Analyst Says WIF Is Ready To Challenge Dogecoin And Shiba Inu With ‘Turbo Parabolic’ Rally
Bitcoinist.com
Breaking News: Final Appeal Rejected: Do Kwon's Extradition To The US Inevitable
WIF Dogecoin Shiba Inu
Analyst Says WIF Is Ready To Challenge Dogecoin And Shiba Inu With ‘Turbo Parabolic’ Rally
Scott Matherson by Scott Matherson
10 hours ago
Crypto analyst Bluntz Capital recently provided a bullish narrative for the Dogwifhat (WIF) token. As part of his analysis, he suggested that the meme coin could go head-to-head with the foremost meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB).
WIF To Go “Turbo Parabolic”
Bluntz hinted in an X (formerly Twitter) post that WIF’s next move to the upside could be the one that makes its price go “turbo parabolic.” He added that the meme coin would unlikely see any further pullback at the $0.50 resistance. From the accompanying chart the analyst shared, one could see that he was hinting at the meme coin hitting $1 when this parabolic move happened.
Related Reading: Ripple CEO Backs XRP ETFs, Says They Will Be “Certainly Welcome”
Bluntz is known to be very bullish on the meme coin and has shared several technical analyses of the meme coin’s chart on his X platform. This is also not the first time he has suggested that the crypto token will rise to $1. In a previous X post, he boldly claimed that WIF to “$1 is programmed.”
WIF is currently ranked as the sixth-largest meme token by market cap, according to data from CoinMarketCap. The crypto token has a market cap of $296 million, far behind the likes of DOGE and SHIB, which boast a market cap of $12 billion and $5.5 billion, respectively.
New Meme Coin To Overtake Bonk?
It is also worth mentioning that WIF (a Solana-based token) isn’t the largest meme coin in the Solana ecosystem. The crypto token is currently ranked second behind BONK (which has a market cap of $725 million). However, the altcoin’s rise to $1 could see the meme coin potentially claim the top spot, mainly because BONK’s price is way lower at around $0.0000114.
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Related Reading: FTX’s Sam Bankman-Fried Is Back In Court: Here’s Everything You Should Know
Interestingly, Arthur Hayes, the former CEO and co-founder of crypto exchange BitMEX, had highlighted WIF as one of two altcoins he would invest in. He also suggested that the meme coin overtake BONK, stating that the latter was the “last cycle’s doggy money.” Then, he added that “if it ain’t Wif Hat, it ain’t shit.”
The altcoin has already made significant strides to start this year, boasting a year-to-date gain of over 90%. In comparison, BONK has seen a decline of over 14%. The crypto token is also at an advantage since more eyes are expected to be on the Solana ecosystem heading into the next bull run.
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!
At the time of writing, WIF is trading at around $0.29, down over 11% in the last 24 hours, according to data from CoinMarketCap.
WIF price chart from Tradingview.com (Dogecoin Shiba Inu)
Meme coin's price drops to $0.3 | Source: WIFUSDT on Tradingview.com
Featured image from Crypto Daily, chart from Tradingview.com
Sign Up for Our Newsletter!
For updates and exclusive offers enter your email.
Email address...
Sign Up
I consent to my submitted data being collected and stored.
Scott Matherson
Scott Matherson
Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.
Related Posts
Dogecoin
Dogecoin Falls Out Of Top 10 Crypto, Are Meme Coins No Longer A Threat?
36 mins ago
Dogecoin Patterns That Led To 28,000% Rally In 2020 Have Returned
4 hours ago
Dogecoin whale
Dogecoin Whales Emerge From The Shadows To Buy Up DOGE
1 day ago
Dogecoin
Dogecoin Bullish Signal: DOGE Transaction Count Hold 1 Million Threshold Through February
2 days ago
Dogecoin
Dogecoin Usage Explodes: DOGE Processing A Million Moves A Day
3 days ago
DOGE SHIB XRP
Binance Releases Proof Of Reserves: Here’s How Much DOGE, SHIB, And XRP It Holds
2 weeks ago
Premium Partners
Premium Casino Partners
Top Casinos
Trust Dice
Trust Dice
mBit
mBit
Inmerion
Inmerion
Marsbet
Marsbet
Press Releases
Solana (SOL) Whales on the Move Towards Competitor Token...
17 hours ago
This Former Dogecoin Whale Is All Smiles Again After...
17 hours ago
Top Bitcoin Trader Locks in Profit as Bitcoin Price...
17 hours ago
Top Crypto Presale Scorpion Casino: How to Make $5 Million...
18 hours ago
The Top Altcoins to Watch in 2024: Identifying Cryptos...
19 hours ago
Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.
BITCOIN
News
Price
Businesses
Acceptance
Technology
Investment
Regulation
Reviews
ALTCOINS
News
Price
Ethereum
Ripple
Litecoin
EOS
NAGA
CATEGORIES
Blockchain
Security
FinTech
Technology
Trending
Breaking News
Press Releases
How to
PAGES
Contact us
Editorial Policy
Advertise
© 2024 Bitcoinist.com. All Rights Reserved.
Bitcoin
Altcoins
Tech
Industry
How to
Events
Casinos
Play Games
Predict BTC price to WIN
ADVERTISE
© 2023 Bitcoinist. All Rights Reserved.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree
notification icon
