Over the previous 24 hours, WIF, a Solana-based meme coin, has seen a big worth lower, main traders to wonder if the drop will proceed or if it could possibly attain $5 within the coming weeks.
At this time, we are going to focus on the latest worth motion of WIF utilizing technical evaluation, figuring out whether or not it indicators a bearish pattern or if it could possibly bounce again and attain its all-time excessive from virtually three months in the past.
Apart from WIF, we will even discover one of many prime selections among the many best crypto presales as we speak: PlayDoge. We’ll dive into its options and potential to turn into the subsequent huge meme coin.
WIF worth prediction
dogwifhat (WIF) stays a top-four cryptocurrency with a 24-hour buying and selling quantity of $300k, regardless of a 25% drop this week. Nonetheless, there are optimistic indicators; it’s up 6% over the previous 72 hours.
The general crypto market is recovering from latest declines, with Bitcoin up 1% and Ethereum up 5%, at the moment holding at $3,500. dogwifhat trades at $1.79 with a $1.8 billion market cap, inserting it within the prime 50 cryptocurrencies.
Over the previous week, it has dropped 25%, and over the previous month, it’s down 45%. Trying on the yearly pattern, the token is shifting in a downward path. This decline may proceed until new help ranges emerge or compelling causes encourage traders to purchase in, because the group alone just isn’t sustaining its worth.
The cryptocurrency market is inherently unstable, with frequent dips and rises. Analyzing the charts, analysts have recognized earlier sturdy resistance on the $1.40 mark, however latest tendencies have damaged this stage downward, elevating issues a few potential promote sign.
Regardless of this, WIF has a large following of over 90,000 followers actively participating and posting memes on its X account, indicating substantial potential. dogwifhat has proven indicators of progress with latest posts from Bitstamp and new trade listings.
That is just the start… 🐶🧢 $WIF@Bitstamp@RobinhoodApp https://t.co/0r25Vw54DJ pic.twitter.com/Iz3nLeYot8
— dogwifcoin (@dogwifcoin) June 19, 2024
If WIF will get listed on main exchanges like Robinhood or Binance, it may considerably push the mission upwards to $5. Nonetheless, with out such listings, a downward pattern may proceed.
Technical indicators at the moment present a bearish pattern, with most suggesting a robust promote. The information can also be bearish, with analysts setting a $1 goal for dogwifhat. Nonetheless, early traders are nonetheless reaping rewards, as is typical in unstable markets the place early adopters profit probably the most.
Whereas dogwifhat is at the moment dealing with a downward pattern, it’s unlikely to crash to underneath $1. Just like Turbo Token, which noticed a reversal after a dip, traders are probably to purchase in at low costs, doubtlessly resulting in a bounce again.
PlayDoge presale almost raises $5 million
PlayDoge’s success demonstrates the mission’s important potential for the long run. The modern meme coin is approaching a significant milestone, with its presale nearing the $5 million mark. In simply over three weeks, PlayDoge has already raised over $4.8 million.
PlayDoge combines the favored sectors of gaming and memes, providing a Play-to-Earn (P2E) platform that distinguishes itself within the crowded crypto market. It capitalizes on the nostalgia of the long-lasting Doge character and the beloved 90s digital pets, Tamagotchi.
On this sport, customers can personal, feed, practice, and play with their digital Doge pets utilizing a smartphone utility, eradicating the necessity for a separate handheld gadget. This contemporary tackle Tamagotchi presents upgraded options and the additional benefit of incomes cryptocurrency.
Gamers earn $PLAY tokens by finishing a sequence of basic 2-D video games, accumulating expertise factors (XP) and rewards. Gamers who obtain the very best XP scores earn extra bonus rewards, making the gameplay each participating and profitable.
The success of easy, Web3-based video games like Notcoin’s tap-to-earn gameplay demonstrates that complexity isn’t obligatory for fulfillment. PlayDoge’s accessible and rewarding gameplay may entice a large viewers, making it extremely widespread.
One standout characteristic of $PLAY is its multi-chain staking functionality on each the BNB Sensible Chain and Ethereum, not like most multi-chain tokens that provide rewards on a single chain. This uncommon dual-chain method gives a big benefit for a broader vary of traders.
$PLAY holders can use the PlayDoge staking dashboard to view and handle rewards throughout each chains, highlighting why good cash merchants are more and more drawn to PlayDoge.
With these options, PlayDoge is quickly making its mark within the cryptocurrency world, reinforcing its potential for long-term success. Now is a wonderful time for traders to contemplate including $PLAY to their portfolios. To participate within the $PLAY token presale, go to playdoge.io.