Dogwifhat (WIF) is priced at $2.76, down 18.5% within the final 24 hours. The low level led one analyst to suppose, “We’d like a vet.”
The newest value drop continues a notable downward pattern that started in late March, with WIF recording a 38.8% drop.
Regardless of the worth drop, the meme coin’s buying and selling quantity elevated by greater than 51% previously 24 hours, reaching $1.1 billion after reaching $726 million.
In response to CoinMarketCap knowledge, Dogwifhat at present ranks forty third when it comes to market capitalization, with a complete worth of $2.75 billion.
Amongst meme cash, WIF ranks third behind Dogecoin (DOGE) and Shiba Inu (SHIB) and simply forward of Pepe (PEPE) and Floki (FLOKI).
The coin reached its all-time excessive value on March 31, 2024, reaching $4.80. At present the cycle excessive is at $4.30, with the low at round $2.60.
Dogwifhat has proven vital volatility currently, with a one-month volatility fee of 23.42. Within the final 30 days, it has recorded 16 days of favorable value actions, whereas the remainder of the times noticed its worth take a nosedive.
At the very least one analyst on
“It is in all probability going to final some time, sufficient for individuals to maneuver on and query its long-term place on this market,” stated an analyst referred to as “The Circulate Horse.” “Nonetheless, the subsequent pump is stronger. I need to recapture the summer time dip.”
The cooldown has impacted extra than simply WIF, with a number of of its counterparts together with DOGE, SHIB, PEPE, FLOKI and Bonk (BONK) all recording vital drops previously 24 hours.
In response to CoinMarketCap, DOGE is down 13.56% in 24 hours and 6.56% in seven days.
SHIB and PEPE misplaced 10.6% and 17.6% of their values previously day and 10.3% and 11.9% previously week.
Of the highest 10 meme cash by market capitalization, solely PUPS (Ordinals) have seen any value positive factors previously 24 hours and even the previous seven days.
On the time of writing, the coin is up 8.54% from 24 hours in the past and up 145% in every week.
