Dogwifhat 'Looks Solid' Says Crypto Trader As Dog-Themed Crypto Surges 8% Even As Dogecoin, Shiba Inu Bleed
Portfolio Pulse from Aniket Verma
Dogwifhat (WIF), a Solana-based memecoin, surged over 8% in the last 24 hours, reaching a 1-month high, while other memecoins like Dogecoin, Shiba Inu, and Pepe saw declines. A prominent trader suggests WIF could see further gains if it holds above $2.20.
July 19, 2024 | 5:38 am
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POSITIVE IMPACT
Solana, the blockchain platform for Dogwifhat, may see positive sentiment due to WIF's significant gains.
Solana's association with Dogwifhat, which has seen significant gains, could lead to positive sentiment and a short-term positive impact on SOL.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Dogecoin saw a decline in its price as the broader memecoin market tumbled, contrasting with the surge in Dogwifhat.
Dogecoin's decline is part of a broader memecoin market slump, which contrasts with the rise of Dogwifhat, indicating a potential short-term negative impact on DOGE.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Pepe's price fell as the memecoin market declined, in contrast to Dogwifhat's significant gains.
Pepe's decline is part of the broader memecoin market downturn, indicating a short-term negative impact on PEPE.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Shiba Inu experienced a price drop amid a general decline in the memecoin market, while Dogwifhat posted gains.
Shiba Inu's price drop is aligned with the overall memecoin market decline, suggesting a short-term negative impact on SHIB.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80