Dogwifhat Rallies 17% From The Bottom, Outpacing Dogecoin, Shiba Inu: Why Is WIF Going Up?
Dogwifhat WIF/USD is bouncing back from a prolonged downtrend, prompting traders to speculate whether the popular meme coin has finally found its bottom. CryptocurrencyPrice Market Cap24-Hour Trend7-Day TrendDogwifhat WIF/USD $1.35$1.3 billion+18% -6.4%Dogecoin DOGE/USD $0.3288$48.6 billion-1.6% -10% Shiba Inu SHIB/USD $0.00001844$10.9 billion-2.9% -10% Trader Notes: Pseudonymous trader TheFlowHorse sees WIF as a strong play for a potential bounce, while prominent analyst Kevin highlighted to his followers that WIF hit “peak fear” under one dollar. He suggests a strong weekly close, combined with dovish Fed comments, could push WIF beyond $2. Crypto trader Bluntz Capital believes WIF has bottomed, noting that he sees a strong chance of a rebound. this ironically has potential to be the $wif bottom.the major A wave has now been swept, the bear market obviously lasted longer than i had originally anticipated but there's some nice signs of life forming here on ltfs.obviously very early days and we haven't seen a 5 wave… https://t.co/p5HhwIZz0t pic.twitter.com/uzz4RUfxvI— Bluntz (@Bluntz_Capital) January 29, 2025 Crypto trader Ansem calls WIF the "original coin that led the entire bull market," emphasizing its role as the first organic Solana meme coin to hit a billion-dollar valuation and drive the meme coin super cycle thesis. Statistics: Dogwifhat's 16.7% daily rally makes it the top gainer among major meme coins, with 24-hour trading volume hitting $1.1 billion. Community News: Dogwifhat's official X account teased "Viva La Vegas" with an image of WIF on the Vegas Sphere, hinting at an upcoming event in Q1. The post concluded with: "Hat stays on." Read Next: Hold Bitcoin, Solana, Trump, Dogecoin If You’re Starting A Portfolio Today, Says Top Trader Image created using artificial intelligence with Midjourney. Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.