Dogwifhat (WIF) experienced a 16% surge to $1.37, becoming a leading performer among cryptocurrencies despite the broader memecoin market decline. Analysts speculate on a possible breakout after the token's team teased the Las Vegas Sphere project.
Dogwifhat had recently fallen below the $1 mark but revived interest with this announcement. Previously a sensation in 2024, WIF once reached a high of $4.88.
The Las Vegas Sphere initiative aims to showcase the memecoin, raising $700,000, but faced delays, leading to frustration among investors. Analysts remain cautious, noting potential growth if consolidation occurs above $1.23.
WIF trades at $1.21, showing promise but within uncertain market conditions.
Source: www.newsbtc.com ↗