Dogwifhat Price Prediction: Arthur Hayes Says He Will Load On WIF If BTC Drops Below $35K, But Traders Are Loading On This New GameFi Cryptocurrency

adminJanuary 26, 2024

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The price of Dogwifhat has surged 8% over the past 24 hours, trading at $0.353 as of 5 AM EST, despite a 42% plunge in trading volume.

WIF has seen strong volatility on the 24-hour chart, but this was also the case last week. Today’s gains helped Bitget’s listing.

And now Solana-based tokens have even caught the attention of BitMEX co-founder and former CEO Arthur Hayes, who sees the price of Bitcoin plummeting to between $30,000 and $35,000.

“If Bitcoin falls below $35,000, I will start fishing for the bottom,” he said in a recent blog post, “Yellen or Talking.” “I will load Solana and Dogwifhat ($WIF).”

“Is it Yellen or are you talking?” This is an essay about why I think. $BTC Slump points to TradFi mini financial crisis, bottom in $30,000-$35,000 range https://t.co/uwiLscKwzW pic.twitter.com/zRpUcE6TIz
— Arthur Hayes (@CryptoHayes) January 23, 2024

Dogwifhat price prediction

The Dogwifhat price has seen considerable volatility over the past 24 hours, with the price constantly fluctuating between the support level of $0.330 and the resistance level of $0.355.

Going forward, experts believe that the token could break resistance and climb back to its previous levels, which reached $0.45 in mid-January.

However, this is not a sure thing, and while Arthur Hayes appears publicly to be strongly bullish on the token, technical indicators do not currently provide any bullish signals.

If you look at the Bollinger Bands in the chart below, you can see that they are narrowing very quickly, especially after widening yesterday, January 24th. A narrow band is a bearish signal, so traders may want to wait before buying. Prices may fall again soon.

Dogwifhat price prediction

However, the RSI (Relative Strength Index) score of the token shows a level of 63.92, which indicates that the RSI is leaving the neutral zone and heading back towards the oversold zone, which is also a sign that the price may fall soon.

There is still room for growth, but combined with other indicators it shows that Dogwifhat is in a position of uncertainty.

It is possible that the token will recover to $0.40 and then be rejected again, similar to what happened on January 20th.

If this is true, the token could once again fall to $0.20 and then bounce back. This is especially true if Bitcoin starts falling at that time and traders start paying greater attention to promising altcoins.

A promising alternative to Dogwifehat

Arthur Hayes’ belief in Dogwifhat gives the token strong legitimacy, but it is not the only meme coin currently being watched by those looking for opportunities in the market.

Another project called Meme Kombat (MK), currently on pre-sale, has already won over many meme fans with its unique platform designed for gaming enthusiasts.

The platform sets up regular meme battles, allowing community members to bet on them and win money in the form of MK tokens.

If you’re interested in betting, Meme Kombat allows you to engage in passive staking and even earn money by supporting projects by locking up your tokens for a set period of time.

The platform is designed to reward all users and the community really loved its design and concept. This can be seen from the fact that it has already raised $7.42 million through pre-sales.

It surpassed 7.4 million dollars. $MK Reservation 🥊
One step closer to the finish⚔️ pic.twitter.com/QdKOPIjv5G
— Meme Kombat (@Meme_Kombat) January 25, 2024

MK tokens sell for $0.279, so anyone can purchase a decent amount. You can easily purchase it with ETH or USDT, after which you choose whether to stake or use it for betting. However, time is running out as we have reached our goal of $8 million.

Participate in the pre-sale here.