{"id":384500,"date":"2024-04-15T04:30:07","date_gmt":"2024-04-14T23:00:07","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=384500"},"modified":"2024-04-14T17:16:04","modified_gmt":"2024-04-14T11:46:04","slug":"wif-rises-3-shib-drops-7-in-24-hours-memecoin-mania-ends","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/wif-rises-3-shib-drops-7-in-24-hours-memecoin-mania-ends\/","title":{"rendered":"WIF rises 3%, SHIB drops 7% in 24 hours: &#8216;Memecoin mania&#8217; ends?"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">WIF\u2019s social volume remained higher than that of SHIB.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Bearish sentiment around WIF was dominant despite the price rise.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">While most cryptos, including trending meme coins, bled, <\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/dogwifcoin-price-prediction\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">dogwifhat [WIF]<\/span><\/a><span style=\"font-weight: 400;\"> performed differently as its price chart turned green in the last 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> On the other hand, <\/span><a href=\"http:\/\/ambcrypto.com\/category\/shiba-inu-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Shiba Inu [SHIB]<\/span><\/a><span style=\"font-weight: 400;\">, the second-largest meme coin, was down by over 7% during the same period.\u00a0<\/span><\/p>\n<h4><b>WIF\u2019s recovery looks remarkable\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">After a sharp drop on the 14th of April, WIF\u2019s price gained bullish momentum and quickly recovered.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Though the meme coin\u2019s price had fallen by more than 20% last week, it was among the handful of cryptos that managed to push its price up by over 3% in the last 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/dogwifhat\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, at the time of writing, WIF was trading at $2.81 with a market capitalization of over $2.8 billion. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unlike WIF, SHIB remained bearish. The meme coin\u2019s value sank by over 7% in the last 24 hours. At press time, it was valued at $0.00002232 with a market cap of $13.15 billion. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not only did WIF outshine SHIB on the price front, but also on the social front. AMBCrypto\u2019s analysis of Santiment\u2019s data revealed that WIF\u2019s social volume remained higher than that of SHIB.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> This bearish price action caused the latter&#8217;s Weighted Sentiment to drop, despite its green price chart.\u00a0<\/span><\/p>\n<figure id=\"attachment_384502\" aria-describedby=\"caption-attachment-384502\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.54.25-14-Apr-2024.png\"><img decoding=\"async\" class=\"wp-image-384502 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.54.25-14-Apr-2024.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.54.25-14-Apr-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.54.25-14-Apr-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.54.25-14-Apr-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.54.25-14-Apr-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.54.25-14-Apr-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.54.25-14-Apr-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.54.25-14-Apr-2024-1200x406.png 1200w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-384502\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">AMBCrypto then checked WIF\u2019s liquidation heatmap to see the possible targets the meme coin might reach if the bull rally sustains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> As per our analysis of Hyblock Capital\u2019s data, the meme coin has a clear path up to $3.9. A successful breakout from that level could result in the meme coin touching $4.2 or even $4.5 in the coming weeks. <\/span><\/p>\n<figure id=\"attachment_384503\" aria-describedby=\"caption-attachment-384503\" style=\"width: 2754px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-14-at-3.57.13\u202fPM.png\"><img decoding=\"async\" class=\"wp-image-384503 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-14-at-3.57.13\u202fPM.png\" alt=\"\" width=\"2754\" height=\"1482\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-14-at-3.57.13\u202fPM.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-14-at-3.57.13\u202fPM-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-14-at-3.57.13\u202fPM-1024x551.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-14-at-3.57.13\u202fPM-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-14-at-3.57.13\u202fPM-1536x827.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-14-at-3.57.13\u202fPM-2048x1102.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-14-at-3.57.13\u202fPM-1200x646.png 1200w\" sizes=\"(max-width: 2754px) 100vw, 2754px\" \/><\/a><figcaption id=\"caption-attachment-384503\" class=\"wp-caption-text\">Source: Hyblock Capital<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The possibility of this happening seemed high, as a few of the metrics were bullish. For instance, its Open Interest increased in the last few hours along with the meme coin\u2019s price. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A rise in the metric indicates that the chances of the ongoing price trend continuing are high.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> However, nothing can be said with certainty, as selling pressure on WIF was increasing at press time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Lookonchain\u2019s <\/span><a href=\"https:\/\/twitter.com\/lookonchain\/status\/1779200379651277001?t=J3swAXUT7Z1d-_yA46UwyA&amp;s=19\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\"> revealed that a whale dumped 1.22 million WIF for 3.13 million USDC at $2.56 in the recent past.<\/span><\/p>\n<figure id=\"attachment_384505\" aria-describedby=\"caption-attachment-384505\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.58.38-14-Apr-2024.png\"><img decoding=\"async\" class=\"wp-image-384505 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.58.38-14-Apr-2024.png\" alt=\"WIF's open interest increased\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.58.38-14-Apr-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.58.38-14-Apr-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.58.38-14-Apr-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.58.38-14-Apr-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.58.38-14-Apr-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.58.38-14-Apr-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-15.58.38-14-Apr-2024-1200x406.png 1200w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-384505\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h4><b>What\u2019s going on with Shiba Inu?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">While most metrics looked bullish on WIF, the same can\u2019t be said for Shiba Inu. AMBCrypto\u2019s analysis of Santiment\u2019s data pointed out that SHIB\u2019s MVRV ratio dropped.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read <\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/dogwifcoin-price-prediction\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">dogwifhat\u2019s [WIF] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2024-25<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Meanwhile, its NVT Ratio spiked, suggesting that SHIB was overvalued. This can cause the meme coin\u2019s price to plummet further. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nonetheless, SHIB\u2019s Supply on Exchanges dropped, indicating buying pressure on it was high.\u00a0<\/span><\/p>\n<figure id=\"attachment_384506\" aria-describedby=\"caption-attachment-384506\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-16.01.09-14-Apr-2024.png\"><img decoding=\"async\" class=\"wp-image-384506 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-16.01.09-14-Apr-2024.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-16.01.09-14-Apr-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-16.01.09-14-Apr-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-16.01.09-14-Apr-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-16.01.09-14-Apr-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-16.01.09-14-Apr-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-16.01.09-14-Apr-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/dogwifhat-WIF-16.01.09-14-Apr-2024-1200x406.png 1200w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-384506\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>As Shiba Inu bleeds, dogwifhat gains bullish momentum and rises by more than 3%.<\/p>\n","protected":false},"author":75,"featured_media":384507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,5824,66,3,6388,4,20],"tags":[6427],"class_list":["post-384500","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-memecoins","category-new-news","category-news","category-shiba-inu-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>WIF rises 3%, SHIB drops 7% in 24 hours: &#039;Memecoin mania&#039; ends? 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