On Wednesday, Dogwifhat (WIF) led the cryptography market with an increase of 16% to $ 1.37, becoming one of the most efficient cryptocurrencies in the past 24 hours. The token swam against the current, because most of the best guys have recorded red numbers, leading analysts to suggest a possible escape for the token.
Related reading
Las Vegas sphere about to be a hat
Dogwifhat recovered from the fall of yesterday below the $ 1 bar after the teasing of his team of the long -awaited Las Vegas sphere. Tuesday evening, the official Dogwifhat X account shared a photo of its mascot in Las Vegas.
The image included the cute dog with the sphere of Las Vegas as a hat and an old Nokia phone with “01.2025” on its screen. In addition, the account said that the “hat remains on”, explaining that the dates will be shared “as soon as we are authorized”.
The upward teasing propelled the token to its recently lost support of $ 1.30 and rekindled the interest of the wider community for the same.
Wif has become the Even Sensation of 2024, reaching a summit of $ 4.88 last March. The token also led the same story during the second trimester and recovered part of its early glory during the December pump.
However, WIF’s projectors have been overshadowed by the same same -laws and the rise of many other market sensations like PNUT and Chill, falling 40% in the last six months and 75% of its ATH.
During its growth phase of 2,000%, many cryptographic investors have put their hats, which caused a massive fundraising campaign to display the same in the sphere of Las Vegas, the largest LED screen in the world , for a week.
The community has collected $ 700,000 to realize this dream, but has been left in the dark in recent months. In July 2024, many investors expressed their concern and frustration about the project after Crypto.com displayed the Bitcoin logo on the sphere.
Some members of the community have questioned the project, qualifying the initiative to presume scam. However, the organizer has repeatedly assured the WIF community he worked so that “WIF on Sphere” will soon occur.
Is Dogwifhat basically?
Analyst Crypto Altcoin Sherpa common His perspectives on WIF’s recent performance. He suggested that the pump does not seem “real / durable” according to “global conditions of the graphic / market”.
However, he considers that if Dogwifhat shows a certain consolidation above the brand of $ 1.23, it could see another step. Meanwhile, Crypto Trader Bluntz declared that its current levels could potentially be the bottom of WIF.
According to the post, “the major of a wave has now been swept away” and there are “beautiful signs of life” within the lower time despite the retirement longer than he had planned.
The merchant previously foreseen An “inevitable” fall in the $ 1 range, arguing that WIF was heading for a large retirement before the next parabolic race, which could lead to a new ATH.
Related reading
After the recent performance, Bluntz warned that it was “very early, and we have not yet seen a climb to 5 waves” still “, but I think there is a decent chance that we started to train. “
Another market observer too sharp Out of a one -month -old falling corner of the WIF graph, which targets $ 1.90 to a “minimum and quickly” if the same is left from the drop -down line to around $ 1.40.
To date, Dogwifhat is negotiated at $ 1.21, an increase of 14.4% in the daily time.
X.com star image, tradingView.com graphic