Dogwifhat Up 70% In 7 Days Can Its Coinbase Listing Trigger A Shiba Inu-Like 1,800% Rally?

by Khyathi Dalal Benzinga Staff Writer

Zinger Key Points

Dogwifhat’s Coinbase debut has fuelled further gains, with traders speculating on a rally akin to Shiba Inu’s post-listing surge in 2021.
One trader sees $5 as the immediate target, while others are optimistic about a potential breakout mirroring $SHIB’s explosive rally.
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Dogwifhat's WIF/USD 70% rally over the past seven days landed the popular meme coin a Coinbase listing, prompting traders to call for a Shiba Inu SHIB/USD like rally.

What Happened: Following its Coinbase listing, one whale invested 12,400 Solana SOL/USD (worth $2.7 million) into WIF and Bonk BONK/USD, purchasing 406,000 WIF at $3.87 each with 7,200 SOL.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Dogwifhat	$4.05	$4.05 Billion	+11.6%	+70%
Shiba Inu	$0.00002504	$14.8 Billion	-5.5%	+32.5%
Bonk	$0.00003774	$2.8 Billion	-2.1%	+67.9%

Trader Notes: Crypto trader The Cryptomist anticipates a breakout to $5.

$WIF

Ascending triangle here on #WIF
Breakout will see us go for $5 pic.twitter.com/yNReBRKwkH
— The Cryptomist (@Thecryptomist) November 14, 2024

Crypto trader Lucky also called for $5, saying, "The hat's still on, aiming for $5 and beyond."

Another trader drew parallels between Dogwifhat's Coinbase listing to Shiba Inu's explosive 1,800% rally after its own Coinbase debut. He said that when SHIB was listed, its market cap was around $2.8 billion and surged for 42 days.

Currently, WIF's market cap is in a similar range at around $3 billion, leading some to speculate that WIF could see a similar rally, potentially reaching $52 by Christmas.

Community News: Coinbase has enabled full trading options for Dogwifhat, allowing users to buy, sell, convert, send, receive or store the coin.

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