The price of Dogwifhat (WIF) is currently $2.76, representing a 18.5% drop compared to the previous 24 hours. One expert commented, “This decline warrants concern. It might be time for some professional help.”
Since the last price decrease, there has been a significant continuing drop that began towards the end of March. WIF experienced a substantial price decrease of 38.8%.
In the past day, the trading volume for the meme coin saw a significant surge of over 51% despite its decreased price, amounting to a total of $1.1 billion.
According to CoinMarketCap’s information, Dogecoin presently ranks 43rd in terms of market cap value, which is approximately $2.75 billion.
In terms of meme coins, WIF holds the third position, trailing behind Dogecoin (DOGE) and Shiba Inu (SHIB), but surpassing Pepe (PEPE) and Floki (FLOKI).
On March 31, 2024, the coin achieved its peak price of $4.80 – a new record high. At present, the highest point in its price cycle is $4.30, while its lowest point hovers around $2.60.
In the past month, Dogwifhat’s value has fluctuated greatly, with a volatility rate of 23.42. During this period, it experienced positive price changes on fifteen out of thirty days. The remaining fifteen days witnessed a significant decrease in its value.
One analyst at X believes that WIF‘s downturn may persist for some time, yet they hold faith that it could bring substantial gains in the future.
“According to ‘The Flow Horse,’ an analyst, the price may fluctuate for a while, causing uncertainty about its future in this market. However, he anticipates a significant price increase soon and plans to buy more during any summer price drops.”
In my opinion, the dog might remove its hat for a moment. This could indicate that within any given timeframe, WIF may appear to need attention from a financial expert. People might start questioning its future significance in the market as it fluctuates alongside DOGE.— HORSE (@TheFlowHorse) April 12, 2024
In the past 24 hours, the cooldown period impacted not only WIF but also other similar cryptocurrencies such as DOGE, SHIB, PEPE, FLOKI, and Bonk (BONK), causing notable declines in their values.
Per CoinMarketCap, DOGE is down 13.56% over 24 hours and 6.56% in seven days.
Over the last 24 hours, Shiba Inu (SHIB) and Pepe The Frog (PEPE) experienced a decrease in value by 10.6% and 17.6%, respectively. Over the past week, these cryptocurrencies saw a decline of 10.3% for SHIB and 11.9% for PEPE.
In the last 24 hours and the past week, only PUPS (Ordinals) among the top 10 meme coins by market capitalization experienced price increases.
As of this writing, the coin was up 8.54% from 24 hours ago and 145% over one week.
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2024-04-13 17:36