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Dogwifhat (WIF) Skyrockets as SHIB, BOME, BONK and FLOKI Pump 10%-20%
A sharp increase in the price of Dogwifhat (WIF) proves that meme coins are dominating the cryptocurrency markets. At the same time, other memes such as Shiba Inu (SHIB), Book of Meme (BOM), BONK and FLOKI are also performing very well, strengthening investor sentiment regarding these high-risk assets.
The WIF cryptocurrency led gains among the top 100 coins by market capitalization on Wednesday. With a unit price of $3.96, the popular dogcoin has reached a valuation of $3.95 billion. After the latest rally, Dogwifhat remains just 18% below its all-time high. Similar price action was seen by the SHIB, which rose 7.7% today. Similar price action has been seen in other meme-inspired cryptocurrencies, including frog-themed coins like BOM and PEPE.
The ongoing rally in meme coins comes amid sideways price action in Bitcoin and Ethereum as both assets have entered a consolidation following the recent approval of the Ethereum ETF.
Dogwifhat Price Prediction
With a constant influx of fresh capital, WIF, the dog-themed token, is inching ever closer to all-time highs. A 21.7% increase in 24 hours made it the 32nd most valuable digital asset on the planet. Technical analysis also suggests that a prolonged rally towards the all-time high of $4.86 is quite likely if it gains strength above $4.
FLOKI Price forecast
As predicted in my previous analysis, FLOKI price refreshed its all-time high (ATH) on Tuesday, but failed to close above it. On May 29, the popular dogcoin showed a slight correction of 0.44% after being rejected by its ATH. A daily close above $0.00307 is needed to aim for a bigger upside.
Shiba Inu (SHIB) Price Prediction.
Another meme coin that is trying to break out is the second most valuable meme coin, Shiba Inu. Over the past 24 hours, SHIB has gained 14.8%, reaching a market capitalization of $17.1 billion. Technical analysis shows that the coins are trying to break above the $0.000028 resistance. A clear break of this resistance is needed for the Shiba Inu price prediction to turn bullish.
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