Key takeaways
Dogwifhat’s price prediction suggests a bullish trend, with WIF anticipated to reach $2.50 by the end of 2024.
WIF could reach a maximum price of $26.63 by the end of 2027.
By 2030, Monero’s price may surge to $42.88.
Remember Dogecoin and Shiba Inu? The popular dog-themed memecoins!
Dogwifhat (WIF) is another dog-inspired memecoin built on the Solana blockchain. Despite being relatively new on the market (launched in November 2023), the “dog wif a hat” project saw remarkable success post-launch.
Following the exchange listing of the token on Binance, and the popular “Sphere Wif Hat” campaign that led to a crowdfunding of over 690,000 USDC, the value of WIF surged, temporarily usurping PEPE coin in late March 2024 to rank as the 3rd largest memecoin behind Dogecoin (DOGE) and Shiba Inu (SHIB).
Having no utility, the success of dogwifhat (WIF) has birthed another spinoff, catwifhat, with more hat-wearing dog memecoins expected to hit the market soon. Having closed in on the $5 mark on March 31, 2024, can WIF reach $10 soon?
Let’s explore the current market sentiments, and the possibilities of WIF reaching new all-time highs (ATHs).
Overview
Cryptocurrency Dogwifhat Ticker WIF Current price $1.55 Market cap $1,550,852,013 Trading volume $298,777,137 Circulating supply 998,845,737 WIF All-time high $4.85 on March 31, 2024 All-time low $0.0677 on January 8, 2024 24-hour high $1.62 24-hour low $1.50
Dogwifhat price prediction: Technical analysis
Metric Value Price Prediction $ 5.19 (228.36%) Volatility (30-day Variation) 14.02% (Very High) 50-day SMA $2.43 14-Day RSI 36.51 Sentiment Bearish Fear & Greed Index 25 (Extreme Fear) Green days 12/30 (40%)
Dogwifhat (WIF) price analysis: WIF to recapture $2 amid bearish price movements?
TL;DR Breakdown
Dogwifhat (WIF) is currently bearish.
WIF’s support level is present at $1.4780.
A breakout of the falling wedge could see WIF reclaim the $2 price level.
Dogwifhat price analysis 1-day chart: WIF exhibits neutral to slightly bearish price actions
The 24-hour WIF price chart indicates a downtrend and high volatility, with the price recently touching the lower Bollinger band. WIF token has been in a general downturn since early June, with failed attempts to break above the resistance levels, resulting in a retracement back down.
WIF 1-day price chart from Tradingview WIF has immediate support at $1.4780; increased trading volume and a sustained price movement above this level could result in the reversal of the downward trend. A bearish scenario could take WIF further down to the next support at $1.4227.
The chart shows immediate resistance at $1.7872, and a break above this price point could result in a bullish market, driving WIF to the next targets at $1.8789 and $1.8968. With the RSI at 40.96, Dogwifhat (WIF) is in neutral to slightly bearish territory, suggesting that while the token is not currently oversold, it is also not exhibiting strong momentum that would indicate an imminent bullish reversal.
Dogwifhat price analysis 4-hour chart: WIF targets $2 and $3.5
The 4-hour price chart indicates that the price of WIF follows a falling wedge pattern, which is typically a bullish reversal pattern. The wedge formed between approximately $1.50 and $2.50, with a narrowing price range indicating a potential bottoming out and an impending breakout.
WIF 4-hour price chart from Tradingview The three bottoms identified on the chart indicate a strong support level around $1.50. The first price target is around the $2.00 level, aligning with the previous resistance level within the wedge. The second target is around the $3.50 level, indicating a more substantial breakout. Failure to break above the $1.50 level could indicate a continuation of the downtrend.
The MACD indicator shows a slight positive value for the MACD line (0.0073) and a negative value for the signal line (-0.0399), with a histogram bar of -0.0471. The MACD histogram being negative indicates bearish momentum, but the recent convergence of the MACD and signal lines suggests a potential shift towards bullish momentum.
Dogwifhat technical indicators: Levels and action
Daily simple moving average (SMA)
Period Value ($) Action SMA 3 1.5844 SELL SMA 5 1.6221 SELL SMA 10 1.7233 SELL SMA 21 1.8720 SELL SMA 50 2.5000 SELL SMA 100 2.7103 SELL SMA 200 – –
Daily exponential moving average (EMA)
Period Value ($) Action EMA 3 1.5895 SELL EMA 5 1.6311 SELL EMA 10 1.7247 SELL EMA 21 1.8965 SELL EMA 50 2.2363 SELL EMA 100 2.4989 SELL EMA 200 – –
What to expect from WIF price analysis?
Our analysis shows that the WIF market sentiment is bearish, and the fear greed index shows extreme fear among investors. The move comes as WIF drops lower with failed attempts to break above resistance. The bearish scenario could take WIF down to the next support at $1.4227.
Is Dogwifhat a good investment?
Dogwifhat has experienced notable price fluctuations, particularly with a substantial increase in value beginning in late February 2024. While analysts hold diverse opinions on the future of this meme coin, the prevailing sentiment is optimistic. Projections indicate that by 2030, the price could rise to between $25 and $42, highlighting significant potential for further growth.
Where to buy WIF?
