DogWifHat Price Prediction as WIF Pulls Back From $4B Market Cap

Last update:

April 4, 2024 20:09 EDT
| 1 minute read

DogWifHat price prediction as WIF retreats from $4 billion market cap – can WIF overtake Dogecoin?

DogWifHat price prediction as WIF retreats from $4 billion market cap – can WIF overtake Dogecoin? / Source: Crypto News

After reaching a market cap of $4 billion last month, Dogwifat (WIF) price has fallen sharply.

Dogwifhat’s price was last around $3.51, down about 4% in 24 hours. coin market cap.

This brings Solana Memecoin’s market capitalization to around $3.5 billion, down more than 25% from last month’s high.

Dogwifhat Bear is currently focused on the possibility of reexamination of the 21DMA. This level has been acting as strong support until late February.

However, Dogwifat’s price is currently testing support in the form of mid-March highs around $1.50.

If enough buyers return to the market, the bears may not be able to take the desired test of the 21DMA.

The profit-taking seen as the broader crypto market consolidates ahead of this month’s Bitcoin halving means there is no guarantee of a quick recovery.

However, long-term price risks remain heavily tilted to the upside for Dogwifat. Therefore, price forecasts are likely to remain bullish.

Dogwifhat Price Prediction – Where is next for WIF?

If WIF falls below the mid-March high and the 21DMA, a fall to support in the $2.0 area is possible.

This could mean a further decline of nearly 45% from current levels. However, given that the overall market remains bullish, crypto investors should at some point rush to buy the dip.

DogWifHat price prediction when WIF reaches $4 billion market cap – can WIF overtake Dogecoin?

And despite all the hype, WIF’s market cap remains very modest compared to meme coin heavyweights like Dogecoin.

Dogecoin’s market capitalization was most recently just over $25 billion, according to CoinMarketCap. It is an overstatement to say that WIF could one day overtake Dogecoin.

However, WIF could certainly reach a market capitalization of tens of billions of dollars someday.

Dowifhat Alternatives to Consider – Presale Investment

Dogwifat offers potential investors a great chance to earn solid profits.

However, those who want to increase their chances of short-term profits should consider another high-risk, high-return investment strategy: participating in cryptocurrency presales.

Pre-sales provide investors with a routine to participate from the very early stages of a project, which can result in returns as high as 100x.

If investors can identify projects with solid foundations, the risk and return of the investment is very good.

Cryptonews analysts spend a lot of time researching new presale projects.

Here are the 14 best presales of 2024, according to the team at CryptoNews.

See 14 cryptocurrencies

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