WIF Pumps Again For 369% Gain In A Week As The Second Coming Of This Meme Coin Rockets Past $4 Million

The Dogwifhat worth surged by 10% within the final 24 hours to commerce at $0.3555 as of 4:50 a.m. EST, whereas the token’s buying and selling quantity jumped 23% to $101.1 million.

Prior to now week, the WIF worth skyrocketed 369% for Dogwifhat to turn into the fifth-largest meme coin with a market cap of $360 million. The one larger meme coins are Pepe, Bonk, Shiba Inu, and Dogecoin.

The rising curiosity in Solana meme coin WIF was probably sparked by a current airdrop carried out on the DappRadar’s web site and by a mysterious “Binance insider” making an $8.8 million buy.

Loopy!

A whale(binance-insider.sol) spent 86,738.1 $SOL($8.65M) to purchase 17.22M $WIF at $0.5022 4 hours in the past.

The whale calls himself a “binance insider” and appears to need to inform everybody that $WIF can be listed on #Binance. pic.twitter.com/ifdfNKG6LW

— Lookonchain (@lookonchain) January 11, 2024

Dogwifhat Worth Prognosis

WIF worth has seen a powerful efficiency over the past week, however the query that merchants and traders are asking now’s — the place will it go from right here?

The token has simply reached a brand new all-time excessive, and since then its worth has seen a minor correction. Nevertheless, it doesn’t look like Dogwifhat’s worth has reached its higher restrict as of but.

Particular technical indicators counsel extra room to develop, corresponding to Bollinger bands, which stay fairly extensive on the time of writing.

One other bullish sign comes from the token’s Relative Energy Index (RSI) degree, at present at 63.67. Whereas close to the overbought territory, the RSI rating has beforehand proven the aptitude of reaching a determine as excessive as 80.

This implies that there’s loads of room left to develop, particularly now that the eyes of the broader market are on the token and its efficiency.

WIF has seen a pointy worth surge, often adopted by an equally sturdy correction. In different phrases, when it loses momentum, WIF will see a correction that may probably take it again right down to one of many earlier resistances, which now act as assist.

The primary line of protection that the token’s worth has is the assist at $0.30, though its worth may doubtlessly sink to $0.20. If this assist fails, fails the following one sits at $0.10.

Nevertheless, if the broader crypto market sees a restoration from the current losses earlier than WIF loses its momentum, the token may see the continuation of its surge, which could push it previous the $0.4 mark.

Promising Various To Dogwifhat

Whereas Dogwifhat is dominating the memecoin highlight, forward-looking merchants and traders looking for to capitalize on the following nice alternative is likely to be keen on trying out one other token — Sponge V2.

It is a new model of the unique Sponge meme coin that went dwell in 2023, solely to see a 100x pump.

Those that missed it might probably now take part within the token’s “second coming” and purchase Sponge V2, which is predicted to be even higher and launch on extra outstanding and widespread exchanges.

Consideration, #SPONGERS! 🧽💦

We’re thrilled to announce that our liquidity is now locked! 🔐

With 4,270,902,045 tokens already staked valued at $3,497,953 with a formidable present 378% APY, $SPONGE is stronger than ever!

Go to our web site to seek out out extra! ⚡️#SpongeV2 #Web3 pic.twitter.com/1tYOhx3Lcb

— $SPONGE (@spongeoneth) January 8, 2024

Sponge V1 holders can stake their SPONGE to earn Sponge V2. As for individuals who don’t but personal any SPONGE tokens, they’ll purchase them within the Sponge V2 presale, which has already seen over $4.07 million raised.

The token is at present promoting for $0.000819 and will be obtained in trade for ETH or USDT. Alternatively, you can even purchase it along with your credit score or debit card.

It must be famous that SPONGE V2 will not be related to Nickelodeon or their creation, SpongeBob SquarePants. The SpongeBob memes impressed it.

Nevertheless, given the recognition and progress that meme cash have seen over the past a number of years, it represents a superb alternative for everybody looking for to profit from new stars on this crypto world.

Go to Sponge V2 right here.

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