Solana-based popular meme coin Dogwifhat (WIF) has surged 15% in the last 24 hours reversing its price trajectory and moving towards its new all-time high above $4.60. This healthy bounceback comes after a week of WIF price correction in April. As of press time, the Dogwifhat (WIF) price is trading at $4.14 with a market cap of $4.13 billion. Moreover, the daily trading volume has also surged by 35% to more than $615 million.
Investor Interest in Dogwifhat Growing Again
Interestingly, after a week of consolidation, current media trends indicate that WIF may have reached a potential turning point. Santiment’s Social Dominance metric gathers data from various media platforms to track the level of media traction surrounding a specific cryptocurrency project.
Following the excitement surrounding WIF’s remarkable 505% price rally in March 2024, media attention on the project declined in the first week of April. However, in the last 48 hours, WIF’s social dominance has doubled from 0.04% to 0.08%. This suggests that after a week of stagnant price action, Dogwifhat has begun to regain media attention.
The WIF Price Action
Regarding recent price movements, the value of WIF experienced a notable increase of 505% from March 1 to March 31. However, it encountered a subsequent pullback of 33.9% from April 1 to April 6.
For now, the immediate price resistance for Dogwifhat is $4.60 in the near term. However, if the bulls manage to absorb the selling pressure at this point, we could be seeing a decisive breakout in the WIF price to $6 and even more.
Since its inception last year December 2023, the Dogwifthat price is already trading at over 2,300% gains. A prominent on-chain metrics and price forecasting company has offered an optimistic outlook for the WIF token. According to a new forecast by CoinCodex, the Dogwifhat cryptocurrency could potentially reach $17 in market indices. The projection suggests that WIF’s trading range in 2025 could vary between $3.68 and $17.43.
The forecast highlights a potential high of $17 and a low of $3.6 for WIF. Achieving a price of $17 would signify a surge of approximately 325% from its current value of $4.
The post Dogwifhat (WIF) Price Jumps 15% With Trend Reversal Eyeing New All-Time High appeared first on CoinGape.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed