The Solana-inspired DogWifHat is now inching towards establishing a new price target. The token is up 8% in the last 24 hours, trading at $2.98. WIF has earlier breached the $3 mark briefly before plummeting back to trade around $2.50.
The Solana-inspired meme token is currently trending and leading the crypto market wave due to its exceptional price pace. Here’s how high WIF can peak in May 2024.
Also Read: BONK Claims $2 Billion Market Cap: How High Can It Trade This Weekend?
DogWifHat May Forecast
The month of May was quite interesting for most of the coins. With the price of Bitcoin rising steadily, the crypto market’s momentum is improving with each passing day. DogWifHat also seems to be leveraging the current market pace to recover its lost valuations.
The token has noted a steady hike of 8% over the last 24 hours, showing signs of gradual ascension. Per CoinCodex, the token may trade at a higher price level by the end of this month.
Per CC, WIF is expected to trade at $9 by June 20, 2024.
“According to our current Dogwifhat price prediction, the price of Dogwifhat is predicted to rise by 222.67% and reach $9.69 by June 21, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 76 (extreme greed). Dogwifhat recorded 14/30 (47%) green days with 8.18% price volatility over the last 30 days.”
At the same time, the token is forecast to spike nearly 40% by May 29, trading at the $4 price threshold.
Also Read: Cardano: Here’s When ADA Can Peak To $2.22
“The Dogwifhat price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Dogwifhat projections, WIF will be changing hands at $4.43 on May 29, 2024, gaining 47.41% in the process.”
WIF Yearly Forecast 2024
DogWifHat is dubbed one of the leading crypto tokens riding the current market wave. The token has always been a popular choice among investors and is one of the central coins launched on the Solana blockchain.
Per CoinCodex, WIF can ascend to $13 if it continues to get stellar market support and momentum in the long run.
“Dogwifhat is forecasted to trade within a range of $3.00 and $13.92. If it reaches the upper price target, WIF could increase by 369.12% and reach $13.92.”