Shiba

Dogecoin

Solana

Inu.

<ul>
 <li><strong>Dogwifhat (WIF) faced a sharp decline due to the global crypto market collapse.</strong></li>
 <li><strong>Initial optimism for WIF faded amid bearish sentiment and market volatility.</strong></li>
</ul>
<p>Dogwifhat (<a href="https://www.crypto-news-flash.com/solana-memecoins-forecast-wif-targets-3-050-bonk-aims-at-0-00003390/" rel="noopener noreferrer nofollow">WIF</a>), a popular meme token on the Solana network, has seen a dramatic price drop. With the token’s price declining dramatically from $2, this decline reflects the larger collapse of the global crypto market and highlights the current bearish sentiment among meme token investors.</p>
<h2 id="strong-dogwifhat-initial-surge-and-optimistic-predictions-strong"><strong>Dogwifhat Initial Surge and Optimistic Predictions</strong></h2>
<p>Interestingly, at the beginning of the month, CNF reported Dogwifhat’s <a href="https://www.crypto-news-flash.com/dogwifhat-surges-to-top-meme-coin-spot-outshining-doge-and-shib/" rel="noopener noreferrer nofollow">impressive performance</a>, citing its leadership in the meme token market, surpassing competitors such as Dogecoin (DOGE) and Shiba Inu. Many investors were enthusiastic about WIF’s possibilities because to this solid beginning.</p>
<p>Furthermore, well-known trader Bluntz identified significant bullish possibilities for Dogwifhat on July 2nd, right before the crypto market started to turn <a href="https://www.crypto-news-flash.com/litecoin-breaks-bearish-trend-with-25-million-ordinals-price-up-5/" target="_blank" rel="noopener noreferrer nofollow">bearish</a>.</p>
<p>After WIF created wave C in a corrective pattern, mapped as wave (ii) in its main structure, Bluntz <a href="https://x.com/Bluntz_Capital/status/1807604017364926945" rel="noopener noreferrer nofollow">noted</a> a possible bullish rally expected from a notable price rise. He predicts a price jump of more than $10. Still, this optimistic forecast rested on general market sentiment.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">don't be afraid to dream a little bigger.<a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> <a href="https://t.co/zWSk5xicri" rel="noopener noreferrer nofollow">https://t.co/zWSk5xicri</a> <a href="https://t.co/7XxUJrWAzu" rel="noopener noreferrer nofollow">pic.twitter.com/7XxUJrWAzu</a></p>
 <p>— Bluntz (@Bluntz_Capital) <a href="https://twitter.com/Bluntz_Capital/status/1807604017364926945?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 1, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h3 id="strong-recent-performance-and-current-market-sentiment-strong"><strong>Recent Performance and Current Market Sentiment</strong></h3>
<p>Though initially optimistic, the market has not been kind to <a href="https://www.crypto-news-flash.com/trader-bullish-on-memecoin-wif-expects-further-surge-despite-3000-gains/" rel="noopener noreferrer nofollow">WIF</a>. Data from CoinGecko shows that WIF’s price at the time of writing is roughly <strong>$1.63</strong>, having decreased<span style="color: #ff0000;"><strong> 10.80%</strong></span> over the past 24 hours. With a large drop of <span style="color: #ff0000;"><strong>20.91%</strong></span>, this current decline also displays a bearish attitude during the preceding seven days.</p>
<div class="cryptoboxes" id="mcw-709528" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="dogwifhat" data-symbol="WIF" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
<p>Dogwifhat’s price dropped sharply for a number of reasons, mostly related to the general collapse in the crypto market. Meme tokens like WIF have suffered as the worldwide crypto market shows notable volatility. Rising caution among investors has resulted in a sell-off that has further lowered prices.</p>

Dogwifhat Token Suffers Big Hit Amid Crypto Market Downturn

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Crypto News Flash

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