Dogwifhat Struggles To Keep Up With Dogecoin, Shiba Inu: What Is Going On?

Zinger Key Points
  • Dogwifhat’s significant price drop prompts traders to tout it as an investment opportunity even if it touches $2.
  • Robinhood Crypto added Dogwifhat transfers on its platform following suit of others like Pepe.

Dogwifhat's WIF/USD underperformance has caught the attention of traders, who think better times are on the horizon for the canine-themed meme coin.

What Happened: Despite falling prices, crypto trader asad sees the risk-to-reward ratio for a run to $10 for Dogwifhat as favorable.

Crypto trader Scient believes the meme coin may offer a good entry at the $2 mark:

Also Read: Dogecoin, Shiba Inu, Dogwifhat Struggle But ‘Established Meme Coins Will Pull A Super Aggressive Monster Rally,’ Trader Vows

Another notable crypto trader expects an upthrust but plans to go short above $3:

According to one trader, if Solana SOL/USD reaches $500, WIF would follow, offering a “rare and promising investment opportunity.”

Robinhood Crypto EU announced Dogwifhat transfers are live on the platform. The withdrawal and deposit of the meme coin will get a 1% deposit bonus for a limited time.

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Image created using artificial intelligence with Midjourney.

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