Dogwifhat Price Prediction: WIF Plunges 6% As Investors Shift Focus To This Bitcoin-Gifting Meme Coin Presale With Time Running Out

The below article is sponsored, meaning Insidebitcoins may receive a commission for affiliate links in the content. Cryptocurrencies are high-risk investments, and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest.

dogwifhat price
dogwifhat price

Join Our Telegram channel to stay up to date on breaking news coverage

The Dogwifhat price dropped 6% in the last 24 hours to trade at $0.7854 as of 3:00 a.m. EST on trading volume that went up 6% to $330.31 million.

The WIF price is also down 22% on a weekly chart, caused by the bearish influence over the last seven days. The popular meme coin likely declined under Bitcoin’s influence, as the industry’s largest crypto saw a 2% drop in the last day, and a 4% drop in a week.

Dogwifhat Price Prediction

Last week, the WIF price broke a support at $1, dropping to $0.80 by June 13. Over the weekend, its price managed to recover, leading it up to $0.90 on Monday, June 16. However, the very next day, its price started spiraling down again, dropping to $0.75 — a support that managed to hold it from going further down for now.

The price even managed to see a slight recovery to $0.78, and right now, the token’s Bollinger Bands have narrowed again, suggesting that the price may have stabilized for the time being. Even so, the narrow bands are a bearish signal, and it is possible that WIF could drop back to $0.75 or even break this support and spiral down further unless a trend reversal occurs, allowing it to recover.

Dogwifhat Price Prediction

WIF/USDT chart analysis (Source: TradingView)

Right now, the project’s Relative Strength Index is at the neutral value of 50. Over the past 24 hours, the RSI has been fluctuating between the values of 60 and 20, deep in the oversold zone.

This suggests that traders are willing to buy the dip. Still, they are not optimistic enough to push the RSI into the overbought zone, potentially indicating that they expect a new decline to begin at any time.

In other words, the market remains bearish, with the potential to stabilize in the neutral zone, but for now, there is little to signal a trend reversal and a potential bullish surge.

Promising Alternative To Dogwifhat

Dogwifhat seems stable for now, but BTC Bull Token (BTCBULL) could offer a great earning opportunity for investors who buy in the next 12 days. The self-proclaimed official Bitcoin meme coin is currently still in presale, but with only 12 days remaining, the window of opportunity to buy low and potentially see massive earnings once the token goes live is closing quickly.

The project launched its ICO a few months ago, explaining its goal of helping Bitcoin’s price reach its true potential. To achieve this, it established several milestones for the BTC price, including $150k, $200k, $250k, and so on, all the way up to $1 million, believing that Bitcoin could reach and possibly even surpass this level.

Whenever BTC hits one of those milestones for the first time, BTC Bull Token will airdrop free Bitcoins to BTCBULL holders. This represents a great way for investors to get some free BTC instead of investing in it now, while its price is over $100k per coin. They can simply buy BTCBULL for $0.00257 and get Bitcoin for free at a later date if the market leader starts to rise.

The project also intends to burn some BTCBULL whenever the BTC price goes up by $50K, starting at $125K, so there is a chance for BTCBULL’s value to keep climbing alongside Bitcoin’s. Experts like Jacob Crypto Bury, a crypto YouTuber with over 56.8k subscribers, predicted 10x potential for the token.

So far, the ICO has raised over $7.23 million; if you wish to join others who bought early, this is your last chance to do so. Buy before the presale ends in around 12 days.

Visit BTCBULL’s website.

Related Articles:

Best Wallet - Diversify Your Crypto Portfolio

Our Rating

Best Wallet
  • Easy to Use, Feature-Driven Crypto Wallet
  • Get Early Access to Upcoming Token ICOs
  • Multi-Chain, Multi-Wallet, Non-Custodial
  • Now On App Store, Google Play
  • Stake To Earn Native Token $BEST
  • 250,000+ Monthly Active Users
Best Wallet

Join Our Telegram channel to stay up to date on breaking news coverage

Read next