DogWifHat (WIF), Solana's Biggest Meme Coin, Is Up 10% in the Past Week

The coin continues to show strength, outperforming most other established joke tokens. But can WIF keep rallying and hit the $2 mark in the coming weeks?

Solana’s biggest meme coin, DogWifHat (WIF), continues to show strength, outperforming most other established joke tokens.

After a 24% bounce from Wednesday’s low, WIF is now up by 10% in the past seven days.

At one point today, the coin was up by 31%, but it seems some traders couldn’t resist taking profits – leading to a slight pullback.

Still, this is a big deal.

WIF hasn’t hit these levels since late August, and the numbers are catching people’s attention.

With a $1.7 billion market cap, this dog coin is no small player.

But here’s where things get even more interesting: spot volumes are up to $470 million in the past 24 hours.

That makes WIF the fourth most-traded meme coin out there.

On top of that, open interest has jumped to $194 million.

So, what does all of this mean?

In simple terms, it means investors are betting big on WIF, believing the coin’s value will keep rising.

The big question now is: how long can DogWifHat keep up this momentum?

Can DogWifHat Break the $2 Barrier?

With a key psychological level like $2 in sight, traders are left wondering if WIF can hit this target.

Taking a look at the daily chart, we can see that WIF has been bouncing between $1.38 and $2 since August 6th.

Every time it gets close to $2, it seems to hit a wall – likely a bunch of sell orders being triggered.

However, yesterday, WIF did close above the 50-day EMA, which is generally seen as a bullish signal.

And it’s only around 12% away from $2, which is practically within arm's reach for a coin like DogWifHat.

That said, there are reasons to be cautious.

Looking at the 4-hour chart, we can see that a large retracement candle popped up earlier today.

That could be a sign that the bulls are losing control.

So, will WIF keep rallying to $2?

It’s possible, especially given the current favorable conditions in the crypto market.

If WIF did reach $2 and close above that level on the daily chart, the next potential upside target would be the wicks around $2.30.

That would represent another 30% rise from where WIF currently is.

Why Crypto All-Stars Might Outshine WIF in the Next Bull Run

While WIF is in the spotlight, there’s another coin that could steal the show: Crypto All-Stars (STARS).

This coin is still in presale, but it’s getting a lot of attention. So, why all the hype?

It’s because Crypto All-Stars isn’t just a meme coin with a funny mascot.

The creators are offering a service called MemeVault – think of it as a savings account for your favorite meme coins.

You can stake popular coins like SHIB and PEPE and earn STARS in return.

それでは、Crypto All-Stars と DogWifHat を比較してみましょう。

確かに、WIF には確立された市場での存在感と巨大なオンライン コミュニティがありますが、実際の実用性はありません。

つまり、その価格は投機的な買いのみに依存しているということです。

クリプトオールスターズは違います。

これには目的があります。それは、他のミームコインをあなたのために機能させることです。

さらに、時価総額がはるかに小さく、Twitter コミュニティが急速に成長しているため、Crypto All-Stars にはさらに多くの余地がある可能性があります。

先月、DOGS がどこからともなく現れて飛び立ったときのことを覚えていますか?

STARS も同様のサプライズヒットになる可能性があります。それに見合った実用性、販売前資金、インフルエンサーによる支援があります。

もちろん、初期段階のプロジェクトであるため、成功する保証はありません。

しかし、DogWifHat が重要な 2 ドルのレベルを追いかけている一方で、Crypto All-Stars はさらに高い目標を設定している可能性があります。

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