SOL - Crypto Analyst Foresees This 'Dogecoin Rival' To Surge Beyond $1: 'Hat Stays On' | Benzinga
A pseudonymous cryptocurrency analyst, Bluntz, is casting a positive outlook on a ‘Dogecoin (CRYPTO: DOGE) rival' that has seen an explosive increase.
What Happened: Bluntz said that the Solana (CRYPTO: SOL) based meme token named Dogwifhat (CRYPTO: WIF) has already hit its lowest point, falling below $0.10.
The analyst anticipates that such low prices will not be seen again “after the current market cycle is over.”
Dogwifhat saw a surge of 5,535% in value shortly after its first month of existence. This comes after several cryptocurrency exchanges such as Binance, KuCoin, Bybit, and Bitget, listed the token for trading.
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: The chart plotted by Bluntz utilizing the Elliott Wave theory to guide his market analysis, notes from his one-day chart that WIF might be in ...