Dogwifhat Rallies 17% From The Bottom, Outpacing Dogecoin, Shiba Inu: Why Is WIF Going Up?

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Zinger Key Points
  • Dogwifhat posts the highest single-day gains among major cryptocurrencies, with trading volume surpassing Dogecoin and Shiba Inu.
  • One trader forecasts a rapid move to $2, while another sees early signs of a five-wave rise from recent lows.
  • Get Pro-Level Earnings Insights Before the Market Moves

Dogwifhat WIF/USD is bouncing back from a prolonged downtrend, prompting traders to speculate whether the popular meme coin has finally found its bottom.

CryptocurrencyPrice   Market Cap24-Hour Trend7-Day Trend
Dogwifhat WIF/USD $1.35$1.3 billion+18% -6.4%
Dogecoin DOGE/USD $0.3288$48.6 billion-1.6% -10% 
Shiba Inu SHIB/USD $0.00001844$10.9 billion-2.9% -10% 

Trader Notes: Pseudonymous trader TheFlowHorse sees WIF as a strong play for a potential bounce, while prominent analyst Kevin highlighted to his followers that WIF hit “peak fear” under one dollar.

He suggests a strong weekly close, combined with dovish Fed comments, could push WIF beyond $2.

Crypto trader Bluntz Capital believes WIF has bottomed, noting that he sees a strong chance of a rebound.

Crypto trader Ansem calls WIF the "original coin that led the entire bull market," emphasizing its role as the first organic Solana meme coin to hit a billion-dollar valuation and drive the meme coin super cycle thesis.

Statistics: Dogwifhat's 16.7% daily rally makes it the top gainer among major meme coins, with 24-hour trading volume hitting $1.1 billion.

Community News: Dogwifhat's official X account teased "Viva La Vegas" with an image of WIF on the Vegas Sphere, hinting at an upcoming event in Q1. The post concluded with: "Hat stays on." 

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Image created using artificial intelligence with Midjourney.

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