Dogwifhat (WIF), dubbed the "Shiba Inu Killer," has experienced a significant rally since mid-September, rising by about 32% in the past week. This surge has led to bullish predictions for the meme coin.
Originating in early 2024, Dogwifhat gained popularity among meme coin enthusiasts, peaking at $4.84 after a 3,100% rise. Although its price has since corrected, it remains favored by investors and enjoys strong community support.
Renowned crypto analyst Rekt Capital recently noted Dogwifhat's breakout from a multi-month downtrend, suggesting it could signal the start of a broader altcoin rally. He predicted that WIF might be on the verge of a new macro uptrend.
Another expert, Gumshoe, highlighted that $35 million worth of WIF was recently moved from Binance to self-custody wallets, indicating increasing long-term investor confidence. According to Sito, a crypto trader, WIF's current breakout is reminiscent of a similar move in February, which led to a 1,600% gain over 48 days.
At present, Dogwifhat is trading at $2.4. While replicating a 1,600% jump may be challenging, the meme coin's upward momentum is evident. The next target is to break above the $2.665 level, which could pave the way for additional gains up to its all-time high of $4.84.
