CoinDesk reported:
As Bitcoin fell to $61,000, the altcoin market is experiencing a wave of bearish sentiment. Several leading tokens are showing lackluster performance, with no significant price action. However, the current situation has not affected Dogwifhat, which has surged 23% in the past 24 hours and continues to trade at an average level of $2.04.
DogWifHat Price Trend
DogWifhat is one of the most popular cryptocurrencies on Solana and has recently gained popularity. In the bearish market, the token’s rise has sparked hope among investors. At the time of writing, WIF has risen by 2%, hovering around $2.04.
WIF was launched in November 2023 and has experienced a significant rebound. Since its launch, the token has surged over 3000% and has attracted considerable market attention while continuing to attract users.
The recent price increase of WIF is mainly due to a large amount of whale activity. During the recent price decline, whales have bought nearly 2.06 million WIF.
WIF Forecast for the End of June
According to CoinCodex, WIF’s price may experience significant fluctuations before achieving a greater degree of stability. 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 price forecast for Dogwifhat, we expect the price of Dogwifhat to rise by 222.11% and reach $6.64 by July 26, 2024. According to our technical indicators, the current sentiment is bearish, and the fear and greed index shows 46 (fear). Dogwifhat has recorded 10/30 (33%) green days in the past 30 days, with a price volatility of 23.18%.
The platform predicts that the token will start to rise by July 3, with a potential increase of 47% to reach the previous price level of $3.
“The future 30-day price forecast for Dogwifhat is based on predictions of positive/negative trends over the past 30 days. Based on these Dogwifhat forecasts, WIF is expected to change hands at a price of $3.03 on July 3, 2024, representing a 47.29% increase during this period.”
