The meme coin market is in a rally, growing by over $4 billion in the last week to $43.1 billion. However, for most of the top 5 meme coins, the growth has been a lot slower, with DOGE, SHIB, and PEPE growing less than 10% each.
The exception to this is dogwifhat (WIF), which grew 23.32% over the last week – more than double the average growth in the sector. Let’s find out if the world’s 4th biggest meme coin is poised for more growth.
Experts Rally Behind WIF as it Pumps 10.75% in 24 Hours
WIF has grown to $1.88 over the last 24 hours – a 10.75% increase. This has been met with a surge of investor interest as its daily trading volume grew 38.43% to $430,959,958 – nearly half a billion.
WIF’s moves have attracted the attention of crypto experts on social media. Bluntz Capital, a crypto trader with 275 thousand subscribers on X (Twitter) shared his bullish sentiments expecting WIF to enter a growth stage.
The matter of WIF breaking through resistance at $1.9 is still an open question. If it can keep its current trend up, it could break this critical resistance level and move up past $2 again.
With an all-time high of $4.83, WIF has a lot of room to grow without needing to reach new heights. X (Twitter) influencer and trader Ameba predicts a push to $2.12 levels since WIF broke its last resistance at $1.84.
With most predictions predicated on future growth, WIF’s technical analysis might make or break the token’s future in this cycle.
WIF Technical Analysis
The space’s narrative is important in meme coin trading, and WIF’s narrative is currently working against it. Doge-inspired tokens seem to be falling out of favor, with cat-themed tokens like POPCAT, MEW, and MOG growing 30% this week.
However, the trend is slowing down and may reverse soon, as WIF grew more than each of these over the last 24 hours. A renaissance in Doge-inspired tokens could serve to propel WIF’s price further.
A very hopeful indicator of this is WIF’s long/short ratio. There have been 2.2x as many long positions opened on WIF than shorts in the last 24 hours. This signals a lot of faith in the token’s future from investors.
Certain investors are also tying WIF’s success to the overall meme coin market. Crypto trader Dentoshi is looking at whether WIF can sustain its growth as a metric of whether there are still new funds coming into the market.
Another bullish factor is WIF’s funding rate staying positive on all major exchanges. This, alongside its growing daily trading volume, points toward investors redirecting their funds into WIF.
However, short-term traders aren’t pushing toward WIF that much, with liquidation data showing $222,000 of longs sold over the day and $357,000 of shorts. Short-term traders are looking more toward new tokens that can ride the bullish wave WIF could make.
Will Pepe Unchained Pump Like WIF? $15M Presale Attracts Bullish Investors
Pepe Unchained (PEPU) is an innovative, utility-focused meme coin aiming to revolutionize ETH meme coin development. The project will rely on its layer 2 infrastructure with instant bridging to ETH to provide 100x faster speeds with minimal gas fees for meme coin developers.
So far, the ICO has raised over $14.9 million, selling for $0.0984, making it one of the biggest meme coin presales of the year. The project has also unveiled a grant program where chosen developers will be given early access to the blockchain to develop tokens and dApps, ensuring PEPU launches to a full-blown ecosystem.
Featured in over a dozen journals, PEPU’s presale has caught the eye of many experts. ClayBro, a YouTuber with over 130,000 subscribers released a video calling it one of the most hyped presales he’s ever seen.
Pepe Unchained Making Major Headlines As A Top Meme Coin To Buy Now!
He sees PEPU’s market cap as extremely low compared to tokens with a similarly-sized community. For example, Gigachad (GIGA) has a market cap of $203 million – almost 15x what PEPU raised so far at only 11.7 thousand followers on X (Twitter).
Meanwhile, PEPU has already grown a community of 18.7 thousand followers on X (Twitter), and 8,000 members on Telegram.
While the market is always uncertain, Pepe Unchained seems perfectly positioned to take advantage of another bull run.
