Pundit Predicts Shiba Inu Competitor Dogwifhat Will Attain $10 Amid Quick liquidations

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Pundit Predicts Shiba Inu Competitor Dogwifhat Will Attain $10 Amid Quick liquidations

Crypto dealer and analyst Unipcs (Bonk Man) has reiterated his bullish prediction for Dogwifhat (WIF). He made this assertion whereas revealing the sums misplaced by short traders because of their bearish sentiment across the meme coin. 

Dogwifhat Headed To $10

Unipcs talked about in an X (previously Twitter) post that Dogwifhat is “headed to $10” and can by no means drop to as little as $1 once more. He added that the market is at the moment in a meme coin supercycle, which is why he believes the meme coin can attain such heights. The crypto dealer additionally highlighted how WIF shorts have been “getting squeezed laborious” and stated that is the “approach it needs to be.”

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Shiba Inu Dogwifhat
Supply: X

Moreover Dogwifhat, Unipcs usually has a bullish outlook in the direction of meme cash. He earned a repute for longing Bonk, one other Solana-based meme coin, with $16,000 in October 2023 and nonetheless holding as on the final time he shared an update on the commerce. Based mostly on his replace, his unrealized revenue has risen to as excessive as $13.7 million in some unspecified time in the future. 

Unipcs’s bullishness on meme cash can also be not stunning, contemplating this class of crypto tokens is projected as one of many main narratives in this bull run. It is usually value noting that meme cash Dogwifhat and Pepe (PEPE) are at the moment this yr’s best-performing crypto property among the many prime 50 cash by market cap, with year-to-date (YTD) beneficial properties of over 1,800% and 1,000%, respectively. 

Unipcs isn’t the one one who believes that WIF might rise to $10. One other crypto dealer generally known as ‘Free’ has additionally reaffirmed on totally different events that the meme coin will nonetheless rise to that value degree. In the meantime, crypto analyst Bluntz Capital can also be ultra-bullish on Dogwifhat, as he as soon as suggested that the meme coin will flip PEPE and Shiba Inu (SHIB) to develop into the second-largest meme coin by market cap, solely behind Dogecoin (DOGE).

This Crypto Analyst Has Different Expectations

Crypto analyst CrediBULL Crypto just lately revealed his bearish expectations for meme cash, together with WIF. He foresees a “meme wipeout,” which could possibly be worse than he initially thought. He added that this incidence would “catch a ton of individuals off guard.” He claimed he would develop into a meme coin bull when the time is true, however now will not be the precise time. 

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In a latest video posted on his YouTube channel, CrediBULL Crypto additionally analyzed Dogwifhat. He famous that WIF had considerably moved to the upside, as he rightly predicted in an earlier market update. Again then, he talked about that he was anticipating the meme coin to rise to $3.Eight earlier than it dropped to as little as $1.6.

Nonetheless, in his latest video, he revealed that he received’t be shorting Dogwifhat even when it reaches $3.8. As a substitute, he’ll look ahead to the meme coin to assert the untapped highs on the $four vary to validate his bearish expectations. 

On the time of writing, Dogwifhat is buying and selling at round $3, up over 6% within the final 24 hours, in response to data from CoinMarketCap.

Dogwifhat price chart from Tradingview.com (Shiba Inu)
WIF value at $2.9 | Supply: WIFUSDT on Tradingview.com

Featured picture created with Bulb.io, chart from Tradingview.com

Scott Matherson Read More