Key Insights:
Dogwifhat saw a massive surge this week, reaching a new all-time high.
Arthur Hayes, the former BitMEX CEO, predicts WIF could reach $10.
During the week, WIF fans successfully crowdfunded a massive ad campaign for WIF on the Las Vegas Sphere.
WIF’s growth is attributed to strong community support.
WIF is currently experiencing a price correction but could be ready for $4 if $2.5 holds
This week, the memecoin market received a boost.
However, this boost didn’t come from major memecoins like Dogecoin and Shiba Inu.
It came from the underdogs, including the Ethereum-based $FLOKI and Solana-based $WIF.
WIF, in particular, had the most insane week of the two. The memecoin made a new all-time high, is gearing up for one of the most massive crypto ads In history, and is now being predicted by a crypto OG to hit $10 pretty soon.
Let’s start with the $10 prediction.
Arthur Hayes, the former CEO of BitMEX and the current chief investment officer at Maelstrom, made a tweet sometime this week, about what he thinks of WIF.
“The hat stays on while I count to $10” Hayes proclaimed, implying that he expects that WIF can soar to around $10.
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$10 on Dogwifhat | Source: Twitter
Hayes’ confidence tweet hit the internet on 14 March, right as Dogwifhat hit a new all-time high of $3.
This isn’t all.
This remarkable achievement for the memecoin was not the end of the road for WIF’s upward trajectory.During the week, WIF fans successfully contributed to a successful crowdfunding campaign that raised over $700,000, for displaying the WIF token logo on the Las Vegas sphere.
Right after this, the price of WIF jumped by another 39% in less than 24 hours, leading it to a new all-time high of around $3.56, a rank as the 45th largest cryptocurrency by market cap, and closer to flipping $PEPE among memecoins.
WIF on Sphere
During the week, WIF fans successfully contributed to a successful crowdfunding campaign that raised over $700,000, for displaying the WIF token logo on the Las Vegas sphere.
Right after this, the price of WIF jumped by another 39% in less than 24 hours, leading it to a new all-time high of around $3.56, a rank as the 45th largest cryptocurrency by market cap, and closer to flipping $PEPE among memecoins.
Dogwifhat’s success has been fueled by the community’s support. Its followers’ passion and dedication have not only helped it reach its current success but also paved the way for its future expansion. Dogwifhat, at one point during the week, had increased by 79% on the weekly chart, showing the effectiveness of community-driven projects in the cryptocurrency space.
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The entire world is waiting in suspense, and everyone is still wondering if Dogwifhat is still on track to hit this $10 threshold. Time will tell, but one thing is for sure: the journey of this memecoin is one to keep an eye on.
We should start by saying that WIF is overbought, explaining the current 13% dip over the last 24 hours.
Dogwifhat price performance
As far as the charts show, WIF has declined so far, from this $3.56 all-time high, and is now in a decline that seems to be leading it to the $2.5 support.
This $2.5 support, interestingly enough, was its previous all-time high.
Seeing the significance of this support, the bulls are likely to be waiting around here, and investors should keep an eye out for WIF’s behaviour around $2.5.
If the bulls successfully defend this zone against the bears, we are likely to see a rebound that takes the cryptocurrency straight and further up to the next major resistance, around $3.96 ($4) in a 60% rally.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions