search
Homeweb3.0Will DogWifHat (WIF) Price Hit $10 If It Mirrors Shiba Inu's 2021 Rally?

The Solana-based dogwifhat (WIF) is an emerging memecoin that has gradually gathered investors’ attention with high momentum rally and whale movement.

Will DogWifHat (WIF) Price Hit  If It Mirrors Shiba Inu's 2021 Rally?

The Solana-based dogwifhat (WIF) price has attracted attention with its high-momentum rally and whale movement. This community-driven token features a Shiba Inu dog wearing a pink knitted hat.

As the asset remains in its early stages, investors are speculating on whether dogwifhat price could follow SHIB's meteoric rise in 2021 and reach the $10 mark.

dogwifhat Price Target: $10 with SHIB's 2021 Rally Mirror

In 2021, the Shiba Inu price experienced an extraordinary rally of 45000%, pushing its value to a high of $0.000037 in May and its market cap to over $10 billion.

If WIF were to mirror SHIB's 2021 rally, it would imply a massive surge in its market value. The dogwifhat price currently trades at $2.77, and a 45,000% increase would bring its price to approximately $1,247.65—a figure that vastly exceeds the speculated target of $10.

However, considering the current market scenario, achieving a 45000% rally seems unlikely for dogwifhat price.

The SHIB rally in 2021 was fueled by an exceptional confluence of social media enthusiasm, meme culture, and a wave of retail investor interest in such assets.

While these factors are still valid and can offer substantial growth for most major memecoins, their impact has noticeably diminished in recent years. This decrease can be attributed to emerging competition like BONK, PEPE, DOGS, etc, which may siphon away the investors’ interest from WIF.

Moreover, the cat-themed meme asset also provides alternative investment opportunities for crypto participants, making it harder for assets like Dogwifhat to stand out.

Furthermore, the cryptocurrency market is steadily maturing, and more than social media hype is needed to drive sufficient buying pressure for an asset.

WIF Price Analysis: 6-Month Correction Ends for Dogwifhat

Since last month, the dogwifhat price showcased a high-momentum rally from $1.44 to $2.7, accounting for an 88% surge. Consequently, WIF's market cap surged by $2.27 Billion.

An analysis of the daily chart showed that this recovery resulted in a decisive breakout from a falling wedge pattern on October 6th. Established in March 2024, this chart pattern created a distinct correction trendline between two converging trendlines.

Although geopolitical tensions in the Middle East have hindered dogwifhat price rally post-breakout, the upward slope of the 20-day EMA continues to support bullish momentum. With sustained buying, the WIF buyers could target $4 and $4.8 in near future.

However, a breakdown below the downsloping trendline will accelerate the selling pressure and drive prolonged correction.

Conclusion: So, If WIF repeats SHIB's 2021 move, can dogwifhat price hit $10? The answer is ‘Yes.”

Can it mimic the complete 45,000% rally? The answer is ‘No' amid emerging competition, insufficient hype, and investors rather than just social media hype.

The above is the detailed content of Will DogWifHat (WIF) Price Hit $10 If It Mirrors Shiba Inu's 2021 Rally?. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Tokenized Treasuries Near $6B Milestone, Led by BlackRockTokenized Treasuries Near $6B Milestone, Led by BlackRockApr 19, 2025 am 11:44 AM

The value of blockchain-based U.S. Treasuries is closing in on a new milestone, with total holdings approaching $6 billion.

title: Canary Capital Is Launching a TRX-Tracking ETFtitle: Canary Capital Is Launching a TRX-Tracking ETFApr 19, 2025 am 11:42 AM

Canary Capital is looking to launch an exchange-traded fund (ETF) tracking the price of Tron's native token, TRX, according to a filing.

Solana Stablecoin Market Cap Hits Record $12.73 Billion as Sui Supply Reaches $800M with $60M InflowsSolana Stablecoin Market Cap Hits Record $12.73 Billion as Sui Supply Reaches $800M with $60M InflowsApr 19, 2025 am 11:40 AM

The stablecoin market has surpassed a total capitalization of $233 billion. Within this sector, Solana's stablecoins have reached a new all-time high market capitalization of $12.73 billion

Canary Capital Files for Staking TRX ETF, Targeting Launch Before Spot Bitcoin ETFsCanary Capital Files for Staking TRX ETF, Targeting Launch Before Spot Bitcoin ETFsApr 19, 2025 am 11:38 AM

Canary Capital is looking to get the U.S. Securities and Exchange Commission's sign-off for an exchange-traded fund that would track the Tron token TRX and has a staking component.

MoonPay CEO Ivan Soto-Wright calls on US lawmakers to leave a path open to state-level regulators when passing legislation on stablecoinsMoonPay CEO Ivan Soto-Wright calls on US lawmakers to leave a path open to state-level regulators when passing legislation on stablecoinsApr 19, 2025 am 11:36 AM

In an April 18 X post, Soto-Wright said he wanted Congress to “keep state-regulated issuers in the game” when it comes to stablecoin regulation, referencing efforts in the House of Representatives and Senate to create a federal regulatory framework.

Michael Saylor Dissects the Philosophy and Technological Potential of Bitcoin in '21 Truths of Bitcoin'Michael Saylor Dissects the Philosophy and Technological Potential of Bitcoin in '21 Truths of Bitcoin'Apr 19, 2025 am 11:34 AM

Saylor's ideas centre on the fixed 21 million coin supply of Bitcoin. He presents this shortage as a revolutionary economic idea rather than only a technical one.

Official Trump (TRUMP) memecoin unlocked 40 million tokens, worth around $300 millionOfficial Trump (TRUMP) memecoin unlocked 40 million tokens, worth around $300 millionApr 19, 2025 am 11:32 AM

The TRUMP memecoin has gained significant popularity on the Solana network primarily due to its direct affiliation with the U.S. President Donald Trump.

TRUMP (TRUMP) memecoin unlocks 40 million tokens, worth around $300 millionTRUMP (TRUMP) memecoin unlocks 40 million tokens, worth around $300 millionApr 19, 2025 am 11:30 AM

The TRUMP memecoin has gained significant popularity on the Solana network primarily due to its direct affiliation with the U.S. President Donald Trump.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Tools

SecLists

SecLists

SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.

EditPlus Chinese cracked version

EditPlus Chinese cracked version

Small size, syntax highlighting, does not support code prompt function

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

SublimeText3 English version

SublimeText3 English version

Recommended: Win version, supports code prompts!

PhpStorm Mac version

PhpStorm Mac version

The latest (2018.2.1) professional PHP integrated development tool