Pundit Predicts Shiba Inu Competitor Dogwifhat Will Reach $10 Amid Short liquidations
May 23 2024 - 4:30PM
NEWSBTC
Crypto trader and analyst Unipcs (Bonk Guy) has reiterated his
bullish prediction for Dogwifhat (WIF). He made this statement
while revealing the sums lost by short traders thanks to their
bearish sentiment around the meme coin. Dogwifhat Headed To
$10 Unipcs mentioned in an X (formerly Twitter) post that Dogwifhat
is “headed to $10” and will never drop to as low as $1 again. He
added that the market is currently in a meme coin supercycle, which
is why he believes the meme coin can attain such heights. The
crypto trader also highlighted how WIF shorts were “getting
squeezed hard” and said this is the “way it should be.” Related
Reading: Standard Chartered Analyst Says Bitcoin Is Set For A New
ATH Above $73,700, You Won’t Believe The Timeline Besides
Dogwifhat, Unipcs generally has a bullish outlook towards meme
coins. He earned a reputation for longing Bonk, another
Solana-based meme coin, with $16,000 in October 2023 and still
holding as at the last time he shared an update on the trade. Based
on his update, his unrealized profit has risen to as high as $13.7
million at some point. Unipcs’s bullishness on meme coins is
also not surprising, considering this category of crypto tokens is
projected as one of the leading narratives in this bull run. It is
also worth noting that meme coins Dogwifhat and Pepe (PEPE) are
currently this year’s best-performing crypto assets among the top
50 coins by market cap, with year-to-date (YTD) gains of over
1,800% and 1,000%, respectively. Unipcs isn’t the only one
who believes that WIF could rise to $10. Another crypto trader
known as ‘Free’ has also reaffirmed on different occasions that the
meme coin will still rise to that price level. Meanwhile, crypto
analyst Bluntz Capital is also ultra-bullish on Dogwifhat, as he
once suggested that the meme coin will flip PEPE and Shiba Inu
(SHIB) to become the second-largest meme coin by market cap, only
behind Dogecoin (DOGE). This Crypto Analyst Has Other Expectations
Crypto analyst CrediBULL Crypto recently revealed his bearish
expectations for meme coins, including WIF. He foresees a “meme
wipeout,” which could be worse than he initially thought. He added
that this occurrence would “catch a ton of people off guard.” He
claimed he would become a meme coin bull when the time is right,
but now is not the right time. Related Reading: Shiba Inu
Price Can’t Reach $0.01, Crypto Pundit Reveals Why In a recent
video posted on his YouTube channel, CrediBULL Crypto also analyzed
Dogwifhat. He noted that WIF had significantly moved to the upside,
as he rightly predicted in an earlier market update. Back then, he
mentioned that he was expecting the meme coin to rise to $3.8
before it dropped to as low as $1.6. However, in his recent video,
he revealed that he won’t be shorting Dogwifhat even when it
reaches $3.8. Instead, he will wait for the meme coin to claim the
untapped highs at the $4 range to validate his bearish
expectations. At the time of writing, Dogwifhat is trading at
around $3, up over 6% in the last 24 hours, according to data from
CoinMarketCap. Featured image created with Bulb.io, chart from
Tradingview.com
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