DogWifHat Hits $2B: Is WIF Still a Buy at This Price? Next Low Cap Gem Poised for Lift-Off
Publikováno: 7.3.2024
Pack leader of the Solana Meme Coin surge, DogWifHat, has skyrocketed to a jaw-dropping $2Bn market cap, but is WIF price still a buy at this price? Or, could this other low cap gem offer a superior return? This article will provide an analysis of WIF’s current price trends and look to see whether a […]
The post DogWifHat Hits $2B: Is WIF Still a Buy at This Price? Next Low Cap Gem Poised for Lift-Off appeared first on Cryptonews.
Pack leader of the Solana Meme Coin surge, DogWifHat, has skyrocketed to a jaw-dropping $2Bn market cap, but is WIF price still a buy at this price?
Or, could this other low cap gem offer a superior return?
This article will provide an analysis of WIF’s current price trends and look to see whether a high-octane Solana meme coin airdrop campaign, SMOG, represents a more promising investment opportunity at this time.
The $WIF price rose ~40% again today!
We noticed that 2 whales spent 38,132 $SOL($5M) to buy 2.97M $WIF!
87Hnwj spent 23,400 $SOL($3.06M) to buy 1.82M $WIF at $1.69.https://t.co/RE95o1BoJl
GjRacG spent 14,732 $SOL($1.93M) to buy 1.15M $WIF at $1.67.https://t.co/pg5mJTArvopic.twitter.com/PD76cpBbCp
— Lookonchain (@lookonchain) March 6, 2024
As DogWifHat continues to climb, it’s clear that WIF token is clearly in a period of accumulation by whales despite a stunning $2Bn market cap.
WIF Price Analysis: As DogWifHat Slams $2Bn Market Cap – Is WIF Still a Buy at This Price?
As price action continues to test upside resistance, DogWifHat is currently trading at a market price of $1.79 (representing a 24-hour change of -2.68%).
Now in -21% minor localized retracement following the new all-time high at $2.27, WIF token seems set to carry on it’s impressive technical structure after a brief consolidation.
A strong defense of lower support at $1.64 demonstrated the fervor of buy pressure underpinning WIF price action.
However, with increasing divergence above the already ascendant 20 DMA (down at $0.84), the risk of a price correction move grows.
This is a view reinforced by the RSI, which has been severely overbought for 10 days and currently reads at a bearish 81.94 – with no signs of cooling-off.
Yet, the MACD more fairly reflects the intense WIF buy pressure, with minor bullish momentum at 0.1184.
Overall, WIF price analysis spotlights a skyrocketing Solana meme coin, taking a brief break following a new all-time high, with consolidation likely to fuel further gains in current market conditions.
To the upside, this leaves WIF price targeting a return to the ATH at $2.27 (a potential +25.82%).
While downside risk could see WIF price plummet down to support at $1.43 (a possible -20.7%).
Consequently, WIF price analysis reveals a short-time frame risk: reward ratio of 1.25 – a moderately good entry for late stage entrants with conviction.
Transforming Airdrop Campaigns with SMOG: Experience the New Wave of Solana Meme Coin Profits in 2024
In the dynamic world of Solana’s meme coins, SMOG emerges as more than just a token—it’s your gateway to ‘The Dragon’s Court,’ a realm where virality is the key to success.
SMOG Token is set to initiate an unprecedented airdrop campaign on Solana, aiming to establish itself as a sought-after meme coin asset in 2024.
Participate in SMOG’s innovative, ongoing airdrop events for opportunities to accumulate tokens and witness potential exponential growth in your investments.
By holding SMOG, you gain airdrop points, immersing yourself in the thrill of unpredictable rewards and eagerly awaited campaign details, fueling widespread excitement.
Step into The Dragon’s Court: Unveil Your Destiny with Solana
Investing in SMOG transcends typical asset acquisition; it’s about becoming part of a community dedicated to reshaping the landscape of virality and airdrop interactions on Solana, with profitability at its core.
With a dynamic market debut on the horizon, SMOG allocates half of its total supply to marketing and 35% to future airdrops, aiming to outshine its predecessors through a robust launch and substantial rewards for its community.
This significant marketing investment has already catalyzed a spike in SMOG’s valuation, elevating its market capitalization to $75 million.
SMOG’s roadmap is filled with promise, featuring staking options, potential burn mechanisms, and a series of airdrops, outlining a future brimming with opportunities.
Moreover, the campaign to gather over 10,000 ‘Loyal Chosen’ members presents an exclusive opportunity to deepen your involvement with SMOG, securing enhanced rewards and solidifying your presence in this vibrant community.
WIF Price Analysis Disappointment? Embark on the SMOG Journey: Engage with the SMOG Airdrop Today
Ready to explore the SMOG experience?
Set up your Solana-compatible wallet, like Phantom. Convert SOL, USDT, or BONK into SMOG on Jupiter DEX aggregator or Birdeye.
Amplify your adventure by engaging with the community on Zealy. Accomplish tasks to boost your chances of becoming one of the ‘Loyal Chosen‘ and enrich your airdrop rewards.
Join the vibrant SMOG community on X (Twitter), Discord, and Telegram to keep abreast of the latest developments, updates, and strategies.
Explore the Lite Paper for a comprehensive insight into SMOG’s vision and roadmap, and get ready to join a movement poised to revolutionize the crypto landscape.
The post DogWifHat Hits $2B: Is WIF Still a Buy at This Price? Next Low Cap Gem Poised for Lift-Off appeared first on Cryptonews.