{"id":420336,"date":"2024-09-04T12:30:39","date_gmt":"2024-09-04T07:00:39","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=420336"},"modified":"2024-09-03T15:37:11","modified_gmt":"2024-09-03T10:07:11","slug":"dogwifhat-rises-12-is-3-7-the-next-stop-for-this-memecoin","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogwifhat-rises-12-is-3-7-the-next-stop-for-this-memecoin\/","title":{"rendered":"dogwifhat rises 12%: Is $3.7 the next stop for this memecoin?"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Market sentiment around dogwifhat turned bullish in the last few days.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Most metrics hinted at a continued price rise.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">CoinMarketCap\u2019s <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/dogwifhat\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> revealed that the bears controlled <a href=\"https:\/\/ambcrypto.com\/predictions\/dogwifcoin-price-prediction\" target=\"_blank\" rel=\"noopener\">dogwifhat&#8217;s [WIF]<\/a> price last week as its value plummeted by over 9%. However, things took a U-turn in the last 24 hours, as dogwifhat\u2019s price surged by more than 12%. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, WIF was trading at $1.59 with a market capitalization of over $1.5 billion, making it the 49th-largest crypto. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The good news was that the memecoin\u2019s trading volume surged by 55% while its price increased. Generally, a rise in volume amidst a price increase acts as a foundation for a bull rally. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apart from that, the price increase also had a positive impact on the memecoin\u2019s social metrics. For example, its Weight Sentiment increased. This meant that bullish sentiment around dogwifhat increased. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, its Social Volume spiked, reflecting a rise in its popularity.<\/span><\/p>\n<figure id=\"attachment_420338\" aria-describedby=\"caption-attachment-420338\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.52.21-03-Sep-2024.png\"><img decoding=\"async\" class=\"wp-image-420338 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.52.21-03-Sep-2024.png\" alt=\"dogwifhat's social volume spiked\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.52.21-03-Sep-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.52.21-03-Sep-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.52.21-03-Sep-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.52.21-03-Sep-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.52.21-03-Sep-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.52.21-03-Sep-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.52.21-03-Sep-2024-1200x406.png 1200w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-420338\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h2><b>WIF price prediction\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">AMBCrypto then assessed dogwifhat\u2019s on-chain data to find whether metrics hinted at a price increase. As per our analysis of Santiment\u2019s data, WIF\u2019s Funding Rate dropped. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Usually, prices tend to move the other way than the Funding Rate. Moreover, after a slight decline, WIF\u2019s Open Interest increased, indicating that the chances of the bullish price trend continuing were high. <\/span><\/p>\n<figure id=\"attachment_420339\" aria-describedby=\"caption-attachment-420339\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.53.52-03-Sep-2024.png\"><img decoding=\"async\" class=\"wp-image-420339 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.53.52-03-Sep-2024.png\" alt=\"WIF's funding rate dropped\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.53.52-03-Sep-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.53.52-03-Sep-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.53.52-03-Sep-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.53.52-03-Sep-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.53.52-03-Sep-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.53.52-03-Sep-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/dogwifhat-WIF-14.53.52-03-Sep-2024-1200x406.png 1200w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-420339\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Coinglass\u2019 <\/span><a href=\"https:\/\/www.coinglass.com\/LongShortRatio\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> revealed yet another bullish signal. The memecoin\u2019s long\/short ratio registered an uptick. This meant that there are more long positions in the market than short positions \u2014 a bullish signal. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The technical indicator MACD suggested that the bulls and the bears were in a tussle with each other. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But the Chaikin Money Flow (CMF) indicated that the bulls might be victorious as the graph moved northward. If the bulls continue to dominate, then investors might witness WIF first target $1.97. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A successful breakout above that level might allow WIF to reclaim $2.8. In the event of a jump above that mark, then dogwifhat might target $3.7 in the coming weeks.\u00a0<\/span><\/p>\n<figure id=\"attachment_420341\" aria-describedby=\"caption-attachment-420341\" style=\"width: 2710px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/WIFUSDT_2024-09-03_14-57-55.png\"><img decoding=\"async\" class=\"wp-image-420341 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/WIFUSDT_2024-09-03_14-57-55.png\" alt=\"\" width=\"2710\" height=\"1456\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/WIFUSDT_2024-09-03_14-57-55.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/WIFUSDT_2024-09-03_14-57-55-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/WIFUSDT_2024-09-03_14-57-55-1024x550.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/WIFUSDT_2024-09-03_14-57-55-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/WIFUSDT_2024-09-03_14-57-55-1536x825.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/WIFUSDT_2024-09-03_14-57-55-2048x1100.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/WIFUSDT_2024-09-03_14-57-55-1200x645.png 1200w\" sizes=\"(max-width: 2710px) 100vw, 2710px\" \/><\/a><figcaption id=\"caption-attachment-420341\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here\u2019s <\/span><a href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">WIF\u2019s market cap in BTC\u2019s terms<\/span><\/a><span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">While WIF gained bullish momentum, other <a href=\"https:\/\/ambcrypto.com\/predictions\/solana-price-prediction\" target=\"_blank\" rel=\"noopener\">Solana [SOL]<\/a>-based memecoins were also not left behind. For instance, <\/span><a href=\"https:\/\/ambcrypto.com\/predictions\/bonk-price-prediction\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BONK<\/span><\/a><span style=\"font-weight: 400;\">\u2019s price increased by more than 5%. At press time, it was trading at $0.00001752.<\/span><\/p>\n<p><a href=\"https:\/\/ambcrypto.com\/predictions\/popcat-price-prediction\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">POPCAT<\/span><\/a><span style=\"font-weight: 400;\">, one of the latest additions to SOL\u2019s flourishing meme ecosystem, also witnessed a 9% price rise. At the time of writing, POPCAT was trading at $0.5981.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>dogwifhat registers double-digit price growth, which might allow it to reclaim its past glory.\u00a0<\/p>\n","protected":false},"author":75,"featured_media":420342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,5824,66,3,4,20],"tags":[6427],"class_list":["post-420336","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-memecoins","category-new-news","category-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>dogwifhat rises 12%: Is $3.7 the next stop for this memecoin? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"As the market conditions changed, several cryptos turned bullish, but dogwifhat [WIF] showcased impeccable performance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/dogwifhat-rises-12-is-3-7-the-next-stop-for-this-memecoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"dogwifhat rises 12%: Is $3.7 the next stop for this memecoin? 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