Is DogWifHat Dead? Crypto Expert Tweets $1 Price Target, New Meme Coin WienerAI Raises $1.4 Million
A top crypto influencer on X believes the popular Solana meme coin DogWifHat ($WIF) could tumble all the way down to a dollar from its current price of $3.17.
In a recent tweet, Bluntz Capital (@Bluntz_Capital) cautioned, “price action on this bounce over the last 3 weeks has been slow, overlapping, and corrective looking.”
Bluntz further argues that WIF’s current gains could be a brief wobble before the token crashes and bottoms out at a dollar.
i thought the abc might be done on $WIF, but since that wick into $1.8 the ensuing price action on this bounce over the last 3 weeks has been slow, overlapping, and corrective looking.
am now leaning towards this move up being the (B) or (x) wave and a C wave down to $1 still… https://t.co/p5HhwIZz0t pic.twitter.com/bHFmNGY4NT
— Bluntz (@Bluntz_Capital) May 7, 2024
Since Bluntz joined the ByBit copy trading platform a year ago, he has been ranked as one of the top influencers, meaning he has consistently made money for his followers.
Still, DogWifHat’s current price performance does not reflect a decline.
WIF is up 12% in the last 24 hours and 15% in the last week. It’s moving broadly in line with the rest of the market, where most leading projects are up today.
The project with the second largest gains among the top five meme coins by market capitalization is Pepe Coin.
PEPE rose 6.8% to change hands at $0.05862 as of this writing. It is also up 13% in the last seven days.
Both meme coins outdid market leaders Bitcoin ($BTC) and Ethereum ($ETH). Bitcoin, the world’s largest cryptocurrency, grew 3.5% overnight to trade at $63,176, while Ethereum added 2.2% to hit $3,037.
Like the market leaders, WIF rallied throughout March. However, it diverged a little at the end when the meme coin
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