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Pundit predicts Dogwifhat will reach $10 amid short liquidations
Unipcs (Bonk Guy), a crypto trader and analyst, remains enthusiastic on Dogwifhat. He said this when detailing short traders' losses because to meme coin bearishness.
Dogwifhat Reaching $10
Unipcs said on X (previously Twitter) that Dogwifhat is “headed to $10” and will never dip below $1 again. As the market is in a meme coin supercycle, he feels the currency may rise. The crypto trader stated WIF shorts were “getting squeezed hard” and this is “way it should be.”
Apart from Dogwifhat, Unipcs is optimistic on meme currencies. He was known for buying Bonk, another Solana-based meme currency, with $16,000 in October 2023 and still holding when he last updated the transaction. According to his update, his unrealized profit reached $13.7 million.
Considering meme coins are one of the main themes in this bull run, Unipcs's bullishness is hardly unexpected. With YTD increases of nearly 1,800% and 1,000%, meme currencies Dogwifhat and Pepe (PEPE) are this year's best-performing top 50 coins by market cap.
UNIPCS isn't the only one that thinks WIF might reach $10. Another crypto trader, ‘Free’, has repeatedly said the meme currency would reach that price.
Crypto analyst Bluntz Capital is also positive on Dogwifhat, predicting that it would surpass PEPE and Shiba Inu (SHIB) as the second-largest meme currency by market valuation.
He predicts a “meme wipeout,” which may be worse than expected. He said it would “catch a ton of people off guard.” He said he will become a meme coin bull when the timing is perfect, but not now.
WIF had risen dramatically, as he correctly anticipated in a previous market report. He predicted the meme currency will reach $3.8 before falling to $1.6.
He said in a recent video that he won't short Dogwifhat even at $3.8. To confirm his pessimistic forecasts, he would wait for the meme currency to reach $4 highs.
CoinMarketCap shows Dogwifhat trading at $3, up over 6% in 24 hours.
