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Dogwifhat Price Prediction: WIF Plummets 18% As Analysts Wonder If Traders Are Migrating To This Meme Coin Star That’s Soared 1,000% In A Year

DailyBlockchain.News AdminJanuary 16, 2024

3 minutes read

Dogwifhat Price Prediction: Wif Plummets 18% As Analysts Wonder If

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The Dogwifhat worth has plunged by 18% within the final 24 hours to commerce at $0.285 as of 12:08 a.m. EST.

The correction follows a bull run that noticed the token double its valuation from per week in the past

Dogwifhat Price Prediction: Will The Meme Coin Get well?

An in-depth evaluation of 4-hour WIF/USDT charts reveals that bears nonetheless have a grasp of the meme coin market, as identified by a number of indicators. The MACD indicator is transferring within the crimson zone to point out bear dominance because the Dogwifhat worth doubtlessly heads for a steady plunge within the quick time period.

The Superior Oscillator (AO), utilized in gauging market developments, can also be reverting to the midline with crimson histograms suggesting sturdy bear developments on the meme coin. This is supported by the Common Directional Index (ADX), which can also be at present on a southern trajectory to again up the bear prospects on the meme coin.

Taking a look at volatility ranges, the Dogwifhat worth is at present unstable, as proven by the Bollinger Bands, that are far aside. Nonetheless, These ranges are prone to drop within the quick time period resulting from lowering buying and selling actions which have seen the token’s commerce quantity drop by 22% over the past 24 hours.

4-hour WIF Chart | Supply: TradingView

In the meantime, with the Dogwifhat worth going through bear domination, Sponge V2 is rising as one other meme coin different for traders chasing after projects with explosive potential in 2024. Might or not it’s that WIF traders are already shifting to this rising star?

Dogwifhat Price Prediction: Is Sponge V2 The Token To Purchase Now?

The most recent presale sensation, Sponge V2 (SPONGEV2) is an upgraded model of final 12 months’s viral success, Sponge, which has soared greater than 1,000% in a 12 months.

Sponge V2 introduces novel options poised to captivate the market. On the core of Sponge V2 lies an enhanced ecosystem, providing new play-to-earn actions and alluring staking incentives tailor-made for traders. This dynamic ecosystem stands because the cornerstone of Sponge V2’s attraction.

💸🛌 Earn passive #SPONGEV2 rewards simply by staking your $SPONGE!

Get pleasure from over 40% APY and watch your holdings develop.

It is by no means been simpler! 🧽💦🙌 #CryptoStaking #MemeCoin #Alts pic.twitter.com/N0z2n4W9is

— $SPONGE (@spongeoneth) January 10, 2024

In the realm of play-to-earn video games, Sponge V2 stands out with groundbreaking developments in tokenomics and practicality. And fascinating in these video games permits holders to reinforce their SPONGEV2 token holdings.

SPONGE additionally caught the eye of Tron founder Justin Solar.

#PeckShieldAlert The handle 0x9FCc…19Fe (Suspicious #JustinSun associated) has withdrawn 6,166 $ETH (price ~$13.8M) from #Binance pic.twitter.com/8jGbcwRvzg

— PeckShieldAlert (@PeckShieldAlert) December 26, 2023

After expressing a profound curiosity in meme cash final 12 months, Solar revealed his plan to start investing in them.

I’ve determined to start actively buying and selling meme cash and promising initiatives by means of my public handle. Please be aware, I’ll personally bear all potential losses from these trades, and any income made will probably be donated fully to charity.

— H.E. Justin Solar 孙宇晨 (@justinsuntron) May 11, 2023

With a complete wallet value of $595 million, Solar has about $100,000 price of SPONGE.

Gaming with Rewards

Sponge V2 permits customers to earn tokens based mostly on in-game rankings whereas collaborating in exhilarating racing and fight actions, and it’s ranked amongst the best gaming tokens to buy.

Sponge V2 additionally excels in staking capabilities, seamlessly integrating with gaming experiences. This synergy enhances the general attraction for each seasoned and novice traders.

With bears now in charge of the Dogwifhat worth, the SPONGEV2 presale presents an alternate probability to reap income. Time is of the essence because the Sponge V2 debut is imminent.

Go to the official Sponge V2 Web site right here.