low, catching the eye of retail merchants.
And with some bulls concentrating on the $5 mark, can WIF hold climbing within the days and weeks forward?
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Dogwifhat Worth Rallies as Spot Buying and selling Quantity Explodes
WIF is now buying and selling at $1.089 after shaking off its midweek hunch.
The pink-hatted canine coin has soared 53% previously week and a powerful 192% since this time final month – numbers which can be higher than most of its friends.
Dogwifhat’s buying and selling exercise tells the identical story.
WIF handed $1 billion in spot buying and selling quantity during the last day, placing it fourth amongst all meme cash.
After hitting Monday’s peak, WIF did cool off for a number of days, however now it appears to have discovered its footing once more.
Holders are getting excited because the coin breaks out of what appears like a textbook bull flag sample on the 4-hour chart.
Curiously, nothing is driving this newest surge.
As an alternative, there may be simply speculative demand from merchants who’re hopeful that WIF has bottomed out.
With native highs round $1.30, the short-term outlook appears vibrant for Dogwifhat.
Can WIF Hit $5 and Publish a New All-Time Excessive?
Can Dogwifhat climb all the best way to $5?
It’s a giant ask – however not totally not possible.
WIF has already come inside pennies of that milestone, touching $4.85 throughout March 2024’s bull run earlier than promoting off.
Attending to $5 means WIF would wish to rally about 364% from present ranges – large in conventional markets however not unusual within the meme coin house.
At that value, WIF can be sporting a market cap of round $3.9 billion, which is even greater than the TRUMP coin.
Some influencers suppose that is attainable.
Common dealer @HerroCrypto advised his 85,000+ followers that purchasing WIF beneath $5 is “principally free” – implying that he thinks it’s a discount.
However the elephant within the room is that WIF has zero utility past its meme standing.
There’s no staking, no governance, no DeFi use case – only a cute canine carrying a hat.
So, for WIF to hit $5, we’d want one other full-blown meme coin supercycle the place retail merchants take over the market.
It’s unlikely this can occur within the close to time period, provided that no clear catalysts are on the horizon to immediate such a rally.
Nevertheless, a return to peak meme coin mania is feasible in the long run.
How New AI Meme Coin MIND of Pepe May Outshine Dogwifhat’s Positive factors
Whereas Dogwifhat’s potential has individuals excited, the true life-changing positive factors come from discovering promising cash earlier than they hit main exchanges.
That’s the place initiatives like MIND of Pepe (MIND) come into play – at present going viral after elevating $9.3 million in presale.
With simply two weeks left earlier than the presale ends, buyers are racing to purchase MIND tokens earlier than they hit the open market by way of a DEX itemizing. However why all the joy?
It’s as a result of MIND of Pepe gives one thing helpful – an AI agent designed to assist merchants make higher selections.
This agent scans social media platforms (like X and Discord), tracks influencer opinions, and analyzes market sentiment to identify hidden gems earlier than they explode.
Take into consideration all of the moments you’ve kicked your self for lacking “the following Dogecoin” – MIND of Pepe will make it easier to keep away from that. And crucially, the AI agent learns from each interplay.
It will get smarter over time, plus it will possibly create and launch its personal tokens to capitalize on market traits.
Solely MIND holders get entry to those insights and tokens.
Proper now, MIND is available for purchase for simply $0.003715 in presale, and buyers can even stake their tokens for an above-average yield.
Crypto analyst ClayBro believes this low value may “10x” after MIND goes stay on exchanges.
So, whereas Dogwifhat would possibly nonetheless have room to run, this new AI meme coin has significantly better prospects.
Go to MIND of Pepe Presale
This publication is sponsored. CryptoDnes doesn’t endorse and isn’t chargeable for the content material, accuracy, high quality, promoting, merchandise or different supplies on this web page. Readers ought to do their very own analysis earlier than taking any motion associated to cryptocurrencies. CryptoDnes shall not be liable, instantly or not directly, for any injury or loss brought about or alleged to be brought on by or in reference to use of or reliance on any content material, items or providers talked about.
