The cryptocurrency market is witnessing a quite remarkable recovery, with most cryptocurrencies trading in the green as of April 8. The Dogwifhat memecoin soared, rising 15% and attracting attention during the market recovery. The performance over the last day was marked as the second biggest gain among the top 100 crypto assets.
Since its launch, Dogwifhat Coin (WIF) has been the subject of fascination and interest from investors and cryptocurrency enthusiasts. Memecoins have soared in price in recent months, and Solana (SOL)-based Dogwifhat (WIF) has stood out in the market with impressive growth amid astronomical rallies.
At the time of publication, the price of Dogwifhat was quoted at US$4.11, up 12.9% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$569,515,978. In its development week, the price of memecoin has seen a 4.9% pullback in the last seven days.
Two other memecoins exploded in the last 24 hours, they are: Degen (Base), which was trading at US$0.0446, up 47.6%. Meme cryptocurrency Jeo Boden (BODEN) soared 16.4% and was trading at $0.8459.
It is worth remembering that, recently, the Dogwifhat (WIF) cryptocurrency attracted attention in the market after overtaking the Pepe cryptocurrency and securing third place on the meme coin podium. Currently, Dogwifhat’s market value is estimated at an impressive $4,119,196,612, behind only Shiba Inu, at $16 billion, and the pioneer Dogecoin, which boasts a market value of $28 billion.
This remarkable feat places WIF not only as a leading figure in the meme coin niche, but also places it firmly in 32nd place among the top 100 cryptocurrencies by market cap.
Curfew alert for Dogwifhat memecoin
The trader, known as Bluntz in the crypto space, recently shared his bearish sentiment towards the Dogwifhat memecoin. For the expert, the WIF cryptocurrency may need to undergo a correction.
As the analysis highlighted, memecoin appears to have completed a five-wave rally and is currently suggesting preparing to enter an ABC corrective wave.
The trader shared charts that support his theory, emphasizing that Dogwifhat’s price could see a drop to the $1 level.
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/memecoin-dogwifhat-dispara-15-e-chama-atencao-durante-recuperacao-do-mercado/
