Expert Predicts Dogwifhat Price Could Crash 70%, Sealana Backed to 100x

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As an experienced crypto analyst, I’ve closely monitored the meme coin market and have noticed that Dogwifhat’s price could face a significant correction. Top trader Bluntz, who has a substantial following and often leads the ByBit leaderboard, has recently taken a bearish stance on $WIF, predicting a potential 70% correction to $1.

A prominent industry insider has issued a strong caution to investors in the Dogwifhat token on the Solana blockchain, warning of potential significant price drops.

Crypto trader Bluntz, known for frequently leading the pack on ByBit and boasting a substantial following of over 250,000 subscribers on platform X, has recently expressed a pessimistic view regarding the short-term future of $WIF.

The speaker brings attention to the potential for Dogwifhat’s price dropping significantly, down to $1, which represents a substantial decrease of approximately 70% from its present value of $2.90.

Why The Dogwifhat Price Could Correct To $1?

Similar to other cryptocurrencies, $WIF experienced significant selling force in April. The surge of macroeconomic uncertainties and geopolitical tensions put a halt to the bull market surge that pushed the meme coin up to its all-time peak of $4.83.

Wif created a local bottom at $1.83, bouncing back up by 58% since then. 

Despite the recent price increase of Dogwifhat, Bluntz remains unimpressed. In his assessment, the token’s price chart over the previous three weeks exhibits a “slow, overlapping, and corrective” pattern.

As a crypto investor, I initially believed that the ABC correction might be completed on WIF at the $1.8 mark. However, the subsequent price action over the last three weeks has displayed slow, overlapping, and corrective signs. Consequently, my current perspective is shifting towards this uptrend being either wave (B) or (x), followed by a potential C wave correction back to the $1 price level.
— Bluntz (@Bluntz_Capital) May 7, 2024

It’s highly likely that Wif may print green candles on its chart within the upcoming days, given its current wave count analysis. As for Solana’s top meme coin, there’s a strong chance it will reach the $4 mark in the near future.

As an analyst, I’ve been closely monitoring the market trends, and unfortunately, the general direction remains downward for Dogewhats, despite the hopes of meme coin investors. My prediction is that a bearish wave could sweep through the market, potentially pushing the Dogewhats price as low as the $1 mark.

This would likely require a significant bearish in the broader market sentiment. 

As a researcher, I’m keeping a close eye on the upcoming release of the Consumer Price Index (CPI) for April, which is scheduled for May 15th. The reassuring comments from Federal Reserve Chair Jerome Powell regarding his dovish stance have helped ease market concerns about the broader economic outlook. Nevertheless, I can’t help but consider the potential consequences of disappointing CPI inflation data. Such data may lead to another wave of selloffs in the crypto market, potentially causing significant volatility and uncertainty.

Investors will also watch the simmering tensions in the Middle East. 

The US Securities and Exchange Commission (SEC) is expected to deny all pending Ethereum spot ETF applications on May 23rd. This decision could potentially trigger a significant drop in the prices of altcoins, including Dogecoin, which may fall as low as $1.

Is Dogwifhat Dead? Long-Term Price Analysis

As a crypto investor, I’ve noticed that Bluntz has expressed a bearish outlook towards WIF in the near future. Yet, similar to many other industry experts and crypto influencers, I share his optimistic perspective regarding WIF’s potential growth in the long term.

Based on my analysis of the Dogwifhat price chart, I anticipate that the token could hit a value of around $7.50 within the upcoming months.

It’s no wonder that this enduring optimism prevails. Among the Solana meme coins flourishing in this bull market, Dogwifhat has distinguished itself as the outstanding one. Furthermore, its connection to Solana is robust; Dogwifhat frequently functions as a 4x multiplier asset.

Given the potential for Solana’s price to reach $1000 during this bull market, it’s not unreasonable to anticipate that Dogewhat’s price could climb as high as $10.

Experts Back Sealana As The Next 100x Meme Coin?

As an analyst, I’ve observed that although Dogwifhat might undergo a short-term correction, the enthusiasm for fresh Solana meme coins remains robust and is unlikely to wane in the near future.

The novel meme token on Solana, named Sealana ($SEAL), is generating significant excitement during its initial coin offering (ICO) presale. This new token has successfully amassed over $525,000 in investment within the first few days, indicating robust demand and potentially favorable price trends for the future.

Experts like Jacob Bury and Crypto Boy hold the belief, grounded in valid reasons, that Sealana has the potential to yield a return of up to 100 times its initial value following its launch.

 

Sealana does tick many of the boxes that make a new meme coin project successful. 

As a crypto investor, I’ve noticed that some big players in the market, also known as “whales,” tend to have a unique sense of humor when it comes to their investments. They might be drawn to meme coins specifically because these digital assets often come with quirky names and playful branding. For instance, The Stratos hedge fund decided to invest in Dogewhats due to the coin’s adorable mascot – an innocent-looking dog wearing a cute hat.

Yet, Sealana’s amusing representation of its mascot doesn’t trail far behind. The image of a plump, redneck seal residing in his mother’s basement has left meme coin aficionados in stitches and captivated their interest.

As an analyst, I can tell you that the Sealana project has streamlined the investment process for me and other potential investors. Instead of going through complex procedures, all it takes is transferring SOL tokens to the project’s wallet and receiving $SEAL tokens as a reward.

The wallet address is DJ15ZYXqUNMYJ3hL7z4ciSaSFAw5cbos3YjGpdvwmF6c.

 

Visit Sealana Presale

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2024-05-13 17:12