The Dogwifhat (WIF) cryptocurrency has experienced a significant price decrease, falling over 16% from its October peak of $2.92. As of the latest update, it is currently trading at $2.44.
On Tuesday, WIF has continued its downward trend, forming another red candle on the trading chart and declining by 4% in the past 24 hours.
This downward movement is causing investors to evaluate whether it may be a suitable time to sell their existing WIF holdings and perhaps explore investing in emerging meme coins.