According to a prominent crypto influencer on X, there’s a possibility that the popular Solana memecoin DogWifHat ($WIF) could drop significantly to $1 from its current price of $3.17. Bluntz Capital (@Bluntz_Capital) recently cautioned in a tweet that the price action of WIF over the past three weeks has appeared slow, overlapping, and corrective, indicating a potential crash to $1.
Despite the warning, DogWifHat has seen recent gains, up by 12% in the last 24 hours and 15% in the last week, aligning with the broader market trend where leading projects have seen positive movement. Pepe Coin, the second-ranking meme coin by market capitalization, also experienced gains, rising 6.8% to $0.05862 and up 13% in the last seven days.
While Bitcoin and Ethereum have seen modest gains, DogWifHat had a notable rally in March, setting a new all-time high of $4.83 on March 31 before declining by 34.2%. Currently, its Relative Strength Index (RSI) stands at 57, indicating buying momentum, but a cooling-off period may lead to the correction predicted by Bluntz.
Meanwhile, WienerAI ($WAI), a new meme token and AI companion, has raised $1.4 million in its presale. Touted as a “Revolutionary AI Trading partner,” WienerAI offers AI-enhanced trading advice, swap functionality, and zero fees. With 20% of its supply allocated for staking and a lucrative 660% APY, WienerAI represents a new generation of meme coins with utility beyond entertainment.
May 2024, Cryptoniteuae
