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Home Cryptocurrency Experts expect Shiba Inu competitor Dog Wifat to reach $10 amid short-term liquidation

Experts expect Shiba Inu competitor Dog Wifat to reach $10 amid short-term liquidation

by xyonent
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Dogwifhat .jpeg

Cryptocurrency trader and analyst Unipcs (Bonk Guy) reiterated his bullish prediction: Dog Wife Hat (WIF)He made this statement while revealing the amount of the loss. short seller trader All thanks to their bearish sentiment towards meme coins.

Dogwifhat heads to $10

Mentioned by X: Unipcs (formerly Twitter) post that Dogwif Hat “We’re heading towards $10,” he said, adding that he doesn’t think it will fall below $1 again. The market is currently meme coin super cycleThat’s why he believes meme coins can reach such heights. The crypto trader also highlighted that WIF short sales are “severely squeezed” and said this is “the way it should be.”

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Source: X

In addition to Dogwifhat, Unipcs has a generally bullish outlook on meme coins. He gained fame as a person who admired Bonk. Solana based meme coinIt was $16,000 in October 2023, maintaining the same level as when it was last shared. update About trading. According to his latest information, his unrealized profits rose to $13.7 million at one point.

Unips’ bullish stance on meme coins is also not surprising given that this category of crypto tokens is predicted to be one of the major narratives going forward. This bull marketMeme coins are also worth noting Dogwifat and Pepe (PEPE) and , the best-performing crypto assets this year among the top 50 coins by market cap, are up over 1,800% and 1,000% year-to-date (YTD), respectively.

Unipcs is not alone in thinking WIF could rise to $10. Another crypto trader known as “Free” Reconfirmed On various occasions, meme coins will still rise to that price level. Meanwhile, cryptocurrency analyst Blunts Capital is also very bullish on Dogwifat, as it has always been. was suggested The meme coin will overtake PEPE and Shiba Inu (SHIB) to become the second largest meme coin by market cap Dogecoin (DOGE).

This crypto analyst has other hopes.

Crypto Analyst CrediBULL Crypto recently Revealed His bearish expectations for meme coins, including WIF, foresee a “meme extinction” that may be worse than he originally thought. He added that the incident “will catch a lot of people off guard.” he, Meme Coin Bleu If it’s the right time, now is not the right time.

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recently video Posted on his YouTube channel, CrediBULL Crypto also analyzed Dogwifhat. He noted that WIF has made a significant upward move, as he correctly predicted in one of his articles. Early market updates. At the time, he said he expected the memecoin to rise to $3.8 before falling to $1.6.

However, in a recent video, he made it clear that he will not be short selling. dogwife hat Even if it hits $3.8, he will wait for the meme coin to reach untapped highs in the $4 range and validate his bearish prediction.

At the time of writing, Dogwifat is trading at around $3, up more than 6% in the past 24 hours. data From CoinMarketCap.

Dogwifhat Price Chart (Shiba Inu) at Tradingview.com
WIF price is $2.9 | Source: WIFIUSDT on Tradingview.com

Featured image created by Bulb.io, charts taken from Tradingview.com

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