Dogwifhat Price Prediction 2025: WIF Price Set to Rise With Memecoin Popularity

Key Takeaways

• Dogwifhat debuted on the market in mid-December 2023.
• It briefly became the third-largest meme coin in March 2024.
• WIF is recovering following a downturn, but what’s next?
• Our Dogwifhat price prediction suggests that WIF could reach $6.62 next year.

WIF emerged in 2024 as a frontrunner in the current meme coin rally, driving the resurgence of the Solana meme coin ecosystem and reaching a new all-time high in March. However, it fell 70% after that, exiting the top 50 largest cryptocurrencies before making some recovery in the late summer and early autumn.

On Oct. 30, 2024, WIF was worth $2.58.

Let’s examine some of the WIF predictions made by CCN on Oct. 30, 2024. It is crucial to remember that price forecasts, particularly for volatile assets like cryptocurrencies, often turn out to be inaccurate.

How Do We Make a WIF Price Prediction?

We usually employ two methods to create a cryptocurrency price prediction. Predictions are created using fractals (mirroring movements and indicator readings) and the wave count.

The mean of the two predictions gives the average price prediction. The more bullish prediction is used for the maximum price prediction, while the more bearish prediction is used for the minimum.

However, the WIF price history starts in December 2023, so insufficient data exists for a fractal price prediction. As a result, we can only make a wave count-based prediction. Therefore, 20% is added above and below the target to determine the minimum and maximum predictions.

Dogwifhat Price Prediction 2024

The 2024 price targets are based on the potential for WIF to either break out of its descending resistance and begin a new bullish phase (average and maximum scenarios) or continue its prolonged correction, risking a further decline to $2.31 if the Aug. 5 low fails to hold (minimum scenario).

Dogwifhat Price Prediction 2025 

In 2025, the targets reflect a scenario where WIF sustains its breakout momentum and consolidates gains, leading to steady growth. The average and max predictions account for completing another five-wave impulse and broader market strength, while the min prediction assumes further market corrections or weakness.

Dogwifhat Price Prediction 2030

By 2030, the long-term price targets assume WIF capitalizes on major market expansions and technological developments in the crypto space. The minimum scenario anticipates a stable floor above $17.42. At the same time, the mid and maximum targets reflect the potential for significant price appreciation as WIF benefits from market maturation and possibly new all-time highs.

Dogwifhat Price Analysis

Dogwifhat has recently exhibited a significant bullish breakout, piercing through a long-term descending trend channel. This technical development suggests a potential shift in momentum, with the currency either slowing its rate of decline or embarking on a more horizontal price trajectory.

Further bolstering the bullish outlook, Dogwifhat has successfully broken above the resistance level of 2.08, confirming a bullish breakout from a rectangle pattern. This pattern often signals a potential upward move, with targets around the 2.98 level or higher.

Currently, Dogwifhat is undergoing a test of the 2.80 resistance level. While a negative reaction from this level is possible, a decisive break above this point would reinforce the bullish trend and open the door to further upside potential.

Historical volume patterns provide additional insight into Dogwifhat’s price action. High volume at price tops and low volume at price bottoms suggest that strong buying and selling pressure has accompanied significant price movements, strengthening the currency’s overall bullish narrative.

Short-term Dogwifhat Price Prediction

The rise from Aug. 5 may mark the first sub-wave of a larger five-wave move, followed by a correction that ended on Sept. 2. A breakout above resistance would target $2.80, while failure could lead to further decline below $1.

Therefore, any Dogwifhat price prediction for the next 24 hours will depend on whether the breakout is successful. 

Dogwifhat Average True Range (ATR): WIF Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.

A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.

Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels. On Oct. 30, 2024, Dogwifhat’s ATR was 0.046, suggesting relatively low volatility.

Dogwifhat Relative Strength Index (RSI): Is WIF Overbought or Oversold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish. On Oct. 30, 2024, the Dogwifhat RSI was 48, indicating slightly bearish conditions.

WIF Price History

The WIF price increased rapidly almost immediately after its launch in December 2023. It reached its all-time high of $4.85 in March 2024 before beginning the current correction.

WIF Performance Comparison

WIF is the biggest meme coin in the Solana ecosystem. Let’s compare it with three other meme coins on the blockchain.

Who Owns the Most Dogwifhat (WIF) Tokens?

On Oct. 30, 2024, one wallet held more than 20% of the WIF supply.

Richest WIF Wallet Addresses

As of Oct. 30, 2024, the five wallets with the most WIF tokens  were:

• 7XX64f8UKE1nxNCSwncCUj3c2FJYdXHmDV5xd5DRdFky. This wallet held 208,783,701 WIF, or 20.90% of the total supply.
• EHDnHqX6PtnSdPfsnnr1oWtmQbenDwqZAKUo5QAq9Ro3. This wallet held 51,731,784 WIF, or 5.18% of the total supply.
• 1LLLyMZvAdimbcsC4Xp7GVWiJScztEpfXVR9upyxq5G. This wallet held 29,403,876 WIF, or 2.94% of the total supply.
• DsxpGaCZ13aUfDDz2CSjuzCA8XJJYLuGsV65KXdyLWdW. This wallet held 25,029,273 WIF, or 2.51% of the total supply.
• 4kT3EXc5dDVndUU9mV6EH3Jh3CSEvpcCZjuMkwqrtxUy. This wallet held 16,697,246 WIF, or 1.67% of the total supply.

WIF Supply and Distribution

Dogwifhat (WIF) Explained

Dogwifhat (WIF) is a cryptocurrency created in 2023. It is a decentralized meme coin based on the Doge meme. Dogwifhat is not backed by any real-world assets, and its value is based solely on speculation.

How Dogwifhat Works

Dogwifhat is a meme coin, which means that it is based on a popular internet meme. It is a decentralized cryptocurrency, meaning it is not controlled by any central authority. Instead, a community of users who own Dogwifhat tokens governs the network.

Dogwifhat uses the Solana blockchain, which is a more scalable and energy-efficient alternative to the Ethereum blockchain. This makes Dogwifhat more suitable for everyday transactions.

The supply of Dogwifhat is capped at 998 million tokens, meaning there is a finite amount of Dogwifhat. This can help maintain the coin’s value over time.

WIF has a variety of uses. These include:

• Payments: Dogwifhat can be used to buy goods and services online and in person. Some businesses are already accepting Dogwifhat as payment, and the number is likely to grow.
• Staking: WIF can be staked to earn rewards. Staking is the process of locking up your Dogwifhat tokens in order to support the network and earn rewards in return.
• Governance: Dogwifhat holders can vote on proposals to change how the network is governed, giving them a say in the project’s future.

Is Dogwifhat a Good Investment?

Meme coins are inherently speculative investments. However, since WIF is the largest meme coin in the Solana blockchain, the latter’s growth can also increase the WIF price. WIF can be viewed similarly to DOGE, except that the SOL price performance affects it more than Ethereum.

Will Dogwifhat go up or down?

The short-term WIF price movement depends on whether a bounce or breakdown from the channel happens. A bounce that reclaims the channel’s midline can trigger another upward movement, while a breakdown will deepen the correction.

Should I invest in Dogwifhat?

Before deciding whether to invest in Dogwifhat, you must do your own research on WIF and other related meme coins and tokens such as Shiba Inu (SHIB) and BONK. Either way, you must also ensure you never invest more money than you can afford to lose.

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