Convergence

Coin

Divergence

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/meme-coin-dogwifhat-skyrockets-challenging-pepes-market-position" rel="noopener noreferrer nofollow">Meme Coin Dogwifhat Skyrockets – Challenging PEPE’s Market Position</a><br></p>
<p style="text-align: justify">The meme <a href="https://en.bitcoinhaber.net/crypto-markets-brace-for-volatility-key-developments-and-economic-indicators" rel="noopener noreferrer nofollow">cryptocurrency</a> Dogwifhat (WIF), experienced an exceptional surge in its value during March, culminating in a record peak. The coin’s upward trajectory has sparked speculation that it may soon surpass PEPE, another major player in the meme coin sector. The potential for Dogwifhat to outperform PEPE has become a hot topic among crypto enthusiasts and investors.</p>
<h2 id="market-cap-milestones">Market Cap Milestones</h2>
<p style="text-align: justify">Dogwifhat’s remarkable rise has seen its market capitalization cross the $3 billion threshold, edging closer to PEPE’s valuation. This growth has put Dogwifhat on the radar as a contender for the third-largest meme coin, a spot currently held by PEPE, with a market value of $3.36 billion.</p>
<p style="text-align: justify">As WIF’s market capitalization stands at $3.17 billion, the gap between the two meme coins is narrowing. If Dogwifhat’s ascent continues, it could dethrone PEPE, setting its sights higher on the rankings, potentially challenging prominent meme coins such as SHIB and <a href="https://en.bitcoinhaber.net/massive-dogecoin-movement-detected-the-crypto-community-buzzes" rel="noopener noreferrer nofollow">DOGE</a>.</p>
<h2 id="technical-analysis-and-price-movements">Technical Analysis and Price Movements</h2>
<p style="text-align: justify">Technical analysis indicates that Dogwifhat may be at the initial stage of a bull run. The Relative Strength Index (RSI) suggests sustained bullish momentum, while the Moving Average Convergence Divergence (MACD) shows an uptrend signal. These indicators are fueling expectations of a further price hike for WIF.</p>
<p style="text-align: justify">Currently, Dogwifhat is trading at $3.08, having experienced a slight drop from its 24-hour high of $3.24. If the coin regains its upward momentum, it could not only overtake PEPE but also hit new price targets. There is anticipation that WIF’s value could escalate to $3.50 and beyond during this trend.</p>
<p style="text-align: justify">However, if the current retracement continues, WIF might slide down to a support level of $2.73, which converges with the 50-day Exponential Moving Average (EMA). A breach below this point might trigger a further slide to the $2.50 region.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/meme-coin-dogwifhat-skyrockets-challenging-pepes-market-position" rel="noopener noreferrer nofollow">Meme Coin Dogwifhat Skyrockets – Challenging PEPE’s Market Position</a></h5>

Meme Coin Dogwifhat Skyrockets – Challenging PEPE’s Market Position

Table of Contents

BH NEWS

Other articles published on Mar 27, 2024

XRP Whales Mobilize Following SEC’s Latest Appeal

FTX Customers Want A High Payout For Sam Coins, FTX Spoke On This

SUGMA DEEK: The Ultimate Crypto Comedy Quest on Solana!

Analyzing Bitcoin (BTC)’s 3.5% March Decline and Ethereum (ETH)’s Electra Upgrade in Light of Fur...

Exponential’s ‘State of DeFi’ Report Reveals Key Insights for Crypto Investors

Web3 AI Platform MyShell Raises $11 Million In a Round Led By Dragonfly

Join our free newsletter for daily crypto updates!