Bitcoin price is above $68,500, and the data from the April 4th Spot Bitcoin ETF looks promising. Even though the Fidelity data wasn’t available at the time of writing, the outlook is positive. However, meme coins that made their mark in March might be about to initiate a new wave of opportunities. A recently launched crypto project is aiming for $5.
Dogwifhat (WIF)
While SHIB and DOGE remain calm, other recently released meme coins have achieved impressive gains. This is common, and meme coins (the successful ones) do so until they reach notable market values. Indeed, in 2021, Shiba Coin went through the same process, earning gains incomparable to DOGE and many investors made money as the price dropped 8-9 zeros.
WIF’s unique transactions climbed to 74,500 this Wednesday after hitting a 30-day low on March 23. The 127% increase suggests that WIF Coin’s price could lead a comeback, especially as BTC prices are also showing signs of recovery. However, there’s still a way to go since the historic peak on March 5 was at 161,000.
The increase in unique transactions reflects a recovery in investor interest, and more unique transactions could boost market liquidity and demand. Although the ADX data has not yet given the expected bullish signal, staying above 20 indicates that the situation is not too bad.
WIF Price Prediction
What has investors dreaming of a price surge for Dogwifhat is the golden cross observed on March 25. We’ve been discussing death crosses for days and how they historically signaled major downturns. The golden cross, on the other hand, signals the start of parabolic rallies.
WIF has increased by over 2,000% this year, becoming the largest meme coin in the Solana ecosystem and the third-largest among all meme coins. Its position was solidified with a Binance listing. This suggests that the demand for WIF could remain strong throughout the bull market, as long as the hype in the Solana network continues, similar to Shiba Coin, which survived the first bear market.
If the uptrend continues, Dogwifhat could surpass its record level of $4.82 and create a new peak at $5.
