WIF Pumps 6% As Analysts Say This Other Solana Meme Coin Could Be The Next Cryptocurrency To Explode

adminMay 15, 2024

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The price of Dogwifhat has surged 6% in the past 24 hours, trading at $3.11 as of 4 a.m. ET, with trading volume surging 168% to $708.9 million.

WIF price surged early, reaching $3.30 before taking some gains. The rise comes amid a renewed surge of meme coin mania due to the return of Roaring Kitty, the man behind the 2021 GameStop (GME) series.

This led Reddit traders to outperform hedge funds that were profiting from short bets on the game store.

Pepe was up 23%, DOGE was up 5% and SHIB was up 4%.

Dogwifhat price prediction

Dogwifhat has seen significant price volatility over the past few hours, with its value mostly fluctuating between $3 and $3.10. However, this kind of performance comes after the token reached $3.33 earlier today and is being adjusted back to its current level.

As the price fluctuates, many may wonder if the token can surge, or if the price will break support and fall further.

According to certain technical indicators, such as Bollinger Bands, WIF may show bullish signals, increasing its value. Although the bands are not at their widest point, we have seen them widening since the correction that occurred this morning, which is a good sign.

Dogwifhat price prediction

On the other hand, the Relative Strength Index (RSI) of a project is an indicator of whether traders are buying or selling and which group is ahead.

RSI scores are approaching neutral territory. This means that purchasing power and selling power are relatively balanced. Meme Coin is neither oversold nor overbought.

Of course, this only applies at the time of writing, as WIF’s RSI has reached both points in the last 24 hours.

However, with RSI signal stability and Bollinger Bands showing balance and bullish signals, WIF price may rise to break the $3.10 resistance or stay close to the resistance and wait for the next surge opportunity.

A promising alternative to Dogwifehat

Dogwifhat has grown into a very successful meme coin, but some believe there are new challengers who have yet to see “their moment.” One such project is SMOG, a dragon-based meme coin running on Solana’s network.

Smog recently launched the best Solana airdrop ever. Airdrops allow users to receive rewards through SMOG tokens in exchange for collecting XP.

Users can earn XP in return for completing certain tasks or trading SMOG tokens. This is the fastest way to accumulate a large amount of XP during the current airdrop season.

#smog!
🐉 rise
🔥 Baking
⭐ Rules
— Smog (@SMOGToken) March 5, 2024

Smog also currently offers staking with an annualized return of 42%.

The best place to buy SMOG tokens is the official website here, where you can get a 10% discount. SMOG can be exchanged for ETH and USDT, but can also be purchased with debit and credit cards.

SMOG – Meme Coin with Rewards