Dogwifhat Price Update
The Dogwifhat price surged by 10% in the last 24 hours to trade at $0.3555 as of 4:50 a.m. EST, while the token’s trading volume jumped 23% to $101.1 million.
In the past week, the WIF price skyrocketed 369% for Dogwifhat to become the fifth-largest meme coin with a market cap of $360 million. The only larger meme coins are Pepe, Bonk, Shiba Inu, and Dogecoin.
The rising interest in Solana meme coin WIF was likely sparked by a recent airdrop conducted on the DappRadar’s website and by a mysterious “Binance insider” making an $8.8 million purchase.
Prognosis of Dogwifhat Price
It is hard to tell whether Dogwifhat’s price has reached its peak yet after reaching an all-time high, and its price has seen a minor correction. Bollinger bands and the Relative Strength Index (RSI) level suggest there is more room for growth.
If the broader crypto market sees a recovery, the token could break past the $0.40 mark. However, if WIF loses momentum, it may see a sharp correction down to previous support levels.
Promising Alternative to Dogwifhat
Sponge V2 represents a promising alternative for traders and investors. This new token is the second version of the original Sponge meme coin and is expected to launch on more popular exchanges. Visit the Sponge V2 website to find out more and participate in the token’s presale.
Sponge V1 holders can stake their SPONGE to earn Sponge V2. As for those who do not yet own any SPONGE tokens, they can buy them in the Sponge V2 presale, which has already seen over $4.07 million raised. The token is currently selling for $0.000819.
It should be noted that SPONGE V2 is not associated with Nickelodeon or their creation, SpongeBob SquarePants. The SpongeBob memes inspired it.
Hot Take – Analysis of the Dogwifhat and Sponge V2
Dogwifhat has experienced a surge in its price over the past week, with the potential to continue growing. On the other hand, Sponge V2 offers a promising alternative opportunity for traders and investors, especially with its presale seeing significant backing. Both tokens have an upward trajectory, making them strategic choices in the current crypto market.
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