'Shiba Inu Killer' Dogwifhat Bites Off Another 33% Gain: This Trader Missed Out On $700 Million In Dog Money
Portfolio Pulse from Khyathi Dalal
Dogwifhat (CRYPTO: WIF) has seen a remarkable surge, with its price increasing by 32% in a day, 118% weekly, and nearly 1,200% monthly, reaching new all-time highs and outperforming other meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). A developer's early sale of WIF missed out on potential gains of $700 million. Dogwifhat now ranks third among meme coins by market cap, recently surpassing the $2 mark and achieving a $2.3 billion valuation. It aims to reach Pepe's (CRYPTO: PEPE) $3.5 billion valuation next.
March 08, 2024 | 3:56 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Dogwifhat's price has surged to new all-time highs, with significant gains outpacing other meme coins, and now aims for a higher market cap valuation.
The substantial price increase and the coin's performance compared to other meme coins, alongside its new market cap milestone, suggest a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100
NEUTRAL IMPACT
Dogecoin has seen significant gains but is outperformed by Dogwifhat's recent surge.
Dogecoin's performance is solid but the spotlight on Dogwifhat's exceptional gains could divert attention and investment away from DOGE in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Pepe's current market cap is set as the next target for Dogwifhat, indicating potential competition.
With Dogwifhat aiming for Pepe's market cap, there's potential for increased competition, though the direct short-term impact on PEPE's price is uncertain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Shiba Inu reports substantial gains but is overshadowed by Dogwifhat's explosive growth.
Shiba Inu's gains are noteworthy, yet the focus on Dogwifhat's larger gains could shift investor interest away from SHIB in the near term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70