Crypto dealer and analyst Unipcs (Bonk Man) has reiterated his bullish prediction for Dogwifhat (WIF). He made this assertion whereas revealing the sums misplaced by brief merchants due to their bearish sentiment across the meme coin.
Dogwifhat Headed To $10
Unipcs talked about in an X (previously Twitter) submit that Dogwifhat is “headed to $10” and can by no means drop to as little as $1 once more. He added that the market is presently in a meme coin supercycle, which is why he believes the meme coin can attain such heights. The crypto dealer additionally highlighted how WIF shorts had been “getting squeezed laborious” and mentioned that is the “manner it ought to be.”
Associated Studying
Apart from Dogwifhat, Unipcs typically has a bullish outlook in direction of meme cash. He earned a fame for longing Bonk, one other Solana-based meme coin, with $16,000 in October 2023 and nonetheless holding as on the final time he shared an replace on the commerce. Primarily based on his replace, his unrealized revenue has risen to as excessive as $13.7 million sooner or later.
Unipcs’s bullishness on meme cash can also be not shocking, contemplating this class of crypto tokens is projected as one of many main narratives in this bull run. Additionally it is price noting that meme cash Dogwifhat and Pepe (PEPE) are presently this 12 months’s best-performing crypto property among the many high 50 cash by market cap, with year-to-date (YTD) good points of over 1,800% and 1,000%, respectively.
Unipcs isn’t the one one who believes that WIF might rise to $10. One other crypto dealer generally known as ‘Free’ has additionally reaffirmed on totally different events that the meme coin will nonetheless rise to that value degree. In the meantime, crypto analyst Bluntz Capital can also be ultra-bullish on Dogwifhat, as he as soon as instructed that the meme coin will flip PEPE and Shiba Inu (SHIB) to change into the second-largest meme coin by market cap, solely behind Dogecoin (DOGE).
This Crypto Analyst Has Different Expectations
Crypto analyst CrediBULL Crypto just lately revealed his bearish expectations for meme cash, together with WIF. He foresees a “meme wipeout,” which might be worse than he initially thought. He added that this prevalence would “catch a ton of individuals off guard.” He claimed he would change into a meme coin bull when the time is true, however now just isn’t the proper time.
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In a current video posted on his YouTube channel, CrediBULL Crypto additionally analyzed Dogwifhat. He famous that WIF had considerably moved to the upside, as he rightly predicted in an earlier market replace. Again then, he talked about that he was anticipating the meme coin to rise to $3.8 earlier than it dropped to as little as $1.6.
Nevertheless, in his current video, he revealed that he received’t be shorting Dogwifhat even when it reaches $3.8. As an alternative, he’ll look ahead to the meme coin to assert the untapped highs on the $4 vary to validate his bearish expectations.
On the time of writing, Dogwifhat is buying and selling at round $3, up over 6% within the final 24 hours, based on information from CoinMarketCap.
Featured picture created with Bulb.io, chart from Tradingview.com
