As Bitcoin falls to $6100, the altcoin market is experiencing a bear market. Some leading coins are performing flat, lacking any significant price action. However, amidst this, Dogwifhat’s WIF has surged by 23% in the past 24 hours, continuing to trade at an average level of $2.04.
DogWifHat Price Action
Source: Twitter
As one of Solana’s most popular cryptocurrencies, DogWifhat has been gaining popularity recently. In a bearish market, the token has seen a green uptick, giving hope to investors. At the time of writing, WIF is up 2%, hovering in the $2.04 price range.
Launched in November 2023, WIF’s release was nothing short of a grand event. Since its launch, the token has surged by over 3000% and continues to attract market attention and users.
The recent price surge of WIF is mainly attributed to a significant amount of whale activity the token has experienced. In the recent price drop, these whales have acquired nearly 2.06 million WIF.
WIF June End Predictions
According to CoinCodex, significant fluctuations in the price of WIF may occur before the token stabilizes to a greater extent. CC predicts that by the end of June, the token will surge by 222% to reach a new price level of $6.
“Based on our current Dogwifhat price forecast, we expect that the price of Dogwifat will rise by 222.11% to $6.64 by July 26, 2024. According to our technical indicators, the current sentiment is bearish, with the Fear and Greed Index showing 46 (fear). Dogwifhat has recorded 10/30 (33%) green trading days, with a price volatility of 23.18% over the past 30 days.”
By July 3, the platform predicts that the token will start to rise, potentially surging by 47% to reach the previous price of $3.
“The future 30-day Dogwifhat price forecast is based on the positive/negative trend over the past 30 days. According to these Dogwifat forecasts, WIF will change hands at a price of $3.03 on July 3, 2024, rising by 47.29% in the process.”