dogwifhat

2024

Read

The six-month-old dog-themed meme coin, dogwifhat (<a href="https://crypto.news/price/dogwifhat/">WIF</a>), has gained bullish momentum after a month of constant declines. 
WIF is up by 23.7% in the past 24 hours and is trading at $1.89 at the time of writing. This is the first bullish momentum for the <a href="https://crypto.news/dogecoin-killers-or-hype-are-traders-still-making-millions-on-meme-coins/">meme coin</a> after almost a month of consecutive declines. On May 29, the asset <a href="https://crypto.news/wif-reaches-two-month-high-traders-bet-on-downturn/">reached a two-month high</a> of $4.06 and recorded a 39% plunge over the past 30 days. 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14281169"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/06/dogwifhat-WIF-10.50.45-25-Jun-2024-1024x347.png.webp"> 
 <img loading="lazy" decoding="async" width="1024" height="347" src="https://crypto.news/app/uploads/2024/06/dogwifhat-WIF-10.50.45-25-Jun-2024-1024x347.png" alt="WIF surges 23% as investors discuss buying opportunities - 17"> 
 </picture> 
 <figcaption class="wp-element-caption">
 WIF price, RSI, open interest, funding rate and social volume – June 25 | Source: Santiment
 </figcaption>
</figure> 
Following the notable decline in its price, WIF’s market cap fell to $1.54 billion on June 24. The meme coin’s market cap is currently standing at $1.88 billion, making it the 50th-largest digital currency. 
 You might also like: <a href="https://crypto.news/crypto-sees-over-300-million-in-liquidations-as-bitcoin-altcoins-plummet/"> Crypto sees over $300 million in liquidations as Bitcoin, altcoins plummet </a> 
Moreover, WIF’s daily trading volume increased by 114%, surpassing the $700 million mark.&nbsp; 
According to data provided by Santiment, the surge in the <a href="https://crypto.news/dogwifhat-price-prediction-wif-price-analysis-and-overview/">dogwifhat price</a> comes as investors discuss potential buying opportunities. Data shows that the social activity around the meme coin increased by 78% in the past 24 hours. 
Per Santiment, the WIF total open interest surged from $191 million to $201 million over the past day.&nbsp; 
The total funding rate aggregated by WIF, however, has been steadily sitting around the 0.007% mark since June 20. The $10 million increase in the token’s open interest shows that new trading positions majorly consist of longs and traders are slightly bullish on its price hike. 
Data from the market intelligence platform shows that the WIF relative strength index (RSI) rose from 24 to 34 over the past day. The indicator shows that the dog-themed meme coin’s value is still in good condition for a potential price surge.&nbsp; 
 Read more: <a href="https://crypto.news/trump-is-in-talks-to-speak-at-bitcoin-2024-in-july-report/"> Trump is in talks to speak at Bitcoin 2024 in July: report </a>

WIF surges 23% as investors discuss buying opportunities

crypto.news

Other articles published on Jun 25, 2024

Top 4 Cryptos for Unprecedented Growth

Ethereum futures markets suggest rally to $3.7K is highly unlikely

Buy These Cryptos Now for Big Profits in 2024

MoonBag vs. ICP vs. Immutable X: MoonBag Crypto with 88% APY Stands Out as the Top meme Coin Pres...

Bitget Proof-of-Reserves (PoR) in June portrays a 46% increase in user assets for Ethereum (ETH)

AlexTheDoge Pushes Memecoins To New Heights, Here’s Why This Hybrid BONK Coin Rival Will Become A...

Join our free newsletter for daily crypto updates!