Popular cryptocurrency exchange Robinhood listed dogwifhat (WIF) yesterday, Nov. 25, 2024. News of the listing has led to the memecoin’s price surging. The coin is currently the third-best performing crypto among the top 100 projects by market cap.
WIF is up by 6.2% in the daily charts, 12.5% in the 14-day charts, and 42.9% over the previous month. Despite the rally, the meme coin’s price has dipped by 4.1% over the last week.
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Will The Robinhood Listing Take WIF To $5?
dogwifhat (WIF) hit an all-time high of $4.83 on Mar. 31, 2024. The asset’s price has dipped by more than 30% since its peak. The latest price dip on the weekly chart could be due to Bitcoin (BTC) falling below $95.000 after getting close to breaching the $100,000 mark.
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Robinhood is one of the most popular cryptocurrency exchanges. The platform has around 13.7 million monthly users. The development will likely expose WIF to a much larger audience. The memecoin has also become quite popular over this year. Its popularity and Robinhood’s large user base could lead to a significant rise in adoption. WIF could witness a major rally over the coming weeks.
How High Can The Memecoin Go?
According to CoinCodex analysts, dogwifhat (WIF) will continue to surge over the next couple of weeks. The platform anticipates the asset to breach the $5 mark on Dec. 8, 2024. CoinCodex anticipates WIF will eventually hit $11.37 on Dec. 24, 2024. Reaching $11.37 from current price levels will entail a rally of about 237.39%.
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There is also a possibility that the memecoin will face a correction over the next few days. If Bitcoin (BTC) continues to dip, the market may witness further liquidations. In such a scenario, WIF’s price could face a correction.