LIVE
Has DogWifHat Passed? Bitcoin Guru Reveals $1 Price Objective
At its present price of $3.17, the famous Solana meme currency DogWifHat ($WIF) might go as low as one dollar, according to a prominent crypto influencer
Bluntz goes on to say that WIF's recent increases could only be a temporary shakiness before the token falls below $1.
One of the top influencers on the ByBit copy trading site, Bluntz has been making money for his followers constantly since he joined a year ago.
Unfortunately, DogWifHat's present price performance is not indicative of a decrease.
Last hour, WIF was up 12% and last week, it was up 15%. Its movement is generally consistent with the market as a whole, since the majority of top projects are up today.
Pepe Coin is the second-most-gained-to initiative among the five meme currencies in terms of market capitalization.
The price of PEPE increased 6.8% to $0.05862 at the time of writing. There has been a 13% increase in the past week as well.
Meme currencies performed better than market leaders Ethereum ($ETH) and Bitcoin ($BTC). Ethereum rose 2.2% to $3,037 while Bitcoin, the biggest cryptocurrency by market cap, increased 3.5% to $63,176 throughout the course of the day.
Throughout March, WIF surged, following the lead of the market leaders. Nevertheless, things started to diverge towards the end as the meme currency kept on surging and actually reached a new all-time high of $4.83 on March 31. Since then, the price has dropped by 34.2%, reaching its current level.
To this point, DogWifHat's RSI stands at 57. There seems to be purchasing momentum since this has been going up since midweek. If it doesn't calm down, investors could see the start of the drop that Bluntz predicted.
