Economist Henrik Zeberg recently indicated that the Solana 
$241-based memecoin Dogwifhat (WIF) could experience a substantial increase. In a statement to his 166,100 followers on the social media platform X, Zeberg expressed that WIF might rise by over 337% from its current value.
Anticipated Three-Phase Price Increase
Using Elliott Wave Theory, Zeberg predicts a major surge for WIF. According to the theory, an asset undergoes a five-wave upward movement, with the third wave being the longest and strongest. Zeberg noted that WIF has completed wave two and is now primed for a significant movement.
“Prepare for a larger movement now. WIF seems to have completed wave two and is setting the stage for a massive move. It could reach the 12-13 dollar level within the coming weeks!”
Market Expectations for Cryptocurrency
In September, Zeberg mentioned that WIF had the potential to break a critical level and could rise to 79.26 dollars during this period. According to Elliott Wave principles, a strong surge can be triggered once the ABCDE triangle consolidation concludes in an upward market trend.
“WIF: Have you joined? Breaking a long ABCDE consolidation. The potential is incredible.”
Currently, WIF is trading at 2.97 dollars, having dropped by 11.1% in the last 24 hours. The memecoin has a market capitalization of 2.9 billion dollars and ranks 52nd among cryptocurrency projects.
The economist suggests that the current cryptocurrency bull market may end sooner than many anticipate. He urges people not to rely on analysts expecting a multi-year increase, warning that it could be a bubble with limited duration before it collapses.
Zeberg anticipates over 171% growth in the overall cryptocurrency market value, predicting it could reach 9 trillion dollars.
Currently, forecasts regarding WIF’s potential movements may serve as important indicators for traders. However, it is advised to proceed with caution, considering market fluctuations and the risks associated with projects.
