'Shiba Inu Killer' Dogwifhat Erupts For 17% Gain, Will Erase 'Six Months Of Downtrend In 2-3 Weeks,' According To Trader

Dogwifhat WIF/USD has surged 17% over the past 24 hours, following a wider market rally in light of the Federal Reserve’s interest rate cut.

What Happened: Crypto trader Bleeker stated that while the timeline is silent on WIF, he is "enjoying that."  He predicts nothing less than a 100% price breakout for WIF.

Bleeker also restated his Sep. 10 prediction that Dogwifhat is approaching its important $1.70-$1.75 resistance, where it could either break out to $1.95 or drop to $1.45. He had concluded that it is "starting to look very constructive on its SOL pairing, nearing a break-up."

Another crypto trader, RookieXBT, predicts that WIF is going to erase six months’ worth of downtrend in two to three weeks.

Also Read: Floki Inu ‘DOGE Of This Bull Run’ Drops 23% In Seven Days, ‘Opportunity To Accumulate Once Again’

American cryptocurrency exchange Gemini announced on Thursday that Dogwifhat is now available on the exchange for trading, spurring on the meme coin’s 17% daily gains.

While traders currently remain bullish on the meme coin, it is important to note that cryptocurrency volatility could cause significant price fluctuations.   

What’s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

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• The Largest Holder Of Shiba Inu’s Rival Dogwifhat Is Up $68M On Their WIF But Just Started Accumulating More

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