Currently, traders and investors can buy Dogwifhat (WIF) on these CEXs: Binance, KuCoin, HTX, Bybit, Bitget and several others.
Why is WIF down?
WIF is down due to a combination of market volatility, recent bearish trends, and profit-taking by investors. Dogwifhat has been in a general downturn since early June 2024, with failed attempts to break above its resistance level at $1.7872, resulting in a retracement back down.
Will WIF reach $10?
Having already reached about $5 on March 31, 2024, the $10 target might not be too far-fetched. Predictions by analysts suggest the token could surpass $10 as soon as 2025.
Will WIF reach $100?
Dogwifhat (WIF) reaching $100 is highly ambitious and would require exceptional growth, widespread adoption, and wild market speculation.
Does WIF have a good long-term future?
WIF has potential for a good long-term future if it continues to gain popularity and adoption. Analysts project a market price of about $7 by 2025 and $40 by 2030. However, as with all meme coins, its future is uncertain and highly dependent on market trends and community support.
Recent news/opinion on WIF
Now with a market cap of over $1.58 billion, WIF surpasses BONK as the largest meme coin in the Solana ecosystem.
Coin ranking from Coinmarketcap Despite being 67% down from its all-time high, holders think that WIF will surpass DOGE as the $90 billion market cap coin. A thread on Dogwifhat (WIF) from Reddit. Dogwifhat price prediction July 2024
If the bulls back WIF, the token could breakout reaching a peak of $2.5, and an average trading price of $2.17 in July 2024. A bearish outlook for the market could see WIF drop to as low as $1.34.
Dogwifhat price prediction Potential Low Average Price Potential High WIF price prediction July 2024 $1.34 $2.17 $2.50
Dogwifhat price prediction 2024
Impactful updates and major collaborations in Q3 and Q4 of 2024 may cause the value of WIF to surge, reaching a maximum value of $7.20. On the flip side, negative market sentiments could knock WIF down to a minimum price of $1.25. On average, WIF token could trade around $5.26.
Dogwifhat price prediction Potential Low Average Price Potential High Dogwifhat price prediction 2024 $1.25 $5.26 $7.20
Dogwifhat price prediction 2025-2030
Year Potential Low ($) Average Price ($) Potential High ($) 2025 3.93 9.15 11.92 2026 7.77 16.00 18.12 2027 13.38 22.98 26.63 2028 17.57 29.95 32.00 2029 22.37 35.01 36.72 2030 25.22 40.41 42.88
Dogwifhat (WIF) price prediction 2025
The WIF price prediction for 2025 anticipates a surge in price, resulting in a maximum price of $11.92. Based on expert analysis, investors can expect an average price of $9.15, and a minimum price of about $3.93.
Dogwifhat price forecast 2026
According to the WIF price forecast for 2026, Dogwifhat is anticipated to trade at a minimum price of $7.77, a maximum price of $18.12, with an average price of $16.00.
Dogwifhat price prediction 2027
The WIF price prediction for 2027 indicates a continued rise with minimum and maximum prices of $13.38 and $26.63, respectively, as well as an average price of $22.98.
Dogwifhat price prediction 2028
Dogwifhat price is expected to reach a minimum of $17.57 in 2028. The maximum expected WIF price is $32.00, with an average price of $29.95.
Dogwifhat price prediction 2029
The WIF price prediction for 2029 estimates a minimum price of $22.37, a maximum price of $36.72, and an average price of $35.01.
Dogwifhat price prediction 2030
The Dogwifhat price prediction for 2030 suggests a minimum price of $25.22 and an average price of $40.41. The maximum forecasted Dogwifhat price is set at $42.88.
Dogwifhat market price prediction: Analysts’ WIF price forecast
Firm 2024 2025 Gov.Capital $0.0296 $0.0437 DigitalCoinPrice $1.40 $3.37 CryptoPredictions $2.295 $2.669 CoinCodex $4.21 $7.47
Cryptopolitan’s Dogwifhat (WIF) price prediction
Cryptopolitan’s WIF price prediction proposes a bullish outlook for Dogwifhat’s future price should the market recover soon. According to our expert analysis, WIF might record a maximum price of $5 by the end of 2024, and an average price of $7.5 in 2025 if the bulls back the token.
Dogwifhat historic price sentiment
WIF price history from Coinmarketcap
Dogwifhat (WIF) launched in November 2023, and traded within the range of $0.1 – $0.3 for the remainder of 2023.
WIF started 2024 at $0.15 and surpassed the $0.5 mark on January 18. However, the token soon faced rejection, plummeting to $0.1795 on February 6.
A bullish wave followed, taking Dogwifhat (WIF) to $0.90 by the end of February. Further upsides were experienced in the market, pushing WIF to $3.60 by mid March. The token reached its all-time-high (ATH) of $4.85 by March ending.
Mirroring the overall crypto market sentiment, WIF fell to $1.95 in April, but consolidated between $2 – $4 till May 29, 2024.
The bears took control of the market in June which saw WIF return to its early March 2024 levels, trading as low as $1.4831.
In July, WIF has experienced a mixed market, reaching $2.3627 earlier on, but soon dropped to as low as $1.4971. At the time of writing, WIF is trading within the range of $1.50 to $1.62.