[ad_1]
Crypto analyst Bluntz Capital has as soon as once more shared a bullish narrative for Solana-based meme coin Dogwifhat (WIF). This follows the crypto token’s latest value surge that noticed it rise to as excessive as $1.70 on March 3.
WIF To Flip At Least Two Meme Cash
Bluntz talked about in an X (previously Twitter) publish that WIF will flip a minimum of two meme cash, presently forward of it in market cap. WIF is the fifth largest meme coin by market cap, solely behind Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Bonk (BONK).
In a subsequent publish, the analyst hinted at WIF flipping all three besides DOGE. He additionally replied within the damaging when one among his followers requested if WIF was going to overhaul the foremost meme coin, DOGE. As such, Bluntz appeared to foretell that WIF would rise to the second spot at most.
Apparently, WIF managed to flip BONK simply hours after Bluntz made his assertion.WIF’s rise above BONK was as a result of former’s run over the weekend, which noticed its value climb to as excessive as $1.70. Whereas BONK has reclaimed the fourth place, WIF’s newest value surge provides a glimpse of the numerous heights the meme coin might attain heading into the bull cycle.
Furthermore, WIF flipping BONK might occur sooner relatively than later, as Bluntz urged in a more moderen X publish that WIF might rise to $2 as soon as this corrective wave is finished. Prior to now, the crypto analyst had appropriately predicted that WIF would rise above $1. Again then, he acknowledged that the meme coin would go “turbo parabolic” as soon as this occurred.
Worth reaches $1.7 | Supply: WIFUSDT on Tradingview.com
Meme Coin Season: The New Altcoin Season?
Whereas Bitcoin cooled off over the weekend, meme cash made a run of their very own, which led to a few of them flipping notable altcoins. Particularly, PEPE and BONK entered the highest 50 crypto tokens by market cap, rising above SEI and Bitcoin SV (BSV). WIF was additionally within the combine, changing into the 63rd-largest crypto token by market cap.
Normally, altcoins are recognized to outperform Bitcoin every time the flagship crypto token cools off or experiences a correction. Nonetheless, that has not been the case recently, as meme cash dominate every time Bitcoin staggers. A believable clarification is that liquidity immediately flows into the meme coin market every time issues sluggish within the broader crypto market.
The meme coin market has additionally picked up because the final bull run, and these crypto tokens are exhibiting that they will go head-to-head with different altcoins.
Featured picture from SolanaFloor, chart from Tradingview.com
[ad_2]
Source link
